Reliance Brands Limited and Plastic Legno SPA have signed a joint venture arrangement through which RBL will acquire a 40% stake in Plastic Legno SPA’s toy manufacturing business in India. “This investment by RBL...
Pune-based Repos Energy raises Rs 56 crore from Ratan Tata, others
Pune-based energy distribution startup Repos Energy on Wednesday said it has raised Rs 56 crore from Tata Sons Chairman Emeritus Ratan Tata and other investors. The fresh capital as part of pre-series A funding round is...
KPIT Technologies announces acquisition of UK-based SOMIT Solutions
Automotive and mobility ecosystem focused IT services player KPIT Technologies announced the acquisition of cloud-based vehicle diagnostics specialist SOMIT solutions. The total value of the acquisition will be around...
Actis acquires Hyderabad-based Rx Propellant for an undisclosed amount
Global investor Actis has acquired Hyderabad-based Rx Propellant, which provides real estate solutions to tenants in life sciences and related sectors. Rx Propellant is a leading player in the life sciences real...
Aditya Birla Fashion to sell minority stake to private equity firms
The board of Aditya Birla Fashion and Retail is meeting on Tuesday to discuss selling a minority stake to private equity firms to raise up to Rs 2,300 crore. The company will utilise the funds to grow its offline...
IDBI Bank to sell 25% stake in Ageas Federal Life Insurance for Rs 580 cr
IDBI Bank has entered into a share purchase agreement with Ageas Insurance International, wherein the bank is looking to sell its remaining stake of 25 per cent in private sector life insurer Ageas Federal Life...
Google’s Russian subsidiary to file for bankruptcy after bank a/c seized
Google says its Russian subsidiary is planning to file for bankruptcy because it can’t pay staff and suppliers. Russian state media reported Wednesday that the U.S. tech company’s Russian subsidiary, Google...
Cabinet empowers PSU boards to recommend stake sale, close subsidiaries
The Union Cabinet has approved a proposal to empower the board of public sector undertakings (PSUs) to recommend strategic divestment, minority stake sale or closure of their subsidiaries and joint ventures. At present...
EMC case: Pawan Hans bidder initiates process to appeal against NCLT order
Almas Global Opportunity Fund SPC (AGOF), part of the consortium that won the bid for Pawan Hans, on Tuesday said it has initiated the process to appeal against an NCLT order with respect to the fund acquiring bankrupt...
After $10.5-bn deal, Adani makes open offer for Ambuja and ACC stake
A day after announcing a $10.5-billion (about Rs 81,000-crore) deal to acquire Holcim’s stake in Ambuja Cements and its subsidiary ACC, the Adani family on Monday made open offers to the public shareholders of the...
Adani group to buy 49% stake in Quintillion Media for undisclosed amount
AMG Media Networks, a unit of billionaire Gautam Adani’s conglomerate Adani Enterprises, will pick a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for...
Shah Rukh Khan’s Knight Riders Group acquires franchise in UAE T20 League
The Knight Riders Group, co-owned by Bollywood actors Shah Rukh Khan, Juhi Chawla and her husband Jay Mehta, has acquired the rights to operate a franchise at the UAE T20 League, becoming the fifth Indian firm to do so...
