Neo Infrastructure Income Opportunities Fund (NIIOF), a SEBI-registered Category II Alternative Investment Fund (AIF), has signed definitive agreements to acquire two operational road assets from CDS Infra Projects for...
DLF buys 49.99 pc stake in DLF Urban from GIC arm for Rs 497 crore
Realty major DLF has acquired a nearly 50 per cent stake in its arm DLF Urban Private Limited for Rs 497 crore from Singapore’s Reco Greens. With this deal, DLF will have a 100 per cent stake in DLF Urban, which...
Aditya Birla Sun Life Mutual Fund announces merger of target maturity fund with corporate bond fund
Aditya Birla Sun Life Mutual Fund has announced the merger of its target maturity fund with the corporate bond fund. Aditya Birla Sun Life CRISIL IBX 60:40 SDL + AAA PSU – Apr 2025 Index Fund will be the merging...
EaseMyTrip enters aviation market; acquires 49% stake in Big Charter Pvt Ltd
In a move to expand its services, EaseMyTrip, one of India’s leading online travel agencies, announced Monday that it has entered the charter aviation market with the acquisition of a 49% stake in Big Charter Pvt Ltd...
TPG-led consortium set to acquire Siemens Gamesa Renewable Power for $500-550 million
A consortium led by TPG, along with industrialist Vellayan Subbiah of the Murugappa Group and former JSW Group senior executive Prashant Jain, is poised to acquire Siemens Gamesa Renewable Power for an enterprise...
Mahindra likely in talks to buy Sumitomo’s entire stake in SML Isuzu
Mahindra & Mahindra is in talks to buy Japan’s Sumitomo Corp’s entire 44% stake in heavy vehicle-maker SML Isuzu, CNBC Awaaz reported on Monday, citing sources. Indian automaker Mahindra is considering...
Tata Autocomp to acquire International Automotive Components Group Sweden
Tata AutoComp Systems Ltd on Monday said it will acquire International Automotive Components Group Sweden AB (IAC Sweden), in a bid to strengthen its presence in Europe’s automotive sector. This proposed...
Global cos eye majority in Madison’s ad business
The India units of French advertising and communications companies Publicis Groupe and Havas Network are in separate talks with Sam Balsara-owned Madison World for acquiring a majority stake in its advertising business...
Yahoo to sell TechCrunch to media investment firm Regent
Yahoo has signed a deal to sell its 20-year-old technology news platform TechCrunch to media investment firm Regent, the companies said on Friday. Financial terms of the transaction were not disclosed. Founded in 2005...
Reliance Industries Limited acquires 74% in Nauyaan Shipyard
Reliance Industries in a regulatory filing said its subsidiary Reliance Strategic Business Ventures (RSBVL) has acquired a 100% stake in Nauyaan Tradings Private Limited (NTPL) for ₹1 lakh. “Please note that...
Competition Commission of India dismisses allegations of anti-competitive practices against GMR Airports
Fair trade regulator CCI has dismissed allegations of anti-competitive practices against GMR Airports and Delhi Airport with respect to the awarding of certain contracts. The Indira Gandhi International Airport (IGIA)...
SBI MF, ICICI Prudential MF, Nippon India MF buy 4.12% stake in TBO Tek for Rs 537 cr
SBI Mutual Fund (MF), ICICI Prudential MF, and Nippon India MF on Friday acquired a 4.12 percent stake in travel distribution firm TBO Tek for Rs 537 crore through open market transactions. TBO Tek is a technology...
