Gurugram-based online travel platform Ixigo has acquired a 55% stake in hotel-booking brand Brevistay for Rs 66 crore, the company said in a statement on Friday. Ixigo, which went public in 2024, said it may increase...
Economic Times
Inox Clean Energy buys Vena’s India energy business for Rs 6,000 crore
Inox Clean Energy, the renewable energy platform of the INOXGFL Group, said on Thursday it has signed a definitive agreement to acquire Vena Energy India’s 6 GW renewable energy portfolio. Financial terms of the...
Wipro to acquire additional 20% stake in insurtech firm Aggne Global for $28.5 million
Wipro Ltd announced on Monday that it will purchase an additional 20% stake in the US-based insurtech firm Aggne Global Inc in an all-cash deal valued at $28.5 million. The transaction comes more than two years after...
Scripbox acquires wealth manager Bluechip Capital to expand offerings
Bengaluru-based wealth management startup Scripbox has acquired New Delhi-based wealth management firm Bluechip Capital, the company said in a note on Monday. The acquisition will help Scripbox expand its client base...
Axis Bank hikes stake in Axis Max Life Insurance to 19.9%
Private lender Axis Bank on Monday said it has raised its stake in Axis Max Life Insurance Company to 19.9 per cent. Based on approval granted by the Acquisitions, Divestments and Merger Committee of the board of...
Warburg, KKR, TPG among PE giants vying for 25% stake in Cloudnine
Global private equity firms Warburg Pincus, KKR, TPG Capital, Advent International, CVC Capital Partners, and Permira, along with homegrown Kedaara Capital are in the race to acquire a 25% stake in Cloudnine...
GQG Partners sells 1.8% stake in GMR Airports for Rs 1,906 crore; Fidelity buys holding
US-based investment firm GQG Partners on Wednesday sold a 1.8 per cent stake in airports operator GMR Airports to Fidelity International for Rs 1,906 crore through open market transactions. Rajiv Jain-backed GQG...
Cyient to acquire Tao Digital in $218 million all-cash deal
Mid-tier engineering services provider Cyient has said it will acquire US-based Tao Digital Solutions Inc in a $218-million all-cash transaction as it looks to expand its data, AI, and digital engineering capabilities...
PB Fintech founders Yashish Dahiya, Alok Bansal sell 0.8% stake worth Rs 665 crore
Yashish Dahiya and Alok Bansal, founders of Policybazaar parent PB Fintech, together sold a 0.8% stake in the company for Rs 665 crore, according to information disclosed on the National Stock Exchange. Dahiya, chairman...
Yatra founders explore stake sale as consolidation buzz swirls in online travel
Travel portal Yatra Online’s founders have opened discussions to sell a controlling stake with feelers having been sent to competitors and other potential buyers, people aware of the development said. The...
China’s SAIC to sell another 10% stake in Indian car venture to local partner JSW – sources
China’s SAIC Motor will sell a further 10% stake in its Indian carmaking venture, JSW MG Motor, two sources with direct knowledge of the matter told Reuters, in a deal that will make local partner JSW the biggest...
IndiGo approves $450 million plan to acquire aircraft, engines
InterGlobe Aviation, the parent company of IndiGo, announced on Friday that it has approved a plan to deploy up to $450 million to support the acquisition of aircraft, engines and other aviation assets, as the airline...
