French information technology services major Capgemini on Tuesday said it has signed an agreement to acquire Indian-origin, Singapore-based Cloud4C, a managed cloud services provider owned by CtrlS Group. Financial...
CCI approves acquisition of Jaiprakash Associates by Adani Group
The Competition Commission of India (CCI) on Tuesday approved the acquisition of Jaiprakash Associates by Adani Entities. In an official statement, the CCI said that the deal proposes the acquisition of up to 100 per...
Jana Small Finance Bank set to merge investment and financial holding firms
Jana Small Finance Bank has initiated a process to merge its non-operative financial holding company into core investment company to create a leaner structure even as the bank is awaiting Reserve Bank of India’s...
Imagicaaworld to acquire Malpani Parks Ahmedabad for ₹75 crore
Imagicaaworld Entertainment has announced plans to acquire Malpani Parks Ahmedabad Private Limited (MPAPL), a promoter-owned entity, in a deal valued at up to ₹75 crore. The company’s board approved the acquisition on...
PE firm Thoma Bravo plans to buy Verint Systems in $2 billion deal: Report
US private equity firm Thoma Bravo is planning to acquire call center software maker Verint Systems for about $2 billion, including debt, Bloomberg News reported on Sunday, citing people familiar with the matter. The...
Reliance Industries shares in focus after Rs 45 crore Nauyaan Shipyard buyout
Shares of Reliance Industries Ltd (RIL) are set to be in focus on Monday, after the conglomerate completed a Rs 45.32 crore deal to take full control of Nauyaan Shipyard Pvt Ltd, marking the final leg of a phased...
TPG beats Advent to emerge frontrunner for Tessolve stake; to invest $140–150 million
TPG Inc has emerged as the frontrunner to buy a significant minority stake in Tessolve, the semiconductor design and engineering company majority owned by Hero Electronix, people familiar with the matter told ET...
RBI greenlights SMBC plan to buy up to 25% in Yes Bank
The Reserve Bank of India (RBI) has approved the application of Japanese giant Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% in Yes Bank. The RBI has further clarified that SMBC would not be...
NCLAT sets aside plea against Nuvoco Vistas bid for Vadraj Cement
Appellate tribunal NCLAT has dismissed the plea against the acquisition of Vadraj Cement by Nirma Group’s cement business Nuvoco Vistas Corporation during an insolvency resolution process. The Delhi-based...
Reliance Infra to sell Pune Satara toll road project to Cube Highways and Infrastructure III for Rs 2000 c
Cube Highways and Infrastructure III Pte Ltd. (Cube Highways), a Singapore-based company, will acquire a 100% stake in Reliance Infrastructure Limited’s (Reliance Infra) Pune Satara Toll Road (PSTR) project, Reliance...
Centrum Capital signs agreement to sell Affordable Housing Finance Business to Weaver Services
Centrum Capital Limited has signed an agreement to divest its full stake in Centrum Housing Finance Ltd. (CHFL), its affordable housing finance business, to Weaver Services, a new age Housing finance company. The...
PAG, Apax & others in race to buy US digital firm Accion
About half a dozen suitors, including PAG and Apax Partners, have expressed strong interest in acquiring Accion Labs, a US-based digital-focused software product engineering company, according to people familiar with...
