Infosys said it will acquire Denmark-based BASE life science for about 110 million euros (Rs 875 crore) in an all-cash deal. The acquisition will deepen Infosys’ expertise in the life sciences domain as well as...
Nomura Singapore buys 1.25 mn shares of BLS International worth Rs 27 cr
Global financial services firm Nomura Singapore on Monday purchased 12.5 lakh shares of technology services provider BLS International Services Ltd for Rs 27 crore through an open market transaction. According to bulk...
JSW in talks with PEs, foreign banks for Mytrah Energy acquisition
The JSW Group has initiated talks with several private equity (PE) funds, including American investment management firm Apollo Global Management, to acquire its renewable power producer, Mytrah Energy (India) Pvt Ltd...
Piramal Enterprises gets shareholders’ nod to demerge pharma business
Ajay Piramal-owned Piramal Enterprises has received shareholders’ approval to demerge its pharmaceuticals business and simplify the corporate structure. The company received 99 per cent of the votes at the shareholders...
Centre seeks bids from i-bankers to assist stake sale in Hindustan Zinc
The Centre has sought bids from merchant bankers to assist the government in offloading its 29.5 per cent residual stake in Hindustan Zinc (HZL) in tranches. The Centre’s 29.5 per cent stake in HZL is valued at around...
Vedanta acquires debt ridden Athena Chhattisgarh Power for Rs 565 cr
Mining major Vedanta said it would acquire debt-ridden Athena Chhattisgarh Power for Rs 564.67 crore in an all-cash transaction. The liquidation process for the company was initiated in March last year. According to...
Amara Raja looks for acquisitions overseas for lead acid batteries
Getting into lithium-ion battery making, automotive and industrial battery major Amara Raja Batteries Ltd is looking at acquisitions overseas to expand its lead acid battery business said a top company official...
Russia tycoon Vladimir Potanin agrees to Nornickel-Rusal merger talks
Billionaire Vladimir Potanin, the biggest investor in MMC Norilsk Nickel PJSC, said he’s ready to discuss merging the mining giant with United Co Rusal International PJSC as sanctions against Russia weigh on...
Tata Steel completes Rs 12,100 cr acquisition of NINL via step-down arm
Tata Steel said that it has completed the acquisition of 93.71 per cent in Neelachal Ispat Nigam Limited (NINL) through its listed step-down subsidiary, Tata Steel Long Products (TSLP). On January 31, TSLP was declared...
Shriram Group well on course for merger of two firms via tech integration
From laying the groundwork for super app ‘Shriram One’ to starting the training process for 50,000 employees, to commencing trial runs for cross-selling of products in 500 branches, Shriram Group is on track for the...
NMDC shareholders, creditors approve Nagarnar Steel Plant demerger: CMD
The shareholders and creditors of NMDC have approved the demerger of the company’s under-construction Nagarnar Steel Plant (NSP), its Chairman and Managing Director Sumit Deb said. The demerger of NSP from NMDC is...
Shiprocket’s logistics volume to grow 40% after Pickrr acquistion: CEO
Logistics startup Shiprocket said on Wednesday its acquisition of Pickrr, an e-commerce SaaS platform, will enable it handle about 10 million shipments monthly—a growth of 40 percent. Shiprocket is acquiring a majority...
