As a part of a long-standing demand of Sumitomo Wiring Systems, the joint venture partner of Motherson Sumi Systems Ltd (MSSL), the board of directors approved a new corporate structure. Under this, the domestic wiring...
The new way of Delisting of Operations
In June 2020, Board of Directors of Zuari Agro Chemicals Limited (ZACL), the agriculture vertical of the Adventz Group, announced their plan to sell off the company's fertilizer plant in Goa to unlisted joint venture...
Blow to BHEL as NCLAT gives nod to SURANA POWERS LIQUIDATION
The National Company Law Appellate Tribunal (NCLAT) has overruled BHEL’s objection and has given nod to the liquidation process of Tamil Nadu-based Surana Power, which was admitted into insolvency in January 2019. In...
Piramal Pharma Solutions acquires drug making facility of US-based G&W Laboratories
Piramal Pharma Solutions, which is the contract development and manufacturing company of Piramal Enterprises, has acquired a solid oral dosage drug manufacturing facility of US-based G&W Laboratories for around $17...