Other Deals
Kotak Mahindra Bank-backed Phoenix ARC is in talks with banks to acquire loans of VVF (India) Ltd, makers of personal care products such as Doy Care and Jo. Phoenix ARC has offered INR 105 crore to Bank of India for…
Other Deals
Public sector lender Bank of Maharashtra (BoM) will divest its entire 4% stake in India SME Asset Reconstruction Company (ISARC). BoM has executed a share purchase agreement dated April 6, 2022 for the stake sale. The…
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Online investment platform Upstox is going to execute a share buyback plan worth around INR 29 crore (USD 4 million) from its founders and employees representing 286,598 equity shares. This buyback appears to include…
Other Deals
Publicly-listed L&T Finance has sold little over INR 3,400 crore from its stressed-assets portfolio to Kotak Mahindra Bank-backed Phoenix ARC. The sale comes as finance companies are brought within the purview of…
Other Deals
Power Grid Corporation of India (PGIL) has transferred the remaining 26% of its shareholding in Powergrid Vizag Transmission (PVTL) to infrastructure investment trust PGInvIT for INR 330.78 crore, after the adjustment…
Other Deals
Welspun Group company Welspun Corp Ltd has acquired INR 1,128 crore of debt of Sintex BAPL (SBAPL) - known for its plastic water tanks - for INR 386.9 crore. The debt, in the form of senior secured unlisted…
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Assam Industrial Development Corporation (AIDC) has taken over the assets of Hindustan Paper Corporation Limited (HPCL) Nagaon at Jagiroad and Cachar Paper Mill, Panchgram on behalf of the Assam government. AIDC was…
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Punjab National Bank (PNB) is to acquire a 9.5% stake in Open Network for Digital Commerce (ONDC). It has invested INR 10 crore for acquiring a 5.97% in its first tranche. ONDC is an initiative of the Ministry of…
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Private lender IndusInd Bank is to sell its INR 247 crore principal loans of Future Retail and Asian Hotels (North) Ltd to Edelweiss Asset Reconstruction Company for INR 195 crore. IndusInd Bank invited offers for the…
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Reliance Brands has acquired the India franchisee rights and the existing network of stores of Sunglass Hut from DLF Brands. There are about 85 Sunglass Hut outlets in the country. Sunglass Hut, owned by Italy's…
