IT major Tech Mahindra on Friday announced that the company approved the proposal to acquire 100% equity shares in Allyis India Private Limited and the company’s wholly-owned subsidiary viz., Tech Mahindra (Americas)...
Annapurna Finance raises ₹260 cr in latest funding round
Odisha-based microfinance lender Annapurna Finance has raised ₹260 crore ($35 million) from a clutch of investors to mainly fund its digital transformation and green financing. Annapurna Finance said the $35 million...
Mahindra Logistics acquires 100% stake in Meru
Third-party logistics solution provider Mahindra Logistics Ltd (MLL) has announced its acquisition of Meru today. The company has acquired 100 per cent equity share capital of Meru Mobility Tech Private Limited, V-Link...
Starboard takes 6.5% stake worth around $800 million in GoDaddy
Activist investor Starboard Value LP has a sizable stake in GoDaddy Inc. and plans to push the domain registrar to boost its performance. Starboard controls a roughly 6.5% stake in the company worth around $800 million...
RIL arm to invest ₹300 cr in robotics co
Reliance Retail Ventures Ltd, the retail unit of Reliance Industries Ltd, is likely to acquire a minority stake in warehouse robotics company Addverb Technologies Pvt. Ltd for around ₹300 crore, two people familiar with...
FactSet to buy Cusip from S&P for $1.9 billion in open-data push
FactSet Research Systems Inc., a financial data supplier, agreed to buy S&P Global Inc.’s Cusip Global Services for $1.9 billion in cash to gain data elements for new financial instruments. FactSet said the planned...
Sachin Tendulkar invests in Tiger Global-backed used cars platform Spinny
Former Indian cricketer Sachin Tendulkar has invested an undisclosed amount in pre-owned cars platform Spinny, the company said in a statement on Tuesday. Besides being a strategic investor in the company, Tendulkar is...
Rebel Foods to invest $150 million to acquire, scale food brands
Internet restaurant company Rebel Foods, which turned a unicorn after a recent $175 million funding round, said it will invest $150 million in “strategic” investments and acquisitions in India as well as overseas...
HDFC acquires stake in Ansal Housing via invocation of pledged shares
HDFC Ltd today announced that it has acquired 8.42% stake in real estate developer Ansal Housing through invocation of pledged shares. The non-banking lender has invoked pledge on 5 million shares of Ansal Housing to...
Govt invites EoIs for strategic sale of PDIL and HLL
The department of investment and public asset management (DIPAM) Tuesday issued preliminary information memorandum and expression of interest for strategic disinvestment of its full equity in Projects & Development...
Aramco explores investment in RIL clean energy unit
Saudi Aramco is exploring an investment in Reliance Industries Ltd’s (RIL’s) clean energy unit, two people aware of the development said, close on the heels of the world’s largest oil company scrapping a $15 billion...
Infosys Consulting acquires Singtel’s delivery centre in Malaysia for $4.4 mn
Infosys Consulting Pte. Ltd., a wholly-owned subsidiary of Infosys Ltd, said on Wednesday that it has acquired a 100% of the share capital of Singapore Telecommunications Ltd’s (Singtel) delivery centre in Malaysia –...
