The government is considering a fresh stake sale in Life Insurance Corporation of India (LIC) that could raise as much as Rs 10,000 crore, as New Delhi looks to deepen public shareholding in the country’s largest...
Economic Times
Government okays Skymap Pharmaceuticals’ Rs 121-cr bid to buy IMPCL
The government has approved strategic sale of Indian Medicines Pharmaceutical Corporation Ltd (IMPCL) to Skymap Pharmaceuticals Pvt Ltd for over Rs 121 crore, the finance ministry said on Tuesday. The government had...
CCI clears Mercuria-Tata International JV, approves Indovida-EPL merger
The Competition Commission of India (CCI) on Tuesday said it has cleared a proposed joint venture between Mercuria Energy Netherlands BV and Tata International Singapore (Pte), and the merger of Indovida India into EPL...
Park Medi World to acquire Medicity Hospital in Rudrapur, enter Uttarakhand
Hospital chain Park Medi World Ltd on Monday said it will acquire 100 per cent of the outstanding shareholding of The Medicity Hospital, Rudrapur, in an all-cash transaction valued at Rs 177 crore. The acquisition marks...
Adani, GMR among shortlisted bidders for $400 million IntelliSmart deal
India’s leading smart meter platform IntelliSmart Infrastructure has entered the final leg of its sale process, with an Adani Group entity in the four-bidder shortlist for the next round of negotiations, multiple...
Anupam Rasayan to acquire up to 43 pc stake in Bliss GVS Pharma for around Rs 1,369 cr
Specialty chemicals maker Anupam Rasayan India has signed an agreement to acquire up to 43.3 per cent stake in pharmaceutical formulations company Bliss GVS Pharma Ltd for an estimated Rs 1,369.51 crore and launch an...
Elevation Capital sells Rs 964 crore Paytm Shares via block deals
According to stock exchange filings, multiple entities under Saif Partners participated in the bulk deals, selling shares worth about ₹964 crore. Saif Partners, which is among Paytm’s earliest investors, was...
China’s JD.com weighs £2 billion bid for UK retailer The Very Group: Report
Chinese ecommerce giant JD.com is eyeing a potential £2 billion ($2.69 billion) bid for the British online shopping platform The Very Group, Sky News reported on Friday, in its latest push to expand in the UK...
Hexaware to buy UK consulting company CPS in Rs 140 crore deal
Hexaware Technologies has signed an agreement to acquire the UK- and the UAE-based consulting firm Consulting Professionals Services Holdings Limited (CPS) in a deal valued at up to £11 million (about Rs 140 crore), as...
Dalmia Bharat buys Jaiprakash cement assets from Adani for Rs 2,850 crore
Dalmia Bharat said on Friday it is acquiring the cement business of Jaiprakash Associates from the Adani Group for an enterprise value of ₹2,850 crore. The cement-maker will acquire 5.2 million tonnes of cement capacity...
CCI approves stake purchase in Burger King India operator by Lenexis consortium
Competition Commission of India on Wednesday approved the acquisition of a partial ownership in Restaurant Brands Asia Ltd, the operator of Burger King outlets in India, by a consortium led by Lenexis Foodworks Pvt Ltd...
Adani Power inks deals to buy Jaiprakash Power stake, Churk assets for over Rs 4,193 crore total
Adani Power on Thursday said it has entered into definitive agreements with Jaiprakash Associates Ltd (JAL) to acquire a 24% stake in Jaiprakash Power Ventures Ltd (JPVL) and the 180 MW Churk thermal power plant in...
