Kalpataru Power Transmission to consider the fundraising proposal later in the current week. The company’s executive committee is scheduled to meet on December 8 to consider the proposal. The leading EPC company...
Varde-Arena, NARCL bid for Srei group cos
A consortium of Arena Investors LP and Varde Partners, National Asset Reconstruction Co. Ltd (NARCL) and Mumbai-based Authum Investments have submitted final bids for the Srei group of companies under the insolvency and...
EaseMyTrip to acquire Nutana Aviation
Travel platform EaseMyTrip said it will invest in and acquire Gujarat’s GIFT city-based Nutana Aviation. Nutana Aviation offers charter solutions to clients in India and abroad and leases charter aircraft within and...
Zetwerk makes fourth acquisition this year
Business-to-business (B2B) manufacturing services marketplace Zetwerk has acquired manufacturing services company Unimacts for $39 million (around ₹315 crore) in a cash and stock deal, the company announced on Wednesday...
Tata Group in talks to buy iPhone maker Wistron’s India facility: Report
Tata Group is in discussions with Taipei’s Wistron Corp, one of Apple Inc’s top vendors in India, to buy its manufacturing facility in Karnataka for up to ₹5,000 crore ($612.6 million), suggested a report by...
Oaktree, Hinduja, Cosmea, Torrent among 9 bidders for Reliance Capital
Nine entities, including US private equity major Oaktree Capital, Torrent group, Hinduja group, and a consortium of Piramal group and Cosmea Financial Holdings have submitted final bids for the whole of Reliance Capital...
NCLT to hear Jet Airways matter on 6 December
The Mumbai bench of the National Company Law Tribunal (NCLT) on Tuesday adjourned the Jet Airways insolvency matter to 6 December. This came as the parties sought some more time from the tribunal to file their responses...
Yes Bank buys 9.9% stake in JC Flowers ARC, to acquire additional stake
Yes Bank has initially acquired a 9.9% shareholding in JC Flowers ARC. The lender said that it plans to acquire a further 10% shareholding in the asset reconstruction company, subject to requisite regulator approvals...
L&T Finance Holdings completes the divestment of its mutual fund business
L&T Finance Holdings Limited, one of India’s leading non-banking financial companies, today announced the conclusion of the sale of its mutual fund business to HSBC Asset Management (India) Private Limited. It...
Actis’ BluPine Energy buys Atha Group’s 404 MW solar power assets
Actis Llp’s BluPine Energy has acquired 404 megawatt (MW) solar power assets of Kolkata-based Atha Group, the London-headquartered private equity firm announced on Thursday. Atha’s solar assets’ enterprise value for the...
ICICI Bank, Axis Bank, others to acquire 10% stake each in JV of IOCL, CPCL
ICICI Bank, Axis Bank, SBI Life Insurance on Thursday announced that it will acquire 10 per cent stake each in a proposed joint venture of Indian Oil Corporation and Chennai Petroleum. The target entity which will be...
LIC increases stake in Tech Mahindra to 6.874%
Life insurance giant in India, LIC has increased its shareholding in Tech Mahindra to 6.874%. Earlier, LIC held 4.863% of the paid-up capital of the IT major. That being said, LIC’s stake in Tech Mahindra has...
