Promoter Jamnalal Sons increased its stake in NBFC-giant Bajaj Finserv on Tuesday in a block deal. The promoter purchased equity shares to the tune of ₹100.41 crore in the open market. On the other hand, promoter Rishab...
Advent to buy into Suven Pharma to create manufacturing powerhouse
Advent International on Monday agreed to acquire 50.1% of Suven Pharmaceuticals Ltd from the Jasti family, promoters of the company, for ₹6,313 crore, as part of the private equity firm’s plan to create a contract drug...
PhysicsWallah earmarks $40 million for M&As
Westbridge Capital-backed PhysicsWallah entered the upskilling segment with the acquisition of Bengaluru-based iNeuron.ai last week. But the purchase is just one part of PhysicsWallah’s strategy, as the company, led by...
Cygnus Medicare in talks to raise ₹200 cr
A clutch of institutional investors, including development finance institutions and private equity funds, are in talks to invest in Cygnus Medicare Pvt. Ltd that operates hospital chain Ujala Cygnus Healthcare Services...
SPAC boom ends in frenzy of liquidation
During the boom in blank-check companies, their creators couldn’t launch them fast enough. Now they are rushing to liquidate their creations before the end of the year, marking an ugly conclusion to the SPAC frenzy...
Aditya Birla leads race to acquire TCNS stake
Aditya Birla Fashion and Retail Ltd (ABFRL) has emerged as the front runner to acquire a majority stake in TCNS Clothing Ltd, the owner of the popular women’s wear brands W and Aurelia, two people aware of the matter...
Srei promoter Co likely to move SC in insolvency case
Srei Infrastructure Finances promoter company, Adisri Commercial, may challenge the National Company Law Appellate Tribunal (NCLAT)’s 22 December order upholding an NCLT order of October 2021, to initiate insolvency...
Home First Finance raises ₹280 crore from IFC
HomeFirst has raised ₹280 crore from International Finance Corp. (IFC), a member of World Bank Grou,p through the issuance of rupee-denominated, senior secured, rated, unlisted, redeemable non-convertible debentures...
Merger approval process kicks off for Air India and Vistara
Air India and Vistara will need approvals from a number of countries in order to complete the merger conditions, according to people familiar with the matter. Legal teams from both airlines are currently assessing which...
Google seeks stay on CCI order in NCLAT
Google has moved the National Company Law Appellate Tribunal (NCLAT) seeking a stay on an order of the Competition Commission of India (CCI) that has imposed a penalty of ₹1,337.76 crore on the US tech giant for...
NCLAT upholds ₹751 cr CCI order against United Breweries
The appellate tribunal NCLAT on Friday upheld the regulator Competition Commission of India (CCI) order of penalty of ₹751.83 crore on Kingfisher beer manufacturer, United Breweries. The competition watchdog found...
Mapletree Investments Acquires KSH Infra’s logistics asset
Mapletree Investments has acquired the remaining assets of a logistics park owned by KSH Infra Industrial Park Pvt Ltd, a subsidiary of Pune-based KSH Infra Group, for around ₹320 crore (around $38.7 million)...
