Finolex Cables, one of India’s oldest electrical and telecom cable makers, plans to expand into consumer electrical and telecommunications, aiming to double revenue in the coming years. In an interview, executive...
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Novelic buyout is a smart move for Sona BLW
Investors have cheered the entry of Sona BLW Precision Forgings Ltd into the sensor and software business. The auto component manufacturer plans to acquire a 54% stake in Novelic, a Serbian company focussing on...
Everstone Capital, Goldman Sachs acquire Cprime
Everstone Group’s private equity arm Everstone Capital, along with Goldman Sachs Asset Management, has acquired Cprime, an information technology services management company. Financial details of the transaction weren’t...
Tata Motors acquires Ford India’s manufacturing unit in Gujarat
Tata Motors has completed the acquisition of Ford India’s manufacturing plant at Sanand through its subsidiary, the company informed on Tuesday. Last year, the company informed about the acquisition noting Tata...
Adani-led group completes purchase of Israel’s Haifa Port
A consortium led by Adani Group has completed the purchase of Haifa Port in northern Israel for 4 billion shekels ($1.15 billion), Israel’s Finance Ministry said on Tuesday. The sale of one Israel’s main...
Ghodawat Consumer buys packaged foods brand To Be Honest
Ghodawat Consumer Ltd., the consumer goods arm of Sanjay Ghodawat Group that retails home and personal care products, staples, and snacks, has acquired packaged foods brand, To Be Honest, to strengthen its premium...
Early backers in talks to sell stakes in Byju’s
Byju’s early investors, including Lightspeed Investment Partners and Chan Zuckerberg, are seeking buyers for their partial or full stakes in the edtech company as they look to book profit, four people with direct...
NCLT admits insolvency plea against Future Supply Chain Solution
The National Company Law Tribunal (NCLT) on Friday admitted the insolvency plea filed against Future Supply Chain Solutions Ltd (FSCSL). Future Supply Chain Solutions Ltd (FSCSL), a part of Future Group firm, in a...
JK Cement arm acquires 60% stake paint firm Acro Paints Ltd
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...
