Blogs

Quess Corp takes full control of US-based MFXchange

Quess Corp has acquired the 51 per cent stake it didn’t already own in outsourcing solutions firm MFXchange Holdings Inc from Fairfax Financial Holdings Ltd.

Paytm acquires task-managing app Shifu

Mobile wallet and e-commerce firm Paytm has acquired Shifu, a context-aware personal assistant application, in its second takeover within a month.

The deal will help Paytm to enhance customer experience on its platform, it said in a statement.

Consortium of banks looks at investment in Gammon arms

MUMBAI: Lenders led by ICICI Bank, who recently converted their Rs 5,445 crore debt to 52.55% equity in Gammon India Limited (GIL), have carved out two subsidiaries in the company and are now looking at investment in these subsidiaries, two people with a direct knowledge of the matter told ET.

SAMHI Hotels acquires 156-room hotel from Ahmedabad Shree Siddhi Group

Hospitality firm SAMHI Hotels Pvt Ltd has acquired the 156-room Ganesh Meridian hotel from Ahmedabad-based Shree Siddhi Group.

Financial details of the deal haven’t been disclosed. However, media reports said the deal value was around Rs 135 crore (about $20.3 million).

GIC Housing to buy Nomura’s remaining stake in LIC Nomura MF

GIC Housing Finance Ltd will buy a stake of up to 16 per cent held by Nomura Asset Management in the Japanese company’s mutual fund joint venture with Life Insurance Corporation and the state-run firm's mortgage lending arm.

PE-backed Crocodile branded apparel maker files for IPO

Coimbatore-based SP Apparels Ltd has filed its draft red herring prospectus (DRHP) with the capital markets regulator Securities and Exchange Board of India for its proposed initial public offering (IPO).

Blackstone acquires two retail assets of Alpha G:Corp

Blackstone, the world's largest alternative investment asset manager, has completed a deal to acquire two retail assets of Gurgaon-based developer Alpha G:Corp, taking the first step towards creating a portfolio of shopping malls in India, people close to the development told VCCircle.

Auto component maker Sandhar gets SEBI nod for IPO

Delhi-based auto components maker Sandhar Technologies Ltd has received approval from the capital markets regulator Securities and Exchange Board of India (SEBI) for its proposed initial public offering.

Deutsche Bank to sell stake in China lender for up to $4-billion

Deutsche Bank has agreed to sell its entire 20 per cent stake in Beijing-based Hua Xia Bank to Chinese insurer PICC Property and Casualty Co. – a deal worth up to $4-billion (U.S.) that will help lift its capital ratios.

Nihilent Technologies files for IPO

Pune-based mid-sized IT company Nihilent Technologies Ltd has filed its draft red herring prospectus (DRHP) with the capital markets regulator Securities and Exchange Board of India for its initial public offering (IPO).

Pages