Reliance Industries Ltd (RIL) has entered into a definitive agreement to acquire 50% shares held by IMG Singapore Pte. Ltd in IMG-Reliance Ltd, for a cash consideration not exceeding ₹52.08 crore, the company said in a...
Prime Focus promoter to acquire 33% stake in company from Credit Suisse for Rs463 crore
The promoter group of Prime Focus Ltd on Thursday said that they have entered into an agreement with Credit Suisse to acquire a 33.12% stake in the company at a price of Rs44.15 per share aggregating to Rs463 crore...
SBI Life acquires 9% stake in Paisalo Digital for ₹186.20 crore
SBI Life Insurance Company on Thursday said it has acquired nearly 9% stake in non-banking finance company Paisalo Digital for about ₹186.20 crore through the open market. SBI Life has acquired a total of 38,00,000...
India clocks $80 bn of M&A activity, PE deals in ’20: report
Despite the pandemic, economic slide and geopolitical tensions, deal values in 2020 kept apace with the previous year, reaching $80 billion across 1,268 transactions, according to a PwC India report. This marked a 7%...
Apple somehow thrived after not buying Tesla
Tim Cook must be gutted. What that chart doesn’t quite capture, of course, is that Apple Inc.’s CEO apparently had the chance to buy Tesla Inc. sometime back when the electric-car maker was valued at only a tenth of...
Slurrp Farm raises $2 million from Fireside Ventures to expand product portfolio
Gurugram-based Slurrp Farm, a start-up offering healthy snacks and mealtime options for young children, raised $2 million in a Series A round from Fireside Ventures, it said Wednesday. Fireside is a multi-stage venture...
Wipro and METRO AG sign digital, IT deal
Software services firm major Wipro Ltd on Tuesday announced a strategic digital and IT partnership deal with German wholesaler METRO AG, in a deal that is expected to generate revenue of over ₹1,000 crore per year for...
Oaktree urges lenders of DHFL to treat its bid fairly
Oaktree Capital, which is in a tight race to acquire Dewan Housing Finance Limited ( DHFL) has written to the lenders of the mortgage financier urging fair treatment in the evaluation process of its bid. In a letter...
EIL shareholders approve ₹587 crore share buyback plan
Shareholders of state-owned Engineers India Ltd (EIL) have approved buyback of nearly 7 crore shares for about ₹587 crore with a view to return surplus cash to shareholders, the largest being the government of India. In...
Infosys and Daimler announces partnership for IT infrastructure transformation in the automotive sector
Daimler and Infosys today announced a long-term strategic partnership for a technology-driven IT infrastructure transformation. After the receipt of all regulatory approvals, Daimler AG will transform its IT operating...
Cryptocurrency exchange CoinDCX raises ₹100 crore in Series B funding round
Cryptocurrency exchange platform CoinDCX has raised ₹100 crore ($13.9 million) in a Series B funding round led by Block.one and included DG, Jump Capital, Uncorrelated Ventures, Coinbase Ventures, Polychain Capital...
Piramal makes his case as bid for DHFL intensifies
Billionaire Ajay Piramal on Monday made a strong case for the resolution plan submitted by his group for the troubled Dewan Housing Finance Corp. Ltd (DHFL). In a letter to DHFL’s administrator R. Subramaniakumar, he...
