Reliance Retail, Nykaa, Aditya Birla Fashion and Trent Ltd, as well as private equity investors such as TPG Capital and Advent International, have shown interest in buying TA Associates’ 29.24% stake in TCNS Clothing...
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ONGC Videsh set to retake its Sakhalin-1 stake
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), has submitted an application to Russian authorities to retake a 20% stake in the Sakhalin-1 oil and gas fields in the far east...
Aditya Birla Capital, Nippon Life merger discussions fail
The merger discussion between Aditya Birla Capital and Japan-based Nippon Life has likely failed. It is said that Nippon Life who owns a 49% stake in Reliance Capital-backed life insurance venture, Reliance Nippon has...
SEBI approves Adani Group’s open offer for 26% shares of NDTV
Markets regulator Sebi on Monday approved Adani Group’s open offer to buy an additional 26% stake in broadcaster New Delhi Television Ltd, a takeover attempt that has raised concerns over eroding press freedom in...
Adani eyes stake in Bengaluru airport
Adani Group is evaluating a plan to pick up a stake in Bangalore International Airport Ltd (BIAL), three people aware of the development said. “The Adani Group has been assessing multiple approaches to buy a stake in...
Seasoned investors pick stake in Dish TV
Top investors, including one managing late Rakesh Jhunjhunwala’s family office and a few larger foreign funds, are betting on Dish TV India Ltd after chairman Jawahar Goel stepped down from the board of the country’s...
Kedaara, others in talks to acquire Avanse stake
Private equity firms, including Kedaara Capital, are in talks with Warburg Pincus to buy some of its stake in education loans-focused non-banking financial company (NBFC) Avanse Financial Services Ltd, two people aware...
HDFC Bank to divest 3.21% stake in Lentra AI by Dec-end
HDFC Bank has executed an agreement to sell a 3.21% stake held in Lentra AI (Lentra) aggregating to nearly ₹54.16 crore. This would be a partial divestment of the bank in Lentra. The transaction is expected to be...
Scaramucci’s SkyBridge Capital looking to buy back stake from FTX: Report
SkyBridge Capital is working to buy back its stake from embattled crypto exchange FTX, the alternative investment firm’s founder Anthony Scaramucci said in an interview with CNBC on Friday. “My legal team...
‘India could soon be a $200 bn M&A market’
While IPO fundraising activity has been subdued this year due to global macro challenges, investment banks have witnessed growing opportunities in mergers and acquisitions (M&As). In an interview, S. Ramesh...
RIL among 16 interested in Future Retail’s IBC assets
Mukesh Ambani’s Reliance Industries is among 16 suitors who have submitted expressions of interest (EoI) to take over Future Retail Ltd, a person aware of the development said. While news reports said the Adani Group...
Neobank startup ZikZuk acquires TaxSpanner.com
Neobank startup ZikZuk Technologies announced the acquisition of Spanacross IT Solutions, known as TaxSpanner.com, for an undisclosed amount. Delhi-based, TaxSpanner.com caters to over one million users and has a suite...
