A JSW Steel joint venture with Japan’s JFE Steel Corp will fully acquire Thyssenkrupp Electrical Steel (TKES) India for ₹4,051.40 crore. The 50:50 joint venture between the two steelmakers is also looking at...
HCCB Fund Fact: Bhartias in talks with global investors for ₹12,500 cr acquisition of Coca-Cola’s bottling
The promoters of the Jubilant Bhartia Group, brothers Shyam and Hari Bhartia, are in discussions with alternative asset managers, mutual funds and foreign banks to raise as much as ₹12,500 crore ($1.5 billion) for the...
Jindal Group in talks to acquire Czech-based Vitkovice Steel for 150 mn euros
To strengthen its global presence, homegrown Jindal Group is talks with Vitkovice Steel to acquire 100 per cent stake in the Czech-based company. The group is expected to complete the acquisition by the end of this...
Reliance forms joint venture with Mothercare
India’s leading retailer Reliance Retail Ventures Ltd on Thursday announced to form joint venture with Mothercare plc, a global specialist in products for parents and young children. Reliance Brands Holding UK...
CIEL HR Services acquires talent assessment firm Thomas Assessment
CIEL HR Services, an executive services and technology-driven HR solutions firm, has announced the acquisition of talent assessment company Thomas Assessment Pvt Ltd (TAPL), a provider of psychometric and behavioural...
SeaLink, promoter plan to sell majority stake in Surya Hospital
Private equity firm SeaLink Capital Partners and the promoter of Surya Children’s Medicare are looking to sell a majority stake in western India’s largest children’s hospital chain, said people aware...
Bikaji Foods acquires 53% stake in Hazelnut Factory for Rs 131 crore; to compete in QSR space
Ethnic snacks maker Bikaji Foods International Ltd has acquired majority 53.02% stake for Rs 131 crore in Lucknow-based cafe and artisanal sweets chain Hazelnut Factory Food Products Private Ltd through its wholly-owned...
Adani Power, Jindal Power, Vedanta, four others in race for Sinnar thermal plant
India’s largest private sector power producer Adani Power Ltd, Naveen Jindal’s Jindal Power Ltd, commodities company Vedanta Group, Kolkata-based Orissa Metaliks Pvt Ltd and Varde Partners’ Singapore...
Marengo Asia eyes rights issue, stake sale to fund growth
Multi-specialty hospital platform Marengo Asia Healthcare is exploring a rights issue and the possibility of roping in an external investor as it looks to expand bed capacity to 3,000 by the end of 2026, a top executive...
IBM acquires Bengaluru SaaS firm Prescinto for renewables business
Global software maker IBM has announced the acquisition of Bengaluru-based Prescinto Technologies (Prescinto), a solar monitoring and analytics platform that provides asset performance management (APM) software-as-a...
Adani Energy Solutions acquires 2 SPVs from PFCCL
Adani Energy Solutions Ltd (AESL) on Tuesday said it has acquired two project special purpose vehicles from PFC Consulting Ltd for cash consideration of about Rs 38 crore. In two separate BSE filings, AESL stated that...
Cipla, Alkem Laboratories in final lap to buy SMT
Drugmakers Cipla and Alkem Laboratories have emerged as the frontrunners to acquire a controlling stake in Sahajanand Medical Technologies (SMT), India’s largest cardiac stent maker, said people in the know. This...
