Intercity food delivery startup, JustMyRoots, has successfully acquired The State Plate (TSP), a company specializing in non-perishable packaged food. This strategic move is part of JustMyRoots’ expansion plans to establish a strong presence in the intercity packaged food market throughout the country. TSP gained recognition through its appearance on Shark Tank India Season 1 and […]
The state-owned Oil and Natural Gas Corporation (ONGC) has unveiled a significant financial restructuring plan for its subsidiary, ONGC Petro-additions Ltd (OPaL), involving an infusion of approximately Rs 15,000 crore. The move is poised to reshape the ownership structure, resulting in gas utility GAIL (India) Ltd being edged out of the petrochemical firm. Presently, ONGC […]
Gulf Oil Lubricants India Limited (GOLIL) on Monday said it will acquire a controlling 51 per cent stake in Tirex Transmission Private Limited (Tirex), a manufacturer of DC fast chargers for EVs. The decision was officially approved during the Board of Directors’ meeting held on 27 August 2023. Tirex, a private company based in Ahmedabad, […]
Titan Company on Saturday has said that it will pay a total of Rs 4,621 crore for a further 27.1 per cent share in CaratLane. After the transaction is complete, Titan will own 98.28 per cent of the shares in CaratLane, a private firm that produces and sells jewellery. Titan made its initial investment in […]
Adani Ports and Special Economic Zone, an Adani group firm, on Tuesday, reported a consolidated net profit of Rs 2,114.72 crore for the quarter that ended June 2023, which is 83 per cent higher compared with Rs 1,158.28 crore in the same quarter last year. Revenue from operations rose 23.51 per cent year-on-year (YoY) to […]
Ambuja Cements Ltd (ACL), the cement and building material company of Adani Cement and part of the diversified Adani Group on Thursday announced the acquisition of Sanghi Industries Ltd (SIL) at an enterprise value of Rs 5,000 crore. ACL will acquire 56.74 per cent shares of SIL from its existing promoter group, Ravi Sanghi and […]
Multinational retail giant Walmart has recently completed a significant financial transaction, purchasing hedge fund Tiger Global’s investment in the renowned Indian e-commerce firm, Flipkart, for a staggering USD 1.4 billion. This acquisition, reported by The Wall Street Journal based on information from Tiger Global’s letter to investors, places a valuation of USD 35 billion on […]
Hitachi Payment Services on Thursday said that it has acquired the Cash Management Business of Writer Corporation. The company said that this acquisition will transform Hitachi Payments’ market standing by integrating the cash management business into its overall service offerings, positioning it as a one-stop payments and commerce solutions provider. It will enable Hitachi Payments […]
Marico said on Wednesday it will acquire a 58 per cent stake in Satiya Nutraceuticals, which owns a plant-based nutrition brand, for Rs 369 crore. Marico, the owner of the Parachute oil brand, has so far bought a 32.75 per cent stake in Satiya Nutraceuticals and will complete the acquisition of the remaining stake in […]
Reliance Brands, a part of Reliance Industries’ retail arm Reliance Retail Ventures, is in talks to fully acquire Bollywood actor Alia Bhatt’s childwear brand Ed-a-Mamma for around Rs 300 crore to Rs 350 crore. As per the reports, the value of the actress’ brand is around INR 150 crore. However, Isha and Mukesh have proposed Rs 300–350 […]
