The National Company Law Tribunal (NCLT) has approved a capital reduction proposal of Mahindra Homes, a subsidiary of Mahindra Group’s real estate and infrastructure development company Mahindra Lifespace Developers...
TCIL may sell 15% stake in Bharti Hexacom in two or more tranches
State-run Telecommunication Consultants India Limited (TCIL) is likely to sell its remaining 15% share in Bharti Hexacom in multiple tranches for a windfall income. “The government is considering selling out 15%...
Adani Energy Solutions signs pact to acquire 100 pc stake in Pune- III Transmission
Adani Energy Solutions Ltd (AESL) on Wednesday said it has signed a pact with PFC Consulting Ltd for acquisition of a project special purpose vehicle – Pune- III Transmission Ltd. The Pune- III Transmission...
Bharti Global completes acquisition of 24.5% stake in BT Group
Bharti Global, the international investment arm of Bharti Enterprises, has completed the acquisition of 24.5% stake in UK’s BT Group plc, marking the Sunil Mittal-led company’s second major international foray after...
SKFS acquires Mirah Hospitality to grow its food services business pan-India
Food services and hospitality company SKFS Group is acquiring 100% equity in Mirah Hospitality & Gourmet – which owns restaurant brands Rajdhani, Bayroute and Hitchki – for Rs 80 crore. “We are looking to scale up...
SKFS acquires Mirah Hospitality to grow its food services business pan-India
Food services and hospitality company SKFS Group is acquiring 100% equity in Mirah Hospitality & Gourmet-which owns restaurant brands Rajdhani, Bayroute and Hitchki-for ₹80 crore. “We are looking to scale up...
Murugappa to buy Germany’s Hubergroup; acquisition at an enterprise value of $310 million
Chennai-based Murugappa Group has signed a deal to acquire German specialty chemicals firm Hubergroup for an enterprise value of $310 million, a move that will help it expand in the global print and packaging sector...
Merger concludes! Viacom18-Star India valued at Rs 70,000 cr
India’s largest merger and acquisition deal in the media and entertainment (M&E) sector has concluded, with the merger of Viacom18’s TV and digital businesses into Star India securing all necessary...
Blackstone eyes 20% stake in Haldiram’s snacks at $8 billion valuation, sources say
Blackstone has dropped plans to acquire a majority stake in the snacks business of India’s Haldiram’s but is now discussing purchase of a 20% stake at a valuation of $8 billion, which is still a sticking...
Samara Capital-backed Agro Tech Foods to acquire Del Monte Foods from Bharti Enterprises
Private equity firm Samara Capital and Convergent Finance backed Agro Tech Foods Limited (ATFL), on Thursday announced it is set to acquire Del Monte Foods Private Limited (DMFPL), a joint venture between the Bharti...
India Glycols partners Amrut Distilleries, plans to demerge spirits biz
India Glycols Ltd, which on Wednesday announced a partnership with Bengaluru-based Amrut Distilleries, is mulling a demerger of its spirits business and subsequently listing on the exchanges, company officials said. The...
Tata Communications divests 100% stake in ATM biz for Rs 330 cr
Tata Communications is set to divest its entire 100% stake to Transaction Solutions International (India) (TSI), a company majority-owned by Australia’s digital payments and financial services provider, Findi. The deal...
