Adani Power gets antitrust approval to acquire Lanco Amarkantak Power

Adani Power plans to acquire 100% share capital and control of Lanco Amarkantak Power New Delhi: Fair trade regulator Competition Commission of India (CCI) has approved Adani Power’s proposed acquisition of Lanco Amarkantak Power. According to a press release, Adani Power intends to acquire 100% share capital and control of Lanco Amarkantak Power under the … Read more

Flipkart in talks to acquire Reliance-backed Dunzo: Report

Walmart-backed Indian e-commerce company Flipkart has held discussions about the possibility of acquiring on-demand delivery platform Dunzo, TechCrunch reported on Tuesday, citing three people familiar with the matter. While negotiations are ongoing, complications surrounding Dunzo’s ownership structure have prevented the two parties from reaching an understanding on a deal, the report said. The report added … Read more

WeWork founder Adam Neumann seeks to acquire bankrupt companies 5 years after being ousted

Adam Neumann founded the company in 2010. Five years after being ousted from co-working giant WeWork, Adam Neumann is trying to buy back the bankrupt company, The Wall Street Journal reports. New York Times. The 44-year-old’s new real estate company, Flow Global, is trying to negotiate a deal to acquire WeWork or its assets or … Read more

HDFC Bank Group to acquire up to 9.5% stake in Yes Bank, Axis Bank and 4 other banks, gets approval from Reserve Bank of India (RBI)

HDFC Bank Group has received approval from the Reserve Bank of India to acquire up to 9.50% stake in six private lenders. The license enables the group to purchase stakes in ICICI Bank, IndusInd Bank, Yes Bank, Axis Bank, Bandhan Bank and Suryoday Small Finance Bank. The approval covers the HDFC Bank group, including its … Read more

RBI’s agreement to acquire stake in IndusInd Bank does not suit HDFC Bank

On February 6, HDFC Bank clarified that the approval of the Reserve Bank of India to acquire shares of IndusInd Bank was not directed at HDFC Bank itself. The term “Bank” in this disclosure shall be understood to mean HDFC Bank Group. HDFC Bank clarifies according to a report CNBC-AvazThe bank’s clarification highlighted that the … Read more

Vikas Lifecare to acquire 60% stake in Dubai-based SKY 2.0 Club

Domestic unit Vikas Lifecare Ltd (VLL) on Monday said it will acquire 60 per cent stake in Dubai-based Sky 2.0 Club for $79 million (about Rs 650 crore). Vikas Lifecare said in an exchange filing that the acquisition process will be completed in the current financial year. “This acquisition is a share swap deal signed … Read more