Global private equity firm Blackstone has acquired 100% stake in International Gemological Institute (IGI) from China-based investment firm Fosun, and Roland Lorie, who belongs to the founding family, the firm said in a...
NCLT rejects plea against Zee
In a significant relief to broadcaster Zee Entertainment Enterprises, the Mumbai bench of the National Company Law Tribunal (NCLT) on Friday rejected an insolvency petition filed against it by IDBI Bank. On 15 December...
JioCinema, Voot merger in final stage as cos await IPL end
The merger between Viacom18 Media Pvt Ltd-owned video streaming app Voot and JioCinema is in the final stages, said three people in the know. The company is waiting for the Indian Premier League (IPL) season to...
Pricol files objection with CCI to resist Uno Minda’s takeover bid
Pricol, a Coimbatore-based driver information systems maker, has filed an objection with the competition regulator to block Minda Corp’s move to buy up to 24.5% in the company, Pricol told stock exchanges on Wednesday...
Lytus Technologies acquires majority stake in Sri Sai Cable and Broadband
Lytus Technologies Holdings PTV Ltd., a global technology-driven services company, has acquired Sri Sai Cable and Broadband Pvt Ltd., a regional multi-service operator (MSO) based in Telangana. The move signifies Lytus...
Centre fast tracks merger approvals for startups, small businesses
The Ministry of corporate affairs has amended the rules to make it easier for small companies and start-ups to secure approvals for mergers by way of deemed approvals. Small companies and start-ups seeking approvals for...
Apax Funds to acquire stake worth $450 mn in travel tech company IBS Software
Apax Funds has signed a definitive agreement to acquire Blackstone’s significant minority stake in travel and logistics SaaS business IBS Software for approximately $450 million, said Apax Partners LLP. The transaction...
Microsoft gets EU approval for Activision acquisition
The European Union on Monday approved Microsoft’s $69 billion purchase of video game maker Activision Blizzard, deciding the deal won’t stifle competition for popular console titles like Call of Duty and accepting the...
Axis Trustee approaches NCLT to add more Future Retail claims
Axis Trustee Services Ltd, one of the financial creditors to Future Retail Ltd, has approached the National Company Law Tribunal (NCLT) after the resolution professional rejected its claims worth ₹470 crore out of total...
Macquarie takes control of CloudExtel
Macquarie Capital has bought a controlling more than 51% stake in Mumbai-based network-as-a-service provider CloudExtel for about $100 million (about ₹821 crore), making it the first such deal in the active telecom...
Zee-Sony merger to face fresh roadblock
The proposed merger of Zee Entertainment Enterprises Ltd with Sony Pictures Networks India (SPN) is likely to face a fresh setback after the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Thursday...
METRO completes ₹2,850 cr deal with Reliance Retail to sell its India Cash & Carry business
German retailer METRO AG announced the completion of the sale of its Indian cash & Carry business to Reliance Retail Ventures Ltd (RRVL), which holds the retail empire of Reliance Industries Ltd. The deal includes...
