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...
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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...
LIC buys over 2% stake in state-owned BPCL
Insurance behemoth Life Insurance Corporation of India (LIC) on Tuesday acquired over 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) since last December. LIC has increased its...
Mahindra to buy Rivigo’s B2B express biz
Mahindra Logistics Ltd will acquire the business-to-business (B2B) express delivery business of Rivigo Services Pvt. Ltd, the third-party logistics solutions provider said on Monday. Mahindra Logistics will buy the...
Tata, Singapore Airlines may merge Vistara, Air India
The Tata group and Singapore Airlines Ltd are working on merging their airline businesses Air India and Vistara and housing them under a new joint venture, two people aware of the development said, as they aim to...
Jubilant Foodworks completes acquisition of 29.42% in Roadcast Tech Solutions
Domino’s Pizza, Dunkin’ Donuts, and Popeyes franchiser, Jubilant Foodworks completed the acquisition of a 29.42% stake in Roadcast Tech Solutions on Monday. In July, the food service company signed a share...
