KKR is set to acquire a controlling 51% stake in Bengaluru-based cancer care hospital chain Healthcare Global Enterprises (HCG) from private equity peer CVC Capital Partners, said people in the know, as the US buyout...
Namdhari Seeds acquires 100% stake in US-based Axia’s open-field vegetable seed business
Namdhari Seeds, a vegetable and flower seeds breeding company, has acquired a 100 per cent stake in US-based Axia’s open-field vegetable seed business. The species include tomatoes, hot and sweet peppers, melons...
NCLT okays JSW Energy’s buyout of KSK Mahanadi
The Hyderabad bench of the National Company Law Tribunal (NCLT) on Thursday approved Sajjan Jindal-promoted JSW Energy’s revival plan for KSK Mahanadi Power Company Ltd (KPMCL). Bankrupt KPMCL has admitted...
RBI allows Temasek unit to raise stake in AU Small Finance Bank, shares rise
The Reserve Bank of India has given its approval to a Temasek unit to raise its stake in AU Small Finance Bank, the lender said on Thursday. This may make Zulia the largest foreign portfolio investor in the lender. RBI...
Foxconn says it is open to buying a stake in Nissan
Taiwan’s Foxconn would consider taking a stake in Nissan for cooperation, its chairman said, as the Japanese automaker’s future hangs in the balance after stepping back from merger talks with Honda...
Tata Mutual Fund approves merger of quant fund and flexi cap fund
Tata Mutual Fund has approved the merger of Tata Quant Fund and Tata Flexi Cap Fund with the quant fund being referred to as the transferor scheme and flexi cap fund referred to as the surviving scheme. The record date...
Morgan Stanley buys 1.5% in Sterling & Wilson Renewable Energy
Investment banking firm Morgan Stanley on Tuesday bought a 1.5 per cent stake in Sterling and Wilson Renewable Energy for ₹103 crore through an open market transaction. Billionaire Mukesh Ambani’s Reliance New...
NCLT directs Hinduja Group to complete Reliance Capital acquisition by February 25
The Mumbai bench of the National Company Law Tribunal (NCLT) Monday heard IndusInd International Holdings Limited’s (IIHL) plea regarding the impasse in the Anil Ambani-promoted Reliance Capital resolution. The tribunal...
Due diligence of qualified bidders for IDBI Bank underway: MoS Finance
The due diligence of qualified bidders for IDBI Bank, which is up for privatisation, is underway, Minister of State for Finance Pankaj Chaudhary said on Monday. The government, along with LIC, is selling nearly 61 per...
Chalet Hotels to buy Westin Resort in Rishikesh for Rs 530 crore
Chalet Hotels said on Monday it has received the approval of the board of directors for the acquisition of Mahananda Spa and Resorts, the owning company of The Westin Resort and Spa, Himalayas in Rishikesh. It said it...
SC clears Equinox-Embassy merger, paving way for real estate consolidation
The Supreme Court of India on Monday dismissed an appeal challenging the merger of Equinox India Developments—formerly Indiabulls Real Estate Ltd.—with Embassy Group, effectively clearing the final legal hurdle for the...
Peak XV Partners sells 1% stake in SaaS firm Freshworks for $51.5 million
Venture capital firm Peak XV Partners has sold a nearly 1% stake in software-as-a-service (SaaS) company Freshworks for $51.5 million, according to filings made with the US Securities and Exchange Commission. The stake...
