Vijay Shekhar Sharma, founder and chief executive officer of One 97 Communications, is poised to purchase a 10.3 per cent stake in Paytm from Antfin (Netherlands) Holding BV, as the company notified the exchanges on Monday. According to the company’s regulatory filing, Sharma will acquire the stake in Paytm through his wholly-owned overseas… Continue reading Paytm founder set to acquire 10.3 per cent stake in the company from Antfin
Tag: acquire
Ambuja Cements to acquire Sanghi Industries in Rs 5,000 crore deal
Ambuja Cements to buy 56.7% stake in Sanghi at a valuation of Rs 5,000 cr Adani group-company Ambuja Cement to buy Sanghi Cement for Rs 6,000 cr Ambuja-ACC and JK Lakshmi Cement lead race for Sanghi Cement acquisition Ambuja Cements Q1FY24 profit up 31% YoY to Rs 1,135 crore, margins expand Adani Green Energy to… Continue reading Ambuja Cements to acquire Sanghi Industries in Rs 5,000 crore deal
KKR to acquire majority stake in pallet pooling platform Leap India
Private equity giant, KKR & Co, announced on Wednesday the acquisition of a majority stake in Leap India, a leading pallet pooling platform in the country, for an undisclosed amount. Founded in 2013 by Sunu Mathew, Leap India is at the forefront of the pallet pooling industry in India. The company provides a… Continue reading KKR to acquire majority stake in pallet pooling platform Leap India
Carlyle to acquire 5.91% stake in SpiceJet at Rs 48 per share
SpiceJet has sought its shareholders’ approval for Carlyle Aviation Partner, an aircraft lessor, to acquire a 5.91 per cent stake in the airline at Rs 48 per share. The lessor will acquire these shares through the conversion of its existing outstanding dues worth $28.16 million, according to the airline. “This will reduce the… Continue reading Carlyle to acquire 5.91% stake in SpiceJet at Rs 48 per share
Orioles acquire Jack Flaherty from Cardinals to bolster rotation before MLB trade deadline
Leading the AL East in surprise fashion, the Baltimore Orioles were buyers at this MLB trade deadline, and they landed a big new arm for their starting rotation. The Orioles acquired right-hander Jack Flaherty from the St. Louis Cardinals to bolster their rotation as their aim for their first postseason appearance since 2016. The Orioles… Continue reading Orioles acquire Jack Flaherty from Cardinals to bolster rotation before MLB trade deadline
Ambuja Cements to acquire majority stake in Sanghi Industries: Reports
India’s Ambuja Cements has reached a deal to acquire a majority stake in operations of Sanghi Industries, two sources with direct knowledge said, a transaction that will add heft to cement operations of billionaire Gautam Adani’s firm. The deal by Ambuja is likely to be announced as soon as Wednesday, the sources said,… Continue reading Ambuja Cements to acquire majority stake in Sanghi Industries: Reports
Maruti to acquire Suzuki Motor Corp’s Gujarat plant to boost efficiency
On Monday, Maruti Suzuki India Limited (MSIL) announced that it would acquire the Gujarat plant from parent company Suzuki Motor Corporation (SMC) to boost the efficiency of its production and supply chain. “How this equity will be acquired and in what form is yet to be decided. For that, we have a subsequent… Continue reading Maruti to acquire Suzuki Motor Corp’s Gujarat plant to boost efficiency
Maruti Suzuki to acquire Suzuki Motor Gujarat from Japanese parent co
Marut Suzuki India on Monday said its board has approved the acquisition of the entire stake in Suzuki Motor Gujarat from Japan-based parent Suzuki Motor Corporation. Currently, Suzuki Motor Corporation (SMC) owns a 100 per cent stake in Suzuki Motor Gujarat (SMG) which supplies its entire production to Maruti Suzuki. Maruti Suzuki… Continue reading Maruti Suzuki to acquire Suzuki Motor Gujarat from Japanese parent co
Rangers acquire Jordan Montgomery from Cardinals in latest move to bolster rotation for postseason push
The Texas Rangers have loaded up the pitching rotation for a run at the Fall Classic. The Rangers on Sunday acquired Jordan Montgomery from the St. Louis Cardinals – just a day after the team received Max Scherzer in a deal with the New York Mets. Texas also received pitcher Chris Stratton and international pool… Continue reading Rangers acquire Jordan Montgomery from Cardinals in latest move to bolster rotation for postseason push