Appellate tribunal NCLAT has rejected a plea against Voltas, which sought to initiate insolvency proceedings against the Tata Group firm by one of its operational creditors. A two-member NCLAT bench has upheld the...
Lupin Pharma, TPG Capital & EQT in talks to acquire Lalvani family-owned Vitabiotics
Indian drugmaker Lupin and a clutch of private equity investors including EQT Partners and TPG Capital are in separate early-stage discussions to acquire UK’s largest nutraceutical company, Vitabiotics, people aware of...
Whirlpool offloads 11.2% stake in Indian unit through bulk deals
American appliance manufacturer Whirlpool Corp on Thursday sold an 11.2% stake in its Indian listed unit, Whirlpool of India, through bulk deals as part of a plan to reduce its shareholding to around 20% from 51%...
CarTrade, CarDekho parent end acquisition talks
Auto marketplace CarTrade Tech has ended discussions with Girnar Software to acquire CarDekho and BikeDekho, its automotive classified businesses. “We wish to inform you that the parties have mutually decided not to...
Hong Kong firm to acquire 25% stake in Pro Fin Capital Services
Hong Kong-based Excellence Creative plans to acquire a 25 per cent equity share capital in Pro Fin Capital Services at a price of Rs 22 per share. The Board of Directors of Pro Fin Capital Services, a company engaged in...
Vertoz to acquire marketing automation firm Webimax
MadTech and cloudtech company Vertoz on Wednesday said it has signed a definitive agreement to acquire 100 per cent stake of marketing automation company Webimax Llc at an enterprise value of USD 6.6 million (around Rs...
Kauvery Hospitals’ promoters look to buy back 5% stake from Lightrock
Promoters of Sri Kauvery Medical Care (India) (Kauvery Hospitals), a leading multispecialty hospital chain in Tamil Nadu, are in advanced talks to buy back around 5% stake from existing investor Lightrock, said people...
Small and mid-sized law firms rush to merge for scale
A wave of mergers is sweeping small and mid-sized law firms across India as they seek to gain scale with clients increasingly expecting multi-disciplinary capability, cross-border advisory support and deep expertise...
NDL Ventures board approves merger of Hinduja Leyland Finance into NDL Ventures
NDL Ventures Limited (formerly NXTDIGITAL Limited) on Wednesday said its Board of Directors has unanimously approved the Scheme of Merger by Absorption of Hinduja Leyland Finance Limited (HLFL) into the company. The...
Lord’s Mark Industries acquires 85% stake in Renalyx to scale indigenous dialysis technology
Lord’s Mark Industries Ltd., a diversified healthcare and technology-led group, announced the acquisition of an 85% stake in Renalyx Health Systems Private Limited, the Bengaluru-based med-tech innovator behind India’s...
TalentPro India Acquires PSN Supply Chain Solutions, Strengthening Its Nationwide Staffing Capabilities
TalentPro India, a leading provider of staffing, payroll, and compliance management solutions, today announced the acquisition of PSN SupplyChain Solutions Pvt. Ltd. — a Mumbai-based specialist in supply chain...
Baby Memorial Hospital front-runner for Star Hospitals, Fortis also in fray
Baby Memorial Hospital, backed by KKR, has emerged the front-runner to acquire Hyderabad-based Star Hospitals in a closely fought contest, said people familiar with the development. It is said to have offered ₹2,500...
