Cerberus Capital and World Bank arm, International Finance Corporation (IFC), have provided Madhvani group a Rs. 1600 crore loan for its planned takeover of Hindusthan National Glass and Industries Limited (HNG)...
Refex Industries shares soar 17% after board approves green mobility business demerger scheme
Shares of Refex Industries surged 17.3% in Tuesday’s trade after the company announced that its Board of Directors had approved a composite scheme of amalgamation and arrangement aimed at unlocking the potential of its...
IHCL acquires shares in subsidiary for over Rs 100 cr
Indian Hotels Company Limited (IHCL) on Tuesday said it has invested over Rs 100 crore to acquire more than 2 lakh shares of its wholly-owned subsidiary ELEL Hotels and Investment Limited via rights issue. ELEL Hotels...
Swiggy shares in focus after Rs 2,399 crore stake sale in Rapido, Instamart slump sale
Shares of online food delivery platform Swiggy will be in focus on Wednesday after its Board of Directors approved three major transactions on September 23. These include the divestment of its stake in bike taxi...
Competition Commission clears Apollo Hospital’s group entities restructuring plan
Fair trade regulator CCI on Tuesday approved a multi-layered restructuring plan involving Apollo Hospital’s group entities Apollo Healthco and Keimed, and a wholly-owned subsidiary Apollo Healthtech Ltd. The move...
Bajaj Electricals to acquire Morphy Richards brand rights in South Asia for Rs 146 crore
Bajaj Electricals Ltd on Tuesday said its board has approved a proposal to acquire Morphy Richards and related intellectual property rights in India and five neighbouring markets from Ireland’s Glen Electric Ltd, part...
Torrent Power picks up stakes in Newzone India, its holding firm for Rs 211 crore
Torrent Power on Tuesday said it has acquired stakes in Newzone India Pvt Ltd and its holding company Newzone Power Projects Pvt Ltd for around Rs 211 crore. Newzone Power Projects Pvt Ltd (NZPPPL) is the holding...
Japan’s SMBC picks up additional 4.22% stake in Yes Bank, becomes largest stakeholder
Yes Bank on Tuesday said Sumitomo Mitsui Banking Corporation (SMBC) of Japan has acquired an additional 4.22 per cent stake in the Mumbai-based bank. With the acquisition, SMBC’s stake in Yes Bank has increased...
Singapore-based Keppel set to divest Chennai’s One Paramount office park for Rs 2,750 cr
Singapore-based Keppel is set to divest its office asset One Paramount office park in Porur, Chennai, to Prime Offices Fund, managed by Nuvama Asset Management and Cushman & Wakefield (NCW), for about 2,750 crore...
PE fund KKR closes third buy in Kerala, at Meitra Hospital
Global private equity firm KKR, which had notched a fivefold return in its exit from Max Healthcare, is doubling down on its hospital bets in South India. In its latest move, KKR-owned Kerala hospital chain Baby...
Waaree Energies to pick up 76% in smart electric meters company Racemosa for Rs 53 crore
Solar PV module maker Waaree Energies on Friday said it will acquire a 76% stake in Racemosa Energy India for ₹53 crore. Founded in 2018, Racemosa Energy India is a Maharashtra-based manufacturer of smart electric...
Piramal Enterprises sets record date for merger; shareholders to get Piramal Finance shares
Piramal Enterprises (PEL) has announced September 23 as the record date for its merger with Piramal Finance (PFL). From this date, trading in PEL securities will cease, and shareholders listed in the company’s register...
