The online learning platform Vedantu bought a majority stake in Ace Creative Learning Pvt. Ltd, commonly known as Deeksha in a deal that closed at $40 million. Deeksha, which is Karnataka’s leading test...
Veranda Learning arm to acquire JK Shah Classes for ₹337.82 crore
Veranda Learning Solutions Limited has announced that it has signed a definitive agreement for the acquisition of equity shares of J. K. Shah Education Pvt Ltd through its wholly-owned subsidiary, Veranda XL Learning...
Moglix acquires ADI’s Indian distribution unit for industrial goods
Tiger Global-backed industrial goods marketplace Moglix has acquired ADI Global Distribution’s India distribution business to strengthen its product portfolio across video surveillance, access control and fire control...
Power Grid acquires ETL under TBCB route
Power Grid Corporation of India emerged as the successful bidder under tariff-based competitive bidding (TBCB) to acquire ER NER Transmission (ETL). The company acquired ETL, the project special purpose vehicle (SPV)...
CCI approves IndInfravit’s acquisition of five SPVs
Anti-trust regulator Competition Commission of India (CCI) has approved acquisition of 100% of the equity and compulsorily convertible debentures of five special purpose vehicles (SPVs) by IndInfravit and allotment of...
Happiest Minds Tech’s board approves fundraising of ₹1,400 cr via issuance of securities
IT services company, Happiest Minds Technologies on Wednesday received the board of directors’ approval for fundraising up to a whopping ₹1,400 crore. The fresh capital is likely to be raised through the issuance...
Britannia acquires 51% of equity share capital in Kenya’s Kenafric Biscuits
Britannia Industries on 3 October said that it has acquired a controlling stake in Kenya’s Kenafric Biscuits Ltd and took full control over Catalyst Britannia Brands Ltd. Britannia and Associates (Dubai) Pvt Co...
PNB to sell its entire stake in ARCIL, plans to complete divestment by Dec-end
Public sector bank (PSB) major, Punjab National Bank(PNB) on Thursday decided to sell its entire stake in Asset Reconstruction Company (India) (ARCIL) at an agreed price. PNB currently holds a 10.01% stake in ARCIL. The...
TotalEnergies to trim stake in Adani Green Energy
TotalEnergies SE said it could sell a small part of its 20% stake in Adani Green Energy Ltd. to cash in on the jump in the valuation of the Indian renewable energy producer. The French energy giant bought 20% of Adani...
Premji Invest looks to buy majority stake in Sleep Co
Premji Invest Opportunities Fund has emerged as the frontrunner to buy a significant majority stake in mattress startup The Sleep Company, at least three people aware of the deal said. The fund, which is part of Wipro...
No stake sale, PNB to retain promoter status in subsidiary
Punjab National Bank will continue as a promoter of PNB Housing Finance Ltd (PNBHFL) even after the mortgage lender completes its rights issue, a top executive said. The public sector bank has already got Reserve Bank...
A wary govt adopts 2-stage process for IDBI stake sale
The government may take a two-stage approach to privatize IDBI Bank, examining the eligibility of potential bidders in the first stage, followed by a second stage where transaction advisers will take charge of the sale...
