Karur Vysya Bank (KVB) on 23 August announced that the Reserve Bank of India (RBI) granted its approval for SBI Mutual Fund (SBI MF) to acquire up to 9.99 per cent of the bank’s paid-up share capital or voting...
Birla Fertility acquires IVF chain BabyScience in ₹500-crore push for 100 clinics by FY28
Birla Fertility & IVF has completed the acquisition of BabyScience IVF Clinics, founder Avanti Birla told Mint. The acquisition, its second in three months, will strengthen the company’s presence in the western part...
NCLT dismisses petitions by minority shareholders opposing delisting of ICICI Securities
The Mumbai bench of the National Company Law Tribunal has dismissed applications filed by minority shareholders opposing the delisting of ICICI Securities, while allowing the company to go ahead with the plan. The...
Oaktree Is Near Deal to Buy Majority Stake in Two B. Riley Units
Oaktree Capital is in exclusive talks to acquire a majority stake in two businesses owned by B. Riley Financial Inc., according to people with knowledge of the matter. B.. Riley shares rose as much as 14%. Oaktree is...
Zomato to buy Paytm’s movie and events ticketing biz for ₹2,048 crore
Zomato is set to acquire Paytm’s entertainment and ticketing business for ₹2,048.4 crore or $244 million, as the food delivery giant aims to strengthen its presence in the “going-out” sector...
Axis Bank to sell stake in finance unit, looks at listing too
Axis Bank may bring a strategic investor for Axis Finance or even consider a public listing of the non-banking subsidiary, a top executive said. The decision was prompted by the banking regulator’s discomfort with...
Wells Fargo to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont
Wells Fargo on Tuesday agreed to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont, a move that will make the firm the largest servicer of commercial real estate securitized debt in the...
Cyient approves sale of 14.50% stake worth 1.15 crore shares in Cyient DLM via block deal
Information technology (IT) services company Cyient announced on Tuesday, August 20, that its board approved the sale of a 14.5 per cent stake in its subsidiary Cyient DLM Ltd through a block deal. Cyient plans to close...
AMD buys AI equipment maker for nearly $5 billion, escalating battle with Nvidia
Advanced Micro Devices agreed to pay nearly $5 billion to buy ZT Systems, a designer of data-center equipment for cloud computing and artificial intelligence, bolstering the chip maker’s attack on Nvidia’s dominance in...
NCLT approves merger of TCNS Clothing into Aditya Birla Fashion and Retail
Aditya Birla Fashion and Retail Ltd (ABFRL) said that the National Company Law Tribunal (NCLT) has approved the merger of the company with TCNS Clothing. The Scheme of Amalgamation (by way of Merger by Absorption) among...
Morgan Stanley in talks to exit investment in Manna Foods
Morgan Stanley’s private equity arm has been looking to sell all or part of its stake in Manna Foods as the business has struggled to grow sustainably and increase profits in recent years, three people familiar...
Adani in talks to buy Reliance Power’s 600 MW thermal plant
Adani Power Ltd has begun talks to acquire the 600 MW Butibori thermal power project in Nagpur once owned by Anil Ambani’s bankrupt Reliance Power Ltd, two people aware of the matter said. A deal is likely in the...
