JK Cement on Friday said that its subsidiary has acquired paint manufacturer and construction chemicals company Acro Paints Limited. JK Cement’s wholly owned subsidiary JK Paints & Coatings Limited has...
Kedaara, others explore part exit from Lenskart
Lenskart’s early backers, including Premji Invest, Kedaara Capital, TR Capital, and SoftBank, are seeking to sell a portion of their stake to Abu Dhabi Investment Authority, five people with direct knowledge of the...
Quess drops Allsec merger plans on investor dissent
Opposition from minority investors of AllSec Technologies Ltd and a 34% plunge in Quess Corp.’s share price has prompted the board of India’s largest staffing firm to withdraw its merger plans with AllSec in December...
GMR Sports in talks to buy gaming startup Fantasy Akhada
Fantasy gaming startup Fantasy Akhada is in talks to sell a significant stake to GMR Sports, a GMR Group entity, at a valuation of $160-175 million ( ₹1,300-1,400 crore), four people aware of the development said. The...
NCLT stays Reliance Capital debt resolution process
The National Company Law Tribunal, Mumbai, granted interim relief to Torrent Investments on Tuesday, by directing the administrator of bankrupt Reliance Capital Ltd not to present the revised offer Hinduja group made...
NCLAT to hear Google’s appeal against CCI’s Rs1,337 crore penalty order today
The National Company Law Appellate Tribunal (NCLAT) will on Wednesday hear an appeal filed by Google LLC. contesting the Competition Commission of India’s (CCI) order imposing a fine of ₹1337 crore on the tech company...
Tredence eyes debut acquisition in 2023
Advent International-backed data science and analytics firm Tredence Inc. is looking to roll out its inorganic growth plans with its debut acquisition this year, said co-founder Shashank Dubey. In an interview, Dubey...
Adani Group acquires NDTV promoters’ additional 27.26% stake for ₹602 crore
Gautam Adani, the world’s third-richest man, took majority control of New Delhi Television, or NDTV, after founders Prannoy Roy and Radhika Roy sold a 27.26% stake in NDTV to an Adani unit for ₹602 crore in several...
Aster DM Healthcare arm to acquire Adiran IB Healthcare for ₹1.6 cr
Aster DM Healthcare Ltd, a healthcare chain operating across the Gulf and India, on Thursday said its subsidiary has acquired 100 per cent stake in Adiran IB Healthcare Private Limited. Dr. Ramesh Cardiac and...
Eicher Motors announces strategic investment in Spain’s Stark Future
Eicher Motors on Thursday announced a strategic investment in Spain’s Stark Future SL to develop electric motorcycles and for technology sharing, technical licensing, and manufacturing. The company’s Board of...
India sees record M&As in 2022 at $152 billion
India saw a record level of mergers and acquisitions in 2022, as companies sought to consolidate positions, and enter new segments, leading to some of the largest-ever transactions in sectors such as banking, cement and...
Dealmakers grapple with unprecedented US challenge to mergers
Investment bankers and deal lawyers accustomed to regulatory hurdles to their mergers face an unprecedented challenge under US President Joe Biden – antitrust watchdogs who are undaunted when they lose such...
