Apollo Hospitals Enterprise’s ongoing restructuring to spin off its pharmacy and digital health business was a purely board-driven decision to sharpen strategic focus and create shareholder value, Suneeta Reddy...
Ykone, BarCode, Mirror Mirror merge to form integrated group One
Global influencer marketing company Ykone has merged with Paris-based creative production house Mirror Mirror to form a new integrated group called One, strengthening its creative, technology and media capabilities, the...
NIIF, KKR, Sembcorp vie to acquire Shell’s Sprng Energy in one of India’s biggest renewable M&A deals
India’s National Investment and Infrastructure Fund (NIIF), KKR and Sembcorp are locked in a tight race to acquire renewable energy supplier Sprng Energy from oil major Shell Plc, according to people in the know. Shell...
Xponentia buys stake in travel services company ASEGO
ASEGO Global Assistance, which provides travel assistance and insurance solutions, has sold a significant minority stake to mid-market private equity firm Xponentia Capital, the company said. People familiar with the...
Thyssenkrupp weighs phased sale of TKSE to Jindal Steel International, sources say
Germany’s Thyssenkrupp could sell its steel division to India’s Jindal Steel International in several steps, four people familiar with the talks said, as the two sides try to strike a deal for the complex...
CCI okays Nippon Steel’s proposal to acquire 53.4% stake in Krosaki Harima Corp
The Competition Commission of India (CCI) on Tuesday approved Japanese steelmaker Nippon Steel Corporation’s proposal to acquire the remaining 53.4 per cent stake in Krosaki Harima Corporation. Nippon Steel holds...
Annapurna snaps up 75% stake in Andri Agro
Packaged food manufacturer Annapurna Swadisht Ltd on Tuesday announced that it would acquire a majority stake in West Bengal-based Andri Agro Foods Pvt Ltd for a total enterprise value of Rs 15 crore. The company has...
Cars24 acquires vehicle information management startup CarInfo in Rs 400 crore deal
SoftBank-backed used car platform Cars24 announced the acquisition of Delhi-based vehicle information management startup CarInfo. Financial details of the transaction were not disclosed. People in the know pegged the...
Universal Music acquires 30% stake in Excel Entertainment
In one of the largest deals in the Indian film entertainment business, the India unit of Universal Music Group (UMG), world’s largest music label, has acquired a 30% stake in Farhan Akhtar and Ritesh...
NTPC in talks to buy minority stake in US-based nuclear tech firm CCTE
NTPC is in talks to buy a minority stake in US-based nuclear fuel technology company Clean Core Thorium Energy (CCTE), the state-owned firm said on Friday. In a reply to a BSE query, NTPC said it continuously explores...
Arugn Tech gets MIB nod to buy AION Capital’s stake in Planetcast Media
The Ministry of Information and Broadcasting (MIB) has approved Arugn Technologies’ proposal to acquire Apollo Global-backed AION Capital’s stake in teleport operator Planetcast Media, marking a significant...
Devyani & Sapphire to merge, form QSR giant
Devyani International and Sapphire Foods India, which operate KFC and Pizza Hut quick service chains in India, are merging operations to create the country’s largest single quick-service restaurant (QSR) entity...
