State-run Telecommunications Consultants India (TCIL) will shortly finalise the minimum pricing and terms of an offer-for-sale (OFS) to divest 5-10% of its residual stake in Bharti Hexacom. The Union government owns 15%...
Hinduja Tech completes acquisition of TECOSIM Group
Hinduja Tech Ltd has completed the acquisition of Germany-based engineering services provider TECOSIM Group, marking a significant milestone in its vision to be among the top 10 global mobility engineering companies...
Aster DM, Blackstone’s Quality Care announces merger, to be among top 3 hospital chains in India
Aster DM Healthcare and Blackstone-owned hospital platform Quality Care India Ltd (QCIL) on Friday said they have signed definitive agreements for a merger. The merged listed entity will be named as Aster DM Quality...
NODWIN Gaming acquires Trinity Gaming for Rs 24 crore
Gaming and esports company NODWIN Gaming on Friday said it has acquired Trinity Gaming at a valuation of Rs 24 crore. Trinity Gaming serves as a Creator Service Provider (CSP) for Meta and gaming Multi-channel Network...
RIL subsidiary acquires 21% stake in US-based Wavetech Helium for $12 million
Reliance Finance and Investments USA LLC, a step-down wholly owned subsidiary of Reliance Industries has acquired a 21% stake in US-based Wavetech Helium, Inc. for around $12 million (Rs 100 crore), the company said in...
Nykaa acquires majority stake in personal care brand Earth Rhythm
FSN E-Commerce Ventures Limited, the parent company of beauty and fashion retailer Nykaa, has completed the acquisition of a majority stake in clean beauty and personal care brand Earth Rhythm. The company that had...
ZF Group sells 4.3 pc stake in Indian subsidiary for Rs 1,022 crore
German auto component supplier ZF Group on Wednesday divested a 4.32 per cent stake in its Indian subsidiary ZF Commercial Vehicles Control System (CVCS) India for Rs 1,022 crore, according to exchange data. According...
Adani Wilmar said to defer stake sale amid US bribery charges
Adani Enterprises Ltd. and Wilmar International Ltd. are said to delay a proposed sale of at least 12% in their Indian food venture after a US bribery indictment against the billionaire founder Gautam Adani, according...
NCLAT dismisses plea seeking insolvency against Amazon Wholesale
The National Company Law Appellate Tribunal (NCLAT) has set aside a petition seeking to initiate insolvency proceedings against Amazon Wholesale (India). A three-member NCLAT bench upheld the order passed by the...
HUL to demerge ice-cream business into independent entity
Hindustan Unilever (HUL) on Monday said its board has given in-principle approval to demerge its ice cream business into an independent listed entity to create a business with a differentiated operating model and supply...
TPG is said in advanced talks to buy Siemens Gamesa India assets
TPG Inc. is in advanced talks to buy the Indian wind energy assets of Siemens Energy AG’s Gamesa unit, people familiar with the matter said. TPG has emerged as the likeliest buyer after outbidding rivals including...
PAG to acquire Advent-owned Manjushree Technopack
Asia-focused private equity fund PAG will acquire Manjushree Technopack Ltd. India’s largest rigid plastic packaging solution provider. US fund Advent International will sell its majority stake at a valuation of $1...
