Reliance Brands is in advance stage of talks to take over the India rights for premium makeup and beauty retail chain Sephora, from Arvind Fashions, according to two persons in the know. The Mukesh Ambani-led retail...
Tatas evaluating options to consolidate AirAsia India, Vistara under AI
The Tata Group has started an exercise to evaluate options to consolidate AirAsia India and Vistara under Air India to bring operational synergies among the three airlines under its umbrella, sources said. Air India...
M&M to acquire Swaraj Engines’ 17.41% stake from Kirloskar Industries
Mahindra & Mahindra(M&M) Ltd on Tuesday said it will acquire an additional 17.41 per cent stake in Swaraj Engines Ltd from Kirloskar Industries Ltd (KIL) for Rs 296 crore. The acquisition will result in...
Future Supply Chains calls off sale of warehouse assets over approval delay
Future Supply Chains has called off the sale of its warehouse assets due to expected delay in obtaining other requisite approvals, the company said in a stock exchange filing. It said that the delay in obtaining other...
NCLT approves merger of Exide Life with HDFC Life, holds 4.1% stake HDFC
The National Company Law Tribunal (NCLT) on Friday approved the merger of Exide Life Insurance with HDFC Life Insurance. The Scheme of Amalgamation was approved by the Mumbai bench of NCLT, HDFC Life Insurance said in a...
BYJU’S has to pay Rs 2,000 cr to clear Aakash acquisition deal on Sep 23
Edtech major BYJU’s is set to pay the remaining amount of nearly Rs 2,000 crore to VC firm Blackstone in the $1 billion acquisition of Aakash Educational Services on September 23. According to BYJU’s...
Brightcom calls off Rs 566-cr deal to acquire MediaMint; to go for alliance
Hyderabad-based digital marketing solutions firm Brightcom has decided to call of its deal to acquire MediaMint for Rs 566 crore and will now go for a strategic alliance with the latter. In December 2022, the Brightcom...
CCI rejects complaint against proposed merger of multiplex chains PVR, INOX
The Competition Commission of India (CCI) on Tuesday rejected a complaint against the proposed merger of multiplex chains PVR and INOX Leisure, saying apprehension of likelihood of anti-competitive practices by an...
Google completes $5.4 bn acquisition of cyber security firm Mandiant
Google has completed the $5.4 billion acquisition of cyber-security firm Mandiant, Google Cloud CEO Thomas Kurian announced. Mandiant will join Google Cloud to help organisations improve their threat, incident and...
Kotak Securities buys investment platform for advisors, MF distributors
Kotak Securities said it is acquiring all the assets of Bengaluru-headquartered start-up FundExpert Fintech, a digital multi-asset wealth management platform for independent financial advisors (IFA) and mutual...
Varde Partners to pick up 15% in Reliance Power for Rs 933 crore
Reliance Power said that it would raise Rs 933 crore through a private placement of shares to VFSI Holdings, an affiliate of investment firm Varde Partners. This would result in VFSI picking up a 15 per cent stake in...
InterGlobe Aviation dips 5% on news of partial stake sale by Rakesh Gangwal
Shares of InterGlobe Aviation dropped 5 per cent to Rs 1,885 on the National Stock Exchange (NSE) in Thursday’s intra-day trade, after nearly 5 per cent of the airline’s total equity changed hands via block deals...
