Ajanta Pharma’s promoters are exploring financing options of up to ₹2,000 crore to fund the acquisition of a controlling stake in Restaurant Brands Asia, the India and Indonesia franchisee of Burger King, in a...
Actis ‘Sprngs’ a surprise, enters race to re-acquire co from Shell
Actis LLP has unexpectedly entered the fray to buy Sprng Energy from Shell, seeking to re-acquire the clean energy platform it had set up and subsequently sold to the Anglo-Dutch energy major in 2022, said people with...
Hillhouse set to buy 5% in Quest Global
Asia-focused PE firm Hillhouse Investment Management is set to acquire around 5% of Quest Global, the Carlyle Group-backed engineering services outsourcing company, at an estimated valuation of about $4.5 billion...
NCLT approves merger of Adani-led Ambuja Cements and Sanghi Industries
The proposed merger of Sanghi Industries with Adani-led Ambuja Cements received the National Company Law Tribunal’s green light on Monday. In an exchange filing, Ambuja Cements said the tribunal pronounced its...
Impresario in talks to acquire mid-sized restaurant chains ahead of proposed IPO
Impresario Entertainment & Hospitality, which owns casual dining chains Social, Smoke House Deli, and Mocha, is in talks with about half a dozen mid-sized restaurant chains and cafes for potential acquisitions, and...
NCLT clears Hotel Horizon resolution; NCLAT bars equity creation for now
The National Company Law Tribunal has approved Hotel Horizon’s acquisition by the consortium of Oberoi Realty, Shree Naman Developers and JM Financial Properties and Holdings. The company has admitted liabilities of Rs...
Marico to acquire 75% of Vietnam’s Skinetiq in Rs 261 crore deal
Consumer major Marico on Monday said it will acquire a 75% equity stake in Vietnamese direct-to-consumer (D2C) beauty and personal care company Skinetiq Joint Stock Company for an acquisition cost of Rs 261 crore...
Gravita India to acquire Rashtriya Metal Industries for Rs 800 crore, marking entry into copper alloys
Gravita India Ltd, a leading global recycling company and one of the world’s largest players in lead recycling, has entered into a binding arrangement to acquire Rashtriya Metal Industries Limited (RMIL), India’s oldest...
Uber to acquire delivery business of Turkey’s Getir
Uber said on Monday it agreed to acquire the delivery arm of Turkey’s Getir from Mubadala, its Emirati controlling shareholder, expanding the US-based company’s Turkish footprint. Uber did not give a...
JioStar to merge TV distribution arm IndiaCast
JioStar India, the Reliance Industries-Disney joint venture, will merge its wholly owned television distribution subsidiary, IndiaCast Media Distribution, into the parent company under Section 233 of the Companies Act...
Power Finance acquires 52.63% government stake in REC Limited
In a major move aimed at consolidating public sector non-banking financial companies (NBFCs), Power Finance Corporation Ltd. (PFC) has acquired 52.63% of the government’s holding in REC Limited (REC), effectively making...
PFC-REC merger gets in-principle approval
The board of Power Finance Corporation (PFC) on Friday approved an in-principle merger with REC, taking the Union Budget proposal for restructuring of two of the major public sector non-bank lenders forward. PFC already...
