Tech entrepreneur Nikhil Kamath and venture debt fund Stride Ventures have acquired significant minority stakes in Streambox Media, a media-tech venture founded by veteran media executive Anuj Gandhi and backed by...
Pact signed for sale of MSTC arm to Japanese firm Konoike Transport
State-run MSTC has signed a share purchase agreement with Japan’s Konoike Transport for the strategic disinvestment of its arm Ferro Scrap Nigam for ₹320 crore, the Department of Investment and Public Asset...
NCLT junks plea against Shapoorji Pallonji
A bankruptcy court in Mumbai has rejected an insolvency application filed against Shapoorji Pallonji & Co by an operational creditor. The Mumbai bench of the National Company Law Tribunal (NCLT) said the Insolvency...
Arihant Academy acquires 51% stake in ZEAL Academy
Coaching institute Arihant Academy on Thursday said it has acquired a 51 per cent stake in Zen Educational and Learning (ZEAL Academy) at a valuation of Rs 17 crore. The acquisition will enable Arihant Academy to expand...
Japan’s MUFG Bank, Koch Group seek CCI nod to acquire minority stakes in Shiprocket
Japan-based MUFG Bank and American conglomerate Koch Group have sought approval from the Competition Commission of India (CCI) to acquire minority stakes in Zomato-backed Shiprocket. The ecommerce enablement platform is...
Mankind Pharma completes Rs 13,768 cr BSV acquisition
Mankind Pharma on Wednesday said it has completed the transaction to acquire Bharat Serums and Vaccines Ltd (BSV), for a consideration of Rs 13,768 crore. This strategic move marks a significant leap for the company...
Manipal HealthMap acquires iGenetic Diagnostics
Manipal HealthMap, the diagnostics arm of Manipal Group, on Tuesday said it has fully acquired Mumbai-based iGenetic Diagnostics for an undisclosed amount. With the acquisition, the company is set to strengthen its...
Mukesh Ambani’s Jio Financial in talks with Allianz for insurance JVs in India post plans to exit Bajaj
Jio Financial Services Ltd., controlled by billionaire Mukesh Ambani, has held talks with Allianz SE to set up an insurance partnership in India as the German firm seeks to scrap two existing joint ventures in the...
Adani Cement takes over CK Birla’s Orient Cement in ₹8,100 cr deal
Adani Cement Tuesday announced the buyout of CK Birla Group’s Orient Cement at an equity value of ₹8,100 crore, intensifying the war for market share in a highly regionalised and freight-intensive building...
BAT to check out of ITC’s demerged hotels business
British American Tobacco Plc (BAT), the single-largest shareholder in ITC, plans to sell its stake in the soon-to-be demerged hotel business of the Indian conglomerate, said chief executive Tadeu Marroco. He said BAT is...
Ambuja to acquire Orient Cement at equity value of Rs 8,100 crore; to make open offer to acquire additional
Ambuja Cement on Tuesday announced that it will acquire 46.8% of Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore with an aim of reaching 100 MTPA cement capacity in FY25 and improving its pan-India market...
Welspun Corp’s subsidiary Sintex-BAPL acquires 100% stake in Weetek Plastics for Rs 85 crores
Welspun Corp Limited part of Welspun Group through its subsidiary Sintex-BAPL Limited has acquired 100% of the equity shares and non-cumulative redeemable preference shares of ‘Weetek Plastics Private Limited’ for an...
