Refex Renewables & Infrastructure on Monday said its arm Refex Sustainability Solutions Ltd (RSSL) has completed acquisition of 51 per cent stake in Vyzag Bio-Energy Fuel. According to a regulatory filing, Vyzag Bio...
Adani Enterprises to exit Wilmar JV in $2 billion deal
Adani Enterprises Ltd (AEL) is set to exit its 25-year-old joint venture with Wilmar International in a deal worth around $2 billion. The funds will be used by AEL for its core infrastructure platforms such as energy...
Lupin acquires ‘Huminsulin’ in India from Eli Lilly and Co
Pharma major Lupin Ltd on Monday said it has acquired the anti-diabetic medicine ‘Huminsulin’ in India from Eli Lilly and Company for an undisclosed sum to further enhance its diabetes portfolio. Lupin has...
Blackstone, Carlyle and other PEs submit bids to unlock Access’ majority stake
About half a dozen global private equity funds including Blackstone, Carlyle, TPG, New Mountain Capital and Hillhouse Partners have shown interest in acquiring a majority stake in Chennai and Texas-based healthcare BPO...
UltraTech Cement to enter Northeast with Star trek
UltraTech Cement on Friday said it is acquiring an 8.69% stake in Meghalaya-based Star Cement from the promoter group for ₹851 crore, a strategic deal that will help India’s largest cement producer gain a foothold...
JSW Energy to buy O2 Power for $1.47 billion
JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, will acquire the Indian renewable energy platform O2 Power Pooling, the company said on Friday. The 4.6 GW renewable energy platform is 51:49%...
UltraTech Cement to buy 8.69% stake in Star Cement for Rs 851 crore
UltraTech Cement’s board has approved acquiring approximately 8.69% stake in Star Cement for a value not exceeding Rs 851 crore, the company said in an exchange filing. The nod for the acquisition comes close on...
NCLT admits insolvency plea against Hero Electric
A bankruptcy court in New Delhi has admitted Hero Electric Vehicles for a corporate insolvency resolution process in an application filed by its operational creditor Metro Tyres. The National Company Law Tribunal...
Murugappa family’s Mavco and Avenue Capital Group gets CCI nod to acquire MHM Holding
The Competition Commission of India (CCI) has approved Murugappa family affiliate Mavco Investments and Avenue Capital Group’s proposal to acquire Germany-based MHM Holding. MHM Holding is the parent company of...
Coforge, Cigniti forge ahead with proposed merger
Coforge and Cigniti Technologies are moving a step ahead toward a planned merger. The two companies have appointed EY and Axis Capital to prepare merger terms, which they intend to propose to their respective...
UltraTech Cement completes acquisition of 32.72% stake in India Cements
UltraTech Cement completed the acquisition of 32.72% stake in India Cements, an exchange filing by the company said on December 24. As per the statement, UltraTech completed the acquisition of 10,13,91,231 equity shares...
NCLT okays Sangamam Power’s resolution plan for Karvy Data Management Services
The National Company Law Tribunal (NCLT) has approved the resolution plan of Sangamam Power Projects for the acquisition of Karvy Data Management Services (KDMSL) and its subsidiaries. The ruling, delivered by an NCLT...
