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...
Tilaknagar Industries’ Prag Distillery moves out of liquidation
The National Company Law Tribunal (NCLT) has directed the removal of Prag Distillery Pvt. Ltd., a wholly owned subsidiary of Tilaknagar Industries Limited, from the liquidation proceedings. In addition, the NCLT order...
Religare may sell 6-7% of its health insurance business
Religare Enterprises Ltd is in early talks with private equity (PE) investors to sell 6-7% in its subsidiary Care Health Insurance Ltd to raise as much as ₹1,200 crore, three people close to the matter said. The talks...
SBI secures approval to acquire entire 20% stake of SBI Cap in SBI Pension Funds
Largest public sector lender in India, SBI on Tuesday received approval of the Executive Committee of the Central Board (ECCB) to acquire the entire 20% stake held by SBI Capital Markets in SBI Pension Funds. In another...
HDFC buys ₹992 cr stake in life business
Leading mortgage financier HDFC Ltd on Tuesday purchased 1.5 crore shares of HDFC Life Insurance Company Ltd for ₹992.6 crore through a bulk deal on the NSE. The deal values the insurer at ₹1.43 lakh crore. The shares...
Blackstone, General Atlantic, 2 other PEs vie for Indira IVF
Private equity (PE) investors Blackstone Inc., BPEA EQT, CVC Capital Partners, and General Atlantic Service Co. Lp are competing to acquire Mumbai-based Indira IVF Hospital Pvt. Ltd amid rising demand for infertility...
