Nirma Group-backed Nuvoco Vistas offered ₹1,800 crore to acquire Vadraj Cement, outbidding Adani Group at an auction under the court-monitored corporate insolvency process, said people aware of the matter. JSW Group, JK...
Advik acquires German braking system manufacturer Powersports MTG
Global automotive components maker Advik on Tuesday said it has acquired German mechanical and hydraulic braking system manufacturer Powersports MTG for an undisclosed sum. The acquisition will create additional...
Temasek noses ahead in Haldiram race, Alpha Wave still in fray
Temasek is said to be leading in discussions to buy a minority stake in Haldiram Snacks Food for northwards of $1 billion after it chose to go solo, following Bain Capital opting out of the fray after the two had...
Tata Electronics gets CCI’s clearance to acquire majority stake in Pegatron India
The Competition Commission of India (CCI) on Tuesday approved Tata Electronics’ proposal to acquire a majority stake in Apple’s contract manufacturer Pegatron Technology India. Tata Electronics Pvt Ltd...
Nippon, US Steel sue Biden admin for blocking merger
Nippon Steel and US Steel on Monday filed a federal lawsuit challenging the Biden administration’s decision to block a proposed nearly $15-billion deal for Japanese company to acquire the American steelmaker. and...
India steel ministry proposes KIOCL, NMDC merger: Govt official
The Indian steel ministry is proposing a merger between state-run KIOCL and NMDC, a government official said on Monday. Mining company NMDC aims to export iron ore pellets from KIOCL post the merger, the official told...
Nuvoco Vistas to acquire Vadraj Cement through insolvency route
Nuvoco Vistas Corp, a key producer of cement in East India, has emerged as the successful applicant to buy Vadraj Cement under the Corporate Insolvency Resolution Process. Gujarat-based Vadraj Cement, formerly owned by...
Airtel, Vodafone Idea exit Wi-Fi JV Firefly Networks
Bharti Airtel and Vodafone Idea have each signed a deal to sell their respective stakes in Firefly Networks, a Wi-Fi infrastructure provider, to digital infrastructure solutions provider iBus Network and Infrastructure...
Agrochem company Crystal Crop buys Bayer’s herbicide input business
Agrochemical firm Crystal Crop Protection on Sunday said it has acquired the herbicide active ingredient Ethoxysulfuron from Germany’s Bayer AG for sales in select Asian markets, in a deal expected to boost its...
HDFC Bank gets RBI nod to pick up 9.5% stake in Kotak Bank, AU and Capital SFBs
India’s largest private sector lender HDFC Bank has received the Reserve Bank of India’s approval to pick up an aggregate stake of up to 9.5% in Kotak Mahindra Bank, AU Small Finance Bank and Capital Small...
IFC, ADB, DEC get CCI’s clearance to acquire stake in Fourth Partner Energy
Fair trade regulator CCI on Tuesday cleared the World Bank’s IFC, Asian Development Bank (ADB) and German government’s DEG proposal to acquire a stake in Fourth Partner Energy. IFC — a member of the...
Sun Pharma shares in spotlight as company to sell 100% stake in Japanese arm
Sun Pharmaceutical Industries’ share price will remain in focus on Wednesday after the company announced its plan to sell its entire holding in its Japanese subsidiary. In an exchange filing, Sun Pharma stated...
