JK Tyre and Industry Ltd board on Monday approved the merger plan of Cavendish Industries Ltd, said the company in a press release. The company said the amalgamation would result in all the businesses being housed in...
Samvardhana Motherson Intl to acquire 11% stake in Israel’s REE Automotive for $15 mn
Auto components major Samvardhana Motherson International Ltd on Monday said it will acquire 11 per cent stake in Israel’s REE Automotive Ltd for up to USD 15 million. Samvardhana Motherson International Ltd...
Adani, Wilmar to start stake sale in joint venture next month
Adani Enterprises Ltd. and Wilmar International Ltd. are expected to start the sale of a minority stake in their consumer joint venture Adani Wilmar Ltd. as early as next month to abide by shareholding regulations...
Toyam Sports acquires Legends League Cricket’s Hyderabad team
Toyam Sports has acquired the Suresh Raina-led Hyderabad franchise in the Legends League Cricket (LLC) for an undisclosed amount. Toyam Sports is a publicly listed company involved in sports production, promotion, and...
Lumax to acquire majority stake in Greenfuel Energy Solutions
Lumax Auto Technologies on Saturday said it has inked a pact to acquire a majority stake in Greenfuel Energy Solutions from its existing shareholders for an undisclosed amount. The proposed acquisition will enable the...
NCLT withdraws nod given earlier for merger of Zee and Sony entities
The National Company Law Tribunal (NCLT) has withdrawn its approval for the merger scheme between Zee Entertainment Enterprises and Sony Group Corporation’s India media entities, Culver Max Entertainment and...
Reliance Capital Insolvency: NCLAT notice to IIHL on CoC plea for interest for extended time & forfeiture
The NCLAT on Friday issued a notice to IndusInd International Holdings Ltd (IIHL) over a plea filed by lenders of Reliance Capital (RCap) seeking interest on payment for the extended period for the upfront payment by...
Max Healthcare acquires Jaypee Healthcare under IBC
Max Healthcare said it has entered into a strategic agreement with Lakshdeep Group to acquire controlling stake in Jaypee Healthcare which is undergoing Corporate Insolvency Resolution Process (CIRP). The acquisition is...
Temasek arm pares 1.4% stake in Godrej Agrovet for over Rs 212 crore
V-Sciences Investments, an arm of Temasek Holdings, on Friday divested a 1.4 per cent stake in Godrej Agrovet for more than Rs 212 crore through an open market transaction. Temasek Holdings is a state-owned...
Torrent reaches deal to acquire majority stake in IPL franchise Gujarat Titans
Ahmedabad-based Torrent Group has reached an understanding with European private equity major CVC Capital Partners to acquire a majority stake in the Indian Premier League (IPL) franchise Gujarat Titans after the...
Fintech lending platform Moneyview acquires fintech startup Jify; attains unicorn status
Bengaluru-based fintech lending platform Moneyview has acquired fintech startup Jify in a share swap arrangement. Through the deal, Jify’s two major investors Accel India and Nexus Venture Partners got 60.2 lakh shares...
Blackstone is said to consider sale of $7 billion visa firm VFS
Blackstone Inc. is considering options including a sale of its majority stake in visa outsourcing and technology services firm VFS Global after receiving interest from prospective investors, people familiar with the...
