The Competition Commission of India (CCI) on Tuesday, November 26, approved private lender Kotak Mahindra Bank’s proposal to secure Standard Chartered Ltd’s personal loan book worth ₹4,100 crore. The CCI...
Adani to buy PSP projects stake to boost construction arm
Billionaire Gautam Adani agreed to buy a stake in PSP Projects Ltd. as his ports-to-power conglomerate seeks to reinforce engineering and construction capabilities for infrastructure projects. Adani Infra (India) Ltd...
VIP Industries revives sale talks
Global private equity firm Advent International is eyeing a controlling stake in listed luggage and travel accessories maker VIP Industries, three people with knowledge of the development said. This marks a revival of...
State-run EESL plans to sell its 49% stake in IntelliSmart
State-run Energy Efficiency Services Ltd (EESL) plans to sell its 49% stake in IntelliSmart Infrastructure Pvt. Ltd, its joint venture with National Investment and Infrastructure Fund Ltd (NIIF) for smart metering and...
NTPC in talks to sell green hydrogen to Japan’s Toyo Engg, Norway’s Getek
State-run NTPC, which is set to start construction of its green hydrogen hub in Andhra Pradesh by the end of the month, is in talks with possible buyers of the green molecule. NTPC is in talks with Japan’s EPC...
The Good Glamm Group completes acquisition of The Moms Co for undisclosed sum
Content-to-commerce unicorn The Good Glamm Group has completed the acquisition of a 100% stake in The Moms Co for an undisclosed sum, nearly three years after making its first investment in the mother and baby care...
Tata Electronics to buy 60% stake in Apple supplier Pegatron’s iPhone plant in Tamil Nadu, says report
Tata Electronics is set to acquire a 60 per cent majority stake in Taiwanese contract manufacturer Pegatron’s iPhone plant in Tamil Nadu, forming a new joint venture (JV), Reuters reported citing two sources. The...
Digital realty platform Blox acquires 11% in advisory firm Guardians for $12 million
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...
