InterGlobe Enterprises, the parent company of India’s largest airline IndiGo, on Friday dismissed reports suggesting it is planning to sell a portion of its stake in the carrier as “speculative” and “without factual...
ITC completes acquisition of 24 Mantra Organic brand owner Sresta Natural
Multi-conglomerate ITC has completed the acquisition of Sresta Natural Bioproducts, which owns the ’24 Mantra Organic brand’ in an all-cash deal valued at Rs 472.50 crore. This will help ITC to expand its...
Manipal, Fortis in talks to raise Rs 5,000 cr for Sahyadri Hospitals bid
With the bidding deadline for Sahyadri Hospitals approaching on June 22, interested bidders including Manipal Health Enterprises and Fortis Healthcare are engaging with foreign lenders to raise financing of up to Rs...
InCred Money set to acquire discount broker Stocko, marking entry into retail broking
InCred Money, the digital-first wealthtech platform of financial services firm InCred Group, said it is set to acquire discount broking platform Stocko, marking its entry into the retail broking space. It did not...
BAT may begin phased stake sale in ITC Hotels: Sources
British American Tobacco (BAT) is likely to begin a phased sale of its stake in ITC Hotels, following the hospitality company’s demerger from ITC Limited earlier this year, sources told ET NOW. The sale could...
NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRP
The National Company Law Tribunal on Friday directed to initiate insolvency proceedings against Gensol Engineering and Gensol EV Lease after admitting the petitions filed by the Indian Renewable Energy Development...
Reliance Industries sells 3.64% stake in Asian Paints for Rs 7,703 crore
Billionaire Mukesh Ambani-led Reliance Industries on Thursday divested a 3.64 per cent stake in Asian Paints, while SBI Mutual Fund picked up the shares for Rs 7,703 crore through an open market transaction. Reliance...
PhonePe pares 5% stake in MapmyIndia for Rs 486 crore
Digital payments major PhonePe on Thursday trimmed its holding by selling a 5 per cent stake in CE Info Systems, the parent company of MapmyIndia, for Rs 486 crore through an open market transaction. PhonePe is an arm...
Cube Highways Trust acquires 2 highway assets in Jammu & Kashmir from NIIF for Rs 4,185 crore
Cube Highways Trust on Thursday said it has completed the acquisition of two highway assets in Jammu and Kashmir from the National Infrastructure Investment Fund at an enterprise value of Rs 4,185 crore. The Trust is...
Bank of Baroda top bidder in Jet Airways BKC office insolvency auction
In a significant development under the ongoing Jet Airways insolvency proceedings, public sector lender Bank of Baroda has emerged as the highest bidder for the airline’s 83,000 sq ft office space in commercial tower...
Jubilant promoters eye Rs 2,000 crore via stake sales for Hindustan Coca-Cola Beverages deal
Jubilant Bhartia Group promoters have initiated a process to sell minority stakes in their listed companies to raise Rs 2,000 crore to part-fund the acquisition of a 40% stake in Hindustan Coca-Cola Beverages (HCCB)...
NCLT clears merger of Inox Wind units
Inox Wind Energy Limited (IWEL) on Wednesday said it has received final approval from the National Company Law Tribunal, Chandigarh bench, for its merger with Inox Wind Limited (IWL). The merger is seen as an important...
