Inching a step closer to complete a $14 billion deal, Japan Industrial Partners (JIP), bought 78.65% share of Toshiba through a tender offer, said the Japanese firm. After owning of more than two-third majority stake of...
HDFC AMC gets RBI approval to acquire up to 9.5% stake in Karur Vysya Bank, DCB Bank
The Reserve Bank of India (RBI) has approved HDFC AMC to acquire up to 9.5% of Karur Vysya Bank’s share capital or voting rights, subject to conditions. “Pursuant to Regulation 30 of SEBI (Listing Obligations and...
Perfios acquires open finance platform Fego.ai
Bengaluru-based fintech firm Perfios has acquired Chennai-based open finance platform Fego.ai, two people aware of the development told Mint. The discussions started during Global Fintech Fest 2023 in Mumbai recently...
StrideOne in talks to acquire EV tech startup MoEVing
StrideOne Capital Pvt. Ltd, the non-banking financial company (NBFC) set up by the founders of venture debt fund Stride Ventures, is in talks to acquire MoEVing Urban Technologies Ltd, the operator of the electric...
Nod for Zee-Sony deal violates Sebi order, Axis tells NCLAT
Axis Finance Ltd has told an appeals court that the National Company Law Tribunal (NCLT) approved the Zee-Sony merger in “contravention” of a regulatory order against Punit Goenka, former managing director and...
Peepul Capital hires Avendus to sell stake in Unibic Foods
Mid-market private equity firm Peepul Capital is looking to divest its stake in Unibic Foods India, an Indian branch of Australian premium cookie manufacturer Unibic Biscuits. Peepul has engaged Avendus Capital to...
Vedanta should buy parent’s African copper biz: Agarwal
Anil Agarwal, the mining tycoon, has suggested that his publicly traded company Vedanta Ltd acquire Konkola Copper Mines from parent Vedanta Resources Ltd, which has regained control of one of the world’s largest copper...
Bain sells a 2.82% stake in L&T Fin
L &T Finance Holdings Ltd shares ended the day 3% down at ₹126.80 after US-based investment firm Bain Capital sold a 2.82% stake or 70 million shares in the company for ₹910 crore through a block deal. The shares...
Byju’s to sell Epic, Great Learning to repay $1.2 bn loan
Byju’s has put up kids’ reading platform Epic and higher education platform Great Learning for sale, three people aware of the development said, as the edtech giant tries to raise money and pay off a $1.2 billion loan...
KKR to invest ₹2,069 cr in Reliance Retail, raise stake to 1.42%
Global investment firm KKR is set to raise its stake in Reliance Retail Ventures Ltd (RRVL) from 1.17% to 1.42% by infusing ₹2,069 crore through an affiliate. In 2020, KKR had invested ₹5,550 crore for the first time in...
NCLAT dismisses insolvency plea against Wipro
The National Company Law Appellate Tribunal has dismissed a call for insolvency proceedings to be initiated against Wipro. The dispute pertains to the supply of goods for a government project implemented by the tech...
How CCI proposes to implement a new regime for merger approvals?
The Competition Commission of India (CCI) is currently soliciting public feedback on the implementation of its overhauled merger approval framework, which received legislative approval earlier this year. Aimed at...
