Cannabis producer Green Thumb Industries is prepared to make an offer for a potential merger deal with U.S.-based brewer Boston Beer, according to a letter seen by Reuters. Green Thumb CEO Ben Kovler in a letter to...
IDFC First Bank board approves plan to raise ₹3,200 cr via preferential issue
IDFC First Bank Ltd. on Thursday said its board approved a proposal to raise ₹3,200 crore through a preferential allotment of shares. The private sector lender will be issuing 39.68 crore shares to marquee investors at...
Amazon to buy MX Player from Times Internet
Almost a year after calling off the deal, Amazon.com, Inc has resumed talks to acquire Times Internet-owned cash-strapped video streaming platform MX Player, two people with direct knowledge of the matter told Mint. The...
Paytm share price jumps 5% on clarification that Vijay Shekhar Sharma is not selling stake to Gautam Adani
Shares of One 97 Communications, parent of Paytm was locked in a 5 percent upper circuit at ₹359.55 in morning deals on Wednesday after the company clarified that Vijay Shekhar Sharma is not in talks with Gautam Adani...
Timken Singapore looking to divest 6.6% stake in Timken India for ₹1,775 crore
Promoter Timken Singapore Pte Ltd is looking to sell a 6.6% stake in Timken India Ltd for ₹1,775 crore, as per a term sheet obtained by Mint. The promoters are offering to sell up to 5 million shares, with a total deal...
The curious case of Disney’s 30% stake in Tata Play
For the Walt Disney Co., a 30% stake in Indian DTH (direct-to-home) player Tata Play, which it inherited as part of its global purchase of Rupert Murdoch’s 21st Century Fox assets, has become an albatross around its...
NCLAT upholds Adani Goodhomes’ resolution plan for Radius Estates
The National Company Law Appellate Tribunal (NCLAT) has upheld Adani Goodhomes’ resolution plan to take over the bankrupt real estate company Radius Estates, rejecting challenges from creditors and debenture...
Merger talks between NSE, BSE offshore arms at Gift City called off
Two international exchanges led by BSE Ltd and National Stock Exchange (NSE) Ltd in the Gift City in Gujarat have called off their much-anticipated merger, according to two persons aware of the development. This is a...
HPE’s Communications Technology Group to transition to HCLTech in $225 Million deal
IT giant HCLTech announced on May 23 that it plans to acquire certain assets of Hewlett Packard Enterprise’s (HPE) Communications Technology Group (CTG) for $225 million, approximately ₹1,874 crore, in an all-cash...
Competition Commission of India to soon bring new set of merger regulations
Competition Commission of India (CCI) will soon come out with a new set of merger regulations, giving effect to competition law amendments enacted last year, its chairperson Ravneet Kaur said on Monday. Kaur said CCI...
APRIL Group Acquires Controlling Stake in India’s Leading Consumer Tissue Products Company, Origami
APRIL Group, a leading global producer of fibre, pulp and paper, has acquired a controlling stake in Origami, India’s leading consumer tissue products company, marking its entrance into the fast-growing India tissue and...
No merger but PSB privatization still on cards
The Centre doesn’t have any plans to merge public sector banks (PSBs) in FY25, though it will not ditch plans to privatize PSBs during the fiscal, two people aware of the matter said. “There have been no...
