HDFC Bank Ltd, India’s most valuable lender, agreed to acquire its parent and the country’s largest mortgage lender for about $64 billion in an all-stock deal to create a $160 billion financial services behemoth that...
Govt seeks bidders for FSNL strategic divestment
The government will divest its entire stake in Ferro Scrap Nigam Limited (FSNL) held through MSTC Limited in a strategic sale. The Centre will also give up management control in the profit-making central public sector...
UniFarm initiates merger with asset-backed NFT platform ‘OpenDeFi’
Global collaborative wealth creation platform UniFarm with native token $UFARM has announced that it will absorb asset-backed non-fungible token (NFT) platform ‘OpenDeFi’ with native token $ORO to access a wider...
FarMart raises $32 million in series B funding led by General Catalyst
Agritech startup, FarMart on Wednesday secured funding worth $ 32 million ( more than ₹240 crores) in a round led by American venture capital firm, General Catalyst. In the series B round funding, existing investors...
Consortium to buy Nielsen for $16 billion including debt
Nielsen Holdings PLC agreed to sell itself to a group of private-equity firms in a deal that values the media-measurement company at $16 billion including debt, resurrecting a deal after talks fell apart last week. A...
BlackRock, Mubadala eye a slice of Tata’s green venture
The world’s biggest asset manager, BlackRock, and UAE sovereign wealth fund Mubadala Investment Co. are in talks to invest around $500 million and $200 million, respectively, in a proposed new energy entity being...
CollegeDekho buys coding platform PrepBytes
CollegeDekho, a student enrollment platform, has acquired coding platform PrepBytes in a cash and equity deal. The acquisition is expected to boost the online platform CollegeDekho Learn, which helps students understand...
Access to technology key to M&A strategies of Indian firms: survey
The merger and acquisition decisions of Indian companies for 2022 will be driven by their need to access key technologies to achieve strong and sustainable growth, according to the EY CEO Outlook 2022. Considering that...
India Sotheby’s picks up stake in CRE Matrix
India Sotheby’s International Realty (ISIR) has picked up a stake in CRE Matrix, an analytics platform for residential and commercial realty, to increase synergies, improve data processing, and sharpen analytical skills...
Glance InMobi acquires Gambit, aims to bring NFT-based live gaming on lock screens globally
Glance InMobi (“Glance”), a Singapore-based consumer internet company, has acquired Indian gaming company Gambit Sports Pvt Ltd. (“Gambit”) – to accelerate its ambition of building the biggest platform...
PNB buys 6% stake in public digital e-commerce platform
Govt-owned Punjab National Bank (PNB) has acquired about 6% stake in the first-of-its-kind open network, Open Network for Digital Commerce (ONDC) for an aggregate amount of ₹10 crore. PNB received board of directors...
Kotak Mahindra Bank, Axis Bank acquire nearly 8% stake each in ONDC
Private lenders Kotak Mahindra Bank and Axis Bank have each acquired 7.84% stake in Open Network Digital Commerce (ONDC) for ₹10 crore. “This is to inform you that ONDC has on March 22, 2022 allotted Axis Bank...
