Tilaknagar Industries, the maker of Mansion House brandy, is in talks with Standard Chartered, JP Morgan, and Nomura to raise about Rs 2,000 crore in debt to help finance its Rs 4,150-crore purchase of the Imperial Blue...
M&A activity drops 17 pc to $50 billion in January-June 2025
Mergers and acquisitions activity dropped to USD 50 billion in the first half of 2025, down 17 per cent when compared with the year-ago period, a report said on Tuesday. When compared with the July-December 2024 period...
Nykaa to acquire balance 40% stake in Nudge Wellness for Rs 15 lakh
Beauty and fashion brand Nykaa is set to acquire the remaining 40% stake in nutrition brand Nudge Wellness, the platform announced during its April to June quarter results. In 2022, Nykaa had acquired a 60% stake in...
Foseco in talks to acquire Morganite Crucible
Foseco is in talks to acquire Morganite Crucible in a cash and stock deal, according to sources aware of the matter. ET could not ascertain the value of the deal. The deal if it concludes will bring together the Indian...
IHCL inks agreements to acquire 51% stake in ANK Hotels and Pride Hospitality for Clarks Hotels & Resorts
Tata Group backed Indian Hotels Company (IHCL) said on Monday it has entered into share subscription and purchase agreements and shareholders’ agreements to acquire around 51% equity stake not exceeding Rs 110...
Bessemer India may offload its entire 15.67% stake in Medi Assist for Rs 560 cr
Bessemer India Capital Holdings II may offload its entire 15.67% stake in Medi Assist Healthcare Services for over ₹560 crore in a block deal on the exchanges on Tuesday, according to a term sheet seen by ET. The...
Prosus wins conditional EU antitrust nod for Just Eat Takeaway deal
Dutch technology investor Prosus gained European Union antitrust approval on Monday for its 4.1 billion euro ($4.76 billion) bid for Just Eat Takeaway, after agreeing to sell down its stake in Delivery Hero. Amsterdam...
Adani Defence & Aerospace partners with Prime Aero to acquire 100% stake in Indamer Technics
Adani Defence Systems and Technologies Limited (ADSTL), through its venture Horizon Aero Solutions Limited, in partnership with Prime Aero Services LLP, signed an agreement to acquire a 100% stake in Indamer Technics...
Supreme Court reserves verdict on JSW Steel’s Rs 19,700 crore resolution plan for Bhushan Power
The Supreme Court on Monday reserved its verdict on a batch of pleas related to JSW Steel’s Rs 19,700-crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL). A special bench comprising Chief...
British American Tobacco awaiting RBI approval to check out of ITC Hotels
British American Tobacco (BAT) is awaiting Reserve Bank of India (RBI) approval before it can sell its 15.29% shareholding in ITC Hotels. BAT is ITC’s single largest shareholder. This is required as the ITC...
Gokaldas Exports board clears merger proposal with BRFL Textiles
A year after making a strategic investment, Gokaldas Exports Ltd has approved a draft scheme to merge BRFL Textiles Pvt Ltd (BTPL) with itself to create a vertically integrated apparel and textile business. The board...
Bajaj Allianz Life Insurance buys 2.1% stake in JM Financial Home Loans
Bajaj Allianz Life Insurance has acquired about 2.1% of JM Financial Home Loans from JM Financial Credit Solutions, a unit of JM Financial, for ₹65.5 crore. The insurer bought 13.65 million shares at ₹48 apiece...
