KKR & Co. is looking to sell its maiden renewable energy platform Virescent, which, once completed, will mark the first exit for the private equity major’s inaugural Asia Pacific Infrastructure Fund from India...
ITC Ltd raises stake in Mother Sparsh
ITC LTd. has increased its stake in baby and mother care brand Mother Sparsh to 22% for an estimated ₹13.50 crore, according to a regulatory filing by the company. “This has reference to our letters dated 26th November...
Adani Group agrees to acquire Air Works
The Adani Group on Tuesday said that it agreed to acquire Air Works, one of India’s major centres for the maintenance, repair and overhaul (MRO) of aircraft. The Adani Group forayed into the aviation sector in 2019 by...
M&As hit a record on HDFC, Adani, LTI-Mindtree deals
The volume and value of mergers and acquisitions in India hit new records, defying a global slowdown in deal-making as central banks turned off the liquidity spigot. Deal value in India rose 58% to $148 billion in the...
Ather Energy raises $50 mn led by Caladium Investments
Bengaluru-based electric two-wheeler manufacturer Ather Energy has raised ₹400.6 (around $ 50 million) in a fresh funding round led by existing investor Caladium Investment and participation from Herald Square Ventures...
GAIL wins bid for debt-laden JBF Petrochemicals
Government-backed GAIL (India) emerged as the successful bidder for debt-laden JBF Petrochemicals. GAIL’s resolution plan received a 100% vote of the committee of creditors of JBF and thereby the approval has been...
Reliance Capital resolution plan: NCLT extends deadline for the third time
The deadline for submission of resolution plan for debt-ridden Reliance Capital has been extended for the third time by the National Company Law Tribunal (NCLT). The new deadline is 31 January. The earlier deadline was...
Parle in talks to buy Polish biscuit maker Dr Gerard: Report
Indian biscuit maker Parle Products is in discussions to consider buying Poland-based peer Dr Gerard from private equity firm Bridgepoint, newspaper Economic Times reported, citing people aware of the matter. Dr Gerard...
KKR in talks to invest in fintech firm Razorpay
Private equity firm KKR is in talks to invest in fintech startup Razorpay and will likely buy out some of its existing early-stage investors in a secondary transaction. The buyout fund is also likely to invest in the...
No suitors: Centre unlikely to pursue CEL disinvestment
The government is unlikely to resume the disinvestment process for Central Electronics Ltd (CEL) any time soon as it feels that the public sector enterprise may not find suitors. A top government official said that a...
PFC to take RattanIndia plant to bankruptcy court this year
State-run Power Finance Corp. plans to file an insolvency plea against RattanIndia Power’s 1350MW Nashik power plant within this year, said two people aware of the development. The plant has a ₹8,000 crore debt, while...
Reliance said to be sole bidder For Metro’s India business
Reliance Industries Ltd. is in advanced discussions to acquire German firm Metro AG’s wholesale operations in India, according to people familiar with the matter, as the conglomerate led by billionaire Mukesh Ambani...
