Mergers & Acquisitions

REC Limited’s board has approved the sale and transfer of the entire shareholding of Ramgarh-II Transmission Limited, presently held by REC Power Development and Consultancy Limited (RECPDCL), is set to transfer its stake in Ramgarh-II […]

International Holding Company (IHC) has increased its stake to over 5 per cent in Adani Enterprises, following its stake sale in Adani Green and Adani Energy Solutions. With this move, IFC’s total holding now stands […]

The Adani-led promoter group has increased its stake in two of the group’s listed companies, as the ports-to-energy conglomerate continues to work on a comeback strategy. The promoter group has increased stake in flagship Adani […]

iBus has acquired Sheltera Construction International Limited to improve its position in the small cell and optical fibre domains. Through this acquisition, iBus will have access to Sheltera’s portfolio of more than 700 small cells […]

Ashok Leyland has announced the complete acquisition of Ohm Global Mobility Private Limited (OHM). The acquisition is being carried out from OHM International Mobility Limited for a nominal amount of Rs 0.1 million, reflecting that […]

The Kolkata bench of bankruptcy court has approved the resolution plan submitted by the National Asset Reconstruction Company Limited (NARCL) for the twin Srei companies, namely, Srei Equipment Finance and Srei Infrastructure Finance. However, NARCL […]

Osaka Gas and Sumitomo Corporation are nearing a deal to buy about a 30 per cent stake in Think Gas that could value the Indian natural gas supplier at as much as $1.5 billion. The […]

KKR has agreed to pick up a majority stake in Leap India, logistics solutions company, a move that will push the firm’s presence in the infrastructure space in Asia. This adds to KKR’s infrastructure bets […]

The lenders of Vidarbha Industries Power have decided to conduct a Swiss challenge auction among the three asset reconstruction companies (ARCs) that have been shortlisted on August 8, 2023. The lenders have shortlisted Aditya Birla […]

Vinci Highways is planning to acquire Vindhyachal Expressway (VEPL) sponsored by JMC Projects, a subsidiary of Kalpataru Power Transmission. Besides, Global Infrastructure Partners (GIP) is also in talks to acquire VEPL. Vindhyachal Expressway (VEPL) is […]

The strategic disinvestment of Pawan Hans has been called off by the government after bidding consortium Star9 Mobility Private Limited was disqualified due to pending legal cases. The government has examined the adverse orders of […]

Adani Enterprises has purchased 29.81 per cent stake in Start Enterprises Private Limited (SEPL). SEPL owns the online train ticket booking platform Trainman. The stakes have been bought for Rs 35.6 million. In June 2023, […]

Tata Communications has entered into a share purchase agreement through its Singapore-based subsidiary Tata Communications International Pte Limited (TCIPL) to acquire the remaining 41.9 per cent equity in Oasis Smart SIM Europe SAS for $12 […]

Bharti Airtel has acquired an additional 20.6 per cent stake in Lavelle Networks, a Bangalore-based software-defined wide area network (SD-WAN) startup. With this, the telco’s total ownership will increase to 45.6 per cent in the […]

Cisco has announced its intent to acquire London-based broadband network monitoring firm SamKnows to strengthen its network assurance portfolio. The acquisition will expand Cisco ThousandEyes’ industry-leading view of global internet health. ThousandEyes has hundreds of […]

Vodafone Group Plc and CK Hutchison Group Telecom Holdings Limited (CKHGT) have entered into binding agreements in relation to a combination of their UK telecommunication businesses, respectively Vodafone UK and Three UK. Vodafone will own […]

The disinvestment of Container Corporation of India (CONCOR) has been called off on account of internal differences over the proposed move. Additionally, the Indian Railways (IR) has reservations about bringing on board a strategic investor […]

The disinvestment of the Container Corporation of India has been called off on account of internal differences over the proposed move. Ad­ditio­nally, Indian Railways has reservations about bringing on board a strategic investor into the […]

Adani Defence Systems and Technologies Limited has decided not to proceed with the proposed Rs 4 billion deal to acquire Air Works India (Engi­neering) Private Limited, a maintenance, repair and overhaul company. The deal has […]

The government has mopped up Rs 41.85 billion through the sale of a 3 per cent stake in Coal India. After the offer for sale, the Centre’s hol­ding has come down to 63.13 per cent […]