China’s Alibaba Group sold a 3.1% stake in Indian digital payments firm Paytm worth $125 million through a block deal on Thursday, a source with direct knowledge of the matter told Reuters. Alibaba, which held a 6...
Mirae Investments acquires industrial asset in Mumbai for Rs 130 cr
South Korea’s Mirae Asset Global Investments has acquired an industrial asset in Mumbai’s Bhiwandi for Rs 130 crore from Prakhhyat Group. The pre-leased grade A warehousing property in K-Square Integrated Industrial...
NARCL emerges as the highest bidder for SREI with NPV of Rs 5,555 cr
National Asset Reconstruction Company Ltd (NARCL) emerged as the highest bidder in the auction for two finance companies – Srei Infrastructure Finance and Srei Equipment Finance – which began on Tuesday...
InCred Capital acquires digital investment firm Orowealth in all-cash deal
InCred Capital has acquired Orowealth, a wealth technology startup, in an all-cash deal that enables it to enter retail wealth management. Orowealth, which has more than Rs 1,100 crore worth of assets under management...
Tata Motors completes Rs 725 cr acquisition of Ford’s Sanand plant
Tata Passenger Electric Mobility (TPEML), a subsidiary of Tata Motors, has completed the acquisition of Ford India’s vehicle manufacturing plant in Sanand for Rs 725.7 crore, according to an exchange notification. On...
JSW Energy completes acquisition of Ind-Barath Energy for Rs 1,047 cr
JSW Energy said it has completed the acquisition of 700 MW Ind-Barath Energy (Utkal) for Rs 1,047.60 crore through insolvency proceedings. “Pursuant to the NCLT (National Company Law Tribunal) approval order, the...
Reliance Infratel goes to Jio for Rs 3,720 crore for asset acquisition
Reliance Projects and Property Management Services — a subsidiary of telecom major Reliance Jio — has deposited Rs 3,720 crore in an SBI escrow account to acquire mobile tower and fibre assets of Reliance Infratel. The...
NCLT approves merger of Kalpataru Power Transmission, JMC Projects
Kalpataru Power Transmission Ltd (KPTL) on Wednesday said the National Company Law Tribunal has approved the merger of JMC Projects (India) Ltd with the firm, making it one of the country’s largest listed...
Dealmaking slips by almost a third in 2022 marked by volatility, inflation
Stubbornly high inflation, soaring borrowing costs and geopolitical uncertainty hindered dealmaking in 2022, sending global mergers and acquisitions activity down by almost a third compared with last year’s record haul...
Torrent wins race to acquire RCap with Rs 8,640 crore offer to lenders
Ahmedabad-based Torrent group has won the race to acquire Reliance Capital after making an offer of Rs 8,640 crore for the company in an auction held on Wednesday. The offer was made by the promoter entities of the...
Tata in talks to buy majority stake in UTI AMC from 4 PSU finance entities
The Tata Group is looking to buy a majority stake in India’s eighth largest mutual fund UTI Asset Management Co (AMC). The group is in final stages of negotiation to buy the stake from four state-owned financial...
DIPAM extends last date for submission of EoI for IDBI stake sale
The Department of Investment and Public Asset Management (DIPAM) on Wednesday extended the deadline to submit Expressions of Interest (EoI) for the strategic disinvestment of IDBI Bank to January 7 next year from...
