M&A
GE T&D India, a company engaged in power transmission and distribution business, is discussing sale of its Global Engineering Operations Division (GEOD) after a revised valuation by an independent valuer saw a 61% jump…
M&A
Bangalore-based Unicorn e-commerce roll-up company Mensa Brands has acquired Kolkata-based leather goods manufacturer and seller, Estalon. Estalon has largely been a family-owned business, spanning three generations…
M&A
Bengaluru-based Curefoods, a cloud kitchen startup, has acquired five brands to strengthen its direct-to-consumer play and create a house of brands on its platform. The five brands are Mumbai-based legacy pizza brand…
M&A
Debt-laden Infrastructure Leasing and Financial Services (IL&FS) has completed the sale of its 26% stake in ONGC Tripura Power Company (OTPC) to Gas Authority of India Limited (GAIL) for INR 1,227 crore. IL&FS Group…
M&A
Pittsburgh, PA (US)-based Wabtec Corporation has acquired New Delhi-based MASU Brakes's railway friction business for USD 34 million. MASU is a manufacturer of friction products across the automotive and rail…
M&A
Pune-based, publicly-listed Tech Mahindra is to acquire a 100% stake in Hyderabad-based Allyis India for USD 125 million in cash, including earnouts. Under the deal, Tech Mahindra (Americas) Inc will buy a 100% stake…
M&A
Reliance New Energy Solar Ltd (RNESL), the renewables arm of Mumbai-based publicly listed Reliance Industries Ltd (RIL), is to buy a 100% stake in Sheffield, UK-based sodium ion battery technology provider Faradion Ltd…
M&A
The proposed buyout of general insurance company RahejaQBE by Paytm Insuretech has not found favour with the Insurance Regulatory Development Authority of India (Irdai), sending the deal back to the drawing board again.
M&A
With financial bids received for the strategic disinvestment of Neelachal Ispat Nigam Ltd (NINL), the process now moves to the concluding stage. ArcelorMittal, JSW Steel, Megha Engineering and Infrastructure Ltd, and…
M&A
Publicly listed Allcargo Logistics Ltd (ALL) has approved the demerger of its container freight station/inland container depot (CFS/ICD) business into Allcargo Terminals Ltd and the equipment rental, warehousing…
