Distancing itself from former promoters Malvinder Mohan Singh and Shivinder Mohan Singh, Fortis Healthcare Ltd on Monday opposed Daiichi Sankyo Co Ltd’s plea to stop the sale of its stake to Malaysia’s IHH...
Sun Pharma to acquire Japan’s Pola Pharma for $1 million for derma products
Sun Pharma on Monday said it would acquire Japan-based Pola Pharma for $1 million to strengthen its presence in dermatology segment across the globe. The firm has entered into a definitive agreement to acquire Pola...
Oil India to buy back 4.45% shares for Rs 10.85 bn to meet revenue targets
State-owned Oil India Ltd will buy back 50.4 million of its shares for a little over Rs 10.85 billion as part of the government’s push to cash-rich PSUs to part with their surplus either by paying higher dividends...
IIFL Holdings’ subsidiary lnfoline Finance to raise up to Rs 50 billion
IIFL Holdings said Saturday its arm lnfoline Finance is planning to raise up to Rs 50 billion via non-convertible debentures. “India lnfoline Finance Limited, a material NBFC subsidiary of the company (IIFL...
CPSE merger: EY, Deloitte, four other firms bid for advising FinMin
Six firms, including Ernst & Young LLP and Deloitte Touche Tohmatsu, are in the race for advising the Finance Ministry on two merger and acquisition (M&A) deals. The four other entities which have bid for...
Blackstone in final leg to buy ‘One BKC’ in Mumbai’s Bandra Kurla Complex
US-based private equity firm Blackstone is on the final lap of talks to buy a commercial complex in Mumbai’s Bandra Kurla Complex for about Rs 30 billion, said a source in the know. The office complex One BKC is owned...
IRDAI’s in-principle approval for stake sale in IndiaFirst Life Insurance
The insurance regulator has given an in-principal approval for the stake sale in IndiaFirst Life Insurance Company, by the UK-based Legal and General Group to private equity firm Warburg Pincus LLC, two sources...
A topsy-turvy ride for Jabong employees after its merger with Myntra
It has never been a steady ride for Abhishek Arora (name changed), a senior data scientist at online fashion portal Jabong, since he joined the firm three years back. In 2015, when Arora joined Jabong, owned by Rocket...
Tatas confirm talks to buy Jet Airways; lenders to back the acquisition
The Tata Sons board on Friday discussed the proposal to buy a stake in struggling private carrier Jet Airways but did not take any decision on the acquisition. The meeting, held at the Tata group headquarters, Bombay...
GVK Power and Infrastructure gets shareholders’ nod to raise Rs 80 billion
GVK Power and Infrastructure on Friday said that it has got shareholders’ approval to raise up to Rs 80 billion. The resolution to raise the funds, by a combination of various options listed on the agenda of the...
Visa expands South Asia presence, to buy minority stake in India’s BillDesk
Payments processor Visa Inc said on Friday it is taking a minority stake in Indian payment gateway BillDesk to expand its footprint in the south Asian country. The investment will be subject to statutory approvals and...
Infosys completes forming JV with investment firm Temasek in Singapore
Infosys had completed forming a joint venture (JV) with the Singapore-based global investment firm Temasek to service its clients across South East Asia in the digital space, said the software major on Friday...
