Federal Bank on Friday said it has signed an agreement to acquire an additional 4 per cent stake in Ageas Federal Life Insurance Co Ltd (AFLIC) from Ageas Insurance International. In a BSE filing, Federal Bank said it...
Vedanta Group submits expression of interest to acquire Jaiprakash Associates through insolvency
Business conglomerate Vedanta Group has shown interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process, according to sources. Jaypee Group’s flagship firm JAL, which is into cement...
CIEL HR Group acquires Vibrant Screen to strengthen its HR solutions portfolio
Technology-led HR solutions company CIEL HR has acquired Vibrant Screen, a provider of background verification solutions, the company said in a statement on Friday. With over 24 years of expertise, VSPL offers a...
Adani Energy acquires Mahan Transmission
Adani Energy Solution Ltd, the electricity transmission unit of the billionaire Gautam Adani-run conglomerate, on Thursday announced the acquisition of intra-state transmission project Mahan Transmission Ltd. In a stock...
Zaggle to acquire majority stake in PoS software firm Effiasoft for Rs 36.7 crore
Prepaid payments company Zaggle has acquired a 45.3% stake in point of sales (PoS) software company Effiasoft for Rs 36.7 crore, the company said in a stock exchange filing today. Additionally, the Hyderabad-based...
PUBG developer Krafton acquires controlling stake in Nautilus Mobile for Rs 118 crore
South Korean gaming company KRAFTON has acquired 75% stake in Nautilus Mobile, the Pune-based studio owned by JetSynthesys and the maker of Real Cricket franchise, for Rs 118 crore. This marks KRAFTON’s first majority...
LIC set to buy 40-49% stake in ManipalCigna; primary and secondary deal values company at Rs 3,500 crore
Life Insurance Corp of India (LIC) is finalising terms to buy a significant minority stake in Ranjan Pai-led ManipalCigna Health Insurance, people familiar with the matter said. It marks the state-owned giant’s entry...
Kedaara, TA Associates vie for minority stake in Sagent Pharma
Homegrown Kedaara Capital and US-based TA Associates are among a clutch of private equity (PE) firms in talks to acquire a significant minority stake in US-based Sagent Pharma, owned by former Gland Pharma promoter Ravi...
Adani Group keen to acquire Jaiprakash Associates by insolvency: Sources
Business conglomerate Adani Group has shown interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process, according to sources. Jaypee Group’s flagship firm JAL, which is into cement, power...
Music service Napster acquired by 3D tech company Infinite Reality for $207 million
Napster, which started out as a music sharing service, is set for a revival and revamp after being acquired by 3D technology company Infinite Reality for $207 million on Tuesday. According to a press release from...
Ashok Leyland denies reports of acquiring stake in SML Isuzu; says ‘factually incorrect’
Ashok Leyland Limited on Wednesday refuted recent media reports claiming that the company was in advanced negotiations to acquire the promoter’s stake in SML Isuzu from Japan’s Sumitomo Corporation. In an...
KKR may sell $300-m stake in JB Chemicals
Global private equity firm KKR plans to sell up to ₹2,576 crore ($300 million) worth of shares in JB Chemicals & Pharmaceuticals through a block deal on Thursday, showed a term sheet issued by the participating...
