Reliance Industries Limited on Tuesday said its wholly owned subsidiary, Reliance Strategic Business Ventures Limited (RSBVL), has acquired a 50.1% equity stake in Sikhya Entertainment Private Limited for an aggregate...
NCLT admits Smaaash Leisure into insolvency
The bankruptcy court has admitted Smaaash Leisure, a premium bowling and entertainment format operator, under the corporate insolvency resolution process (CIRP) in an application filed by JC Flowers Asset Reconstruction...
Australia’s Qoria to merge with US-based Aura in $675 million deal
Australia-listed Qoria said on Monday that U.S.-based Aura Consolidated Group would acquire the tech firm at an implied valuation of A$972 million ($675.64 million), and then relist the merged entity on the Australian...
KKR-led group set to buy Singapore data-centre firm valued at over $10 billion, WSJ reports
A KKR-led consortium is nearing a deal to buy ST Telemedia Global Data Centres, which would value the company at more than S$13 billion ($10.22 billion), the Wall Street Journal reported on Saturday, citing people...
Groww among bidders for Prudential’s India asset management firm
Prudential Financial’s India asset manager has received offers from at least two local bidders, according to people with knowledge of the matter. State Street Investment Management-backed Groww Asset Management...
Aditya Birla Group among top 4 in Sprng Energy race
Aditya Birla Group has joined National Investment and Infrastructure Fund (NIIF), KKR and Sembcorp in the race to acquire renewable energy platform Sprng Energy from the UK-headquartered Shell, multiple people in the...
Government sets February 5 deadline for financial bids for IDBI, sources say
India’s federal government has set a February 5 deadline for financial bids for IDBI Bank as it looks to divest a majority of its holding in the lender, according to two sources familiar with the matter. The...
Tata Consumer, Danone India deal talks stall over ‘strategic’ issues
Tata Consumer Products’ (TCPL) proposed acquisition of Danone India has hit a roadblock with negotiations stalling after it failed to align with TCPL’s strategic expectations, derailing a deal that was...
Reliance, Capri Global to acquire Mumbai’s SevenHills Hospital
Reliance Industries, in partnership with Capri Global Holdings, is set to acquire Mumbai’s 1,500-bed Sevenhills Hospital following a corporate insolvency resolution plan, ending an eight-year impasse. Jupiter Lifeline...
GIP shortlists 4 companies for Vena Energy India sale
Global Infrastructure Partners (GIP), a BlackRock subsidiary, has shortlisted four potential buyers for Vena Energy India, its 1.1 GW renewable energy platform, said people familiar with the matter. Actis, Sembcorp...
Waaree Renewable Technologies shares in focus after approval to acquire 55% stake in ASPL for Rs 1,225 cro
Shares of Waaree Renewable Technologies are expected to remain in focus on Tuesday, January 27, after the company announced plans to acquire a 55% stake in Associated Power Structures Limited (ASPL), marking a key move...
Vedanta to sell up to 1.59% stake in Hindustan Zinc via OFS; sets floor price at Rs 685 per share
Vedanta Limited on Tuesday approved the sale of up to 1.59% stake representing up to 6.7 crore equity shares in its subsidiary Hindustan Zinc Limited (HZL) by way of an offer for sale (OFS). Vedanta has set the floor...
