Byju’s-owned Aakash Institute is set to witness Ranjan Pai, Chairman of the Manipal Education and Medical Group (MEMG), emerge as its largest shareholder with a 40 percent stake buy, as per an Economic Times report...
Piramal Enterprises to acquire 10.4% stake in Annapurna Finance for ₹300 crore
Piramal Alternatives Trust (PAT), a wholly-owned subsidiary of Piramal Enterprises, will acquire a 10.4% stake in Annapurna Finance for ₹300 crore. Annapurna Finance is a non-banking financial company, headquartered in...
Burmans get CCI approval to buy stake in Religare
The Competition Commission of India gave its approval for the acquisition of a 5.27% stake in Religare Enterprises by entities controlled by the Burman family, as well as a subsequent open offer to buy up to another 26%...
Zee to take legal action after Sony terminates merger: Report
Indian broadcaster Zee Entertainment said on Monday it will take legal action against Sony Group after the Japanese media company terminated a $10 billion merger of their India operations, Reuters reported on 22 January...
Haldiram in talks to acquire majority stake in rival Prataap Snacks
Indian snacks maker Haldiram’s is in talks to acquire a majority stake in listed rival Prataap Snacks, which is valued at $350 million, to expand its presence in the potato chip market, two people with direct...
NCLT defers SpiceJet-Celestial hearing amid settlement talks
The National Company Law Tribunal deferred hearing a case involving low-cost carrier SpiceJet and aircraft lessor Celestial Aviation Services Ltd on Thursday after the two sides informed the court that they were in...
Hewlett Packard Enterprise in talks to buy Juniper Networks in $13bn deal: Report
Hewlett Packard Enterprise is planning to buy Juniper Networks in a deal valuing the network gear maker at about USD 13 billion as per a Reuters report. A deal between the two companies could be announced as early as...
Indian media landscape set for a shake-up, with or without M&As
The likely coming together of Reliance Industries Chairman Mukesh Ambani’s Viacom18 with Walt Disney’s India operations, and clarity over the long-drawn Zee-Sony merger deal could reshape the country’s entertainment...
NCLAT rejects Authum Investment plea challenging resolution of Srei companies
The National Company Law Appellate Tribunal has dismissed an appeal by non-bank financier Authum Investment and Infrastructure challenging a bankruptcy tribunal order that had rejected its objections to a resolution...
Disney, Reliance sign non-binding agreement for Indian media operations merger, says report
Reliance Disney Merger: Walt Disney and Reliance Industries have entered a non-binding agreement for their Indian media operations merger on December 25, 2023, according to a report by ET. Under the merger agreement...
Zomato denies acquisition rumours of Shiprocket
Food delivery platform Zomato has rejected a news report claiming that the company will acquire startup Shiprocket for $2 billion. In a BSE filing, Zomato informed, “We have noticed that there are certain news...
Govt plans lower stake sale target in FY25, no big names
The Centre is likely to reduce its divestment target for FY25 and complete stake sales processes initiated during the current fiscal FY24, while not making any new big-ticket additions to its divestment list for the...
