Blackstone Inc. is in talks with multiple private equity funds to sell a significant minority stake in IBS Software after its plans for a foreign listing failed to materialize, two people familiar with the development...
Sheela Foam looks to buy furniture rental Furlenco
Sheela Foam Ltd is in advanced talks to acquire furniture rental startup Furlenco, said three people with knowledge of the development, as the maker of the Sleepwell brand of mattresses looks to expand into newer...
NCLAT issues notice to Torrent Investment in RCap case
The National Company Law Appellate Tribunal (NCLAT) on Tuesday issued notice to Torrent Investments in a matter pertaining to a plea filed by the secured lenders of Reliance Capital seeking a second round of financial...
Vikas Lifecare okays its strategic investment in Kohinoor Foods for ₹250 Cr
Fast Moving Consumer Goods (FMCG) are the focus of Kohinoor Foods Ltd, a small cap company with a market valuation of ₹241.71 Cr. Kohinoor Foods has a market presence nowadays, selling food items such as basmati rice...
Future Retail RP to move court against promoters
The resolution professional managing the insolvency of Kishore Biyani’s flagship Future Retail Ltd will petition the National Company Law Tribunal (NCLT), alleging lack of cooperation from the company’s promoters and...
Pawan Hans sale set to be junked
The government is set to scrap the winning bid for the sale of helicopter service provider Pawan Hans and may not seek fresh bids for the defence public sector enterprise, thus scrapping its disinvestment altogether...
Youtuber CarryMinati buys minority stake in esports firm Big Bang Esports
YouTuber Ajey Nagar who goes by the moniker CarryMinati and his business partner Deepak Char have picked up stake in Mumbai-based Big Bang Esports Private Limited. The two have collectively taken a 10% stake in the...
Sephora, RIL call off retail deal
Sephora and Reliance Retail Ltd have abandoned talks to form a retail partnership for the Indian market with the French multi-brand beauty products chain deciding to continue with its existing alliance with Arvind...
Sun Pharma buys Disperzyme, Phlogam brands from Aksigen Hospital Care
Indian drug major Sun Pharmaceutical Industries said it has bought anti-inflammatory brands Disperzyme, Disperzyme-CD, and Phlogam from Mumbai-based Aksigen Hospital Care for an undisclosed amount. All three brands are...
Samvardhana Motherson to buy 51% stake in Saddles International for ₹207 cr
Samvardhana Motherson International Ltd (formerly Motherson Sumi Systems Limited) said it will acquire a 51% stake in Saddles International Automotive and Aviation Interiors Pvt Ltd for an enterprise value of ₹207 crore...
EaseMyTrip eyes more acquisitions to expand business
Online travel platform EaseMyTrip is betting on inorganic growth opportunities and will acquire more companies in the travel segment to expand its footprint, chief operating officer Lokendra Saini said. “We are in...
NCLT reserves order on Torrent plea to halt fresh auction for RCap
The National Company Law Tribunal (NCLT) on Monday reserved its order on fresh auction for the Anil Ambani-promoted Reliance Capital, directing lenders to maintain status quo till the final order is passed by the...
