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...
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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...
Promoter buys stake in Bajaj Finserv for ₹100.41 cr in block deal
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...
