After acquiring online grocery retailer BigBasket in May and online pharma products seller 1mg Technologies in June, Tata Group continues its acquisition spree, with Tata Sons announcing on Thursday its subsidiary...
Global securities markets regulators team up to keep watch on SPACs
Global securities markets regulators said on Tuesday they have begun monitoring special purpose acquisition companies, or SPACs, due to potential regulatory concerns. SPACs are shell companies that list themselves on...
Britain revises SPAC rules to attract listings to London market
Britain has eased rules for so-called special purpose acquisition companies (SPACs) to attract more listings to London, just as global regulators have put a watch on SPACs, which may already be peaking in popularity...
IL&FS floats EOI from investors for selling 100% stake in wind farm project
Infrastructure Leasing and Financial Services (IL&FS) on Tuesday invited expressions of interest (EOI) from eligible investors for its 100 per cent stake in Ramagiri Renewable Energy Ltd (RREL) and purchase of fixed...
Equitas Holdings, Equitas SFB get board, shareholders nod for amalgamation
The board of directors and shareholders of Equitas Holdings Ltd (EHL) and Equitas Small Finance Bank (ESFB) on Monday approved the amalgamation scheme of the two companies. The share exchange ratio would result into...
SoftBank-backed Unacademy acquires game streaming platform Rheo TV
SoftBank-backed edtech firm Unacademy announced the acquisition of Rheo TV, a platform that helps professional game streamers livestream their gameplays and monetise those feeds. As part of the deal, Unacademy will...
Veera Health raises $3mn in funding led by Surge, Global Founders Capital
Veera Health, a digital health platform for women, raised $3 million in a funding round co-led by Sequoia Capital India’s Surge and Global Founders Capital. The funding round also saw participation from Y Combinator...
Majesco to acquire 51% stake in Pune-based K2V2 for Rs 40 crore
IT consulting and services firm Majesco has acquired 51 per cent stake in Pune-based software technology firm K2V2 in a Rs 40-crore deal. The Board of Majesco has approved this acquisition, as an inorganic step in its...
Sterlite Tech to acquire UK-based network integration firm Clearcomm Group
Broadband technology company Sterlite Technologies on Thursday said it will acquire Clearcomm Group, a leading Network Integration company in the UK, to further globalise its system integration business at an enterprise...
CCI approves acquisition of stake in Mukand by Bajaj Group entities
The Competition Commission of India (CCI) on Tuesday approved acquisition of certain equity shareholding of Mukand Ltd by Bajaj Group entities. The proposed transaction envisages the acquisition of up to 16.57 per cent...
Motilal Oswal to raise Rs 4,000 cr fund from domestic, global investors
Motilal Oswal Private Equity (MOPE) is looking to raise a Rs 4,000 crore private equity fund from domestic and global investors, a top executive from the fund manager said on Tuesday. “We intend to invest in mid...
Automovill raises $500,000 in bridge round from Mumbai Angel Netwrok
Automovill, a full-stack mobility startup has raised $500,000 in a bridge round from Mumbai Angels Network, along with its existing investor NEDFi Venture Capital. The round was led by Jay Nagrecha and Sandeep Daga...
