Sam Altman-backed Oklo has agreed to go public in the US through a merger with his blank check firm in a deal that values the nuclear startup at $850 million, the companies announced on July 11. Altman is bringing...
Resolution professional invites bids for Go First
As Go First draws up plans to resume flight operations, preparations are also underway to find a suitable new owner for the low-cost carrier. The airline’s resolution professional Shailendra Ajmera on Monday...
Three private equity groups in race to buy out Adani Capital
Private equity groups Bain Capital, Carlyle Group and Cerberus Capital Management are set to make binding bids in the next few weeks to buy out Gautam Adani’s six-year-old shadow bank, Adani Capital, as the billionaire...
Adani Enterprises buys 30% stake in Trainman, online train ticket booking platform
Adani Enterprises, the main company of Gautam Adani’s business conglomerate, has acquired approximately 30 percent ownership in Start Enterprises Pvt Ltd (SEPL), the parent company of Trainman, an online platform...
Reliance Retail plans to buy out minority shareholders
Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is looking to buy out the minority shareholders of Reliance Retail Ltd for a total sum of up to ₹1,071.27 crore and make its step-down retail unit into a fully...
NCLT approves demerger of financial services unit of Reliance Industries
Reliance Industries Ltd announced on July 6 that the National Company Law Tribunal (NCLT) has given its nod to the demerger of the company’s financial services undertaking and its listing. Reliance had previously...
NCLT to hear plea by Go First lessors on August 4
The National Company Law Tribunal (NCLT) heard pleas by engine and aircraft lessors of Go First, who are seeking an interim relief from court to inspect planes and engines and deferred the matter till August 4. During...
Tata to buy back Temasek’s stake in Pay TV platform: Report
The Tata Group is currently evaluating an offer to repurchase a stake in its entertainment content distribution platform from Temasek Holdings Pte. This move comes as the Indian conglomerate contemplates delaying the...
Havas Media India acquires PivotRoots
French advertising and public relations company Havas’s India arm, Havas Media India, has announced the acquisition of PivotRoots, a digital marketing and communications agency. PivotRoots was launched in 2016 by Shibu...
CCI approves Concentrix Corp’s acquisition of Marnix Lux
The Competition Commission of India (CCI) gave its approval for the acquisition of Marnix Lux SA by Concentrix Corporation, as well as the acquisition of approximately 22% shareholding in the combined company by the...
Samvardhana Motherson to acquire 81% stake in Honda Motor arm Yachiyo
Auto parts maker Samvardhana Motherson International (SAMIL) announced on July 4 that it will buy a majority stake of 81 per cent in Japan-based auto-part maker Yachiyo Industry’s four-wheeler (4W) business...
ECCB approves SBI to acquire 100% stake of SBI Capital in SBICAP Ventures for ₹708.07 crore
State Bank of India (SBI) announced that the Executive Committee of the Central Board (ECCB) has approved its acquisition of the entire stake held by SBI Capital Markets in SBICAP Ventures (SVL). The approval was...
