One97 Communications Ltd., which owns digital payments firm Paytm, said its share purchase agreement to acquire 100% of Raheja QBE General Insurance Company Ltd. has been terminated as its transaction could not be...
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Jack Ma Exits Paytm Mall; Sells 43% For ₹42 Crore
Five years after making its biggest bet in India’s e-commerce market, Jack Ma-led Alibaba and Ant Financials have exited Paytm E-commerce Pvt. Ltd, the parent entity of Paytm Mall. Paytm E-commerce bought back the...
Tata Steel Acquires 1.30 Cr Ocrps Of Associate Firm Trf
Tata Steel on Saturday announced the acquisition of 1.30 crore optionally convertible redeemable preference shares (OCRPS) having a face value of ₹10 each of associate firm, TRF. The transaction aggregates to ₹13 crore...
Elon Musk ‘still Committed’ To Twitter Takeover Bid After Putting It On Hold. Key Points
Elon Musk on Friday had said that his plan to buy micro-blogging site Twitter for $44 billion is “temporarily on hold” as he tries to pinpoint the exact number of spam and fake accounts on the social media...
Swastika Commodity Merges With Swastika Investmart
In a bid to provide equity & commodity services under one roof with increased operational and financial efficiency, Swastika Investmart Ltd has completed the merger of its subsidiary company Swastika Commodity...
NCLT grants more time to FRL to reply to BOI plea
The Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday granted more time to Future Retail Ltd (FRL) to file its response to a Bank of India petition seeking to initiate insolvency resolution...
Web3 Platform Fanztar Raises ₹5 Cr Led By India Quotient, Sharechat Founders
Fanztar, a web3 platform for the creator economy, has announced that it has raised ₹5 crore in seed funding led by India Quotient, a seed-to-early-stage venture capital firm. The funding also saw participation from...
Vivriti Capital Raises Additional $30 Mn From Tvs Capital
Non-bank lender Vivriti Capital Pvt. Ltd has raised an additional $30 million (around ₹228 crore) from TVS Shriram Growth Fund 3 as part of its Series C round. The Chennai-based company had raised $55 million in the...
Lodha, Bain, Ivanhoe Ink $1bn Logistics Deal
Real estate firm Lodha on Wednesday said it has partnered with Bain Capital and Ivanhoé Cambridge to build a platform of logistics and light industrial parks, as well as in-city fulfillment centers. The platform will...
Byju’s Acquires Singapore Education Firm Northwest
Byju’s has agreed to buy Singapore-based online higher education platform Northwest Education Pte in a cash-and-stock deal, said two people aware of the transaction, as India’s largest online tutoring firm continues to...
Pfizer To Buy Rest Of Biohaven For $11.6 Billion
Pfizer Inc. said it agreed to buy the rest of Biohaven Pharmaceutical Holding Co. for about $11.6 billion, giving the New York drugmaker full ownership of the Nurtec ODT migraine franchise. Pfizer said it would pay $148...
HCL Tech to buy digital banking, wealth management specialist Confinale
HCL Technologies UK, a wholly-owned subsidiary of HCL Technologies (HCL), has signed a definitive agreement for the acquisition of Confinale AG, a Switzerland-based digital banking and wealth management consulting...
