Tata Power is looking to diversify into the small modular nuclear reactor business besides divesting $1 billion of non-core international assets, said Praveer Sinha, CEO and managing director, on Tuesday. “We are...
Avendus Future Leaders Fund picks minority stake in La Renon for Rs 160 crore
Avendus Future Leaders Fund (FLF), the flagship private strategies fund of the Avendus Group, on Tuesday said it has taken a minority stake in Ahmedabad-based drugmaker La Renon Healthcare for Rs 160 crore. Avendus FLF...
JSW Steel, Jindal Steel, & Adani Natural Resources among 46 firms bidding for 20 coal blocks
JSW Steel, Jindal Steel and Power, Coal India’s arm Western Coalfields, Adani Natural Resources, and Damodar Valley Corporation are among the 46 companies that have bid for 20 coal blocks of the 27 offered under...
Indus to acquire 26% in Amplus Tungabhadra in Rs 27 cr all-cash deal
Indus Towers will acquire a 26% stake in Amplus Tungabhadra Pvt Ltd, a special purpose vehicle (SPV) involved in the renewable energy space, for a cash consideration of Rs 27 crore, the telecom tower company informed...
ABD acquires Pumori gin and Woodburns whiskey; strengthens premium spirits portfolio
Allied Blenders and Distillers said it has acquired all brands and other Intellectual Property rights from Fullarton Distilleries Private, the maker of Pumori gin and Woodburns whiskey for nearly Rs40 crore. ABD...
Paytm Cloud acquires 25% stake in US-based Seven Technology
Paytm Cloud has approved a Rs 8.7 crore ($1 million) investment in Seven Technology. The company will acquire a 25% stake in Seven, parent One 97 Communications said in a filing to the exchanges. Paytm Cloud is a wholly...
Nazara Technologies shares in focus as subsidiary acquires Starladder for $5.5 million
The shares of Nazara Technologies will remain in focus on Friday, January 31 after the company, earlier today announced that its subsidiary NODWIN Gaming has acquired Starladder, a leading esports IP and services...
Embassy Buildcon owner of WeWork India and WeWork Inc to divest around 25% stake through IPO
Flexible managed office firm, WeWork India has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) in order to raise funds through an initial public offering (IPO)...
JSW Infra promoters plan to sell stake to fund Rs 39,000 crore capex
Sajjan Jindal family plans to dilute 14% of its promoter shareholding in JSW Infrastructure to fund its ₹39,000-crore capex over the next five years. Alongside its ongoing expansion efforts, India’s second-largest...
RBI files application for insolvency proceedings against Aviom India Housing Finance
The Reserve Bank of India (RBI) has initiated insolvency proceedings against fraud-hit Aviom India Housing Finance, appointing a three-member advisory committee to assist former Punjab National Bank chief general...
Delhi HC refuses to stay Burman family’s open offer to buy an additional 26% stake in Religare
The Delhi High Court has refused to stay the Burman family’s open offer to buy an additional 26% stake in Religare Enterprises (REL) from public shareholders. The court has also refused to stay REL’s annual general...
Hindustan Unilever seeks CCI clearance to acquire Minimalist
FMCG major Hindustan Unilever Ltd has sought clearance from the Competition Commission of India to acquire beauty and personal care brand Minimalist’s parent company Uprising Science Pvt Ltd. “The acquirer...
