Sequoia Capital India on Wednesday divested nearly 3.3 per cent stake in paint manufacturer Indigo Paints for ₹210 crore through open market transactions. According to the bulk deal data available with the BSE, Sequoia...
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Adani to buy stake in Indian Oiltanking for $129 million
Adani Ports and Special Economic Zone Ltd. has agreed to buy a 49.38% stake in liquid storage facility company Indian Oiltanking Ltd. for 10.5 billion rupees ($129 million) as its billionaire founder, Gautam Adani...
Piramal Enterprises to raise up to ₹650 cr through NCDs
Piramal Enterprises said its board has approved raising of up to ₹650 crore by issuing non-convertible debentures. The size of the issue is up to ₹50 crore with an option to retain over subscription of up to ₹600 crore...
Shilpa Medicare plans API biz stake sale
Shilpa Medicare plans to sell a stake in its API (active pharmaceutical ingredient) business, its high-revenue generating unit that was spun off into a separate entity this July, said two people aware of the matter. The...
Viatris to sell Famy Care, prepares to exit non-core biz
US healthcare company Viatris Inc. has put its India-focussed women’s healthcare business Famy Care Pvt. Ltd for sale as part of its global strategy to divest non-core businesses, three people familiar with the...
Adani to raise ₹2,000 crore through retail bond sale
Adani Enterprises Ltd (AEL) plans to raise as much as ₹2,000 crore through a maiden retail bond sale by December, two bankers aware of the matter said. The flagship of billionaire Gautam Adani has secured an A+ rating...
KKR, Temasek eye stakes in Manipal Health
KKR and Co. and Temasek are in separate advanced talks with TPG and National Investment and Infrastructure Fund (NIIF) to buy out their stakes in Ranjan Pai-controlled hospital chain, Manipal Health Enterprises Pvt...
Niva Bupa and IDFC First Bank partner for bancassurance
Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company), has announced its corporate agency partnership with IDFC First Bank to provide best-in-class health insurance solutions...
Gateway Distriparks to acquire ICD Kashipur
Gateway Distriparks Limited (GDL) has signed a share purchase agreement (SPA) to acquire Kashipur Infrastructure and Freight Terminal Private Limited (KIFTPL). “The agreed purchase consideration for the acquisition of...
LIC picks up over 2% additional stake in Capri Global for ₹257 cr
Insurance behemoth Life Insurance Corporation of India (LIC) has raised its stake in Capri Global Capital by 2 per cent over the last few months at an investment of ₹257.37 crore. Its shareholding in Capri Global has...
Tilaknagar Industries buys 19.5% stake in maker of ready-to-drink shots Swigger
Tilaknagar Industries Limited, an Indian-made foreign liquor (IMFL) manufacturer has invested about ₹1 crore for a 19.5% stake in Pune-based start-up, Incredible Spirits Private Limited (ISPL), makers of ready-to-drink...
Merger of anti-profiteering body with CCI faces hurdles
The government’s idea of merging the National Anti-profiteering Authority (NAA), which penalizes businesses for goods and services tax (GST)-related profiteering, with the anti-trust regulator Competition Commission of...
