ACQUISITIONS & MERGERS

MDL Acquires Colombo Dockyard

• Mazagon Dock's first overseas acquisition — a 51% stake worth ₹249.5 crore in Sri Lanka's largest shipyard.
• Strengthens India's maritime presence in the Indian Ocean Region.

Federal Bank to Acquire Standard Chartered's Credit Card Portfolio

• About 4.5 lakh cards worth ₹1,500 crore, boosting Federal Bank's non-co-branded card base by ~90%.
• Around 75% of the acquired portfolio is concentrated in India's top 8 cities.

Mittal-Poonawalla Consortium Acquires Rajasthan Royals

• Valued at about $1.65 billion; the Mittal family will hold ~75%, Adar Poonawalla ~18%.
• The deal also covers overseas franchises Paarl Royals (South Africa) and Barbados Royals.

Kotak Mahindra Bank's Cross-Stake Approval

• RBI cleared up to 9.99% stake acquisition each in AU Small Finance Bank and Federal Bank.
• Subject to compliance with the Banking Regulation Act and FEMA, 1999.

Fairfax India to Raise IIFL Capital Services Stake

• Plans to invest ₹2,000 crore to increase its holding to at least 51%.
• Fairfax is already IIFL Capital Services' second-largest shareholder at about 27.18%.

Thriveni Earthmovers-Lloyds Engineering Deal Approved

• CCI cleared a 7.14% stake buy and merger of three firms into Lloyds Engineering Works Limited.
• CCI, established in 2003, enforces the Competition Act, 2002 in India.

Prudential plc Acquires 75% of Bharti Life Insurance

• Initial consideration of ₹3,500 crore, acquiring stakes from Bharti Life Ventures and 360 ONE.
• Subject to regulatory approvals and customary closing conditions.

Google-Blackstone $5 Billion AI Cloud Venture

• Built around Google's custom TPUs, aiming to challenge Nvidia's dominance in AI chips.
• Offers Compute-as-a-Service, letting businesses rent AI infrastructure instead of building it.

Bharat Forge's Marine Gas Turbine Facility

• India's first private-sector marine gas turbine facility, planned for Visakhapatnam.
• Announced during the Aerospace and Defence Manufacturing Conclave in Puttaparthi.

Government's 8% Stake Sale in Central Bank of India

• OFS was oversubscribed 2.35 times; the greenshoe option raised the total sale from 4% to 8%.
• Strong institutional-investor demand drove the higher subscription levels.

SBI Mutual Fund Raises Bandhan Bank Stake Above 5%

• Holding rose to 5.0432%, up from 4.963%.
• Bandhan Bank, founded in 2015, is headquartered in Kolkata.

LIC Raises Central Bank of India Stake to 6.06%

• Acquired 26.26 crore shares via open-market purchases, up from 3.16%.
• Highlights LIC's continued strategic investment in public-sector banking stocks.

Shivalik SFB to Acquire ManiBhavnam Home Finance

• A ₹109 crore deal to strengthen its affordable-housing lending segment.
• Has already received RBI approval; RoC clearance is still awaited.

Adani Power Acquires Jaiprakash Power Assets

• 24% stake in JPVL plus the 180 MW Churk thermal plant, worth over ₹4,193 crore, under an NCLT-approved resolution plan.
• Part of the insolvency resolution of debt-laden Jaiprakash Associates Limited.