IT firm Persistent Systems on Wednesday said its US subsidiary will acquire North Carolina-based Software Corporation International (SCI) and its affiliate, Fusion360 for USD 53 million – a move that will bolster...
PE firm KKR affiliate sells part of its stake in Max Healthcare
Shares worth Rs 2,956 crore of Max Healthcare changed hands on Wednesday in a bunch of bulk deals. The shares were sold by Kayak Investment holdings, an affiliate of the private equity firm KKR for Rs 350 per share. The...
NCLT to hear plea on approval of Suraksha’s bid for Jaypee Infra on Oct 26
The National Company Law Tribunal (NCLT) on Tuesday directed to list the pleas related to the Suraksha group’s bid to acquire debt-ridden realty firm Jaypee Infratech on October 26 for hearing. The matter was...
Adani Group acquires 10% stake in CSC SPV’s Grameen eStore
Indian conglomerate Adani Group has acquired a 10 per cent stake in government promoted CSC SPV’s e-commerce subsidiary CSC Grameen eStore. CSC SPV Managing Director Dinesh Tyagi said the association with Adani...
Govt intends to complete BPCL disinvestment by March-end: Company chairman
The disinvestment of Bharat Petroleum Corporation (BPCL) is intended to be completed by March 2022 according to company Chairman, Arun Kumar Singh. Speaking at a press conference after the Annual General Meeting of the...
Centre may announce winning bid for Air India by October 15: Report
The Central government proposes to wrap up the divestment of Air India by the middle of next month with the announcement of winning bid for the national carrier. Sources indicated that tentatively October 15 has been...
Whirlpool to acquire additional 38% stake in Elica PB India for $57 mn
Consumer durables maker Whirlpool of India Ltd on Monday said it has inked a pact to acquire an additional 38 per cent stake in Elica PB India for USD 57 million (around Rs 420 crore). The company said it has entered...
Bank of America-backed ACRE buys 32% stake in Jayaswal Neco Industries
Bank of America-backed Asset Care Reconstruction Enterprise Limited (ACRE) has picked up 32 per cent stake in Jayaswal Neco Industries Limited thereby restructuring its debt worth Rs 5,661 crore. The ARC is backed by...
Tata Group to invest Rs 110 crore in health tech firm Karkinos
Comprehensive oncology platform Karkinos has closed a funding round with the Tatas with an investment commitment of Rs 110 crore, according to industry sources. Tata group plans to invest about Rs 35 crore immediately...
Jubilant Ingrevia arm divests 10% stake in Safe Foods Corp for $18.2 mn
Jubilant Ingrevia on Wednesday said its subsidiary Jubilant Life Sciences International Pte Ltd has divested its 10 per cent stake in Safe Foods Corporation for a consideration of USD 18.2 million (around Rs 134.2...
Lincoln Pharma acquires plant for making pneumonia, bronchitis antibiotics
Ahmedabad-based drug maker Lincoln Pharmaceuticals Ltd has acquired a facility in Mehsana that makes antibiotics used in the treatment of pneumonia and bronchitis, among other ailments. The acquisition along with...
Mphasis acquires US-based Blink UX for $94 mn in an all cash deal
Blackstone-backed IT services player Mphasis announced the acquisition of Blink UX, a user experience research, strategy, and design firm headquartered in Seattle, with over 130 employees for a consideration of $94...
