Anil Ambani group firm Reliance Capital (RCap) has signed a definitive agreement with Nippon Life to sell its stake in Reliance Nippon Life Asset Management (RNAM). Under the agreement, the Japanese firm will hike its...
Banks may hold 20% in Jet Airways to make Etihad-Hinduja deal fly
Banks might agree to acquire up to a 20 per cent stake in Jet Airways as the Hinduja group is not keen to exceed its shareholding beyond 30 per cent in the grounded airline, sources close to the development said a day...
M&A deals in April see 96 per cent decline to $735 million: Report
The value of merger and acquisition deals announced in April stood at $735 million (over Rs 5,100 crore), a decline of 96 per cent against previous year during the same period, as per a report. According to a report by...
Kishore Biyani’s Future Consumer to raise Rs 280 cr from IFC, Verlinvest
Kishore Biyani’s Future Consumer (FCL) plans to raise Rs 280 crore from the International Finance Corporation (IFC) and Verlinvest SA, a private equity and venture capital entity. The proposed fundraising will support...
Govt to divest 25% in RailTel, invites bids from merchant bankers for IPO
The government is looking to divest up to 25 per cent stake in RailTel Corporation, and is scouting for merchant bankers to manage the listing process. The government will appoint up to three merchant bankers to manage...
Orchid Pharma says closer to resolution as RP has received three plans
Orchid Pharma Ltd is one step closer to finalising its second attempt to find a resolution plan under the Corporate Insolvency Resolution Process (CIRP) it initiated earlier, as the Resolution Professional (RP) received...
Spencer’s Retail to fully buy out Nature’s Basket in Rs 300-cr deal
RP-Sanjiv Goenka Group firm Spencer’s Retail has concluded an agreement with Nature’s Basket to acquire 100 per cent stake in the Godrej Group company for Rs 300 crore, which will mark a second innings for Spencer’s in...
L&T becomes single-largest shareholder in Mindtree, acquires 26% stake
After close to two months of intense corporate battle, engineering and construction major L&T on Thursday crossed the critical stakeholding mark of 26 per cent in Mindtree, making it the single-largest shareholder...
Hinduja group keen on Jet Airways takeover; seeks Naresh Goyal’s consent
The Hinduja group would be keen to take over Jet Airways, provided lenders agree to take a substantial haircut on their dues and founder Naresh Goyal gives his consent to the takeover. A top official of the group said...
Mumbai firm Darwin Group submits bid to invest in grounded Jet Airways
Ajay Harinath Singh, a Mumbai-based resident who claims to run diverse businesses across 11 countries, has submitted an offer to invest in Jet Airways. Singh’s Darwin Platform Group (DPG) is the third unsolicited bidder...
Tata group plans to consolidate food and beverages under Tata Global
The $104-billion Tata group will kick off a new round of consolidation two months after it restructured operations under 10 verticals. The group may make an announcement on Wednesday about transferring the consumer...
Vodafone Idea board approves merger of 2 subsidiaries with parent
Vodafone Idea said on Tuesday its board has approved merger of two wholly-owned subsidiaries, Vodafone India Digital Limited and Idea Telesystems Limited, with the company. “The scheme is subject to approval of...
