BlackSoil Capital, an alternative credit platform, and Caspian Debt, an impact investment lender, have received approval from the Reserve Bank of India (RBI) for their merger. The deal now awaits clearance from the...
NCLAT approves Bharti Telecom’s 2018 scheme for capital reduction
The National Company Law Appellate Tribunal (NCLAT) Thursday approved Bharti Telecom’s 2018 capital reduction scheme, dismissing minority shareholders’ argument that the scheme was unfair and failed to...
UltraTech to acquire wall putty maker Wonder WallCare
UltraTech Cement will acquire Wonder WallCare, a manufacturer of wall putty, for an enterprise value not exceeding Rs 235 crore as part of its aggressive expansion strategy. This acquisition will enhance the portfolio...
Govt to sell up to 4.8% stake in Mazagon Dock through OFS
The Union government is proposing to sell up to 4.83% stake defence PSU Mazagon Dock Shipbuilders through an Offer for Sale (OFS). This will be available on the exchanges from April 4-7. Under the sale, the government...
Network infrastructure company SAR Televenture Limited acquires majority stake in Tikona Infinet
Network infrastructure company SAR Televenture Limited has acquired a majority stake in internet service provider, Tikona Infinet Limited in a share swap deal for Rs 578 crore. The acquisition comes amidst the struggles...
Supreme Infrastructure India’s settlement plan for creditors gets NCLT nod
The National Company Law Tribunal (NCLT) has approved the settlement plan for the financial liabilities of listed construction firm Supreme Infrastructure India, paving the way for the resolution of debt worth ₹2,200...
360 ONE, Claypond Capital get CCI nod to acquire stakes in API Holdings
Fair trade regulator CCI on Tuesday approved wealth management entity 360 ONE and Claypond Capital Partners’ proposal to jointly acquire stakes in digital healthcare platform API Holdings. API Holdings provides...
BorderPlus acquires Onea Care, paving the way for Indian nurses in Germany
Workforce mobility platform BorderPlus has acquired German healthcare recruitment firm Onea Care, the Mumbai-based company said in a statement on Tuesday without disclosing the deal financials. The acquisition marks a...
Qualcomm considers takeover offer for UK’s Alphawave
Chipmaker Qualcomm said on Tuesday it is considering making an offer to acquire UK-based Alphawave IP Group.
Arm recently sought to acquire Alphawave for AI chip tech, sources say
SoftBank-owned chip tech provider Arm Holdings recently sought to acquire Alphawave, a UK-based supplier of semiconductor intellectual property, to secure a crucial technology that is crucial for building its own...
ICICI Bank to exit from ICICI Merchant Services Pvt Ltd
ICICI Bank has said it plans to exit from its associate ICICI Merchant Services Private Limited by selling the entire 19 per cent stake in the company. The bank has executed a share purchase agreement with First Data...
Market volatility derails Novartis’ plan to sell stake in its India arm
Swiss pharma giant Novartis AG’s plans to sell a 70.68% equity stake in its listed arm Novartis India has been hobbled as wild swings of the stock market pulls down its valuation. Local drug makers as well as...
