Digital real estate platform Blox has acquired an 11% stake in advisory firm the Guardians for $12 million or over Rs 101 crore, with plans to increase its ownership to 50% over the next three years. This acquisition...
Wilson & Hughes acquires Cox & Kings, plans re-entry into travel market
Wilson & Hughes, a Singapore-based private equity firm, has acquired the 260-year-old travel brand Cox & Kings through the insolvency process. The acquisition includes over 200 sub-brands previously owned by Cox...
L&T Technology Services share price rises 5%: To acquire California based Intelliswift
L&T Technology Services Limited share price gained more than 5% in intraday trades on Tuesday. L&T Technology announced having signed a definitive agreement to acquire Silicon Valley-based Intelliswift, to...
ICICI Lombard buys stake worth ₹563 crore in ITC and Axis Bank
ICICI Lombard General Insurance Company Ltd has announced a major investment, acquiring shares worth ₹563 crore in ITC Limited and Axis Bank Limited. This transaction was completed during market hours on November 6...
Hero Electronix’s Tessolve acquires German chip design firm for ₹400 crore
Semiconductor design company Tessolve, owned by Hero Electronix, has acquired Germany’s Dream Chip Technologies for ₹400 crore, in a deal that would enable the Bengaluru-based technology firm design more complex...
NCLAT issues notice to Adani Power on plea contesting acquisition of Lanco Power
The National Company Law Appellate Tribunal (NCLAT) issued a notice to Adani Power Ltd on Monday in response to a plea challenging its approved resolution plan to acquire the bankrupt Lanco Amarkantak Power Limited...
Warbug Pincus to pare stake in Home First before acquiring Shriram Housing
The Reserve Bank of India has asked private equity firm Warburg Pincus to bring down its stake in mortgage lender Home First Finance to 20% or lower before completing the proposed acquisition of Shriram Housing Finance...
Adani Enterprises cancels demerger of stake in Adani Wilmar till it meets public float rules
The board of Adani Enterprises on Tuesday withdrew its earlier decision to spin off the shareholding of the group’s fast-moving consumer goods (FMCG) unit Adani Wilmar (AWL) and transferring the stake to its...
Transocean Discussing Merger With Rival Seadrill as Offshore Downturn Eases
Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., according to people familiar with the matter, just as oil explorers around the world are returning to the sea. Discussions are...
Reliance-Disney merger: CCI approves $8.5-billion deal in detailed order — Here’s what it entails
The Competition Commission of India (CCI) on Tuesday, October 22, published the 48-page detailed order approving the mega media assets merger of Reliance Industries and Walt Disney, entailing various conditions...
NCLT dismisses Anil Dhirubhai Ambani Ventures’ plea to block use of ‘Reliance’ brand by Hinduja Group
The Mumbai bench of the National Company Law Tribunal (NCLT) has dismissed an application filed by Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVL) seeking to stop the Hinduja Group from using the ‘Reliance’ brand as part...
PTC Industries shares rise over 4% on acquiring stake in UK-based Trac Precision Solutions
Shares of PTC Industries Limited jumped more than 4 per cent on Monday, October 21, to ₹13,480 following the announcement of the company’s strategic acquisition of Trac Precision Solutions Limited (TSPL), a UK-based...
