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...
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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...
Kalpataru Power to consider fundraising proposal via NCDs issuance this week
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...
