RP Sanjiv Goenka Group is looking to acquire companies in local retail, technology, and power distribution sectors as the diversified conglomerate looks to rapidly scale up. “We are poised for a very aggressive...
Adani Power board okays merger of six wholly-owned subsidiaries
Adani Power on Tuesday said its board has approved an amalgamation scheme for the merger of its six wholly-owned subsidiaries with itself. “The Board of Directors of Adani Power Ltd at its Meeting held on March...
Equitas Holdings, Equitas SFB gain on board approval for merger plan
Shares of Equitas Holdings (EHL) and its subsidiary Equitas Small Finance Bank (ESFBL) gained up to 10 per cent on the BSE in Tuesday’s intra-day trade after their respective boards approved the merger of the two. The...
Infosys to acquire German digital marketing firm Oddity for Euro 50 mn
Infosys announced the acquisition of oddity, a Germany-based digital marketing, experience, and commerce agency for a consideration of Euro 50 million, including earn-outs, management incentives and bonuses. The move...
SoftBank-backed Ola Electric invests in Israeli battery tech firm StoreDot
Ola Electric, India’s leading manufacturer of EVs (electric vehicles), has invested in an Israeli battery technology company StoreDot, a pioneer in batteries with extreme fast charging (XFC) technology. The investment...
Reliance Retail Ventures acquires 89% stake in Clovia for Rs 950 crore
Reliance Retail Ventures (RRVL) has acquired 89 per cent equity stake in Purple Panda Fashions, which owns and operates the Clovia business, an industry leader in the bridge-to-premium intimate wear category, with an...
What does the merger with Blinkit mean for Zomato and its shareholders?
Less than a year after investing $100 million in Blinkit for a 9.3% stake, Zomato is reportedly in talks to merge with the online grocery company in an all-stock deal. Blinkit shareholders will get a 10% stake in Zomato...
Dodla Dairy to acquire Sri Krishna Milks for Rs 50 crore
Shares of Dodla Dairy surged 19 per cent to Rs 548 on the BSE in Monday’s intra-day trade after the company announced the acquisition of dairy products company Sri Krishna Milks Private Limited (SKMPL) for a cash...
HDFC Capital to buy 7.2% stake in realty start-up Loyalie IT Solutions
HDFC on Thursday said it will acquire 7.2 per cent stake in proptech start-up Loyalie IT Solutions Pvt Ltd for Rs 1.1 crore. Founded by Akhil Sharaf in 2018, Loyalie, which has recently been renamed as Reloy, has been...
Nxtdigital surges 17% as board approves merger of Hinduja Leyland Finance
Shares of Nxtdigital (NDL) surged 17 per cent to Rs 486.20 on the BSE in Thursday’s intra-day trade after its board accorded in-principle approval for merger of Hinduja Leyland Finance (HLFL), into the company. NDL is...
Amazon closes $8.5-bn MGM deal after regulators decline to oppose It
Amazon.com Inc. said it closed the $8.5 billion acquisition of film studio Metro-Goldwyn-Mayer after regulators declined to challenge the deal, cementing the company’s biggest takeover in five years. The closing...
Adani Power completes acquisition of Essar’s 1,200 MW Mahan project in MP
Adani Power on Wednesday said it has completed the acquisition of Essar Power’s 1,200 MW thermal power project in Mahan, Madhya Pradesh. The cost of acquisition of Essar Power M P Ltd, which is undergoing...
