M&A
The Government of India proposes to disinvest Ferro Scrap Nigam Limited (FSNL), a 100% subsidiary of MSTC Ltd, through strategic sale along with transfer of management control. The last date to submit an Expression of…
M&A
Mumbai-headquartered J M Baxi Heavy Pvt Ltd, a wholly-owned unit of J M Baxi Ports & Logistics Ltd, has acquired the 'Project Forwarding and Logistics' business of Allcargo Logistics Ltd for INR 98.64 crore…
M&A
Bengaluru-based healthtech startup Phable has acquired Fused Training, a Type-1 diabetes health management startup. Noida-based Fused Training is focused on the fitness of people living with Type 1 diabetes. Sahil…
M&A
EV bikes maker Ultraviolette Automotive has acquired fellow Bengaluru-based Triloki Smart Systems, a connected vehicle technology startup, in order to scale up its automotive intelligence platform across multiple…
M&A
Private sector lender IDBI Bank will offload its remaining 25% stake in Ageas Federal Life Insurance Company (AFLI) to joint venture partner Ageas Insurance International NV. In December 2020, IDBI Bank had sold a 23%…
M&A
State Bank of India will buy out the entire stake of over 13% held by three other banking partners in SBI Global Factors Ltd (SBIGFL). The other three banking partners are SIDBI, Bank of Maharashtra and Union Bank of…
M&A
Publicly listed Alembic Pharmaceuticals, which earlier held a 60% stake in fellow Vadodara-based Aleor Dermaceuticals, has now acquired the remaining 40% from its JV partner Orbicular Pharmaceutical Technologies Pvt…
M&A
Kolkata-based Tata Consumer Products Ltd (TCPL) is to merge all the businesses of Pollibetta, Karnataka-based, fellow listed Tata Coffee Ltd (TCL) with itself as part of a reorganisation plan. While the plantation…
M&A
Raymond is looking to sell its apparel retailing brands ColorPlus and Park Avenue. Raymond was seeking a valuation of about INR 500 crore for the ColorPlus business that owns about 90 standalone stores, apart from…
M&A
Macquarie Group's asset management arm is exploring the sale of toll road assets in India as the Australian company seeks to monetise some of its early bets in India. The company is working with an adviser on the…
