Tata Motors’ board has accorded in -principle to the company to consider partial divestment of its stake in Tata Technologies, which is due to go public In the current fiscal year (FY23). “…..the IPO...
Microsoft buys stake in London Stock Exchange
Microsoft Corp. will take a 4% stake in the London Stock Exchange’s corporate parent and provide cloud computer services for the financial markets company, in a deal that reflects the growing use of data and tech in...
NTPC plans to sell PTC stake, hires consultant
State-run power major NTPC Ltd is planning to sell its stake in India’s largest power trading firm PTC India Ltd, two people aware of the matter said. India’s largest power generation firm has appointed a consultant for...
Govt may revise offshore M&A regulation threshold
The government is likely to periodically revise the proposed ₹2,000 crore deal value threshold for mandatory Competition Commission of India (CCI) approval for global mergers and acquisitions with an India play...
GMM Pfaudler’s subsidiary to acquire Mixel France SAS for €7 million
GMM Pfaudler Ltd through its wholly owned subsidiary Pfaudler GmbH, has entered into an agreement on December 8, 2022 to acquire Mixel France SAS and its wholly owned subsidiary Mixel Agitator Co. Ltd. (collectively...
Gopal Snacks founder buys out brother in co
Bipin Hadvani, founder of Gujarat’s Gopal Snacks Pvt. Ltd, has raised debt from a JM Financial entity to buy out his younger brother Praful’s 30% stake in the company, two people familiar with the transaction said...
Hindustan Unilever to acquire 19.8% in Nutritionalab for ₹70 crore
Hindustan Unilever Limited (HUL) announced today that it is going to acquire 19.8% shareholding for ₹70 crore of Nutritionalab Private Limited, a private limited company incorporated in India. Health and Wellbeing...
HDFC Bank files petition for NCLT approval to the proposed merger
Private sector lender HDFC Bank said that it has filed a petition with the National Company Law Tribunal (NCLT) to approve the proposed merger with Housing Development Finance Corp. Ltd. “Filing of the Joint Company...
Triveni Engineering promoter to sell 7% stake
The promoter of Triveni Engineering Industries Ltd Dhruv Sawhney will pare his stake in the company through a secondary placement. This will comprise 17 million shares or a 7.03% stake in the company at ₹280-285 apiece...
Cognizant to acquire US-based Utegration to tap into power sector
Cognizant is acquiring US-based Utegration LLC, a consulting and solutions provider, for an undisclosed sum to leverage its SAP-based products and capabilities in the energy and utility sectors. The deal will allow...
Carlyle, Fairfax, DBS Bank may bid for IDBI Bank
Carlyle Group, Fairfax Financial Holdings, and DBS Bank are considering to bid for at least 10% each in IDBI Bank as part of the government’s ongoing share sale process, two people, including a government official, said...
Sterlite Power acquires transmission project from PFC Consulting
Sterlite Power on Tuesday said it has acquired Kishtwar Transmission Ltd, a special purpose vehicle (SPV,) from PFC Consulting Ltd. (PFCCL). The project was awarded to Sterlite Power through tariff-based competitive...
