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...
IBM to buy Software AG’s enterprise integration platforms for $2.3 bn to bolster AI, hybrid cloud biz
IBM said that it would buy Software AG’s enterprise integration platforms for 2.13 billion euros ($2.33 billion) to bolster its artificial intelligence and hybrid cloud offerings. IBM will acquire Software...
EbixCash’s US parent files for Chapter 11 bankruptcy
Robin Raina-led Ebix Inc. filed for bankruptcy in the US on Monday after missing the last deadline to repay over $600 million (about ₹5,000 crore) to lenders. The move cast a cloud over its Indian unit EbixCash, which...
Adani Port to divest of 49% stake in Adani Ennore Container Terminal for ₹247 crore
Adani Ports is set to divest 49 percent of its stake in Adani Ennore Container Terminal (AECTPL) for a total consideration of ₹247 crore, the company informed the exchanges. “The company has entered into a Share...
Unilever in advanced talks to sell Elida Beauty to Yellow Wood: Report
Unilever Plc is in advanced talks to sell Elida Beauty, a division that includes non-core beauty and personal care brands such as Q-Tips and Impulse, to private equity firm Yellow Wood Partners, people familiar with the...
Hero MotoCorp to buy additional 3% stake in Ather Energy for up to ₹140 crore
Hero MotoCorp announced that it will purchase of additional shares of Ather Energy Pvt. Ltd., an associate company, from an existing shareholder. Ather, an existing Associate company of Hero MotoCorp Limited (HMCL), is...
Crest Data promoters tap PE funds for first stake sale
Promoters of Ahmedabad-based Crest Data Systems are looking to sell a 25-30% stake in the data analytics and cyber security company to private equity funds, said three people with knowledge of the development. The...
Fairfax India acquires additional 7% stake in Bengaluru airport
Fairfax India Holdings Corp., led by Canadian billionaire Prem Watsa, has acquired an additional 7% share in Bangalore International Airport Ltd from Siemens Project Ventures GmbH, a division of Siemens Financial...
