Perfios, a provider of software services to banks and financial services companies, has acquired IHX, a healthcare information exchange platform, marking its third acquisition in two months. The financial terms of the...
After Sunil Mittal, Mukesh Ambani’s Reliance aims for Haier India stake
Mukesh Ambani-led Reliance Industries Ltd (RIL) has emerged as a key contender for a significant stake in the Indian operations of Chinese consumer electronics and appliance manufacturer Haier, which is seeking to...
Nokia sells stake in Vi, raises Rs 785.67 crore
Nokia Solutions and Networks India Pvt Ltd has sold off its 0.95% stake in Vodafone Idea (Vi) via a bulk deal to marquee global investment banks, including Goldman Sachs, amongst others, raising Rs 785.67 crore. As per...
Harvard University said to be exploring $1 billion of private equity stakes sale
Harvard University’s endowment is in advanced talks to sell private equity fund interests totaling about $1 billion, a person familiar with the matter said on Thursday. The sale process started last year and is...
Devyani International buys 80% in Biryani by Kilo for Rs 419 crore
Devyani International Ltd (DIL), franchise operator of KFC and Pizza Hut in India, has acquired an 80.7% percent stake in Sky Gate Hospitality, the parent company of Biryani by Kilo, it said in a stock exchange filing...
National Company Law Tribunal okays sale of 18 IL&FS units in Mumbai
The National Company Law Tribunal (NCLT) has cleared the sale of 18 commercial units at Kohinoor Square in Mumbai to the Gajra Brothers and associated parties for about ₹315 crore. The units are currently held by...
Dulux Duel: JSW Paints, Advent-Indigo in race to acquire Akzo India
Sajjan Jindal-led JSW Paints is competing with a consortium of Advent International and Indigo Paints to acquire Akzo Nobel India, the owner of Dulux Paints, from its Dutch parent Akzo Nobel NV, which is looking to exit...
Used-car seller Cars24 acquires auto forum Team-BHP
New and used car retail platform Cars24 said on Wednesday that it has acquired automotive review and discussion forum Team-BHP. Details of the deal were not disclosed. According to a statement by Cars24, Team-BHP will...
CCI approves Kandhari Beverages proposal to acquire Coca-Cola’s bottling arm for Rs 2,000 crore
Last month, Coca-Cola said that it is selling its bottling plant in the north Gujarat region to Kandhari Global Beverages. Though the company has not shared financial details, industry insiders have pegged the deal to...
Airtel to acquire entire 400 Mhz spectrum of Adani Data Networks
Bharti Airtel on Tuesday announced the company, along with its subsidiary Bharti Hexacom Limited, would acquire rights to use entire 400 megahertz spectrum of Adani Data Networks (ADNL). ADNL had acquired 400 Mhz...
Ambuja Cements completes acquisition of promoters’ 37.8% stake in Orient Cement
Adani Group-owned Ambuja Cements has completed the acquisition of 37.8 per cent promoters’ stake of CK Birla group firm Orient Cement Ltd (OCL) and has become a promoter. With this, the total shareholding of...
360 ONE WAM to acquire UBS India wealth biz in Rs 307 crore deal
360 ONE WAM Ltd on Tuesday announced the acquisition of UBS AG’s India wealth management business in a transaction valued at Rs 307 crore, further strengthening its presence in the domestic wealth management sector. The...
