M&A
Chennai-based, publicly listed abrasives and industrial ceramics maker Carborundum Universal Ltd (CUMI) is to buy a 100% stake in Burgbrohl, Germany-based Rhodius Abrasives at an enterprise value of EUR 55 million…
M&A
Vedanta Group's founder-promoter Anil Agarwal is considering a merger of his group's holding company with cash-rich, listed unit Vedanta Ltd. He has held talks with prospective advisers about the idea of combining his…
M&A
The Centre proposes to merge the Jute Corporation of India Ltd (JCI) with the Cotton Corporation of India Ltd (CCI) to create a bigger public sector entity to carry out procurement operations of all textile fibres. A…
M&A
Chicago, USA- and Chennai-based FourKites has acquired NIC GmbH (NIC-place), a Germany-based supply chain visibility software provider. Founded in 2016, NIC-place provides supply chain visibility software solutions…
M&A
Lalru, Punjab-based, publicly listed Panacea Biotec Ltd (PBL) is to sell its domestic formulations business to New Delhi-based Mankind Pharma for INR 1,908 crore. The target business - operated under PBL's 100%…
M&A
Potential strategic investors in IDBI Bank want the government to transfer some of the lender's non-performing assets (NPAs) of over INR 34,000 crore to the new bad bank and also allow investors to form consortiums to…
M&A
Startup AppX has acquired fellow New Delhi-based Superpage, a website building platform for creators. The acquisition will help creators kick off their online businesses in less than 10 minutes. Creators will also have…
M&A
Gurugram-based roll-up e-commerce company UpScalio has acquired Noida-based Truphe, a home and gardening brand. The acquirer plans to work on inventory regionalisation, sourcing, and brand marketing to scale the brand…
M&A
Mumbai-based financial services firm Avendus is to acquire Chennai-based Spark Capital's institutional equities business. The business being acquired has an 80-member team, catering to 400+ institutional clients over…
M&A
Mumbai-based, publicly listed Tata Steel Long Products Ltd (TSLPL, formerly Tata Sponge Iron Ltd) has been selected by the government's Department of Disinvestment & Public Asset Management (DIPAM) as the winner of the…
