M&A
IL&FS has completed the sale of its 71.84% stake in IL&FS Prime Terminals FZC to VTTI Terminal I BV. The sale has enabled the release of a corporate guarantee of USD 110 million issued by IMICL for IPTF. IL&FS' stake…
M&A
GlobalBees Brands Pvt Ltd, a Thrasio-style direct-to-consumer (D2C) venture that aggregates and invests in e-commerce brands, has added three more startups to its portfolio list. The company has picked up a majority…
M&A
Kalyani Powertrain Ltd (KPL), a subsidiary of publicly-listed auto components manufacturer Bharat Forge has hiked its stake in fellow Pune-based electric two-wheeler maker Tork Motors Pvt Ltd to 60.66% through the…
M&A
Bengaluru-based, publicly listed HealthCare Global Enterprises Ltd (HCG), a specialty healthcare service provider focused on oncology, has acquired an additional 60.9% stake in Hubballi-based Suchirayu Healthcare…
M&A
Creditors to Imagicaaworld Entertainment, promoted by Bollywood producer Manmohan Shetty, are rejigging the sale process of the debt-laden company to reduce regulatory clearances and possible legal hurdles. As part of…
M&A
The Indian arm of global GIS technology solutions provider Esri is on track to solidify its compliance with the updated geospatial policy reforms with its managing director Agendra Kumar set to hold a majority stake in…
M&A
Prithvi Raj Jindal's Jindal Saw is expected to emerge the highest bidder for bankrupt Sathavahana Ispat. To fund the acquisition, PR Jindal's holding company Siddeshwari Tradex has raised an INR 500 crore debt facility…
M&A
Bengaluru-based Manipal Hospitals is in talks to acquire Kolkata-based AMRI Hospitals. AMRI operates four hospitals - three in Kolkata and one in Odisha - with a combined bed capacity of around 1,000.
M&A
Sundaram Asset Management Company Ltd, the 100% subsidiary of Sundaram Finance Ltd, has received regulatory approval from Sebi for the purchase of the asset management businesses of Principal Asset Management Pvt Ltd…
M&A
Spanish brand Pepe Jeans has decided to exit its 50:50 joint venture Pepe Jeans Innerfashion in India, which it had formed with Dollar Industries in 2017. Dollar had been offered Pepe's entire stake in accordance with…
