Adani Power on Monday received approval from the committee of creditors for acquiring Vidarbha Industries Power Ltd (VIPL), which is undergoing insolvency proceedings. VIPL owns and operates a 2×300 MW (600 MW)...
Mphasis, Hexaware, Chryscap join race to acquire SLK Software
Mphasis, Hexaware Technologies, TPG Capital-owned Altimetrik and private equity fund Chryscapital are among those who have shown initial interest to acquire a majority stake in the Bengaluru-based technology services...
Bain Capital closes in on likely $1 billion Manappuram Finance deal
Bain Capital is finalising a deal with the promoters of Manappuram Finance to buy a controlling stake in the Kerala-based gold loan provider and non-bank lender, people aware of the development said. The Reserve Bank of...
KKR to buy cancer care hospital chain HCG from CVC for $400 million
KKR has acquired a controlling stake in leading cancer care hospital chain Healthcare Global from private equity peer CVC Capital Partners for Rs 3466 crore ($400 million), doubling down on the healthcare sector that...
NCLT approves Reliance Big resolution plan
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved entrepreneur Manoj Kumar Upadhyay and his affiliate ACME Cleantech Solutions’ application to acquire formerly Anil Ambani-promoted Reliance...
SC stays NCLAT order directing NBCC to take over Supertech projects
The Supreme Court on Friday stayed the National Company Law Appellate Tribunal’s December order that directed NBCC (India) to take over and complete all the 16 projects of debt-ridden real estate firm Supertech...
Granules acquires Swiss firm for Rs 192 cr; forays into CDMO space
Drug firm Granules India on Friday said it has acquired Switzerland-based CDMO firm Senn Chemicals AG for CHF 20 million (around Rs 192 crore). Senn develops and manufactures, Peptides and Peptides-based applications...
Head Digital Works to acquire Adda52 parent firm for Rs 491 crore
Head Digital Works (HDW), an online skill gaming company, on Friday, said it will acquire Deltatech Gaming Ltd (DGL), the parent firm of online poker platform Adda52, for Rs 491 crore. The transaction will be executed...
Premji Invest, Ranjan Pai family office seek CCI nod to acquire stakes in Akasa Air
Tech tycoon Azim Premji’s global investment arm, Manipal Group Chief Ranjan Pai’s family office and 360 ONE Asset have sought approval from fair trade regulator CCI to acquire stakes in domestic carrier...
Yuma Energy acquires Chennai-based Grinntech to boost battery solutions
Yuma Energy, a Battery-as-Service (BaaS) firm, on Thursday announced the acquisition of Chennai-based energy storage solutions start-up Grinntech Motors & Services for an undisclosed sum. Integrating...
Nexus Select Trust to acquire Ludhiana mall, hotel for Rs 490 crore
The board of directors of Nexus Select Mall Management, manager to listed Real Estate Investment Trust (REIT) Nexus Select Trust has approved the acquisition of an operational mall and a hotel in Ludhiana for an...
NCLT approves Rs 6,000 crore sale of Chenani Nashri Tunnelway to Cube Highways
The National Company Law Tribunal (NCLT) has approved the sale of Chenani Nashri Tunnelway (CNTL), owned by IL&FS Transportation Networks, to Cube Highways and Infrastructure II, clearing the sale of the large asset...
