The government has sought expression of interest for selling its full equity holding in Indian Medicines Pharmaceutical Corporation Limited (IMPCL) under the ministry of Ayush, through strategic disinvestment where the...
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JSW may buy Ford’s shut Chennai plant
The Sajjan Jindal-led JSW Group is in advanced talks to acquire the shuttered Chennai factory of Ford Motor Co. for its planned entry into electric-vehicle (EV) space, two people aware of the matter said. “Talks started...
Tiger Global exits Zomato by selling its remaining stake
Internet Fund III Pte Ltd, the venture capital fund managed by US-based investment management company Tiger Global Management, has sold its remaining stake in Zomato Ltd on Monday via bulk deal on Bombay Stock Exchange...
NCLAT gives Jalan-Kalrock consortium time till 30 Sep to clear ₹350 crore dues to Jet Airways lenders
The National Company Appellate Tribunal (NCLAT) gave Jalan-Kalrock consortium, the successful bidder for Jet Airways, time till 30 September to clear dues worth ₹350 crore to lenders of the grounded airline. The...
JSW Steel may buy up to 40% stake in Canada’s Teck Resources’ coal unit: Report
JSW Steel Ltd is planning to pick up 20 per cent to 40 per cent stake in Elk Valley Resources Ltd — a metallurgical coal unit of Teck Resources. JSW Steel Chairman Sajjan Jindal informed about the developments in this...
How Microsoft revived its deal to buy Activision
If Microsoft Corp completes its acquisition of Activision Blizzard in the coming months, the $69 billion deal will go down as one of the biggest comeback stories in the history of mergers. By this past April, the gaming...
Reliance Industrial Investments becomes RIL promoter, buys 3.56% in Petroleum Trust
Reliance Industrial Investments and Holdings Limited (RIIHL) has become the promoter entity of Reliance Industries Limited, following the acquisition of a 3.56% stake in Petroleum Trust, another promoter entity...
SoftBank sells its stake in IPO-bound FirstCry for ₹435 crore
In a bid to reduce its shareholding in e-commerce platform, FirstCry, Japanese firm, SoftBank, has reportedly sold its stake to three Indian business family groups, reported Economic Times. As per the report, the...
IDBI divestment unlikely this fiscal
The proposed sale of the government’s stake in IDBI Bank is unlikely to happen this fiscal, two people with direct knowledge of the matter said, posing a challenge to the Centre’s ability to meet the ₹51,000 crore...
GQG Partners acquires 2.2 million shares, raises stake in Adani Ports to 5.03%
GQG Partners purchased 2.2 million shares of Adani Ports on Thursday week, raising its stake in the company to 5.03 per cent, GQG Partners said in a disclosure. The investment firm had already held a 4.93 per cent stake...
Titan Co acquires another 27.18% stake in CaratLane for ₹4,621 crore
Watch and jewellery retailer Titan Company Ltd. has increased its shareholding in CaratLane Trading Private Ltd. to 98.28% from 71.09%, paying ₹4,621 crore for the additional stake buy, the company said in a filing to...
TAQA considers $2.5 billion investment in Gautam Adani’s power business: Report
Abu Dhabi National Energy Company PJSC (TAQA) is evaluating an investment of up to $2.5 billion in Indian billionaire Gautam Adani’s power business, according to a report published by Economic Times. TAQA is the...
