JSW Infrastructure announced that the company through its wholly owned subsidiary, JSW Port Logistics has agreed to acquire 70.37% shareholding held by Promoters and Promoter Group in Navkar Corporation (Navkar)...
Fractal Announces Merger of Eugenie.ai to Bolster AI-Powered Climate Solutions
Fractal (www.fractal.ai), a global provider of artificial intelligence and advanced analytics solutions to Fortune 500® companies, today announced the merger of Eugenie AI (Eugenie.ai), an AI company dedicated to...
Board of Vijaya Diagnostic Centre approves merger with Medinova Diagnostic Services
At meeting held on 26 June 2024. The Board of Directors of Vijaya Diagnostic Centre (VDCL) and Medinova Diagnostic Services (MDSL) at their respective Board meetings held today, approved the Scheme of Amalgamation for...
Board of UltraTech Cement approves acquisition of 23% stake in India Cements
At meeting held on 27 June 2024. The Board of UltraTech Cement at its meeting held on 27 June 2024 has approved making a financial investment to purchase upto 7.06 crores equity shares of India Cements at a price of...
Tech Mahindra gains on plan of merger with subsidiaries
Tech Mahindra advanced 1.80% to Rs 1,426 after its subsidiaries, Healthnxt and Tech Mahindra Americas (TMA) approved merger of Healthnxt with the company. Healthnxt and TMA’s businesses are complementary...
Imagicaaworld Ent gains after board OKs to acquire MPIPL for Rs 55 cr
Imagicaaworld Entertainment rose 1.18% to Rs 79.96% after the company’s board approved to acquire 100% stake in Malpani Parks Indore (MPIPL) held by Malpani Parks Private for a total consideration of up to Rs 55...
Craftsman Automation rallies after inking MoU to acquire Sunbeam
Craftsman Automation surged 8.79% to Rs 5,260 after the company announced that it has entered into a memorandum of understanding (MoU) with Sunbeam Lightweighting Solutions Private (Sunbeam) and Kedaara Capital Fund II...
South Korea’s SK Group considers asset sales, mergers as part of overhaul
South Korea’s SK Group plans to hold a two-day strategy meeting starting Friday to discuss streamlining its business to focus on key areas including artificial intelligence, chips and batteries. The group, best...
Board of Swan Energy approves acquisition of balance stake in Triumph Offshore
The Board of Directors of Swan Energy (SEL) at its meeting held on 24 June 2024, have inter alia, considered and approved the acquisition of 26,21,50,000 equity shares of Rs. 10/- each of Triumph Offshore (TOPL)...
Prestige Estates Projects approves $599 million fundraise via stake sale
Prestige Estates Projects said on Friday it will raise 50 billion rupees ($598.6 million) by issuing shares to institutional investors. The Indian real estate developer added its board has approved the monetization of...
Deal activity dips 3% to $5 bn in May, merger and acquisitions down 58%
The overall deal activity declined by 3 per cent to USD 5.023 billion in May compared to USD 5.192 billion in the preceding month of April, a report said on Thursday. The merger and acquisitions plummeted 58 per cent to...
Tata Motors gains after board OKs to set up new subsidiary, approved merger of TMFL with TCL
Tata Motors added 1.92% to Rs 921.50 after the company said that its board has approved to set up a wholly-owned subsidiary namely TML Commercial Vehicles (TMLCVL). TMLCVL is proposed to be incorporated with a paid-up...
