The National Company Law Tribunal (NCLT) has approved KGS Sugar & Infra Corporation’s acquisition by edible oil and spirit maker Grainotch Industries Ltd. Nashik-based KGS Sugar Infra Corporation has admitted...
Sembcorp to buy ReNew’s 300 MW solar power unit
Singapore-headquartered Sembcorp Industries has acquired a 300 MW solar power project in Rajasthan from ReNew Energy Global Plc at an enterprise value of $191 million, the two companies separately announced on Wednesday...
Shell to restart Sprng Energy sale process, ropes in Barclays
Shell PLC is set to revive the sale of Indian renewable power producer Sprng Energy and has appointed Barclays to advise on the potential sale, said people aware of the matter. A formal process will be launched within a...
ASG Eye Hospitals to merge with Sharp Sight in Rs 450 crore deal; PE-backed chain targets IPO
ASG Eye Hospitals, backed by private equity firms General Atlantic and Kedaara Capital, has signed a Rs 450 crore non-binding merger deal with Sharp Sight Eye Hospitals, said people familiar with the matter. The deal...
Government confident of completing IDBI Bank stake sale this fiscal year
The Indian government is confident of completing the stake sale in IDBI Bank before the end of the current financial year, according to Financial Services Secretary M. Nagaraju. Speaking on the sidelines of the Global...
CCI clears Lloyds Metals’ proposal to acquire 49.99% stake in Thriveni Pellets
Fair trade regulator CCI on Tuesday cleared Lloyds Metals and Energy’s proposal to acquire a 49.99% equity stake in Thriveni Pellets Pvt Ltd. “The proposed combination involves the acquisition of 49.99% of...
Aster DM Healthcare shares in focus as BSE, NSE clear merger with Quality Care India
Shares of Aster DM Healthcare are likely to be on investors’ radar on Tuesday, October 7, after the company received no-objection letters from both BSE and the National Stock Exchange (NSE) on October 6 for its planned...
CCI approves Tilaknagar Industries proposal to acquire Pernod Ricard’s Imperial Blue biz
Fair trade regulator CCI on Tuesday cleared home-grown alcoholic beverage maker Tilaknagar Industries’ proposal to acquire the Imperial Blue whisky business from the Indian arm of French liquor giant Pernod Ricard...
Atelier Expressions acquires French porcelain manufacturer J.L. Coquet
TVS Venu, the international holding company of the founding family of TVS Motor Company, announced on Tuesday the acquisition of JL Coquet, a French porcelain manufacturer known for its Limoges craftsmanship. The move...
HashStudioz Technologies acquires majority stake in Maxify
HashStudioz Technologies Pvt. Ltd., a global provider of IoT, data analytics, AI, travel technology, and custom software development, on Tuesday announced the acquisition of a majority stake in Maxify Digital, a...
IndusInd promoter IIHL Mauritius buys 100% stake in Sterling Bank, Bahamas
IndusInd Bank Limited’s promoter, IIHL Mauritius, on Monday announced that it has acquired 100% stake in Sterling Bank, Bahamas. Previously, the promoter had acquired 51% stake in the Sterling Bank, Bahamas, in...
Varmora promoters buy back 2% stake from Carlyle
Promoters of Varmora Granito Ltd, one of India’s leading tile and bathware makers, have bought back a 2% stake from private equity investor, The Carlyle Group, people said, signalling their confidence in the...
