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...
Unicommerce acquires shipping automation company Shipway Technology
Ecommerce software company Unicommerce Esolutions has completed the acquisition of the 57.24% stake it did not own in shipping automation services provider Shipway Technology, making it a wholly owned subsidiary. The...
HUL buying 14.3% stake in recycled plastics company Lucro
Hindustan Unilever (HUL) on Thursday said it is acquiring a 14.3% stake in Lucro Plastecycle, a recycled flexible plastics maker, as part of its sustainability goals and to scale up the use of recycled content in...
Hero acquires stake in Euler
The country’s largest two-wheeler maker Hero MotoCorp Thursday said it will make a strategic investment of Rs 525 crore in electric three-wheeled commercial vehicle maker Euler Motors. The investment, to be made in one...
PTC India divests stake in PTC Energy to ONGC Green
PTC India on Thursday said it has divested its entire stake in PTC Energy to ONGC Green after receiving the remaining Rs 254 crore as part of the deal. Upon receipt of the total consideration of Rs 1,179 crore...
CCI cleared seven M&A deals in media sector over past five years: I&B ministry
The Competition Commission of India (CCI) approved seven M&A deals in the media and entertainment sector over the past five years while ensuring competition safeguards, Minister of State for Information and...
Oberoi Realty to sell 21.74% in JV I-Ven Realty to Alpha Wave for Rs 1,250 crore
Realty developer Oberoi Realty has entered into agreement with global investment firm Alpha Wave Ventures II, LP to sell 21.74% stake in its joint venture company, I-Ven Realty for Rs 1,250 crore. This marks one of the...
Radha Smelters receives NCLT’s nod to acquire GVK Gautami Power
The National Company Law Tribunal (NCLT) has approved steel manufacturer Radha Smelters Pvt Ltd’s resolution plan to acquire GVK Gautami Power Ltd through the insolvency resolution process. The Hyderabad-based TMT...
HUL shares in focus after CCI approves acquisition of skincare brand Minimalist
Shares of FMCG major Hindustan Unilever (HUL) will be in focus on Tuesday after the Competition Commission of India (CCI) approved the company’s proposal to acquire Uprising Science, the parent company of beauty and...
Life after Bajaj: Allianz fast tracks plans of new alliance with Jio Financial
Allianz SE is stepping up efforts to forge an alliance with Mukesh Ambani-led Jio Financial Services (JFSL) for a second stab at the domestic life and general insurance market, said people in the know. This follows...
Brookfield Corp sells 5.13 pc unit holding in BIRET for Rs 883 crore
US-based Brookfield Corp on Tuesday divested a 5.13 per cent unit holding in Brookfield India Real Estate Trust (BIRET) for Rs 883 crore through open market transactions. According to the bulk deal data on the BSE...
