ITC has acquired 2.44% equity in luxury hospitality company EIH Limited while buying 0.53% of the share capital in HLV Limited, the company on Wednesday informed the exchanges post-market hours. The shares were acquired...
Grammarly to acquire productivity startup Coda
Writing assistance software maker Grammarly said it is acquiring productivity startup Coda in a deal that will see its current CEO Rahul Roy-Chowdhury stepping down from his role. Coda cofounder Shishir Mehrotra will be...
Italian stationery maker FILA cuts stake in listed Indian unit DOMS
Italian stationery maker FILA has initiated the sale of up to 4.57% of shares in its Indian unit DOMS, it said on Wednesday. The stake sale is being conducted through an accelerated book building (ABB) process starting...
Varun Beverages shares jump nearly 2% on acquiring 40% stake in Lunarmech
Shares of PepsiCo’s bottling partner Varun Beverages jumped 1.7% to their intraday high of Rs 657 on the BSE after the company announced that it has completed the acquisition of a 39.93% stake in Lunarmech. This makes...
Quadria Capital to pick up minority stake in drug company Aragen
Quadria Capital, Singapore-headquartered Asia focused healthcare private equity firm, will pick up a minority stake in Hyderabad-based contract research development and manufacturing organisation (CRDMO) Aragen Life...
GIC buys a majority stake in hospital platform Asia Healthcare Holdings
GIC, Singapore’s sovereign wealth fund, has acquired a majority stake in Asia Healthcare Holdings, the single specialty hospitals platform backed by GIC and TPG. On Wednesday, GIC has announced an additional $150...
Adani Cement to merge Sanghi & Penna units with Ambuja Cements
Adani Cement Tuesday said it will merge Sanghi Industries and Penna Cement Industries with flagship Ambuja Cements, consolidating the recently acquired companies under a single entity. Shareholders will get a dozen...
Jindal Saw to acquire 31.20 pc stake in ReNew Green Energy for undisclosed amount
Jindal Saw on Tuesday said it has inked a pact to acquire 31.20 per cent equity in ReNew Green Energy. However, the company did not divulge the financial details of this equity acquisition. In a filing, Jindal Saw said...
Zydus exits investment in Mylab Discovery Solutions
Zydus Animal Health & Investments Limited (ZAHL), part of Zydus Group is exiting its investment in Mylab Discovery Solutions Private Limited by selling its shares in the diagnostics company back to Adar Poonawalla’s...
Lite Bite Foods in talks to sell minor stake to strategic investors
Lite Bite Foods, which runs restaurant chains Punjab Grill, Street Foods, YouMee and Asia 7, has initiated talks with private equity firms and strategic investors to sell a minority stake in the company, executives with...
CCI okays KKR’s proposal to acquire stake in Rebel Foods
The Competition Commission of India (CCI) on Monday approved global investment firm KKR’s proposal to acquire a stake in home-grown food-tech company Rebel Foods. US-based KKR (Kohlberg Kravis Roberts & Co)...
JSW Neo ahead in sprint for O2 Power, Macquarie also in fray
JSW Neo Energy, a wholly owned subsidiary of listed JSW Energy, has emerged as the lead bidder to acquire O2 Power, the renewable energy platform held by Swedish asset manager EQT Partners and Singapore’s Temasek...
