Godawari Power & Ispat Ltd. (GPIL), a listed company, is going to acquire the power undertaking of its unlisted associate company, Jagdamba Power and Alloys Ltd. (JPAL). It is going to be an all stock deal. Earlier...
Cheers for “Pioneer Distilleries”
Last year, the Board of Directors of Pioneer Distilleries Limited & United Spirits Limited at its meeting , approved a scheme of amalgamation in relation to the proposed merger of the Company with its parent company...
Downfall: Videocon goes into IBC
Videocon Industries Limited (VIL) was founded in the year 1986. Current director of Videocon claims that Videocon is the first company to bring colour TV’s in India. Around 1990 Videocon was one of the most iconic...
Liberty House acquires Adhunik Metaliks through IBC route
Marking an entry into India, Sanjeev Gupta-led Gupta Family Group (GFG) Alliance, which owns Liberty House, has acquired bankrupt Adhunik Metaliks and Zion Steel for Rs 425 crore, which was under the Insolvency and...
Dr Reddy’s Laboratories buys Wockhardt branded generics business
Hyderabad-based pharma major Dr Reddy's Laboratories will buy Wockhardt Ltd's branded generics business in India, Nepal, Sri Lanka, Bhutan and Maldives and its manufacturing plant at Baddi in Himachal Pradesh for around...