
Torrent Pharmaceuticals is set to acquire a controlling stake in JB Chemicals and Pharmaceuticals from global investment firm KKR, at an equity valuation of Rs.25,689 crore.

Torrent Pharmaceuticals is set to acquire a controlling stake in JB Chemicals and Pharmaceuticals from global investment firm KKR, at an equity valuation of Rs.25,689 crore.

In a major consolidation move within India’s paints industry, JSW Paints Ltd has acquired up to 74.76% stake in Akzo Nobel India Ltd for a consideration of up to Rs.8,986 crore.

Schloss Bangalore Ltd., the operator of Leela Hotels, has secured an 80-year lease on a prime commercial plot in Mumbai’s Bandra Kurla Complex (BKC) for Rs 1,302 crore, to develop a 250-key luxury hotel and a mixed-use project.
In a significant breakthrough for India’s defence manufacturing sector, Reliance Infrastructure has become the first private company in the country to design and develop four new-generation 155mm artillery ammunition types.