The government has no immediate intentions to divest its share in ITC, held through SUUTI, despite British American Tobacco (BAT) reduced its stake through a block deal in the Kolkata-based FMCG company, according to...
Maharashtra Cabinet approves purchase of MMRDA-Reliance Infra joint venture from Anil Ambani
The Eknath Shinde-led Maharashtra Cabinet has given an in-principle approval for the acquisition of Mumbai Metro One, a public-private partnership project jointly owned by Reliance Infrastructure Limited (R-Infra), led...
Quorum Club sells 5% stake to Nikhil Kamath’s Gruhas in pre-series A round
Quorum Club Private Ltd, the parent company of luxury members-only club, The Quorum, has closed an undisclosed pre-series A funding round for a 5% divestment in stake led by Gruhas, a venture founded in 2021 by Nikhil...
ITC share price falls over 2% as BAT looks to sell a ‘small part’ of its stake as soon as this week
ITC share price fell over 2% in early trade on Monday after reports that British American Tobacco Plc was looking to sale of part of its stake in the Indian partner as soon as this week. ITC shares fell as much as 2.46%...
‘The Body Shop’ files for bankruptcy: UK-based cosmetics major to shut down all US stores
The Body Shop, a UK-based cosmetics firm, shut down all of its US-based operations, reported CNN on Monday, adding that it will soon be closing dozens of Canadian store locations after filing for bankruptcy. In an...
Max India explores PE deals for Antara stake sale
Max India Ltd is in talks with private equity (PE) firms to sell 5-10% stake in its subsidiary Antara Assisted Care Services Ltd, two people aware of the development said. Max India, part of the $4 billion Max Group, is...
IndiGo co-founder Rakesh Gangwal to sell 3.3% stake in InterGlobe Aviation
IndiGo co-founder Rakesh Gangwal plans to sell up to 12.75 million shares, or 3.3% of his stake in InterGlobe Aviation Ltd, through a block deal, according to a term sheet reviewed by Mint. The sale, estimated to be...
Nazara Technologies seeks to acquire Smaaash under IBC
Gaming firm Nazara Technologies seeks to acquire Smaaash Entertainment Pvt. Ltd through the insolvency and bankruptcy process, two people aware of the matter said. As part of the corporate insolvency resolution process...
Accenture to acquire Udacity in upskilling push
Accenture will acquire California-headquartered edtech platform, Udacity, for an undisclosed sum. The move is part of Accenture’s broader initiative to invest $1 billion over three years in enhancing upskilling...
Vertoz Ventures into the CloudTech Sector through the Strategic Merger
While the Company already specializes in MadTech solutions with its diverse platforms and services that facilitate a wide range of digital marketing and advertising technology, this amalgamation will add a plethora of...
Greenko acquires GI Hydro’s Sikkim project for enterprise value of ₹1,000 crore
Greenko, backed by GIC Holdings Pte Ltd, Abu Dhabi Investment Authority, and Japan’s ORIX Corp, has completed the acquisition of the 110-megawatt (MW) Chuzachen hydro-electric project in east Sikkim from GI Hydro...
RCap lenders urge IIHL to secure regulatory approvals for acquisition
Reliance Capital lenders have asked IndusInd International Holdings Ltd (IIHL), a Hinduja Group firm, to provide necessary documents and secure relevant regulatory approvals for acquiring the debt-ridden company at the...
