JSW Renewable Energy Coated Limited, a wholly-owned subsidiary of JSW Neo Energy Limited will acquire 45 MW of Renewable Energy generation capacity from Reliance Power Limited for Rs 132 crore, the company said on...
Kedaara acquires Ice cream maker Dairy Day
Homegrown PE fund Kedaara Capital has acquired a majority stake in Dairy Classic Ice Creams (Dairy Day), a leading ice cream brand in South India. The Rs 1200-crore ($150-million) investment will also provide full exit...
Siemens to acquire drive technology division from ebm-papst
Siemens plans to acquire ebm-papst’s industrial drive technology division as the German conglomerate seeks to expand it factory automation business, both firms said on Thursday. Germany-based ebm-papst, which...
Wilmington moves NCLAT in SpiceJet insolvency case
Wilmington Trust SP Services, Thursday, argued before the National Company Law Appellate Tribunal on Thursday to overturn the National Company Law Tribunal, Delhi’s January order dismissing its insolvency petition...
Hindustan Zinc may put off demerger
Hindustan Zinc Ltd (HZL) could put on hold its restructuring plan to create two separate entities for now after the government, which owns a 29.54% stake in the miner, resisted that bid. In a letter to the mines...
TCIL to sell 15% stake in Bharti Hexacom
Telecommunications Consultants India Limited (TCIL) plans to sell its stake in Bharti Hexacom in two tranches of 15% each, to meet a target set out by the Centre. “We are going ahead as per the strategy, to meet...
Planetcast acquires Australia’s Switch Media
Apollo Global Management-backed Indian media tech company Planetcast Media Services has acquired Australia’s Switch Media, a white-label OTT platform provider in Asia-Pacific, Europe, and the US. As per the...
Hinduja company taps Japanese banks to fund Reliance Capital buy
Hinduja group company IndusInd International Holdings Limited (IIHL) has approached Japanese banks to raise up to ₹8,000 crore to finance a bid for Reliance Capital, formerly promoted by Anil Ambani, ahead of the May 27...
Future Enterprises gets bids for manufacturing units, insurance biz
Central Bank of India and Mumbai based M Pallonji & Co are the two bidders for Future Enterprises’ insurance business offering Rs 450 crore and Rs 300 crore respectively, two people familiar with the process said...
Omkara ARC acquires Park Hyatt Hyderabad’s bad loans at 34% discount
Manish Lalwani-promoted Omkara ARC has acquired Park Hyatt Hyderabad’s loans for ₹300 crore from lenders at a 34% discount from sellers that included BlackRock and JM Financial. The all-cash deal involved Omkara...
Aster DM in final stage of Gulf business sale
Aster DM Healthcare on Wednesday said that the separation of its Indian and Gulf (GCC) businesses, and the proposed investment in its GCC business by an investor group led by UAE-based PE firm Fajr Capital, is in the...
CCI approves Ultratech’s acquisition of Kesoram’s cement unit
The Competition Commission of India (CCI) has approved UltraTech’s acquisition of the cement business of Kesoram Industries and also the purchase of a certain stake of Shriram Investment Holdings Private Ltd by Shriram...