Private sector lender ICICI Bank on Tuesday said it has accepted to acquire 1 million equity shares in Open Network for Digital Commerce (ONDC) for Rs 10 crore. After the acquisition of shares, the bank will hold a 5.97...
‘Pain in system is too much’: Motherson Sumi chief sees lot of acquisitions
The current geo-political instability triggered by the Russian invasion of Ukraine is an opportunity for firms like Motherson Sumi to acquire companies that are in distress, said Vivek Chaand Sehgal, chairman, of...
Spacetech startup Pixxel raises $25-mn funding led by Radical Venture
Pixxel, an Earth-imaging technology startup, announced a $25 million Series A in what is India’s largest fundraise by a space technology company to date. The funding was led by Radical Ventures, a Toronto-based firm...
Tata AIG, ICICI Lombard join race to buy insurance units of Reliance Cap
Tata AIG, ICICI Lombard and Nippon Life are among 54 prominent Indian and foreign financial companies joining the race for the profit-making insurance arms of Reliance Capital, which was last year put under...
Vikas Ecotech scouts for acquisition, expects Rs 360 crore revenue in FY23
Speciality chemicals and polymer products maker Vikas Ecotech Ltd (VEL) is looking to log Rs 360 crore revenue in the next financial year on the back of resumption of exports which were stalled due to the Covid-19...
Airtel to acquire Vodafone’s 4.7% stake in Indus Towers for Rs 2,388 cr
Telecom company Bharti Airtel will acquire a 4.7 per cent stake in Indus Towers from Vodafone Group for about Rs 2,388 crore, according to a company filing. The transaction will be executed at a price of Rs 187.88 per...
Tata Consumer Products to continue focus on acquisitions
Tata Consumer Products has said it will continue to look at acquisitions to become a large player in the packaged foods business. The company recently acquired Kottaram Agro Foods, which houses the brand Soulfull, and...
Ola signs agreement to acquire neo bank Avail Finance
Mobility firm Ola has signed an agreement to acquire neo bank Avail Finance which provides financial services to the blue-collared workforce and has over 6 million users, the company said on Thursday. The acquisition is...
Netcore acquires 90% stake in Unbxd for $100 mn, plans IPO in a year
Software-as-a-service firm Netcore has acquired 90 per cent stake in artificial intelligence-based product discovery platform Unbxd for USD 100 million to enhance its customer experience technology solutions, a senior...
University of California picks up 0.57% stake in Kotak Mahindra Bank
The Regents of the University of California on Thursday picked up 0.57 per cent stake in Kotak Mahindra Bank for Rs 1,907.6 crore. The stake was purchased at Rs 1,699 per share from Canada Pension Plan Investment Board...
CCI clears Blackstone, TPG buying stakes in Busybees Logistics
Competition Commission of India (CCI) has approved the proposed stake acquisitions by Blackstone and TPG in Busybees Logistics Pvt Ltd. Busybees is engaged in the business of providing logistics and delivery solution...
Triveni Turbine arm to acquire 70% stake in S African firm TSE Engineering
Triveni Turbine on Wednesday said that its arm Mis Triveni Turbines DMCC has inked an agreement to acquire 70 per cent equity of TSE Engineering in South Africa for 11.9 million South African rands (around Rs. 6.17...
