Oberoi Realty, in partnership with Shree Naman Developers and JM Financial Properties, has secured the Committee of Creditors’ (CoC) approval to acquire Hotel Horizon Pvt Ltd (HHPL) through the insolvency resolution...
Huntington Bancshares to buy Veritex in $1.9B all-stock deal, making bold Texas banking push amid U.S. reg
Huntington Bancshares to acquire Veritex Holdings in $1.9B all-stock deal, expands Texas presence- In a strategic move to expand its footprint in Texas, Huntington Bancshares (NASDAQ: HBAN) has announced its plan to...
China grants conditional approval for Synopsys to acquire Ansys
China’s market regulator has conditionally approved the acquisition of simulation software company Ansys by U.S. software firm Synopsys, the State Administration for Market Regulation said on Monday. The approval...
IFCI seeks government nod for consolidation of group companies
State-owned IFCI on Monday sought the government’s go-ahead for the consolidation of its various group entities, including the broking business. IFCI Limited (the consolidated entity) also proposed to remain as an...
PE fund Multiples, Sachetis to acquire majority stake in VIP Industries
A consortium of homegrown private equity fund Multiples Alternate Asset Management and Samvibhag Securities will buy an about 32% stake of VIP Industries from promoter Dilip Piramal & family, the luggage maker said...
Wockhardt exits US generics biz to focus on drug discovery
Wockhardt will exit its loss-making generics business in the US as part of its strategy to enhance focus on innovation with new antibiotic drug discovery and biologics portfolio in insulin. ET was the first to report on...
NCLT clears Yatra Online’s amalgamation scheme involving six subsidiaries
Yatra Online Ltd on Friday announced that the National Company Law Tribunal (NCLT), Mumbai Bench, approved its petition for amalgamation of its six wholly-owned subsidiaries. Marking a significant development for the...
Partners Group to acquire majority stake in Infinity Fincorp for Rs 1,950 crore
Swiss private equity firm Partners Group will acquire a majority stake in Infinity Fincorp Solutions, a Mumbai-based non-bank lender focused on MSMEs, through an investment of Rs 1,950 crore (around $230 million), the...
Govt to sell minority stake in LIC
The government is working on further stake sale in Life Insurance Corporation (LIC) and the disinvestment department would work out finer details of the transaction, sources said. The government currently holds 96.5 per...
Coca-Cola bottler Kandhari acquires Wave Beverages
One of Coca-Cola’s top bottling partners in India, Kandhari Global Beverages, has acquired Wave Beverages’ bottling operations for the American soft-drinks maker for about ₹1,000 crore, people directly aware...
JSW Group to increase stake in JSW MG Motor India amid SAIC’s exit from Indian Market
JSW Group plans to raise its stake in JSW MG Motor India, its car manufacturing joint venture with SAIC Motor. The Chinese company has decided against committing further capital to India, instead prioritising...
Valor emerges as top bidder for Lavasa with ₹771-crore offer
Realty developer Valor Estate, formerly DB Realty, has emerged as the highest bidder for Lavasa Corporation with an offer of ₹771.09 crore on a net present value (NPV) basis, as part of the ongoing insolvency resolution...
