The Reserve Bank of India has approved a proposal by SBI Mutual Fund to acquire an aggregate holding of up to 9.99% in Bandhan Bank, according to a regulatory filing on Thursday. Bandhan Bank informed stock exchanges...
NCLAT upholds admission of class action lawsuit against Jindal Poly Films
National Company Law Appellate Tribunal (NCLAT) has upheld the admission of a class action lawsuit against Jindal Poly Films in a hearing on Thursday. Jindal Poly Films had approached NCLAT challenging a 5 February...
Brnd.me completes Singapore-to-India merger, eyes IPO in 12-18 months
Roll-up ecommerce firm Brnd.me (formerly Mensa Brands) has completed a cross-border composite merger shifting its domicile from Singapore to India, as it prepares for a public listing over the next 12-18 months. The...
Nintendo plans around $1.9 billion share sale by Kyoto bank and others
Nintendo plans an unwinding of strategic shareholdings that would see companies including MUFG Bank and the Bank of Kyoto selling shares of the “Super Mario” maker, according to three sources familiar...
Vishal Mega Mart promoter entity likely to sell 6.5% stake via block deal: Report
Vishal Mega Mart’s promoter entity Samayat Services LLP is expected to sell 6.5% stake in the company via a block deal. The shares are likely to be sold at a price of Rs 115 apiece, which implies a 10% discount...
IOCL, BPCL, and HPCL to take 35% stake in shipping freight joint venture with SCI
India’s oil refiners and its state-run shipping utility are committing significant equity stakes to a dedicated maritime freighting joint venture to cut overseas reliance on transporting both crude oil and refined...
Billdesk to acquire Worldline’s India operations; deal values business at $70 million
Mumbai-headquartered digital payments processor Billdesk is set to acquire the India business of French payments giant Worldline for an estimated equity value of $70 million. In a statement, Worldline said that it would...
Payments processor Stripe expresses interest in PayPal
Payment processing firm Stripe is considering an acquisition of all or parts of PayPal Holdings, according to people familiar with the matter. Stripe, which is closely held and is among the industry’s most valuable...
Wondrlab in talks to acquire Madison World from Sam Balsara in Rs 1,000 crore deal
Marketing and digital network Wondrlab is in the final stages of acquiring homegrown advertising major Madison World from founder Sam Balsara for about ₹1,000 crore ($120 million), according to two people familiar with...
Capillary Technologies to acquire Mastercard’s SessionM for $20 million
Software-as-a-service (SaaS) company Capillary Technologies, which manages loyalty programmes for corporates, is acquiring US payments major Mastercard’s loyalty and rewards business SessionM for $20 million in an...
Graphics platform Canva acquires video ad startup Mango AI and animation company Cavalry
Canva, a graphic design and visual communication platform, on Tuesday announced the acquisition of UK-based 2D animation software company Cavalry and American video ad startup MangoAI, as it steps up its push into AI...
Deepinder Goyal’s LAT Aerospace acquires robotics startup Sharang Shakti
LAT Aerospace, cofounded by Deepinder Goyal and former Zomato COO Surobhi Das, has acquired Gurugram-based defence robotics startup Sharang Shakti. In a post on X, Goyal said that the acquisition is LAT...
