Brookfield Asset Management, the New York headquartered alternative asset manager has sold its 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India, structured in two phases, according to a...
Dubai-based IHC’s arm sells stake in Adani Enterprises
Dubai-based IHC’s arm has sold 84.49 lakh shares in Adani Enterprises for around Rs 1,800 crore, according to a filing. The sale was executed through two entities — Green Vitality RSC and Green Energy Investment Holding...
Jio Financial buys out SBI’s stake in payments bank JV
Jio Payments Bank, a joint venture between Jio Financial Services and the State Bank of India (SBI), is set to become a wholly-owned subsidiary of the Mukesh Ambani-promoted financial services company. On Tuesday, the...
CCI okays JSW Energy’s proposal to acquire KSK Mahanadi Power Company
The Competition Commission of India on Tuesday cleared JSW Energy’s proposal to acquire KSK Mahanadi Power Company. “The proposed transaction involves the acquisition of 100% shareholding in KMPCL (which is...
CCI approves Ambuja Cements’ acquisition of Orient Cement
India’s antitrust watchdog, approved Ambuja Cements’ acquisition of India Cements on Tuesday, months after the Adani Group company first announced the deal. Ambuja Cements, India’s second-largest...
M2P Fintech in talks to acquire AI startup Vue AI in distress deal
M2P Fintech, a financial technology infrastructure startup, is in advanced talks to acquire Mad Street Den that owns the artificial intelligence platform Vue.ai in a distress sale for around $10-15 million in cash and...
Adani Wilmar to acquire GD Foods Manufacturing at Rs 603 crore
The manufacturer of Fortune edible oil, Adani Wilmar Ltd on Tuesday announced it is going to acquire GD Foods Manufacturing (India), which sells the Tops range of sauces and condiments, valuing the New Delhi-based...
Senores Pharma to acquire 14 ANDAs from Dr Reddy’s Laboratories
Gujarat-based Senores Pharmaceuticals on Tuesday said it will acquire a basket of 14 Abbreviated New Drug Applications from Dr Reddy’s Laboratories for an undisclosed amount. Senores Pharmaceuticals, Inc, USA, a...
ChrysCapital, Theobroma in talks again
ChrysCapital has restarted discussions to acquire pan-India bakery chain Theobroma Foods at a significantly lower price than the original valuation ask of Rs 3,000 crore ($344 million) from the founding family and other...
Jindal Power wins bid for Bhadreshwar Vidyut; to pay Rs. 500 crore
Jindal Power has won the bid for Gujarat-based Bhadreshwar Vidyut which is undergoing insolvency proceedings, according to the company’s bankruptcy administrator. The privately owned Naveen Jindal group company is said...
Coca-Cola sells North Gujarat bottling operations for Rs 2,000 cr
Coca-Cola India has sold its bottling operations in north Gujarat to Kandhari Global Beverages Group, one of its top four independent franchisee bottlers, for close to Rs 2,000 crore, executives directly aware of the...
Italian firm to acquire Nashik-based Right Tight Fasteners
In one of the largest foreign investment deals in India’s auto parts industry, Fontana Gruppo is buying a majority in Nashik-based Right Tight Fasteners (RTF) that will give the Italian company a bigger presence in the...
