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Epic Concesiones Pvt Ltd signs definitive agreements with L&T and Canada Pension Plan Investment Board to acquire a 100% equity stake in L&T IDPL
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HUL has been able to develop the markets and it is successful in building the category through higher advertisement spends and distribution network
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The plant was auctioned last month following a company law tribunal order.
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The acquisition will add a new segment that will fast-track the company's growth, Easy Trip Planners, which operates under the brand EaseMyTrip
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The proposed combination involves the acquisition of up to 10 percent each of the total paid-up share capital and voting rights of Yes Bank by CA Basque Investments and Verventa Holdings.
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As per the terms of acquisition, BFHL will own approximately 60 percent stake in IDFC AMC, whereas, the other two members of consortium - GIC and ChrysCapital (CC) will own 20 percent each.
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Shriram Financial Ventures, which served as the holding company for SCL, will henceforth take on the roles of promoter and holding company for the Group's financial services and insurance operations.
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The pact aims at leveraging the complementary strengths and capabilities of BEL and YIL, a state-owned defence company, and sharing of manufacturing and test infrastructure/resources for the production of arms and ammunition and related systems, the Bengaluru-headquartered BEL said in a statement on Tuesday.
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L&T Group Chairman AM Naik said he expects LTIMindtree to generate $5 billion in revenue by next year.
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Under the agreement, Adani Ports will also acquire an additional 10 percent equity stake in IOT Utkal Energy Services Ltd, which is a 71.57 percent subsidiary of IOTL.
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Nippon Life, which is a 49 percent partner in Reliance Nippon Life Insurance Company (RNLIC), may consider a merger between Reliance Nippon Life and Birla Sun Life Insurance, a part of Aditya Birla Capital.
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"The parties (Adani Power and DB Power) to the proposed transaction have mutually agreed to extend the long stop date as 30th November 2022, or achieving the closing/completion," a BSE filing stated.
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Unlike the tight ship that Elon Musk runs, Twitter is in shambolic shape
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The deal size is estimated to be above $500 million, sources said.
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Since Absolute Sports is a material subsidiary of Nazara Tech, the acquisition would fall under related party transactions
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Reliance Nippon Life Insurance was the only subsidiary of Reliance Capital that had not received any bid when the deadline for submission of non-binding bids had ended on August 29.
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SIBIA, a Kolkata-based advanced analytics and machine learning company, was founded by Angshuman Bhattacharya, who is the company’s CEO.
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The resolution for the merger was put forth during the meeting which was approved by 99.99 percent of Zee's shareholders.
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Ujjivan Financial Services holders to get 116 Ujjivan Small Finance Bank shares for Rs 10 each
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Bira 91 will get a retail presence through The Beer Cafe’s 33 outlets, while the pub chain gets the beer company’s support in innovations and supply chain.
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The fair trade regulator has asked Zee and Sony to ensure no misuse of market dominance that will arise as a result of the proposed merger, sources said.
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"The object of the acquisition is manufacture and sale of biscuits in Kenya and African markets," Britannia informed the stock exchanges.
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The potential merger is aimed at creating a market leading operator that could speed up the launch of 5G in Britain and expand broadband connectivity.
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The transaction will be effectuated through a newly created holding company structure, whereby Coffee Holdings and Delta will each become wholly-owned subsidiaries of Pubco.
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Adani Power is a publicly listed company with eight operational power plants in India.
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The acquisition of PoshVine would enable Razorpay to encourage more interaction between merchants, banks, and consumers by driving additional channels for rewards and driving additional spending digitally.
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Investment banks Citi and Deutsche Bank have been roped in as sell side advisors for the deal. Several prominent strategic players like Norway’s Statkraft, US based Sun Edison (which went bankrupt) and ReNew Power have explored a stake buy in Continuum Energy in the past
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The semiconductor project will be undertaken by Volcan Investments – the holding company of Vedanta, rather than by Vedanta itself. However, the benefits of vertical integration will eventually trickle down to Vedanta
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ITC is reportedly looking to part ways with its conglomerate structure and list its hotel business. CJ believes that any such demerger may still be a long time away but Santo sees a trigger for a new rally. Watch as the duo clash heads over what lies ahead for ITC and share their thoughts on CONCOR, Borosil and Apollo Tyres.
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JPL is having an operational thermal power capacity of 600 MW located in Seoni, Madhya Pradesh. After the acquisition of JPL, NTPC has become a 70 GW-plus company with total installed capacity of 70,064 MW.
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IDBI Bank’s ownership can be a shot in arm for Fairfax’s banking ambitions as the former is ten times the size of CSB Bank in terms of asset base
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It stated that the deal also envisages a 50-50 Joint Venture partnership, for building a 4 MTPA LNG terminal at Hazira, Gujarat, between Essar and ArcelorMittal.
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Schola’s acquisition will help Brightchamps in adding English speaking and communications vertical, a segment that will help it scale faster in its key markets--Southeast Asian countries such as Vietnam, Thailand and Indonesia.
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JSW Steel and JSW Ispat are into manufacturing and sale of steel products while Creixent Special Steels (CSSL) is in the business of holding investments.
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In its fifth acquisition in less than four years, Razorpay picks up an 80 percent stake in Ezetap Solutions Pte Ltd, the parent entity of Ezetap Solutions Pvt Ltd, which will see it go up against Pine Labs, MSwipe and BharatPe among others
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The proposed combination envisages the merger of HDFC Investments and HDFC Holdings with HDFC Ltd in the first step and subsequently, the merger of HDFC Ltd into HDFC Bank
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Besides sweeping up dirt, Roomba vacuums that cost as much as $1,000 collect spatial data on households that could prove valuable to companies developing smart home technology.
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The combined business will operate under the InCred Finance brand name, with a $600 million balance sheet and a $300 million equity base. It will be managed by Bhupinder Singh, who founded the InCred Group in 2016.
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The Delaware trial is sure to be a spectacle but outsmarting the world’s richest man will be a challenge
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Of the total final votes, 99.7 percent of the equity shareholders, 100 percent of the secured creditors and 99.9 percent of unsecured creditors were in the favour of the deal, according to a vote count at the company's NCLT convened meeting on July 6.
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The company further stated that the balance 49 percent stake shall be purchased in a phased manner in five tranches, spread over the next five financial years'.
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Zetwerk will look to add more homegrown manufacturing companies into its portfolio, said CEO Amrit Acharya
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Post the Blinkit acquisition, Zomato's losses will increase, delaying the visibility of profits. Therefore, conservative investors should exercise caution.
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The proposed combination involves the acquisition of up to 24.98 per cent shareholding of IIFLWM by BC Asia Investments X Limited, a notice issued by the anti-trust regulator said.
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BLS E-Services Limited, a wholly owned subsidiary of BLS, has carried out the proposed transaction. BLS International plans to extend and consolidate its BC business through this acquisition.
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ByteDance received $102.67 million for its entire investment. Considering VerSe Innovation’s $805-million primary fundraise in April, which it raised at a valuation of $5 billion, ByteDance should have received about $232 million for its investment.
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The European Commission said it did not have any competition concerns about the deal as there are no overlaps between the companies and the merged company would not have the ability to shut out rivals.
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Prakshep’s acquisition will help Arya.ag to boost its AI and ML capabilities for farm digitization, crop monitoring, quality assaying and surveillance
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RBL, a subsidiary of Reliance Retail Ventures, marked its first international foray by acquiring British toy retailer Hamleys.
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The planned merger is intended to result in cost savings, better alignment, coordination, and streamlining of the units' day-to-day operations, among other things.
