Aditya Birla Capital Limited (ABCL), a company under the Aditya Birla Group, announced on Monday the sale of its entire stake in Aditya Birla Insurance Brokers Limited (ABIBL), which is a non-material subsidiary of the...
Mint
Sun Pharma acquires 60% stake in Vivaldis Health & Foods for ₹143 cr
Drug major Sun Pharmaceutical on Friday announced that it is set to acquire 60 per cent shareholding in Vivaldis Health & Foods for ₹143.30 crore from its existing shareholders, The remaining 40 per cent...
SpiceJet open to sell more stakes in airline biz
Low-fare airline SpiceJet is open to selling more shares to reduce its liabilities, chairman and managing director Ajay Singh said. “We are flexible. We will talk to our partners and see what it is they prefer to do...
DB Power buys back stake from Global Infrastructure for ₹400 cr
Dainik Bhaskar Group’s DB Power Ltd has repurchased Global Infrastructure Partners (GIP) stake in its thermal power business for ₹400 crore, in a deal that has facilitated the investor’s exit, two people with knowledge...
RCap insolvency case: Setback for Torrent as SC refuses to stay NCLAT order
The Supreme Court on Monday refused to stay the order by National Company Law Appellate Tribunal (NCLAT) on another round of auction for the debt-ridden Reliance Capital undergoing an insolvency process. The Torrent...
GMR Airports Infra to merge subsidiary with itself, raise ₹2,900 crore from Groupe ADP
GMR Airports Infrastructure Limited (Formerly GMR Infrastructure Limited) (GIL) announced the approval by its board of the composite scheme of amalgamation and arrangement of GMR Airports Limited (GAL) with GIL (Merger)...
Tata Consumer Products not to acquire Bisleri, ceases talks
Tata Consumer Products Ltd said that it had ceased discussions with packaged water maker Bisleri International about a potential acquisition. The company in its regulatory filing said that it has not entered into any...
Amazon begins due diligence to buy MX Player
Amazon.com Inc. is in advanced talks to acquire MX Player, the video streaming platform owned by Times Internet, three people with direct knowledge of the development confirmed. The US e-commerce giant has hired one of...
SVB Financial Group files for bankruptcy protection amid crisis
Silicon Valley Bank’s parent company filed for bankruptcy after worry spread among its long-established customer base of tech startups, prompting regulators to seize the firm’s banking unit. SVB Financial Group listed...
NCLT lets IPRS withdraw its insolvency plea against ZEE
The National Company Law Tribunal (NCLT) has allowed the Indian Performing Right Society Ltd (IPRS), an operational creditor of Zee Entertainment Enterprises, to withdraw its insolvency petition. The move will bring the...
Samvardhana Motherson to acquire Fritzmeier Motherson Cabin for ₹110.7 cr
Samvardhana Motherson International Ltd (SAMIL) announced that the board has approved the acquisition of remaining 50 per cent stake of Fritzmeier Motherson Cabin Engineering Private Limited from F Holdings GmbH...
PhonePe raises $200Mn in additional funding from Walmart
PhonePe, one of India’s largest fintech platforms, today announced it has raised additional $200 million in primary capital from Walmart, at a pre-money valuation of $12 billion. This new funding comes as a part of...
