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.
Linecraft.ai harnesses the power of both automation domain expertise and artificial intelligence (AI) & machine learning (ML) to empower manufacturers to get more productivity and quality improving operational efficiency on a real-time basis, according to a Wipro statement.
In February this year, Biocon Biologics inked a pact to acquire Viatris Inc's biosimilars business for consideration of up to USD 3.33 billion (about Rs 24,990 crore).
Lupin Limited announced that its wholly owned subsidiary in Brazil, MedQuímica Indústria Farmacêutica, signed a definitive agreement to acquire all rights to the nine medicines from Bausch subsidiary BL Indústria Ótica
Faced with falling demand for online classes, Vedantu is betting on a hybrid strategy, where it plans to offer online and offline coaching in rural and lower-tier towns at a lower price point.
The development comes at a time when PhonePe is in talks to raise a mega round of $450-500 million, likely to be led by General Atlantic.
Vora says quantitative research is the future and the company will work towards taking a lead in quant-based asset and wealth management services
The luxury brand, founded by fashion designer Tom Ford, entered into exclusive negotiations with Estee Lauder this week and a deal could be announced as early as Monday, the FT reported.
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.
"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.
Dabur said the acquisition was in line with its strategic intent to expand its food business to Rs 500 crore in three years and expand into new adjacent categories. This will also mark Dabur's entry into the over Rs 25,000 crore branded spices and seasoning market in India.
Since Absolute Sports is a material subsidiary of Nazara Tech, the acquisition would fall under related party transactions
Both the private equity players will acquire up to 10 percent stake each in the private sector lender. Both the Carlyle Group and Verventa Holdings are set to pour money into the bank against 184.8 equity shares each and Rs 128.37 crore warrants each.
LimeRoad clocked a net revenue of Rs 179.95 crore in 2019-2020, which dropped to Rs 69 crore in 2021-2022
HUL is in talks to acquire majority stakes in Wellbeing Nutrition and Conscious Food to strengthen in-house product categories, according to reports
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.
Vamsi Krishna, co-founder of Vedantu said the edtech unicorn will work with Deeksha to scale in the three states where the latter has an offline footprint, and in time move to other cities. He added that Deeksha will continue to operate as a separate brand.
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.
"The object of the acquisition is manufacture and sale of biscuits in Kenya and African markets," Britannia informed the stock exchanges.
The deal covers port assets in Gujarat, Andhra Pradesh and Odisha as well as two power plants at Hazira and an electricity transmission line.
Adani Power is a publicly listed company with eight operational power plants in India.
The company is acquiring Curatio Healthcare at 6.9 times FY 23 estimated sales and 23 times operating earnings
The acquisition of the remaining 10.58 percent stake (on a fully diluted basis) is likely to be completed in another month’s time, by October 26, 2022.
Mahindra Logistics Ltd (MLL) will acquire the express business through a business transfer agreement (BTA), including the customers, team and assets of Rivigo's B2B express business and its technology platform.
Narayana Hrudayalaya is acquiring an orthopaedic and trauma hospital in Bengaluru for Rs 200 crore, adding capacity at an existing location