The bankruptcy court approves Helios Photo Voltaic Ltd, earlier known as Moser Baer Photo’s acquisition by OCL Iron & Steel Ltd through an insolvency resolution process. Helios Photo Voltaic manufactures solar...
Hatsun Agro Product acquires Milk Mantra to expand presence in eastern India
Dairy firm Hatsun Agro Product (HAP) on Tuesday said it has completed the acquisition of Milk Mantra Dairy and its brand ‘Milky Moo’, strengthening its foothold in eastern India’s dairy market. The...
CCI approves Adani Group unit’s majority stake purchase in ITD Cementation India
The Competition Commission of India (CCI) has approved Adani Group entity Renew Exim DMCC’s acquisition of up to 72.64% stake in engineering firm ITD Cementation India, a deal, analysts have said, would further boost...
Donald Trump says Microsoft is in talks to acquire TikTok
President Donald Trump said Monday evening that Microsoft is among the US companies looking to take control of TikTok to help the popular app avert an effective ban that could kick-in in April. “I would say yes,” Trump...
JK Cement’s Saifco buy largest private investment in J&K, says Madhav Singhania, joint MD and CEO
JK Cement’s acquisition of Srinagar-based cement maker Saifco Cement is the first major venture by a national player in Jammu and Kashmir’s cement sector, according to Madhav Singhania, joint MD and CEO of...
RBI dissolves Aviom Housing board, to initiate IBC process
The Reserve Bank of India (RBI) announced on Monday it superseded the board of Aviom India Housing Finance due to governance issues and defaults in meeting various payment obligations. The RBI also announced its...
NCLAT dismisses insolvency proceedings plea against HUL
The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea against HUL, filed by an operational creditor seeking initiation of insolvency proceedings against the FMCG major. The appellate tribunal...
First-ever India logistics MBO: LOGOS team acquires $1 billion assets in two countries
A private consortium led by LOGOS Group co-founder Trent Iliffe, along with former India CEO Mehul Shah and Vietnam CEO Glenn Hughes, has acquired the LOGOS Vietnam and India business in a deal valued at $100 million...
360 One Wealth acquires Batlivala & Karani Securities for Rs 1884 crores
Wealth management company, 360 One Wealth and Asset Management (WAM) Monday announced the acquisition of Batlivala & Karani Securities and Batlivala & Karani Finserv for ₹1,884 crore. Of the total consideration...
Logistics startup Shadowfax acquires CriticaLog
Flipkart-backed hyperlocal logistics startup Shadowfax has acquired logistics firm CriticaLog for an undisclosed amount. The acquisition will enable it to expand its offerings by introducing tailored, high-value...
Is Oracle acquiring TikTok? Here’s what Donald Trump said about the sale
Former U.S. President Donald Trump has clarified reports regarding the potential sale of TikTok, denying any discussions with Oracle co-founder Larry Ellison but confirming that his team has engaged with multiple...
Advent set to acquire jewellery retailer Orra at nearly Rs 1,750 crore: sources
US buyout fund Advent International is in advanced negotiations to pick up a controlling stake in Orra Fine Jewellery, formerly owned by one of the country’s top diamond manufacturers and retailers, Rosy Blue Group...
