Medi Assist, India’s largest third-party administrator (TPA) on Monday said its wholly-owned subsidiary Medi Assist TPA has signed definitive agreement to acquire FairFax Asia-backed Paramount TPA for Rs 311.8...
Blackstone, GIC among 10 bidders in fray for LOGOS India’s three assets
Global institutional investors including private equity major Blackstone Group, Singapore’s sovereign wealth fund GIC and Japanese shipping major Mitsui OSK Lines have bid to acquire LOGOS India’s select...
Vistara-Air India Merger: Final FDI approval expected soon, merger likely after Diwali
The much-anticipated merger of Vistara into Air India is set to move forward with the final approval for foreign direct investment (FDI) from Singapore Airlines (SIA) expected as soon as Saturday. This approval will...
Zydus Lifesciences acquires 50% stake in Sterling Biotech
Zydus Lifesciences said it has entered into an agreement with Temasek-backed Perfect Day to acquire a 50 percent stake in Sterling Biotech. Post the transaction, Sterling Biotech will become a 50:50 joint venture (JV)...
No plan to sell stake now: Punjab Kings’ Burman
Indian Premier League (IPL) team Punjab Kings majority owner Mohit Burman, embroiled in an ownership conflict with co-owner Preity Zinta, said he would meet all requirements whenever he decides to partly sell his stake...
Reliance Capital lenders move NCLAT over IIHL’s payment delay
The secured lenders of Reliance Capital have moved the National Company Law Appellate Tribunal seeking to modify the tribunal’s order to include interest on the delayed payment by Hinduja Group-owned IndusInd...
Adani entity sells 2.76% in Ambuja Cement for Rs 4,251 crore
Billionaire Gautam Adani’s entity sold around 2.76% stake in Ambuja Cements on Friday through an open market transaction, raising Rs 4,251 crore. According to NSE bulk deal data, Holderind Investments, an Adani...
Bikaji acquires 55% stake in Ujjain-based Ariba Foods
Indian snacks manufacturer Bikaji Foods International announced on Friday that it has acquired a 55% stake in Ujjain-based snacks and frozen foods company, Ariba Foods Private Limited for Rs 60.49 crore. Deepak Agarwal...
HDFC Bank rejects MUFG’s $2 billion cheque for NBFC arm
The largest foreign direct investment (FDI) proposal in financial services in the country—involving the biggest banks in Japan and India by market capitalisation—is now dead. The board of HDFC Bank on Wednesday rejected...
CCI nod sought for merger of Tata Motors Finance with Tata Capital
Tata Capital Ltd (TCL) has sought the Competition Commission of India’s (CCI) approval for its proposal to absorb Tata Motors Finance Ltd (TMFL). In a filing with the antitrust regulator last week, the company...
Asia Opportunities V sells 3% stake in PNB Housing for Rs 676 crore
Asia Opportunities V (Mauritius) on Thursday offloaded a 3 per cent stake in PNB Housing Finance for over Rs 676 crore in an open market transaction, while the Government of Singapore purchased 16 lakh shares in PNB...
Adanis sell Rs 4,200 crore worth stake in Ambuja Cements, stock up 4%
Billionaire Gautam Adani-led conglomerate on Friday sold around 2.8% stake in Adani Group firm Ambuja Cements in a pre-market block deal valued at around Rs 4,200 crore. The cement stock, which is up about 22% so far in...
