Cricketer Yuvraj Singh-backed nutrition company Wellversed has acquired Sportfit, a fitness coaching company that enables health outcomes through physical activities and diet counselling. Wellversed will continue to...
Tata Motors to buy partner’s share in Tata Marcopolo Motors for ₹100 crore
Tata Motors Ltd (TML) has entered into a share purchase agreement with Brazilian bus and coach manufacturer Marcopolo S.A. to buy out the latter’s 49% share their joint venture Tata Marcopolo Motors Ltd (TMML) for ₹99...
ARCIL, Authum and 3 others bid for Reliance Home Finance
Lenders to Reliance Home Finance Ltd, part of the debt-ridden Anil Dhirubhai Ambani Group (ADAG), have received bids from five entities, two bankers aware of the matter said. Asset Reconstruction Co. India (Ltd) (ARCIL)...
Disinvestment of Air India finally seems to take off
The government has finally managed to spark interest in the strategic disinvestment of Air India, having received multiple expressions of interest, according to the secretary of the department of investment and public...
Aramco may have to sell assets, borrow more to maintain Saudi dividend
Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices, market specialists said...
Adani group sells a part of its stake in Snowman Logistics
Adani Logistics Ltd, a part of the diversified Adani group, has sold almost a fourth of its stake in Snowman Logistics Ltd. Adani Logistics had acquired the stake through an open offer it had initiated in March at ₹44...
Vedanta to raise $8 bn for BPCL bid
Billionaire Anil Agarwal’s Vedanta group plans to raise as much as $8 billion through a mix of debt and equity to secure funds for the acquisition of state-run Bharat Petroleum Corp. Ltd (BPCL), two people directly...
Wakefit.co raises ₹185 crore in funding from Verlinvest and Sequoia India
Sleep and home solutions company, Wakefit.co, on Tuesday said that it has raised ₹185 crores as a part of its Series B funding round led by European investment firm, Verlinvest. The round also saw participation from...
Embassy REIT, PNB and IDBI Bank launch share sales to raise up to $1.7 billion
In a sign of abundant liquidity chasing Indian stocks, Blackstone-backed Embassy Office Parks REIT, and state-owned lenders Punjab National Bank (PNB) and IDBI Bank on Tuesday launched their respective share sales...
Bharat Petroleum to consider buying Oman Oil stake in Bina refinery
Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) has said its board will on Thursday consider buying out Oman Oil Company in the Bina refinery project in Madhya Pradesh. BPCL board will also consider merging...
Steadview Capital invests in Delhivery ahead of proposed IPO
Investment firm Steadview Capital has bought shares worth $25 million from an early investor in logistics startup Delhivery through secondary transaction. The seller’s details were not disclosed. Steadview Capital’s...
PhonePe raises ₹150 cr from parent company
PhonePe Pvt. Ltd has received a ₹150 crore fund infusion from its Singapore-based parent, according to documents sourced from business information platform Tofler. As part of the transaction, close to 198,755 shares...
