M&A
The Good Glamm Group is in advanced talks to buy the consumer care business of Raymond Group that includes the Park Avenue and Kamasutra brands. The cash and stock deal is pegged at INR 2,000-2,500 crore. The…
M&A
The National Company Law Tribunal (NCLT) Chennai has approved the scheme of arrangement submitted by Kals Distilleries for the takeover of assets and properties of fellow Chennai-based Thiru Arooran Sugars Ltd. Kals…
M&A
Publicly-listed packaged food FMCG company Adani Wilmar Ltd has acquired several brands including Kohinoor for India region from Switzerland-based McCormick Switzerland GMBH. The acquisition would give AWL exclusive…
M&A
Cement maker Dalmia Bharat Ltd is set to throw its hat in the ring to buy Holcim's India businesses, joining a hotly contested race that has garnered interest from conglomerates including Adani, JSW and Aditya Birla…
M&A
Power Grid Corporation (PGCIL) will purchase IL&FS Energy Development Company Ltd's (IEDCL) 38% shareholding (or 77,30,225 shares) in Cross Border Power Transmission Company Ltd (CPTCL). Currently, Power Grid owns 26%…
M&A
The Adani Group is lining up massive investments in the healthcare sector and may acquire large hospitals, diagnostic chains, and offline and digital pharmacies, among other assets, to establish a foothold in the sector.
M&A
Norwegian energy giant Equinor-promoted renewable energy company Scatec ASA aims to set up greenfield projects in India's hydropower sector along with opportunities for acquisitions of distressed assets. The company…
M&A
Ahmedabad-based PVC pipes and plastic products maker Astral will acquire a majority 51% stake in Bangalore-based Gem Paints for INR 194 crore. (The operating paint business of Gem Paints is proposed to be demerged to a…
M&A
Nagpur-headquartered Winair Aviation is acquiring a 79% stake in debt-strapped TruJet (Turbo Megha Airways ) for INR 200 crore. TrueJet has signed a term sheet with WinAir on 26th April 2022. Winair expects that by…
M&A
The Indian government has approved selling its 51% stake in helicopter services provider Pawan Hans Ltd (PHL) along with transfer of management control for INR 211.14 crore to Star9 Mobility Private Ltd. PHL is a 51:49…
