Non-banking financial company Dhruva Capital Services Ltd on Friday announced its strategic merger with Vector Finance, marking its entry into the microfinance business. The merger, approved by its board, will be...
NTPC looks to acquire uranium assets overseas to ensure fuel for future nuclear projects
Home-grown power giant NTPC, which is diversifying into clean energy generation, looks to acquire uranium assets overseas to ensure fuel availability for its future nuclear projects, according to a company official...
Realty services company TCC Concept to acquire Pepperfry
Realty services company TCC Concept said on Friday that it has signed a term sheet to acquire up to 100% stake in omnichannel furniture and home goods platform Pepperfry, according to a stock exchange filing. The Pune...
Peerless to exit insurance distribution, focuses on expanding hospital biz
The Peerless Group, once a household name in financial savings, has decided to sell its financial product distribution subsidiary, while it is expanding its footprint in the healthcare sector. The group has identified a...
NCLT approves Gayatri Projects’ settlement plan from promoters
The Hyderabad bench of the National Company Law Tribunal (NCLT) has approved a ₹2,400 crore one-time settlement plan (OTS) by promoters of the engineering, procurement and construction company Gayatri Projects, pushing...
JSW Neo buys Statkraft hydro power unit in Himachal for ₹ 1,727 cr
JSW Neo Energy has acquired Statkraft’s hydro power unit in Himachal Pradesh for an enterprise value of ₹1,727 crore, according to a stock exchange disclosure on Thursday. ET had first reported in its Wednesday...
Roche to acquire liver drug developer 89bio for up to $3.5 billion
Roche has agreed to buy U.S. biotech firm 89bio for up to $3.5 billion, joining a race to offer new liver disease treatments that complement an intense push in the area of weight-loss drugs. The deal would help Roche...
Dixon Technologies shares in focus on Rs 553 crore acquisition for 51% stake in Q Tech Microelectronics
Shares of Dixon Technologies (India) Ltd are likely to be in focus on Thursday after the company announced a Rs 552.99 crore deal to acquire a 51% majority stake in Kunshan Q Tech Microelectronics (India) Pvt Ltd. In a...
PayU raises stake in Mindgate to 70% as valuation hits $300 million
Digital payments major PayU has acquired an additional 27% in Mindgate Solutions, increasing its stake in the Mumbai-based payment processing company to a majority 70%. The acquisition valued Mindgate at around $300...
GE Healthcare exploring stake sale in China unit, says reports
Medical device maker GE Healthcare is working with advisers to explore options including the sale of a stake in its China unit, Bloomberg News reported on Thursday, citing people familiar with the matter. A potential...
SMBC to buy additional 4.2% stake in Yes Bank from PE firm Carlyle Group
Japanese lender Sumitomo Mitsui Banking Corporation (SMBC) on Wednesday said it will acquire an additional 4.2% stake in Yes Bank from a Carlyle Group affiliate for Rs 2,850 crore. The announcement comes alongside the...
Bandhan Bank completes divestment in Yes Bank to Japan’s SMBC, continues buying spree after SBI & Carlyle
Bandhan Bank divested 15,39,34,975 equity shares of Yes Bank Ltd. to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for a consideration of about Rs 331 crore. Bandhan Bank sold the said shares at a rate of Rs...
