JSW Steel has transformed Bhushan Power & Steel Ltd (BPSL) into a viable and going concern after acquiring it out of bankruptcy in 2021, and its liquidation would have adverse ramifications on all stakeholders, the...
PB Fintech founders sell over 1% stake for Rs 920 crore
New Delhi, PB Fintech’s co-founders Yashish Dahiya and Alok Bansal divested a little over 1 per cent stake in the company for Rs 920 crore through open market transactions. PB Fintech’s chief executive...
Unilever’s demerged ice cream entity to acquire 61.9 pc stake in Kwality Wall’s
Global FMCG major Unilever on Wednesday said Magnum HoldCo will acquire 61.9 per cent of Kwality Wall’s (India) Ltd. Magnum HoldCo is the holding firm within the new firm formed by the demerger of the ice cream...
GACM Technologies to acquire 30% stake in AI edtech firm WeXL
GACM Technologies has entered into a definitive agreement to acquire a 30 per cent equity stake in AI-edtech data company WEXL Edu Pvt Ltd (WeXL), an exchange filing stated on Wednesday. “The projected valuation...
JAL insolvency: Five firms submit bids to acquire bankrupt firm
Jaiprakash Associates Ltd (JAL) on Wednesday said it has received five bids along with earnest money for the acquisition of the company through the insolvency process. In a regulatory filing, Jaiprakash Associates Ltd...
Tata Steel acquires 179 crore shares in Singapore subsidiary T Steel Holdings for Rs 1,562.54 cr
Tata Steel Limited on Wednesday said that it has acquired 179.10 crore equity shares in its Singapore-based wholly owned subsidiary, T Steel Holdings Pte. Ltd (TSHP), for a total consideration of approximately Rs 1,562...
Edelweiss Infra fund eyes exit from solar asset venture with Engie
Edelweiss Infrastructure Yield Plus (EIYP), a fund managed by the Edelweiss Group, is planning to sell its entire 74% stake in the 1.2 GW solar platform it co-owns with French utility Engie and has mandated Standard...
Shell denies it is in takeover talks with BP
Shell denied that it was in talks to buy BP after the Wall Street Journal reported on Wednesday that the oil major was in early discussions over a takeover of its British rival. “No talks are taking place. As we...
Adani Total Gas, Reliance’s Jio-bp partner to offer each other’s fuels in select outlets
Billionaires Mukesh Ambani and Gautam Adani have partnered to sell transportation fuels using their respective groups’ retail stations across India, bolstering their distribution network in India’s fast-growing...
Hindalco to buy US-based AluChem for $125 mn
Hindalco Industries will acquire US-based specialty alumina manufacturer AluChem Companies for an enterprise value of $125 million, as it looks to scale its high-value, technology-led materials portfolio. “This...
CCI okays Bain Capital’s proposal to acquire stake in Manappuram Finance
The Competition Commission of India (CCI) on Tuesday approved Bain Capital’s proposed acquisition of a stake in Manappuram Finance. Bain Capital through its two affiliates — BC Asia Investments XXV and BC...
Suntory looks for a high with Imperial Blue buy
Japanese alcobev giant Suntory has revived plans to acquire the Imperial Blue whiskey brand in India from France’s Pernod Ricard, said people in the know, sensing rival Tilaknagar Industries’ continued struggle to raise...
