India’s second largest mobile service provider Bharti Airtel has shelved plans to amalgamate its digital businesses into the listed entity and demerge its core telecom business into a separate subsidiary. This was...
Future Retail asks court to declare arbitration with Amazon illegal
India’s Future Retail has asked a New Delhi court to declare ongoing arbitration proceedings with Amazon.com illegal, saying the country’s antitrust agency had suspended a 2019 deal, which Amazon used to...
HDFC Life completes acquisition of Exide Life; merger to take place shortly
HDFC Life Insurance has completed the acquisition of Exide Life by allotting over 8.7 crore shares of the company to Exide Industries, the insurer said on Saturday. The Capital Raising Committee of the board has vide...
IDFC First Bank board favours merger with promoter entities
IDFC First Bank on Thursday said its board has favoured the merger IDFC Ltd and IDFC Financial Holding Co Ltd (promoter group) with the bank. The board of directors of the bank in a meeting held on December 30, 2021...
Firstsource Solutions acquires American Recovery Services
Firstsource Solutions said it has entered into an agreement to acquire American Recovery Services Inc (ARSI), a nationwide legal collections network headquartered in Southern California. The acquisition enhances...
CCI approves 96.42 per cent equity acquisition in Jindal Power by Worldone
The Competition Commission of India (CCI) said on Thursday it has approved the acquisition of 96.42 per cent equity shareholding in Jindal Power Limited by Worldone Private Limited. Worldone Private Limited (Worldone)...
Ajanta Pharma board approves up to Rs 286-crore share buyback plan
Drug firm Ajanta Pharma on Tuesday said its board has approved a share buyback plan of up to Rs 286-crore, wherein the drug maker will buy back shares at a maximum price of Rs 2,550 apiece. The company’s board has...
SME neo-banking platform Open buys Finin for $10 mn in cash-and-stock deal
Open, the SME neo-banking platform on Tuesday announced the acquisition of consumer neo-banking platform Finin for $10 Million in a cash-and-stock deal. The acquisition will strengthen Open’s cloud native enterprise...
Natco board approves proposal to acquire US-based pharma company
Natco Pharma on Tuesday said its board has approved a proposal to acquire US-based Dash Pharmaceuticals LLC for a cash consideration of USD 18 million. The company’s board has approved to acquire Dash...
Fabric-maker Raymond to raise Rs 100 cr through non-convertible debentures
The country’s leading fabric and apparel manufacturer Raymond Ltd on Monday said it plans to raise Rs 100 crore from the market by issuing non-convertible debentures (NCDs). The company’s board is meeting on...
Managed services firm Prodapt buys UK-based SLR Dynamics for unknown sum
Chennai-based tech consulting and managed services provider Prodapt has said that it acquired SLR Dynamics, a UK-based company focussed on digital engineering and automation services in the TMT industry. SLR Dynamics...
Shriram Capital, Shriram City Union to merge with Shriram Transport
Shriram Capital Ltd (SCL) and Shriram City Union Finance (SCUF) will merge with Shriram Transport Finance Company (STFC) as part of restructuring in Shriram Group. The new entity, which will be the largest retail non...
