The National Company Law Tribunal (NCLT) has approved Adani Properties’ acquisition of two assets of defunct real estate developer Housing Development and Infrastructure (HDIL) through the corporate insolvency...
JM Financial acquires full control of NBFC arm from Moraine Fund
JM Financial on Tuesday said it has acquired the remaining 2.98 per cent stake in its material subsidiary JM Financial Credit Solutions Ltd (JMFCSL) from Moraine Master Fund LP, making the lending arm a wholly-owned...
Emirates NBD eyes RBL Bank stake for India, Asia play
Emirates NBD Bank PJSC, owned by the Dubai government, is exploring the acquisition of a significant minority stake in RBL Bank as it looks to expand its footprint in Asia, said people aware of the matter. The...
Luxmi Group acquires majority stake in UK-based Brew Tea Co
Kolkata-based Luxmi Group, which owns the iconic Makaibari Darjeeling brand, on Tuesday announced that it has acquired a majority stake in UK-based Brew Tea Co, a fast-growing firm which focuses on whole-leaf teas and...
Competition Commission clears Coromandel International’s stake purchase in NACL Industries
Fair trade regulator CCI on Tuesday cleared Murugappa Group firm Coromandel International’s proposal to acquire a stake in NACL Industries. NACL, a listed entity, operates in the agro chemical sector. It offers...
Saraswat seeks RBI approval to acquire New India Cooperative Bank
India’s largest cooperative bank, Saraswat Cooperative Bank, has sought central bank approval to acquire New India Cooperative Bank Ltd, a senior management official stated on Tuesday. If the Reserve Bank of India...
Grammarly to acquire email startup Superhuman in AI platform push
Grammarly has signed a deal to acquire email efficiency tool Superhuman as part of the company’s push to build an artificial intelligence-powered productivity suite and diversify its business, its executives told...
Singapore’s GIC gets CCI nod to acquire minority stake in Groww
Fair trade regulator CCI on Tuesday cleared Singapore’s sovereign wealth fund GIC’s proposed acquisition of a 2.14 per cent stake in IPO-bound Billionbrains Garage Ventures, the parent company of investment...
Torrent Pharma set to finalise JB Chemicals buyout in 15-18 months
Ahmedabad-based drug maker Torrent Pharmaceuticals will complete its acquisition of JB Chemicals & Pharmaceuticals in the next 15-18 months subject to key regulatory approvals, a top company executive said in an...
Japan’s SMBC seeks CCI nod to acquire 20 pc stake in Yes Bank
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has sought clearance from the fair trade regulator CCI to acquire a 20 per cent stake in private sector lender Yes Bank. The development came after State Bank of...
Inox Neo Energies acquires Skypower Solar India
Inox Clean Energy on Monday said its arm, Inox Neo Energies, has completed the acquisition of Skypower Solar India for an enterprise value of Rs 265 crore. Skypower Solar India has a portfolio comprising 50 MW (AC)/ 57...
AM Green to buy 17.5% stake in Greenko from Orix for $1.28 billion
Japanese financial group Orix Corporation has agreed to sell its 17.5% equity stake in Greenko Energy Holdings for $1.28 billion to AM Green (AMG), an entity promoted by Greenko co-founders Anil Chalamalasetty and...
