Kotak Mahindra Mutual Fund on Monday bought a 6.6 per cent stake in pharmaceutical companyAmi Organics for nearly Rs 301 crore through open market transactions. According to the block deal data available on the National Stock Exchange (NSE), Kotak Mahindra Mutual Fund (Kotak MF) purchased 26.97 lakh shares or 6.59 per cent stake in two…
Elon Musk said on Friday that his xAI has acquired X, the social media app formerly known as Twitter, in an all-stock transaction for USD 45 billion, including USD 12 billion debt. “xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent,” Musk said…
Ahmedabad-based Torrent Group announced on Monday the successful acquisition of a 67% controlling stake in the Indian Premier League (IPL) franchise Gujarat Titans. The majority stake was purchased from Irelia Company Pte Ltd, a private equity fund managed by CVC Capital Partners, which previously held full ownership of Gujarat Titans through Irelia Sports India Pvt…
NEW DELHI: ONGC-NTPC Green Pvt Ltd, an equal joint venture between ONGC Green Ltd and NTPC Green Energy Ltd, on Wednesday signed a share purchase agreement (SPA) to acquire Ayana Renewable Power Pvt Ltd at an enterprise value of $2.3 billion.This is the second-largest acquisition in the renewable space after the Adani Green Energy Ltd’s…
NEW DELHI: Billionaire Mukesh Ambani‘s Reliance Industries has acquired technology-driven and oncology-focused healthcare platform Karkinos for Rs 375 crore, the firm said on Saturday. Reliance Strategic Business Ventures (RSBVL), a wholly-owned subsidiary of Mumbai-listed India’s most valuable company, completed the acquisition of Karkinos Healthcare Pvt Ltd with allotment of requisite shares, the firm said in…