KICL, the flagship company of the diversified D C Kothari Group, acquired footwear brands Zodiz and Jeetlo for an undisclosed sum, further expanding its presence in the mass-market footwear segment, an official said...
IFL Enterprises board approves 12% stake purchase by Uniqube Global
Agri commodity exporter IFL Enterprises on Friday said its board has approved a proposal from Singapore-based UNIQUBE Global Managed Services to acquire a 12% stake in the company. “The board in its meeting held...
Saraswat Bank gets RBI nod for merger with NICBL
The country’s largest cooperative bank Saraswat Co-operative Bank received the Reserve Bank of India’s approval to merge New India Co-operative Bank (NICBL) with itself, sources privy to the development said...
NCLT excludes Phoenix ARC from Committee of Creditors in Hotel Horizon case
The National Company Law Tribunal (NCLT) has partially allowed the application filed by the suspended promoters of Hotel Horizon, directing the exclusion of asset reconstruction company Phoenix ARC’s claim from the...
Manipal Hospitals seeks CCI nod to acquire Sahyadri Hospitals for about Rs 6,400 cr
Healthcare major Manipal Hospitals has sought approval from the fair trade regulator CCI to acquire Pune-based Sahyadri Hospitals from global investor Ontario Teachers’ Pension Plan Board in a deal pegged at...
Mahindra & Mahindra acquires majority stake in SML Isuzu for Rs 555 cr
Mahindra & Mahindra (M&M) has acquired 58.96% controlling stake in SML Isuzu with a total investment of INR 555 crore. SML Isuzu Ltd. will be renamed to ‘SML Mahindra Limited’ after regulatory approvals...
Mumbai-based Yogayatan Group raises bid for Lavasa, emerges as top bidder
Mumbai based Yogayatan Group has emerged as the highest bidder for the debt laden Lavasa Corporation increasing its bid to Rs 795 crore on a net present value (NPV) basis from Rs 725 crore previously. Bidders had been...
Jashvik Capital acquires Rs 400 crore stake in Marg ERP
Jashvik Capital has acquired an undisclosed stake in Marg ERP for Rs. 400 crore, as per a joint press release from the two parties. Founded in 2000 by Anup Singh Thakur, Sudhir Singh Thakur, and Mahendar Singh, Marg ERP...
Schneider to buy remaining 35% in India JV from Temasek
Schneider Electric, the global major in energy management and automation, on Wednesday said it will acquire the remaining 35% stake in Schneider Electric India Private Limited from Singapore’s Temasek for 5.5...
Tata Motors to acquire Iveco’s commercial vehicle business for €3.8 billion, excluding defence unit
India’s Tata Motors has agreed to acquire the commercial vehicle business of Italy-based Iveco Group through an all-cash offer valuing the company at approximately €3.8 billion ($4.4 billion), the company announced on...
Palo Alto Networks in talks to buy CyberArk in deal worth over $20 billion: Report
Palo Alto Networks is in talks to acquire CyberArk Software in a deal that could value the Israeli cybersecurity firm at more than $20 billion, the Wall Street Journal reported on Tuesday, citing people familiar with...
IPO-bound Lenskart buys 80% stake in Spain’s Meller for Rs 407 crore
Eyewear retail chain Lenskart, which has just filed its draft red herring prospectus for a public listing, has acquired an 80% stake in Spanish fashion eyewear brand Meller for Rs 407 crore (approximately €41.5 million)...
