The Centre will divest up to 3% stake in Indian Overseas Bank (IOB) through an offer for sale (OFS) that opens on Wednesday, December 17. The government plans to offload up to a 2% stake, or 38,51,31,796 equity shares...
Ola Electric’s Bhavish Aggarwal to sell 2.8% stake to clear pledged shares; promoter group holding to slip to
Ola Electric founder and promoter Bhavish Aggarwal will offload a 2.78% stake in the company over the next few days to release 3.93% of shares he had pledged to raise a promoter-level loan of Rs 260 crore. The first...
HDFC Bank gets approval to acquire up to 9.5% stake in IndusInd Bank
HDFC Bank has received approval from the Reserve Bank of India (RBI) to allow its group entities to hold up to 9.50% stake in IndusInd Bank. The approval was granted through a letter dated December 15, and will remain...
Tether’s $1.1 billion proposal to acquire Juventus Football Club pits new vs old
Tether Holdings SA’s offer to acquire Juventus Football Club pits a fast-growing crypto powerhouse against a more than century-old Italian industrial dynasty. The crypto firm’s all-cash proposal to buy Exor...
SaaS firm Wingify acquires Blitzllama to push AI-led user research
Software as a service (SaaS) firm Wingify, which operates the experience optimisation platform VWO, announced the acquisition of Blitzllama, an AI-powered user insights platform that helps businesses capture and analyse...
Nvidia buys AI software provider SchedMD to expand open-source AI push
Nvidia said on Monday it acquired AI software firm SchedMD, as the chip designer doubles down on open-source technology and steps up investments in the artificial intelligence ecosystem to fend off rising competition...
WSP Global to acquire TRC Companies in $3.3 billion deal
Services firm WSP Global said on Monday it will acquire U.S. power and energy firm TRC Companies in a $3.3 billion all-cash deal. A surge in power consumption from data centers dedicated to artificial intelligence...
Reliance in talks for a bite of Udhaiyams, set to take on Tata, iD Fresh, MTR
Reliance’s consumer products arm is in advanced talks to acquire a majority stake in Udhaiyams Agro Foods, a ₹668-crore staples, snacks and ready-to-cook breakfast mixes maker, people privy to the development said...
Mizuho looks to wrap up Avendus acquisition this week
Mizuho Financial Group is finalising terms to acquire KKR-backed Avendus Capital at a Rs 5,900-crore valuation, almost six months after it had first agreed to buy the home-grown investment bank, said people in the know...
NCLT’s valuation flags cloud IL&FS HQ sale
The sale of IL&FS’s headquarters in Mumbai’s Bandra Kurla Complex is likely to face delays after the bankruptcy tribunal raised concerns over the use of outdated property valuations, potentially forcing...
Roomba maker iRobot files for bankruptcy, to go private after buyout
Roomba vacuum cleaner maker iRobot said on Sunday that it had filed for bankruptcy protection, and would go private after being acquired by Picea, its primary manufacturer. The company, which raised concerns about...
Adani Energy Solutions acquires KPS III HVDC Transmission Ltd
Adani Energy Solutions Ltd (AESL) on Friday said it has acquired 100 per cent stake in KPS III HVDC Transmission Ltd from PFC Consulting. This acquisition will further AESL’s strategy for enhancing value for its...
