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...
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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...
13 companies enter in final list of prospective buyers for FRL
Reliance Retail, Adani Group’s JV April Moon Retail and 11 other companies have made it to the final list of prospective bidders for acquiring debt-ridden Future Retail Ltd. These companies have been included in...
Bessemer Ventures-backed Medi Assist acquires UK-based Mayfair
Bessemer Ventures-backed Medi Assist Healthcare Services Ltd. has acquired a majority stake in Mayfair We Care (Mayfair), a UK-based healthcare-focused administration service provider, for an undisclosed cash deal. The...
Aakash Health buys Tashkent hospital
New Delhi-based Aakash Healthcare Pvt. Ltd on Wednesday said it has acquired Asia Med Centre in Uzbekistan’s Tashkent for $4 million. The upgraded 60-bedded multi-speciality hospital will be opened to the public on 23...
UK Paints(India) acquires 50.092% stake in Berger Paints
U.K Paints (India) Ltd on Wednesday announced that it has acquired 50.09 per cent stake in Berger Paints. UK Paints (India) acquired the shares through open market operations. The company has acquired the 20,000 shares...
