The IL&FS Group has completed the sale of its 52.26 per cent stake in Terracis Technologies Limited (TTL) to Falcon SG Holdings of the Philippines. With this stake sale, IL&FS has resolved approx Rs 1,275 crore...
Debt-laden IL&FS says it has completed stake sale in Prime Terminals FZC
Debt-laden Infrastructure Leasing and Financial Services (IL&FS) on Wednesday said it has completed the sale of its 71.84 per cent stake in IL&FS Prime Terminals FZC to VTTI Terminal I BV. The transaction has...
Vedanta promoters buy 138.6 mn shares in Vedanta Ltd at Rs 349.7 per share
Promoters of Anil Agarwal-led Vedanta Limited, Twin Star Holdings Limited and Vedanta Netherlands Investments BV, today bought 138.6 million shares of the company at Rs 349.7 a share, according to bulk deals data of...
NCLAT stays Competition Commission’s Rs 200 cr penalty on Maruti Suzuki
Appellate tribunal NCLAT on Monday stayed the Rs 200 crore penalty imposed by the Competition Commission on Maruti Suzuki but directed the car maker to deposit 10 per cent of the total amount within three weeks. The...
McLaren Technology plans to acquire major stake in Indian fintech firm
California-based McLaren Technology Acquisition Corp is looking to acquire a significant stake in an Indian fintech company preferably having a valuation in the range of USD 500 million to USD 2 billion, a top company...
Chennai-based UDS buys majority stake in global sales enablement co Denave
Chennai-based integrated facilities management and business services firm Updater Services (UDS) has acquired a controlling stake in Denave, a global technology-powered sales enablement services organisation...
Toshiba announces plan to split into 3 firms, shareholder reaction in focus
Japan’s Toshiba Corp outlined plans on Friday to break up into three independent companies by spinning off two core businesses – its energy and infrastructure business as well as its device and storage...
FRL-RIL deal: SC judge offers to recuse; final hearing on November 23
Supreme Court judge Justice Hima Kohli on Thursday offered to recuse herself from hearing a batch of petitions arising out of the Amazon-Future Retail case, saying she and her family members have shares in Reliance...
Swiss firm Firmenich buys Blackstone’s 10% stake in SH Kelkar for Rs 242 cr
Swiss firm Firmenich Aromatics on Tuesday acquired private equity (PE) major Blackstone’s 10 per cent stake in SH Kelkar, a Mumbai-based fragrance company. The stake was sold at Rs 173 per share for a total...
Mahindra Logistics acquires Meru Cabs from Mahindra & Mahindra
Mahindra Logistics (MLL) on Tuesday announced 100 per cent equity capital acquisition of Meru Cabs, a ride-sharing company, from its parent Mahindra & Mahindra (M&M). The all-cash deal size is Rs 1,305.9 crore...
Adani Group buys minority stake in online travel aggregator Cleartrip
The Adani Group on Friday announced it would acquire a significant minority stake in Cleartrip, an online travel aggregator (OTA) and part of the Flipkart Group. The amount of investment is not disclosed. As part of the...
Avanti Finance raises $15 mn in Series A from Oikocredit, Gates Foundation
Bengaluru-based Avanti Finance, a technology-led NBFC focused on financial inclusion, has raised a tranche of $15 million (Rs 111 crore) in its Series A round from existing investors Oikocredit, Nomura, The Bill &...
