Singapore Airlines confirmed last week that it was in talks with Tata Group about a potential merger of full-service carriers Vistara with Air India. The Singapore national airline owns 49% of Vistara. Tata holds the...
HDFC twins may merge a few months ahead of schedule: HDFC Bank CFO
The merger between HDFC Bank and HDFC Ltd may be completed a few months or a quarter before the previously indicated deadline, said Srinivasan Vaidyanathan, chief financial officer, HDFC Bank. “Maybe there is (scope of...
Authum Investment acquires Reliance Commercial Finance for Rs 1 crore
Authum Investment and Infrastructure on Friday acquired debt-ridden Reliance Commercial Finance Limited (RCFL) for Rs 1 crore. “This is to inform that the company has sold its holding in wholly-owned subsidiary...
Sebi moves Supreme Court against SAT ruling in NDTV matter: Sources
The Securities and Exchange Board of India (Sebi) has moved the Supreme Court (SC) against a ruling by the Securities and Appellate Tribunal (SAT) in a matter pertaining to change of control at New Delhi Television...
PhysicsWallah makes acquisitions to foray into govt job prep, print books
Edtech unicorn PhysicsWallah on Thursday announced acquisition of test preparation edtech company PrepOnline and book publisher Altis Vortex for an undisclosed amount in a mix of cash and stock deal. With the...
LIC sells over 2% stake in Power Grid for Rs 3,079 crore in 5 months
LIC has sold over 2 per cent of its holding in Power Grid Corporation over the past five months for Rs 3,079.43 crore, the insurer said on Wednesday. There is a decrease of 2.003 per cent in holding during the period...
Zoomcar Holdings to go public via merger with Innovative International
Zoomcar Inc., an India-based car-sharing platform, has reached an agreement to go public via a merger with blank-check firm Innovative International Acquisition Corp., according to people familiar with the matter...
Shareholders of PVR approve the proposed merger with Inox Leisure
PVR on Wednesday said its shareholders had approved the proposed merger with Inox Leisure. PVR had convened a meeting of its shareholders on Tuesday following the directions of the Mumbai bench of the National Company...
M&A activity touches all time high in 2022, 58.2% higher than 2021: Report
Merger & Acquisition (M&A) activity in India touched an all-time high of $148 billion in the first nine months of 2022. It was 58.2 per cent higher than in 2021, according to a report in BusinessLine (BL)...
Sebi gives go-ahead to HSBC AMC’s acquisition of L&T Investment Managers
The Securities and Exchange Board of India (Sebi) has given its go-ahead to HSBC AMC’s acquisition of L&T Investment Managers. The $425-million deal was first announced in December 2021 and received the...
Route One Fund sells 1.54% stake in IndusInd Bank for Rs 1,401 cr
US-based hedge fund Route One Fund I LP divested a 1.54 per cent stake in IndusInd Bank for Rs 1,401 crore through an open market transaction. Route One Fund I LP offloaded 1,20,00,000 shares, amounting to a 1.54 per...
Quess Corp to sell its stake in Simpliance Technologies for Rs 120 crore
Staffing and outsourcing service provider Quess Corp Ltd announced that it has entered into definitive agreements with Aparajitha Corporate Services to divest its stake in digital risk and compliance service company...
