Investors could get fast-tracked clearance from the Competition Commission of India (CCI) for mergers and acquisitions within 20 days of being informed of the deal, if the watchdog does not form an adverse first...
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Sequoia Capital pares stake in Zomato
Sequoia Capital India has pared its stake in Zomato Ltd by selling shares in the open market, joining Tiger Global, Uber and Moore Strategic Ventures among investors who have either fully or partially sold their...
Hitachi Energy looks at acquisitions in India
Hitachi Energy will look at acquisitions and partnerships in India to foray into newer areas such as technologies for battery storage and other emerging areas in the energy space, said Claudio Facchin, CEO, Hitachi...
Adani needs Sebi nod to buy stake, says NDTV
Promoters of New Delhi Television Ltd (NDTV) resisted the Adani Group’s takeover bid, claiming a regulatory order prevents them from transferring effective ownership of part of the company’s shares. The television...
Govt mulls at least 51% stake sale in IDBI Bank: Report
India’s government is considering selling at least 51% of state-backed IDBI Bank Ltd., according to people with knowledge of the matter. Officials in the government and the state-backed Life Insurance Corp. of India...
General Atlantic, TPG might invest $100 m in Amagi
Private equity giants General Atlantic and TPG are in talks to invest $100 million in media technology firm Amagi, valuing the company at around $1.4 billion, three people with direct knowledge of the development said...
TVS Electronics to acquire business, IP rights of GTID Solutions Development
TVS Electronics on Monday executed a business transfer agreement with GTID Solutions Development to enter into the mobile POS software solutions and authentication solutions space, offering hardware along with required...
Future Retail lenders claim ₹21,058 crore dues under insolvency resolution
Financial creditors to Future Retail Ltd have submitted loan claims to the tune of ₹21,058 crore under the ongoing insolvency resolution process, showed a document available on the company’s website. A total of 33 banks...
Amazon among bidders for Signify Health
Amazon.com Inc. is among the bidders for healthcare company Signify Health Inc., joining other heavy hitters vying in an auction for the home-health-services provider, according to people familiar with the matter...
Third Eye Distillery takes controlling stake in Svami
Third Eye Distillery Holdings, the makers of Indian gin Stranger & Sons, has acquired a controlling stake in craft tonics and mixers brand Svami, owned by Foxtrot Beverages Private Limited. Third Eye co-founder...
Probe wings of NAA, CCI to be merged
The Union government plans to merge the investigation wings of the National Anti-profiteering Authority (NAA) and Competition Commission of India (CCI) to deal with goods and services tax-related offences. The move...
Insolvency plea against Future Enterprises filed in NCLT
Debt-ridden Future Enterprises Ltd said an operational creditor of the company has filed a plea before the National Company Law Tribunal to initiate insolvency proceedings against it. Future Enterprises Ltd (FEL), part...
