Goodyear Tire and Rubber is planning to hive off and sell its farm tire business in India, a year after it sold its off the road business to Japanese major Yokohama for $905 million, said people aware of the development...
HUL acquires majority stake in Minimalist parent co Uprising Science for Rs 2,706 crore
Hindustan Unilever Limited (HUL), one of India’s leading FMCG companies, announced on Monday the successful completion of its acquisition of a 90.5% stake in Uprising Science at Rs 2,706.44 crore. The acquisition was...
Bankruptcy court dismisses insolvency plea against Dentsu Communication India
The bankruptcy court in Mumbai has recently dismissed an insolvency petition filed against Dentsu Communication India, citing a lack of evidence of operational debt and raising concerns over allegedly ‘fraudulent...
Shivinder Mohan Singh moves NCLT, files plea for personal insolvency
Former Fortis Healthcare promoter Shivinder Mohan Singh has moved a plea before the National Company Law Tribunal for personal insolvency, stating that his liabilities far exceed his assets. Singh has filed the plea...
LIC hikes its stake in Bank of Baroda to 7.05%
Insurance behemoth LIC on Monday said it has increased its stake in state-owned Bank of Baroda (BoB) by nearly 2 per cent to 7.05 per cent. The life insurance company has acquired additional 10.45 crore shares from open...
PFC, IREDA mull sale of Gensol EVs to secure loans
Power Finance Corp. (PFC) and Indian Renewable Energy Development Agency (IREDA) are considering a plan to auction the electric vehicles (EVs) that financially troubled Gensol acquired by taking loans from the two...
Delhivery, Ecom Express seek CCI nod for their Rs 1,400-crore deal
Logistic firm Delhivery Ltd and Ecom Express have sought the Competition Commission of India’s approval for their Rs 1,400-crore deal. Under the deal announced on April 5, Delhivery will acquire a controlling...
ITC increases its stake in Mother Sparsh to 49%, plans to complete acquisition by Q1 FY27
Diversified conglomerate ITC on Saturday announced that it will invest an additional Rs 81 crore in Mother Sparsh, increasing its stake in the Indian baby care brand from 26.5% to 49.3%. The investment will be made by...
NIIT to acquire remaining shares of IFBI, make it wholly-owned arm
NIIT Ltd board has approved the purchase of an additional 19.50 lakh equity shares of NIIT Institute of Finance Banking and Insurance Training Ltd (IFBI) to fully acquire the subsidiary, according to an exchange filing...
Shriniwas Spintex wins bid for Morarjee Textiles
Wardha-based Shriniwas Spintex Industries has been declared as the winning bidder to take over Ashok Piramal Group’s Morarjee Textiles, with a ₹156 crore offer against the total admitted pending debt claims of...
ITC to acquire Sresta Natural Bioproducts for Rs 472.5 crore
ITC Ltd is acquiring Sresta Natural Bioproducts, which owns the organic packaged staples brand ‘24 Mantra Organic’, for Rs 472.5 crore in an all-cash deal. The company will make an upfront payment of Rs 400 crore and...
Adani Ports to acquire Australian terminal in $2.4 bn non-cash deal
Adani Ports and SEZ Ltd, India’s biggest private port operator, announced on Thursday a USD 2.4 billion non-cash acquisition of a coal export terminal in Australia from a group company to strengthen its presence...
