PTC India at its board meeting approved ONGC’s bid to acquire its subsidiary PTC Energy Limited for ₹925 crore. In an exchange filing, PTC India said, “PTC India in its Board Meeting held on 19 October has...
Softbank to cut stake in Zomato, plans full exit
Masayoshi Son-led SoftBank’s fund-SVF Growth (Singapore) Pte. Ltd will sell at least 1.1% stake in food-delivery and restaurant-discovery firm Zomato Ltd for around ₹1,020 crore on 20 October, as the Japanese fund plans...
A91 Partners-backed VideoVerse buys Optikka
A91 Partners-backed VideoVerse, a video editing platform, has bought AI-based design system Optikka for an undisclosed sum, marking its second acquisition this year. The deal will help VideoVerse expand its media...
IDFC gets CCI nod for merger with IDFC First Bank
The Infrastructure Development Finance Company (IDFC) has received approval from the Competition Commission of India (CCI) for its merger with IDFC First Bank, a regulatory filing stated on October 17. “…the CCI...
Maruti Suzuki to fully acquire Gujarat car unit in $1.54 bn share-swap deal
Maruti Suzuki India Ltd (MSIL), the country’s largest carmaker, on Tuesday said that it will issue shares worth ₹12,841 crore ($1.54 billion) to its parent Suzuki Motor Corp. to fully acquire Suzuki Motor Gujarat...
Bajaj Finance acquires 26% stake in Pennant Technologies for ₹267.50 crore
Bajaj Finance on Tuesday, October 17 announced that it had acquired up to 26 per cent equity stake in Pennant Technologies Private Limited for about ₹267.50 crore. Pennant is a technology product company, engaged in...
Sony begins talks with Disney to buy India biz
Sony Pictures Entertainment (SPE), the global entertainment unit of Japan’s Sony Group Corp., has initiated talks with Walt Disney Co. about a potential acquisition of its India business, said two people with direct...
Westbridge Capital buys stake in Meesho
Westbridge Capital has acquired 1.5% of Meesho at a valuation of $3.5 billion, two people with knowledge of the deal said. The investment firm acquired the stake from Meesho’s seed investor, Venture Highway. Venture...
Tata Motors to sell 9.9% stake in Tata Tech for ₹1,614 crore
Tata Motors on 13 October announced to sell its 9.9 percent in Tata Technologies Limited (TTL) for an aggregate consideration of ₹1,614 crore, it said in a stock regulatory filing. The automotive major entered into...
Rainmatter Capital, Gruhas invest in Age Care Labs
As part of its pre-Series B funding round, elder care platform Age Care Labs has raised $11 million in fresh capital from fintech unicorn Zerodha’s investment arm Rainmatter Capital and proptech investment firm...
Birla Carbon acquires Belgium battery materials maker
Aditya Birla Group-led Birla Carbon, a global supplier of carbon black, has acquired Nanocyl SA, a Belgium-based manufacturer of multi-wall carbon nanotubes. Birla Carbon did not disclose the financial details of the...
NCLT dismisses Simpl co-founder’s plea
In a dispute between the two founders of fintech startup Simpl, the National Company Law Tribunal has ruled in favour of Chaitra Chidanand, dismissing an application by Nityanand Sharma, seeking to refer the disputes...
