M&A
The JSW Group, via JSW Defence and Aerospace, has acquired a majority stake in a Punjab-based extreme off-road vehicle company Gecko Motors Pvt Ltd . The target company has been renamed as JSW Gecko Motors Pvt Ltd (JSW…
M&A
Hemant Kanoria-promoted Sarga Hotels, which operates a five-star hotel under the Westin brand in Kolkata, will be acquired by Shri Ram Multicom under the Insolvency and Bankruptcy Code (IBC) process.The Kolkata bench…
M&A
Adani Power has inked an initial pact to sell 100% equity in its two wholly-owned subsidiaries - Aviceda Infra Park Ltd (AIPL) and Innovant Buildwell Pvt Ltd (IBPL) - to its data centers focused joint venture firm…
M&A
Jubilant Pharma is to divest its entire 25.8% equity stake in Sofie Biosciences, a US-based theranostics company, for an estimated USD 139.43 million. JPL had invested USD 25 million in Sofie Biosciences in November…
M&A
Gainwell Group, through its group entity Indocrest Defence Solutions Pvt Ltd (IDSPL), has acquired a dominant stake in publicly-listed TIL (formerly Tractors India) Ltd, an infra equipment manufacturer. Both Gainwell…
M&A
The Competition Commission of India (CCI) has approved the acquisition of 31.27 % of additional stake in New Delhi–headquartered Religare Enterprises by four entities of Dabur India promoter Burman family, enabling…
M&A
New Delhi-based recycling player Vikas Ecotech Ltd (VEL) has acquired 100% stake in Uttar Pradesh-based Shamli Steel for INR 160 crore in a share swap deal. It has also infused an initial working capital of INR 15…
M&A
Japan's Sony Group has sent a termination letter to Zee Entertainment Enterprises Ltd (ZEEL) to call off the merger between its India unit and the Zee media network.The merger did not close by the ‘end date’ (December…
M&A
Publicly listed Hindustan Construction Company (HCC) has sold its Switzerland-based, step down construction business subsidiary Steiner Construction SA to France-based Demathieu Bard for approximately CHF 98 million…
M&A
AMG Media Networks, a unit of publicly listed Adani Enterprises, has increased its ownership of IANS to 76%, up from 50.5% earlier by subscribing to fresh shares issued by the news agency worth INR 5 crore.In Dec 23…
