Mumbai-based Company Cliqtrade Stockbrokers Pvt Ltd promoted by the founders of Pantomath Financial Services Group, has acquired a significant stake in Asit C Mehta Financial Services Ltd (ACMFS), a listed firm on the...
Sun Pharma acquires 26.09% stake in Agatsa Software, 27.39% in Remidio Innovative Solutions
Drug major Sun Pharma has announced that it has acquired a 26.09% stake in Agatsa Software Private Limited, which is in an early-stage digital diagnostic devices company, for ₹30 crore in two tranches. The acquisition...
NCLT approves Reliance Industries, ACRE joint bid to acquire Sintex Industries
Reliance Industries and Assets Care & Reconstruction Enterprise (ACRE) have secured approval for their joint bid to acquire debt-ridden textiles maker Sintex Industries from the National Company Law Tribunal (NCLT)...
Adani Power’s deal to acquire DB Power expires
Billionaire Gautam Adani-Adani Power’s planned ₹7,017-crore acquisition of thermal power assets of DB Power Ltd has collapsed as the deadline to complete the transaction expired. The agreement to acquire the...
Mufin Green Finance raises $7 million green bond from Symbiotics Investments
Electric Vehicle financing NBFC Mufin Green Finance (Mufin) has recently raised $7 million (INR 58.1 crore) green bond from Symbiotics Investments. The bond forms part of the $75 million green basket bond program...
Tiger, Ribbit, TVS invest $100 million in PhonePe
Walmart-owned digital payments platform PhonePe said it raised an additional $100 million in primary capital from Tiger Global, Ribbit Capital and TVS Capital Funds on Tuesday at a pre-money valuation of $12 billion...
NCLT adjourns ZEE lenders’ matter against proposed merger to 9 March
The Mumbai bench of the National Company Law Tribunal (NCLT) on Tuesday adjourned the matter related to applications filed by certain lenders and creditors, against the proposed merger of media and entertainment company...
CCI clears acquisition of commercial real estate assets by Nexus Select Trust
The Competition Commission of India on 13 February approved the acquisition of commercial real estate assets by Nexus Select Trust. As per details, the Nexus Select Trust is a Sebi-registered real estate investment...
Goldman, TVS lead $150 million investment in InsuranceDekho
New York-based Goldman Sachs Asset Management and homegrown mid-market private-equity firm TVS Capital Funds led a $150-million (about ₹1,240-crore) investment in InsuranceDekho in the largest Series A round of funding...
CCI clears six deals after resolving quorum deadlock
Competition Commission of India (CCI) cleared six transactions, according to separate official statements. The approvals show the regulator has found a solution to the shortfall in its quorum requirement after seeking...
Norway wealth fund sold stakes in Adani companies
Norway’s wealth fund’s phased divestment in Adani Group came to an end, when it sold its remaining stakes worth over $200 million in remaining three Adani Group companies in last two months, said the...
Shriram Pistons to invest ₹222 crore in Takahata Precision India
SPR Engenious, a wholly-owned subsidiary Shriram Pistons & Rings, will acquire 75% stake in Takahata Precision India Pvt Ltd. (TPIL) at an enterprise value ₹222 crore, the company said on Thursday. The enterprise...
