Tech tycoon Azim Premji’s global investment arm, Manipal Group Chief Ranjan Pai’s family office and 360 ONE Asset have sought approval from fair trade regulator CCI to acquire stakes in domestic carrier...
Yuma Energy acquires Chennai-based Grinntech to boost battery solutions
Yuma Energy, a Battery-as-Service (BaaS) firm, on Thursday announced the acquisition of Chennai-based energy storage solutions start-up Grinntech Motors & Services for an undisclosed sum. Integrating...
Nexus Select Trust to acquire Ludhiana mall, hotel for Rs 490 crore
The board of directors of Nexus Select Mall Management, manager to listed Real Estate Investment Trust (REIT) Nexus Select Trust has approved the acquisition of an operational mall and a hotel in Ludhiana for an...
NCLT approves Rs 6,000 crore sale of Chenani Nashri Tunnelway to Cube Highways
The National Company Law Tribunal (NCLT) has approved the sale of Chenani Nashri Tunnelway (CNTL), owned by IL&FS Transportation Networks, to Cube Highways and Infrastructure II, clearing the sale of the large asset...
DNEG’s Brahma acquires Metaphysic, values company at $1.43 billion
DNEG’s Brahma, a subsidiary of Prime Focus, has acquired Metaphysic, a developer of AI-driven content creation technology, in a deal that values Brahma at $1.43 billion. With this acquisition, Brahma aims to develop new...
Competition Commission clears merger of two entities into Svatantra Microfin
The Competition Commission of India on Tuesday cleared a proposed combination involving the merger of Chaitanya India Fin Credit and Svatantra Holdings into Ananya Birla-led Svatantra Microfin. “The proposed...
Merger & Acquisition rules for small cos may be relaxed to ease compliance
The ministries of micro, small and medium enterprises (MSME) and corporate affairs are weighing proposals to relax merger and acquisition (M&A) rules for smaller enterprises to push them to gain scale and reduce...
JSW Energy to await CCI clearances before acquiring KSK Mahanadi Power following SC ruling
JSW Energy will wait for all regulatory clearances before committing acquisition funds for KSK Mahanadi Power and is seeking legal opinion on the subject as it awaits the anti-trust watchdog’s nod for its debt...
CCI clears Nippon Steel, JFE Steel’s proposal to collectively acquire stakes in Australian coal mine
Fair trade regulator CCI on Tuesday said it has approved a proposal of Japanese steelmakers Nippon Steel and JFE Steel to collectively acquire a 30 per cent stake in Queensland’s Blackwater coal mine. “The...
Valor Estate plans business realignment with non-core divestment, hospitality demerger
Realty developer Valor Estate is undertaking a realignment of its business portfolio by divesting non-core assets, hiving off its hospitality business, and improving capital allocation for high-priority projects...
NextLeap Acquires PM School to expand product management education in India
NextLeap, a Bengaluru-based workforce skilling platform helping professionals transition into technology roles, has acquired PM School, a product management education provider. This acquisition aims at strengthening...
360 ONE Asset to acquire 15% stake in Bharti AXA Life Insurance
360 ONE Asset today is set to acquire a 15% stake in Bharti AXA Life Insurance as part of a strategic investment and this is expected to unlock new avenues for innovation and expand Bharti AXA’s footprint in India’s...
