The Adani Group has emerged as the only bidder without conditions in the race to acquire Jaiprakash Associates, submitting a ₹12,600 crore offer under the ongoing insolvency process. The other bidders – Dalmia...
Adani Power completes acquisition of 600 MW Vidarbha Power
Adani Power on Tuesday announced a successful acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore. VIPL has become a wholly owned...
PE groups Permira, CVC Cap, EQT in fray to buy Nuvama Wealth from PAG
Private equity buyout groups CVC Capital Partners, Permira and EQT are in talks with Asia-Pacific-focused private equity firm PAG to buy its controlling stake in Nuvama Wealth Management Ltd (NWML), formerly Edelweiss...
Rebel Foods explores stake sale in premium chocolate brand Smoor
Cloud kitchen operator Rebel Foods, which owns brands such as Faasos and Behrouz Biryani, has held discussions to sell its stake in premium chocolate and dessert maker Smoor, said people briefed on the matter. In a...
Oriental Trimex to divest land assets, granite unit
Marble processor and importer Oriental Trimex on Saturday said it plans to divest land assets and a small granite unit in Odisha to reduce expenses and streamline operations. According to a business update shared on...
Incuspaze buys realty analytics company VSKOUT
Flexible workspace provider Incuspaze has acquired VSKOUT, a business-to-business software-as-a-service solution offering data analytics for commercial real estate, just days after acquiring Pune-based smaller rival...
Tata is said to be in talks to buy out investors in Resurgent
Tata Group is in talks to buy out other shareholders in Resurgent Power Ventures Pte, according to people familiar with the matter. Tata Power Co., which owns a 26% stake in Singapore-based power generation and...
Reliance Retail acquires minority stake in UK-based FACEGYM
Reliance Retail Ventures Ltd (RRVL), the holding company for all retail businesses of Reliance Industries, has made a “strategic minority investment” in UK-based Facegym which is into facial fitness and skincare...
GVK Power lenders to restart IBC process
Lenders to GVK Power and Infrastructure (GPIL) would re-run the debt-laden company’s insolvency process and seek separate bids for each of the four individual assets that cover businesses as diverse as land...
Torrent Pharma to acquire additional 2.41% stake in JB Chemicals for Rs 620 crore
Ahmedabad-based drug maker Torrent Pharmaceuticals Ltd has signed a share purchase agreement to acquire an additional 2.41% stake in J.B. Chemicals & Pharmaceuticals Ltd from employees for a total cash consideration...
Medi Assist Insurance completes acquisition of Paramount TPA
Medi Assist Insurance TPA Pvt Ltd on Wednesday said it has completed acquisition of a 100 per cent stake in Paramount Health Services & Insurance TPA. Both entities will continue to operate independently until a...
Mukesh Ambani’s Reliance Industries to spin off FMCG brands into new arm ahead of mega IPO plans
Reliance Industries Ltd (RIL) is embarking on a restructuring exercise that aims to group all its fast-moving consumer goods (FMCG) brands, currently part of its retail ventures, into a new company so they get...
