India’s antitrust watchdog, the Competition Commission of India, has approved the proposed merger of Hinduja Leyland Finance with and into NDL Ventures, clearing the path for a consolidation move aimed at streamlining...
Axis Asset Management Co-Axis Securities deal gets CCI nod
Fair trade regulator CCI has approved the acquisition of portfolio management services business of Axis Securities Ltd by Axis Asset Management Company Ltd. “The proposed combination is in the nature of an...
BLS E-Services to acquire Atyati Technologies
BLS E-Services on Monday said it will acquire a 100 per cent stake in Atyati Technologies for Rs 154 crore. In a regulatory filing, the company informed that the acquisition would be an all-cash deal and is expected to...
Torrent Power agrees to acquire Nabha Power from L&T
Torrent Power Ltd has agreed to acquire 100% equity and convertible instruments in Nabha Power Ltd from L&T Power Development Ltd, a wholly owned subsidiary of Larsen & Toubro. Nabha Power is a wholly owned...
Jindal Power, Vedanta and Havells among 22 bidders for Gupta Power
Jindal Power, Vedanta and Havells India are among 22 prospective bidders that have submitted expressions of interest (EoIs) to acquire debt-laden Gupta Power Infrastructure, which has admitted debtor claims of ₹4,240...
Ixigo acquires 60% stake in Spain-based train ticketing platform Trenes for Rs 125 crore
Le Travenues Technology, the parent company of online travel aggregator Ixigo, has acquired a 60% majority stake in Spain-based online train ticketing platform Trenes for €12 million (around Rs 125 crore). The...
Manappuram Finance shares in focus as RBI clears Bain Capital’s 41.66% stake buy
Shares of Manappuram Finance are likely to remain in focus on Monday after the company received the Reserve Bank of India’s (RBI) final approval for Bain Capital affiliates to acquire up to 41.66% stake in the gold loan...
Lodha Developers buys 80% stake in Pune-based SRPL for Rs 294 crore to expand business
Realty firm Lodha Developers Ltd has acquired an 80 per cent stake in Pune-based Solidrise Realty for Rs 294 crore, as part of its expansion plan. Mumbai-based Lodha Developers Ltd is one of the leading real estate...
Burman-backed Religare Enterprises announces demerger to unlock shareholder value
Burman family backed-Religare Enterprises Ltd (REL) has approved a plan to demerge its financial services and insurance businesses into two separately listed entities, in a move aimed at unlocking shareholder value and...
Alkem Labs unit to buy up to 55% of Occlutech for $118 million
Alkem Laboratories’ medical devices unit will buy up to a 55% stake in Switzerland’s Occlutech Holding for 99.4 million euros ($118 million), the Indian pharma company said on Friday, marking its entry into...
RMZ to pick up 50% stake in Signature Global’s Gurugram project for Rs 1,283 cr
Bengaluru-based RMZ has agreed to invest Rs 1,283 crore for a 50% stake in a commercial project of NCR-based Signature Global in Gurugram. The two companies plan to infuse a total nearly Rs 5,000 crore into the project...
Alkem Labs unit to buy up to 55% of Occlutech for $118 million
Alkem Laboratories’ medical devices unit will buy up to a 55% stake in Switzerland’s Occlutech Holding for 99.4 million euros ($118 million), the Indian pharma company said on Friday, marking its entry into...
