State-run power giant NTPC is unlikely to conclude its about ₹10,000-crore acquisition deal to buy government’s stake in THDC India and North Eastern Electric Power Corporation, according to a source. The...
Siemens to acquire New Delhi-based C&S Electric for around ₹2,100 crore
Attracted by India’s electrification drive, Siemens AG will acquire New Delhi-based C&S Electric Limited for around Rs.2,100 crore (euro 267 million). The announcement to acquire 99% stake in C&S Electric comes...
NCLAT sets aside insolvency proceedings against Raheja Developers
Providing a major relief to Raheja Developers, the National Company Law Appellate Tribunal (NCLAT) has set aside the insolvency proceedings against the NCR-based real estate firm and handed over the management of the...
Cigarette maker Godfrey Phillips up for sale
Documents seen by BusinessLine indicate that key promoter entities, led by KK Modi Family Trust, have reached out to global investment bankers, including Goldman Sachs, Morgan Stanley, JP Morgan and Credit Suisse, for...
India calls for bids as it seeks to sell entire stake in Air India
India said on Monday it plans to sell its entire stake in Air India, in a revised push to sell its national carrier after an initial attempt to sell a majority stake in the airline failed to draw a single bid in 2018. A...
Investors build war chests to buy bonds of distressed European companies
Years into a bond market bull-run, investors are banking on a brighter future for funds that buy the debt of financially troubled European companies whose bonds are offering meatier returns because they are more risky...
Coca-Cola Brasil asks court to void Heineken acquisition in Brazil: report
Coca-Cola Brasil has filed a motion in a Brazilian court to annul the 2017 Heineken (HEIN.AS) acquisition of Brasil Kirin , the Valor Economico newspaper reported on Friday, citing court documents. According to the...
Crysta raises ₹10-crore funding
Crysta has raised ₹10 crore in a Pre-Series A funding round led by the family office of Ruchirans and Anuraag Jaipuria. The investors also including Mumbai-based Green Shots Capital and Alfa Ventures, Delhi-based Real...
Mahindra Holidays keen to acquire stressed assets across country, including Kashmir
Mahindra Holidays is looking at acquiring stressed assets in the hospitality sector across different parts of the country, including Kashmir. Kavinder Singh, MD & CEO of Mahindra Holidays and Resorts India Ltd, told...
Bengaluru-based bike rental start-up Bounce raises over $100 million in funding
Bengaluru-based start-up Bounce, on Thursday, announced that it had raised an additional $105 million (₹746.33 crore) in its Series-D funding round. The funding was co-led by existing investors Eduardo Saverin from B...
Assam Government requests Central Government to divest BPCL’s stake in NRL to Oil India
State seeks to buy 13 per cent more stake in NRL for ₹ 2,000 crore The Assam government has requested the Centre to divest its stake in Bharat Petroleum Corporation Ltd in favour of Numaligarh Refinery Ltd (NRL) to Oil...
Concept buys 51% stake in marketing firm Lastmile Solutions
While Suchanti declined to share details, he confirmed to ET that it’s a part debt and equity deal, and Concept would infuse capital for growth. “The deal is engineered in a way where we will be scaling up business by...
