Swiss private equity major Partners Group is all set to acquire a majority stake in Infinity Fincorp Solutions, a Mumbai-based non-banking financial company (NBFC) focused on micro-loans against property, according to...
USL to acquire majority stake in Nao Spirits
Diageo India (United Spirits Limited), on Thursday said it is acquiring a majority controlling stake in Nao Spirits at an enterprise value of Rs130 crore. Three years ago, Diageo bought a 22.5% stake in Nao, which makes...
Adani Power’s proposal to acquire Vidarbha Industries Power’s approved by NCLT
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday approved Adani Power Ltd’s acquisition of Vidarbha Industries Power Ltd. Before the tribunal’s nod, the secured creditors of the company approved...
Gentari plans to offload up to 50% stake in India arm
Gentari, the renewable energy arm of Malaysian national oil & gas company Petronas, is seeking to sell up to a 50% stake in its India unit in what could potentially become one of the largest green energy deals in...
TPG likely to sell 6% stake in Sai Life Sciences at estimated price of Rs 885 crore in block deal: Report
Global assets management company TPG is likely to sell 12.5 million shares representing 6% stake Sai Life Sciences at an estimated deal size of $102 million (Rs 885 crore), according to a report. The base price of the...
Insurtech firm Renewbuy bags $10 million from Apis, 360 One
Insurance broking startup Renewbuy has secured $10 million (about Rs 86 crore) in a funding round from existing investors, London-based Apis Partners and 360 One (previously IIFL Wealth), according to people with...
Warburg Pincus to evaluate buying majority stake in Nuvama Wealth: Report
American private equity firm Warburg Pincus is said to evaluate a proposal to purchase a majority equity stake in Nuvama Wealth Management with promoter entity Pagac Ecstasy Pte Ltd looking to offload its 54% stake...
PNB sells entire 21% stake in ISARC for Rs 34 crore
State-owned Punjab National Bank said it has sold its entire 21 per cent stake in India SME Asset Reconstruction Company Limited (ISARC) for Rs 34 crore. In March, the Reserve Bank of India had granted approval for...
PE firm True North exits Zydus Wellness; sells 7.27% stake for Rs 879 crore
Mumbai-based True North on Tuesday exited Zydus Wellness by divesting its entire 7.27 per cent stake in the company while PPFAS Mutual Fund acquired the shares for Rs 879 crore through an open market transaction...
UGRO Capital shares rally 7% as firm to acquire Profectus Capital for Rs 1,400 crore cash deal
UGRO Capital shares rallied 7% to their intraday high of Rs 183.35 on the BSE on Wednesday as the non-banking financial company (NBFC) is all set to acquire Profectus Capital Private Limited for Rs 1400 crore in an all...
CCI okays Mahindra’s proposal to acquire 59 pc stake in SML Isuzu for Rs 555 crore
The Competition Commission of India (CCI) on Tuesday cleared Mahindra & Mahindra’s proposed acquisition of a nearly 59 per cent stake in commercial vehicle maker SML Isuzu for Rs 555 crore. Mahindra &...
Bhushan Power and Steel lenders move SC for review of JSW Steel decision
Bhushan Power and Steel (BPSL) lenders including SBI, led by the Punjab National Bank, on Monday moved the Supreme Court seeking review of its May 2 judgment that scrapped the JSW Steel’s acquisition of the debt-laden...
