Welspun Mauritius Holdings Limited (WMHL) has divested a 5 per cent equity stake in East Pipes Integrated Company for Industry (EPIC) for an overall consideration of 218.9 million Saudi Riyal (about Rs 480 crore). EPIC...
Japan’s biggest bank looking for acquisition targets in booming India
Mitsubishi UFJ Financial Group Inc. is bullish on India, where it’s actively looking for acquisition targets that will help boost its presence in the world’s most populous nation. The goal for Japan’s largest lender is...
TA Associates to acquire majority stake in Vee Healthtek for $250 m
US private equity fund, TA Associates, will acquire the Bengaluru- and US-based revenue cycle management (RCM) services provider Vee Healthtek for $250 million (about Rs 2100 crore), said sources aware of the...
Tata Power acquires Paradeep Transmission for Rs 18.64 crore
Tata Power on Thursday said it has acquired 100 per cent stake in Paradeep Transmission Ltd, a special purpose vehicle (SPV), for Rs 18.64 crore. The acquisition process was completed on November 6, 2024, the company...
Jet, set, no: Supreme Court orders liquidation of Jet Airways
Jet Airways won’t be returning to the skies. The Supreme Court has ordered liquidation of the grounded carrier, after a consortium of UK-based Kalrock Capital and the UAE-based entrepreneur, Murari Lal Jalan...
Macrotech Developers to buy out Bain Capital’s stake in 3 joint entities
Realty developer Lodha, listed as Macrotech Developers, has entered into agreements for acquisition of the stake held by Bain Capital in its three different joint entities under the Digital Infrastructure Platform for...
NTPC, ONGC may join hands to acquire Ayana
NTPC Ltd may join ONGC as an equal partner in the latter’s bid to acquire Ayana Renewable Power, according to the people with knowledge of the matter. Oil and Natural Gas Corporation (ONGC) has emerged as the...
OmniActive Health acquires botanical ingredients company ENovate Biolife
OmniActive Health Technologies, the Mumbai-based nutraceutical maker backed by PE firm TA Associates on Thursday said it has acquired ENovate Biolife, a developer of proprietary, clinically researched botanical...
Bharti Telecom hikes stake in Airtel to 40.33%
Bharti Telecom Ltd (BTL), the key promoter company of Bharti Airtel, has increased its stake in the Sunil Mittal-led telco to 40.33% by acquiring an additional 1.2% from another Airtel promoter group entity, Indian...
KKR, Singtel gets Competition Commission’s approval to acquire stake in STT GDC
The Competition Commission of India (CCI) on Tuesday cleared KKR-affiliate Ruby Asia Holdings II and Singtel’s proposal to acquire a stake in STT GDC. ST Telemedia Global Data Centres (STT GDC) is a wholly-owned...
Everstone puts off plan to sell stake in Restaurant Brands Asia
Everstone Capital has put on hold plans to sell its 13.17% holding in Restaurant Brands Asia (previously Burger King India) after deal talks with Advent International and General Atlantic did not go through and no new...
L&T to acquire 21% stake in AI cloud provider E2E Networks
Larsen & Toubro is buying a 21% stake in E2E Networks, an artificial intelligence (AI) cloud provider, in a Rs 1,327-crore all-cash transaction. In a two-part deal, L&T proposes to acquire a total of 4.17...
