Billionaire Ranjan Pai-controlled Manipal Hospitals has entered into a definitive agreement with private equity firm Multiples for a 100 per cent acquisition of Bengaluru based Vikram Hospital, making it their tenth...
Chemical firm Rossari Biotech to acquire Unitop Chemicals for Rs 421 crore
Speciality-Chemicals manufacturer Rossari Biotech on Wednesday announced the acquisition of Unitop Chemicals, a supplier of surfactants, emulsifiers, and specialty chemicals, for Rs 421 crore. Rossari will be acquiring...
Edtech startup Avishkaar raises Rs 5 crore of funding in pre-series A
Edtech startup Avishkaar, that focuses on robotics, AI, coding, and app development for children between 5 and 15 years of age through its hardware and software products, raised Rs 5 crore of funding in pre-series A...
Carlyle Group to acquire controlling stake in PNB Housing Finance
Private equity firm Carlyle Group and associates will acquire a controlling stake of over 50 per cent in PNB Housing Finance by investing in the Rs 4,000 crore preferential issue of equity and warrants of the Delhi...
Jaypee Infra case: NBCC, Suraksha get more time to submit final bids
Financial creditors of embattled Jaypee Infratech have decided to give more time to state-owned NBCC and Suraksha group to submit their final bids to acquire the realty firm through the insolvency process. The two-day...
Tata Digital buys majority stake worth $1.31 bn in online grocer BigBasket
Tata Sons has acquired a majority stake in online grocery seller BigBasket, putting the Indian conglomerate in a direct race with e-commerce players Amazon.com Inc, Walmart’s Flipkart and Reliance Industries. The...
Singapore Airlines not to go for M&A, Vistara investments to continue
In a further indication that Singapore Airlines will not join Tata Sons for the bidding of Air India, the company has said that it is not going to go for any merger & acquisition with the fund it has raised and...
PharmEasy acquires Medlife, becomes India’s largest e-pharma company
PharmEasy has acquired Medlife for an undisclosed amount, the e-pharmacy unicorn said on Tuesday. The deal will make PharmEasy the largest player in the domestic online pharmacy sector, with the combined entity set to...
Goldman Sachs buys stake in contract research firm Aragen Life Sciences
Goldman Sachs on Wednesday said it has made an investment in Aragen Life Sciences for a significant minority stake in the contract research organization. It, however, did not disclose the value of the investment...
RIL seeks NCLT nod for shareholder meeting to approve Future group deal
Reliance Industries (RIL) on Wednesday sought permission from the Mumbai bench of the National Company Law Tribunal (NCLT) to hold a shareholders’ meeting to consider and approve the nearly Rs 25,000-crore deal signed...
Gojek to merge with Tokopedia to create $18-bn Indonesia tech giant
Indonesia’s ride-hailing and payments giant Gojek agreed to combine with e-commerce pioneer PT Tokopedia to create the largest internet company in the world’s fourth most-populous nation. The combined entity is set to...
AT&T to create a streaming giant with Discovery by merging media assets
AT&T Inc. is preparing to spin off its media business and merge it with Discovery Inc. in a tax-friendly deal, according to people with knowledge of the matter, a surprise reversal for a company that spent $85...
