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Dollar Industries hikes stake in Pepe Jeans Innerfashion

Dollar Industries has increased its stake in Pepe Jeans Innerfashion by making further investment of Rs 4 crore representing 28.57% along with the post allotment of Equity share capital of Pepe Jeans Innerfashion on November 10, 2018. The total investment of the company post allotment stand increased to Rs 7 ... Read More »

M&M acquires entire stake in Mahindra Automotive Mauritius

Mahindra & Mahindra (M&M) has acquired 100% stake in Mahindra Automotive Mauritius on November 06, 2018. M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. ... Read More »

CCEA approves disinvestment of 100% Govt stake in Dredging Corporation of India

Cabinet also approved leasing out six airports, namely Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru for operation, management, and development under Public Private Partnership. The Cabinet approved laying down procedures and mechanisms for sale of enemy shares. Sale proceeds are to be deposited as disivestment proceeds in the government account ... Read More »

Unichem Lab inks agreement to acquire 20% stake in Optimus group

Unichem Laboratories has entered into an agreement to acquire 20% equity stake in the API and intermediate business of Hyderabad based Optimus group. The acquisition value is Rs 120 crore. The transaction will give the company access to Optimus’ US Food and Drug Administration (USFDA) approved API manufacturing facilities and ... Read More »

Adani Transmission acquires entire stake in KBSTPL

Adani Transmission has signed Share Purchase Agreement with KEC International (KEC) on November 03, 2018 for acquisition of its entire stake in KEC Bikaner Sikar Transmission (KBSTPL). KBSTPL is having an operational transmission line of 344 ckt. kms in the State of Rajasthan from Bikaner to Sikar. Adani Transmission is ... Read More »

Mahindra Logistics acquires 5.06% stake in Lords Freight

Mahindra Logistics has completed the purchase of 119,610 (5.06%) equity shares of Lords Freight (India) (Lords), Subsidiary company from its existing Shareholder, resulting an increase in the company’s stake in Lords from 68.69% (pre-acquisition) to 73.75% (post-acquisition). Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management ... Read More »

Prime Focus to sell 100% stake of Gener8 India Media Services

Prime Focus has received an approval to sell 100% equity shares by the company of its wholly owned subsidiary, Gener8 India Media Services, to DNEG Creative Services, a subsidiary of the company. The Board of Directors of the company at their meeting held on October 30, 2018, approved the same. ... Read More »

Rane Holdings to divest entire 48.97% stake in JV company

Rane Holdings has received approval for divestment of entire 48.97% equity shareholding held by the company in JMA Rane Marketing (JMA Rane), a Joint Venture (JV) company. This divestment is subject to negotiating and concluding the terms, execution of definitive agreement and completion of customary closing conditions. The Board of ... Read More »

Cadila Healthcare subscribes 51% stake in Windlas

Cadila Healthcare has subscribed 51% shares of Windlas Healthcare (Windlas) as per the share purchase agreement executed by the company and Windlas. With this, Windlas has become a subsidiary of the company. Cadila Healthcare is an India-based pharmaceutical company. The company’s subsidiaries include Zydus Wellness, Liva Pharmaceuticals, Biochem Pharmaceutical Industries, ... Read More »

JSW Steel acquires 60% stake in DMMPL

JSW Steel has acquired an aggregate of 60.004% of the share capital of Dolvi Minerals and Metals Private (DMMPL), a company engaged in the business of acting as traders, whole-sellers and retailers in all forms of metallic and non-metallic minerals, which includes coal and lignite, coal products and iron steel ... Read More »

Cipla’s arm acquires entire stake in Mirren

Cipla’s wholly owned subsidiary — Cipla Medpro South Africa (Pty) has completed the acquisition of 100% stake in Mirren (Pty) on October 22, 2018. Cipla is a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients. The company’s portfolio includes over ... Read More »

Reliance Industries’ arm acquires stake in SkyTran

Reliance Industries’ (RIL) wholly owned subsidiary — Reliance Industrial Investments and Holdings has successfully acquired 12.7% shareholding (on fully diluted basis) in SkyTran Inc. (SkyTran), a US incorporated venture-funded technology company developing state of the art technology in the field of Personal Rapid Transit Systems. The company has made the ... Read More »

IIFL Holdings’ arm to acquire stake in Wealth Advisors

IIFL Holdings’ subsidiary — IIFL Wealth Management — will acquire entire share capital of Chennai-based Wealth Advisors India. IIFL Wealth would conclude the transaction for a consideration of Rs 235 crore. This move is expected to further fortify 10 year old IIFL Wealth’s presence in the south as Wealth Advisors ... Read More »

Aurionpro Solutions’ arm inks agreement to acquire stake in SC Soft

Aurionpro Solutions’ wholly owned subsidiary — Aurionpro Solutions Pte., — has entered into an agreement for acquisition of majority stake (51%) in SC Soft Pte. (SC Soft) a Singapore headquartered Automated Fare Collection (AFC) and smart city solution provider. The company will make investment in tranches by subscribing to the ... Read More »

HCL Infosystems’ arm to sell entire stake in its subsidiaries

HCL Infosystems’ subsidiary — HCL Insys Pte., Singapore — has received an approval to sell the entire ownership and control held by Nurture Technologies FZE in its direct subsidiaries namely Gibraltar Technologies LLC (Dubai) and Gibraltar Technologies LLC (Abu Dhabi). The Board of Directors of the company at their meeting ... Read More »

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