E-commerce logistics SaaS company Shiprocket has inked a deal to acquire a majority stake in its competitor e-commerce platform Pickrr for about USD 200 million (about Rs 1,560 crore) in a mix of cash and equity...
UK appeals court upholds ruling to block Meta’s Giphy acquisition
An appeals tribunal in the UK has upheld a previous ruling directing Meta (formerly Facebook) to unwind its $315 million acquisition of online database and search engine Giphy. In November last year, the UK Competition...
LIC increases stake in Capri Global Capital, Hero MotoCorp and HUL
Life Insurance Corporation (LIC), one of the largest domestic institutional investors in the country, has increased its stake in Capri Global Capital Ltd from 5.04 per cent to 7.06 per cent and Hero MotoCorp Ltd from 9...
Calcutta HC upholds state govt’s Metro Dairy stake sale to Keventer
The Calcutta High Court dismissed a petition alleging the sale of State’s Metro Dairy Limited (MDL) shares to Keventer Agro Ltd (KAL) in 2017 was non-transparent or opaque. A division bench of the court said the state...
Anti-profiteering Authority to be merged with Competition Commission
National Anti-profiteering Authority (NAA) is all set to be subsumed into the Competition Commission of India (CCI), according to a report in Livemint. NAA is the anti-profiteering watchdog of GST. Its term ends in...
Affle Global buys additional stake in Indus OS to become largest investor
Technology company Affle Global said it had bought an additional stake in Indus OS, an app and content discovery platform, from Samsung Ventures. Singapore-based Affle said in a press statement the deal makes it the...
Tata Tech eyes acquisitions, 69% growth to nearly $800 mn by 2025
Tata Technologies (Tata Tech) is expected to grow 69 per cent to about $800 million by 2025, up from $473 million during 2021-22, driven by an increase in demand in the electric vehicle space and aviation, a top company...
RIL, Apollo put in binding bid to acquire UK pharmacy chain Boots
A consortium of Apollo Global Management and Reliance Industries has made a binding offer for Walgreens Boots Alliance’s international arm, people with knowledge of the matter said. The investor group submitted a bid...
BLS International soars 10% on acquisition of Zero Mass in an all-cash deal
Shares of BLS International Services surged 10 per cent to Rs 195.40 on the BSE in Thursday’s trade in an otherwise weak market after the company acquired Zero Mass Private Ltd (ZMPL) for Rs 120 crore. With this all...
Neelachal Ispat acquisition crucial for Tata Steel growth path: Official
Describing winning the bid for acquiring a majority stake in Odisha-based Neelachal Ispat Nigam Ltd (NINL) as “crucial” for the company’s growth trajectory, Tata Steel said it provides enablers to go...
Essar sells Mahan-Sipat transmission line to Adani for Rs 1,913 cr
Essar Power Transmission Company (EPTCL) has entered into a definitive agreement with Adani Transmission (ATL) to sell one of its two transmission lines at an enterprise valuation of Rs 1,913 crore. EPTCL has 465-km...
Unicorn Gupshup acquires OneDirect to strengthen conversational platform
Gupshup, which enables businesses to manage customer conversations across channels, said it has acquired OneDirect, an AI-enabled customer service platform that provides services in South East Asia and the Middle East...
