Hindustan Unilever Limited (HUL) said it will acquire the remaining 49% stake in Zywie Ventures Private Limited, which sells OZiva for Rs 824 crore and sold its 19.8% minority stake in Wellbeing brand maker...
Playbook Partners buys 5% in Subway India for Rs 130 crore
Playbook Partners India, a growth-stage venture capital firm founded by former Reliance Jio executive Vikas Choudhury, has acquired about a 5% stake in quick-service restaurant (QSR) chain Subway India for about...
USV Pharma leads race to buy 85% stake in Wellbeing Nutrition at Rs 1,600 crore valuation
USV Pharma has emerged as the frontrunner for acquiring an 85% stake in Wellbeing Nutrition, valuing the direct-to-consumer supplements brand at about Rs 1,600 crore, said people familiar with the discussions. The...
Canara Bank invites bids to sell ₹577-cr Supreme Housing loan
Canara Bank has invited offers from financial institutions and asset reconstruction companies (ARCs) to sell its ₹577 crore debt of real estate company Supreme Housing and Hospitality at a reserve price of ₹500 crore...
RBI clears ICICI Prudential to buy 9.95% stake in IDFC First Bank
IDFC FIRST Bank Limited on Wednesday informed the exchanges that it has received regulatory approval from the Reserve Bank of India (RBI) permitting ICICI Prudential Asset Management Company Limited, along with entities...
PFC-REC merger may take a ‘preferential’ route to keep government company tag
The proposed union of Power Finance Corp (PFC) and REC could include a preferential allotment of shares to the Centre as part of the merger scheme, to ensure the combined entity can retain its government company tag...
Carlyle to acquire majority stake in Edelweiss’ Nido Home Finance
Global private equity firm Carlyle Group will acquire a strategic majority stake in its housing finance arm, Nido Home Finance, for Rs 2,100 crore, Edelweiss Financial Services Limited said on Tuesday. According to...
Norwest-backed SILA buys SMS Integrated Facility Services in Rs 270 crore deal
Norwest Venture Partners-backed real estate and business services platform SILA has acquired a 100% stake in SMS Integrated Facility Services from private equity firm Samara Capital in an all-cash transaction valued at...
Happiest Minds’ Ashok Soota shrugs off stake sale reports
Happiest Minds’ founder and chairman Ashok Soota said on Tuesday that he was “very much in charge” at the mid-cap IT firm, amid media reports that he was exploring a stake sale. “There is nothing more important than the...
Warburg-Mubadala team up, emerge as frontrunner for Encube
A consortium of Warburg Pincus and Abu Dhabi sovereign wealth fund Mubadala has emerged as the frontrunner to acquire a majority stake of up to 74% in Mumbai-based Encube Ethicals, a generics and pharmaceutical contract...
Chili’s Grill & Bar operator in talks to sell minority stake at ₹800 crore valuation
Trimex Foods, which operates global cafe and restaurant brands Chili’s Grill & Bar, Cinnabon and Paul Bakery in India, has mandated EY to sell a minority stake, people aware of the development said. They are in...
Govt launches OFS to divest up to 5% in BHEL
The government has launched an Offer for Sale (OFS) to sell up to a 5% stake in Bharat Heavy Electricals (BHEL). Under the offer, the Centre will first sell a 3% stake, with an option to sell an additional 2% if the...
