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...
L&T Finance may sell its wholesale book to banks, NBFCs: Report
L&T Finance Holdings is looking to sell its wholesale loan book to interested banks, non-banking finance companies (NBFC) and funds, according to media report. L&T Finance is aiming to become a 100 percent...
Zydus Life to acquire equity stake in Mylab Discovery Solutions for ₹106 crore
Zydus Lifesciences announced on June 23 that it will acquire 6.5 per cent equity stake in Mylab Discovery Solutions Limited for ₹106 crore. The deal is a share purchase agreement of Zydus Animal Health and Investments...
Asian Paints acquires additional 11% stake in White Teak
Asian Paints Ltd announced on Friday that it had acquired an additional 11% stake in White Teak, a home decor company for ₹54 crore. As part of their agreement, the paint company paid White Teak ₹59.5 crore as an earn...
UPL to hive off specialty chemicals biz to arm
Mumbai-based UPL Ltd, will hive off its specialty chemicals business on a slump sale basis to wholly-owned arm UPL Speciality Chemicals Ltd for ₹3,572 crore. UPL expects to close the transaction within 3 to 4 months of...
Fortis Healthcare to divest Vadapalani Hospital business for ₹152 crore
Fortis Healthcare Limited announced on Thursday about signing of a definitive agreements for sale of its hospital business operations at Vadapalani, Chennai to Sri Kauvery Medical Care (India) Limited for a sale...
Bankrupt Vice Media to be acquired by Fortress Investment group in a $222million deal
Vice Media has finalised its sale to a group of buyers including Fortress Investment Group after a deal of paying out $ 222 million to the bankrupt company, reported Reuters based on a legal filing. Company’s...
Intel to sell 20% stake in IMS to Bain at $4.3 billion valuation
Intel Corp. said it has agreed to sell roughly 20% of its stake in IMS Nanofabrication to Bain Capital in a deal that valuing the Austria company at about $4.3 billion. Intel’s stake sale of 20% was valued at $860...
