Anil Ambani’s Reliance Capital sold 45.43% (22,03,69,188) equity shares in Reliance Home Finance for ₹54.5 crore in open market, the company said in a stock exchange filing. With this move, the shareholding of the...
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Ananya Birla’s Svatantra buys Sachin Bansal’s Chaitanya for ₹1,479 crore
Almost a year after the Reserve Bank of India rejected Sachin Bansal’s universal banking licence, Flipkart co-founder has sold the microfinance company he acquired in September 2019. Ananya Birla’s Svatantra Microfin...
Carlyle to buy 30% of Quest Global for $500 mn
Private equity (PE) giant Carlyle has agreed to acquire a significant minority stake in engineering services firm Quest Global, the two companies said on Tuesday. Simultaneously, Carlyle and Quest will together buy back...
NCLAT to hear lenders’ plea against Jet Airways’ winning bidder Jalan Kalrock consortium today
The National Company Appellate Tribunal (NCLAT) will hear the plea filed by Jet Airways’ lenders, led by SBI, against the winning bidder Jalan Kalrock consortium to recover pending dues. Last month, the lenders...
ICICI Bank gets RBI’s nod to raise stake in ICICI Lombard
The Reserve Bank of India (RBI) has given approval to the ICICI Bank for raising stake in one of its subsidiaries ICICI Lombard General Insurance Company Limited. The central bank of India has granted ICICI Bank to...
KKR to buy majority stake in Leap India in Asia infra push
KKR & Co. on Wednesday said it has agreed to buy a majority stake in logistics solutions company Leap India, a move that will deepen the US private equity firm’s presence in Asia’s infrastructure space. The...
Carlyle to acquire 5.9% stake in SpiceJet
Low-fare airline SpiceJet has sought shareholders’ nod to sell 5.91% stake to aircraft lessor Carlyle Aviation at ₹48 per share. Shares of SpiceJet jumped on the news, rising 7.2% on the BSE to close at ₹31.42, on a day...
Walmart buys $1.4 billion Tiger Global stake in Flipkart, report
Walmart has bought stake in one of India’s most popular e-commerce firm, Flipkart. The company has paid $1.4 billion to buy out hedge fund Tiger Global’s investment in e-commerce firm, reported Wall Street...
Natural Gas Pioneer Puts Investment Vehicle Into Bankruptcy to Protect Ranch, Other Assets
An investment vehicle owned by U.S. natural-gas entrepreneur Charif Souki has filed for bankruptcy and is suing its lenders to prevent foreclosure of its assets, including shares of a family-owned business and a luxury...
BPEA buys fertility clinic Indira IVF at valuation of $1.1 billion
Private equity firm BPEA EQT has acquired 60% of Indira IVF Hospital Pvt. Ltd, India’s largest chain of fertility clinics, from TA Associates and the fertility company’s founders at a valuation of about $1.1 billion...
Takeover norm violations: SAT sets aside Sebi order against Ambani brothers
The Securities Appellate Tribunal (SAT) set aside the Securities and Exchange Board of India’s April 2021 order that had imposed a penalty of ₹25 crore on Mukesh Ambani, Anil Ambani, Reliance Industries Holdings...
Mahindra eyes 9.9% stake in RBL Bank
Mahindra and Mahindra (M&M) Ltd has evinced interest in acquiring as much as a 9.9% stake in private bank RBL Bank Ltd, after picking up a 3.53% stake in the latter a week ago. “We may consider further investment...
