mergers and acquisitions

Mumbai, March 31 Piramal Finance's total assets under management have crossed Rs 1 lakh crore, and the non-bank lender is keen to acquire a microfinance institution to fuel the next stage of growth, a top official has said.The company is aiming to increase its AUM to Rs 1.5 lakh crore by the...

New Delhi, March 30 JSW Steel, led by Sajjan Jindal, announced on Monday that Japan's JFE Steel Corporation has invested ₹7,875 crore to acquire a 25 per cent stake in JSW Kalinga Steel Ltd.The investment is the first tranche of JFE's planned stake in JSW Kalinga, with 2,26,94,524 equity...

New Delhi, March 30 Black Box, a digital infrastructure solutions provider and a firm within the Essar Group, announced on Monday that it had raised ₹386.36 crore through the conversion of warrants into equity shares, with promoters contributing ₹200 crore to the total investment.According to...

New Delhi, March 24 Welspun Mauritius Holdings will transfer its 22 per cent stake in East Pipes Integrated Company for Industry to Welspun Pipes Inc, USA, for 979.90 million SAR (Saudi Riyal).Both Welspun Pipes and Welspun Mauritius Holdings Limited (WMHL) are wholly-owned subsidiaries of the...

Bengaluru, March 24 A consortium led by the Aditya Birla Group (ABG) emerged as the lead bidder to acquire the IPL franchise, Royal Challengers Bengaluru, for a staggering USD 1.78 billion (approximately Rs 16,706 crore) on Tuesday.Other parties involved in the consortium are – Blackstone, an...

New Delhi, March 24 HDFC Bank has appointed external law firms to independently examine the issues highlighted in the resignation letter by Atanu Chakraborty as a proactive step to ensure an objective and fact-based assessment.The bank's spokesperson said that appointing external law firms is...

Mumbai, March 23 Amendments to the 'Press Note 3' by the government will help China increase its share in the overall foreign direct investments attracted by India to 2 per cent levels, a report said on Monday."The change in the rule is expected to increase the share of Chinese funds in...

Kolkata, March 20 The Bengal Chamber of Commerce and Industry (BCC&I) has signed a memorandum of understanding (MoU) with Intueri Consulting LLP and the Indonesia-based Arthashastra Institute to establish a strategic consulting and research alliance for the Indo-Pacific markets.The tripartite...

New Delhi, March 17 The Tata Steel board approved on Tuesday the merger of NINL with the company and an investment of USD 2 billion in its wholly-owned subsidiary, T Steel Holdings Pte.The board also approved the acquisition of a stake in Medica TS Hospital Private Limited (Medica TS Hospital)...

New Delhi, March 17 The Fair Trade regulator, CCI, approved Bentley Asia Holdings II Pte Ltd's proposal to acquire an additional stake in Baby Memorial Hospital on Tuesday.Baby Memorial Hospital Ltd (BMH) is a multispecialty healthcare network operating several hospitals across various cities...

New Delhi, March 16 Travel booking aggregator MakeMyTrip said on Monday that it is evaluating a potential listing of its Indian business in the country to catalyze the brand's growth in its core market, strengthen its leadership in India, and support long-term growth.The NASDAQ-listed firm...

New Delhi, March 12 Akzo Nobel India, a manufacturer of paints and coatings, in which JSW Paints has acquired a majority stake, has received approval from the Ministry of Corporate Affairs (MCA) to change its name to JSW Dulux.According to a regulatory filing from the company, the ministry has...

Mumbai, March 5 UPL Ltd announced on Thursday that after restructuring, it will continue to generate revenue from its specialty chemical arm, Superform, and formulations, ensuring that it remains a strategic operating holding entity with significant scale and size.The company added that UPL...

New Delhi, March 2 Air India Express Managing Director Aloke Singh will step down from his position on March 19 after the completion of his term, sources said on Monday.Singh, who joined the then government-owned Air India Express as the Chief Executive Officer (CEO) on November 9, 2020...

New Delhi, February 17 The Competition Commission of India (CCI) said on Tuesday that it has approved the internal reorganization of certain businesses of Bennett Coleman & Company Ltd (BCCL)."The proposed combination involves an internal reorganization of BCCL aimed at separating certain...

New Delhi, February 17 The Competition Commission of India (CCI) has approved the proposed merger of Hinduja Leyland Finance Ltd with NDL Ventures Ltd.Hinduja Leyland Finance is an NBFC-Asset Finance Company that provides small-ticket loans to urban and semi-urban retail customers. It provides...