State Bank of India (SBI) Funds Management on Wednesday received the approval of the Reserve Bank of India (RBI) to acquire up to 9.99 per cent stake in HDFC Bank. HDFC Bank in an exchange filing said, “RBI vide...
IBM confirms acquisition of Polar Security reportedly for $60 million
Software giant, IBM has acquired automated cloud data security and compliance provider Polar Security for an undisclosed sum. Reports claimed that the deal was valued at about $60 million. Founded in January 2021, Polar...
China’s SAIC Motor plans to sell its stake in MG Motor to domestic entities
China’s SAIC Motor will be taking a step back as it plans to dilute its stake in MG Motor India in the next few years, reported Times of India. China’s automotive giant holds a majority stake in the Indian...
Brookfield weighing stake sale in Indian tower business, says report
Brookfield Infrastructure Partners is considering the sale of a minority stake in its telecommunications tower business in India, according to people familiar with the matter. The Canadian investment firm is working...
Easy Trip Planners in-principally approves acquisition of certain entities
Online travel service provider Easy Trip Planners Limited, said its board of directors in-principally approved the acquisition of certain entities and companies. The board also approved the appointment of legal...
After a strong 2022, M&A in tech services sector falls in Q1 2023: Nasscom
The deal activity in the global technology services sector has softened, with over 150 transactions announced in the first quarter of 2023 compared to 270-plus deals in Q1 2022 and over 220 in the first quarter of 2021...
Fintech firm BharatPe acquires controlling stake in NBFC Trillion Loans
Full-stack fintech services provider BharatPe Group announced it has completed a majority stake (51 per cent) acquisition in Trillion Loans, a Mumbai-based non-banking financial company (NBFC), for an undisclosed sum...
CCI gives nod to Blackstone-Emerson Electric Co acquisition deal
The Competition Commission of India (CCI) said it has granted its approval for the stake acquisition in the climate technologies business of Emerson Electric Co by BCP Emerald Aggregator LP. BCP Emerald Aggregator LP is...
Epic Games acquires game developer firm AQUIRIS to enhance Fortnite
Video game developer Epic Games has announced that it acquired Brazil-based game developer studio AQUIRIS to boost the online game Fortnite. “Today we are announcing that Brazil-based game studio, AQUIRIS, is...
CCI approves SREI Infrastructure Finance’s acquisition by NARCL, IDRCL
Fair-trade regulator CCI on Thursday said it has approved the acquisition of SREI Infrastructure Finance by National Asset Reconstruction Company Ltd and India Debt Resolution Company Ltd. The deal has been cleared...
GHCL completes demerger of its spinning business into GHCL Textiles
Chemicals major GHCL has completed the demerger of its spinning business into GHCL Textiles. The demerger became effective from April 1 and the new entity GHCL Textiles will be listed on NSE and BSE after receiving...
Parliament passes antitrust legislation on overseas mergers & acquisitions
India’s parliament approved a revised legislation which gives the South Asian nation’s antitrust watchdog wider powers to review overseas mergers and acquisitions. The legislation was approved by the upper house of...
