Branded hotel ownership and asset management platform SAMHI announced the completion of execution of the Share Purchase Agreement (“SPA”) for the acquisition of Innmar Tourism and Hotels Private Limited (“ITHPL”). The...
Haldiram’s Stake Sale: Temasek in talks for over $1 bn stake in India’s biggest snack maker
Temasek Holdings Pte. is in talks to buy a minority stake in Haldiram Snacks Pvt Ltd., people familiar with the matter said, a transaction that may value India’s biggest snack maker at about $11 billion. The Singapore...
CCI clears Rs 13,630 cr Mankind Pharma acquisition of Bharat Serums
The Competition Commission of India (CCI) has cleared Mankind Pharma’s acquisition of Bharat Serums and Vaccines in a ₹13,630-crore deal. In a statement on Wednesday, the regulator said: “The proposed...
Qatar Airways to buy 25% Virgin Australia stake, raising heat on Qantas
Qatar Airways will buy a 25% stake in Virgin Australia from U.S. private equity firm Bain Capital, posing a tougher contest for Qantas Airways that has dominated Australian routes and pushed back against giving access...
Supreme Court allows NCLAT to consider NBCC proposal for 17 stalled projects of Supertech Ltd
The Supreme Court on Tuesday allowed the National Company Law Appellate Tribunal (NCLAT) to examine and decide a proposal of the state-owned NBCC seeking to complete embattled realty major Supertech Limited’s 17...
CCI clears Rs 13,630-cr Mankind Pharma-Bharat Serums Vaccines deal
The Competition Commission of India (CCI) on Tuesday approved the proposed acquisition of Bharat Serums and Vaccines by Mankind Pharma for Rs 13,630 crore. Listed firm Mankind Pharma is engaged in developing...
GMR Group inks £43 million deal to acquire Hampshire Cricket team
Infrastructure conglomerate GMR Group has signed a definitive agreement to acquire UK’s Hampshire Sport & Leisure Holdings Ltd (HSLHL), owner of Hampshire Cricket and Utilita Bowl stadium, in a landmark deal...
Dr Lal PathLabs sets sights on big buys to expand in south
Dr Lal PathLabs, India’s largest diagnostic chain, is looking at a potentially large acquisition to increase its foothold in south India. If the asset is of a strategic fit, it could look at a deal size of Rs...
SpaceMantra pulls out resolution plan for Future Lifestyle
SpaceMantra, the winning bidder to take over Kishore Biyani’s retail brand outlet Future Lifestyle Fashions (FLFL), has withdrawn its resolution plan for the company days before lenders overwhelmingly voted for...
IDFC to merge with IDFC FIRST Bank, effective October 1
IDFC Ltd on Friday announced that it will merge into IDFC First Bank effective October 1. This came after the Chennai bench of the National Company Law Tribunal sanctioned the merger scheme on September 25. Post October...
TIGA Investments gets CCI’s clearance to acquire stake in Dream11
The Competition Commission of India (CCI) has granted nod to Singapore-based TIGA Investments’ proposal to acquire a stake in Dream11’s parent company Dream Sports Inc. The deal was cleared by CCI under the...
Authum Investment, Mahi Madhusudan Kela to acquire 46.85% stake in Prataap Snacks
Authum Investment & Infrastructure and Mahi Madhusudan Kela will acquire a 46.85 per cent stake in Prataap Snacks, which operates the snack brand Yellow Diamond and sweet snacks brand Rich Feast. The company has...
