The Competition Commission has slapped a penalty of Rs 302 crore on Grasim Industries for abusing its dominant position with respect to supply of a certain staple fibre to spinners. Besides, the company has been...
RIL pumps in Rs 500 crore equity into Alok Inds for 37.7%stake
Alok Industries (AIL) has informed the stock exchanges that Reliance Industries (RIL), which in consortium with JM Financial Asset Reconstruction Company had won the right to buy it through the insolvency process, has...
Moncler’s CEO does not rule out M&A but no plan for now
Moncler Chief Executive Remo Ruffini said he did not rule out a tie-up with another group in the future but reiterated there was nothing concrete on the table. “I am certainly looking for a new chapter for Moncler. We...
Welspun Groups family office acquired a majority stake in One Industrial platform
Welspun Group Promoters, through a closely held family office investment has acquired majority stake in warehousing platform – One Industrial Spaces, an integrated fund, development and asset management...
Lux Industries pares stake in company that partners with Virat Kohli brand
Hosiery major Lux Industries has said its stake in Artimas Fashions Private Limited (AFPL) which is the licensee of Indian cricket captain Virat Kohli’s innerwear brand, was reduced from 100% to 50.87%. The...
Laptev Finance gets CCI nod to acquire Welspun’s plates and coils biz
The Competition Commission on Monday said it has approved the acquisition of Welspun Corp’s plates and coils mill division by Laptev Finance Pvt Ltd. Welspun Corp in March had said it will sell its assets worth Rs...
Raymond demerges core lifestyle business
Raymond Ltd said it will demerge its core lifestyle business into a separate listed entity to simplify the group structure and create investor opportunities. The new entity, Raymond Lifestyle Ltd, will bring all its...
Asahi inks JV with UK’s Tennants Textile Colours
Asahi Songwon Colors Limited, a global leader in blue pigments, announced a 51:49 joint venture agreement with Tennants Textile Colours (TTC) Limited of the United Kingdom to set up a state of the art red and yellow...
Grasim forms JVC with German power engineering company MR
Aditya Birla group owned Grasim is forming a joint venture in India with Germany-based Maschinenfabrik Reinhausen for manufacturing and selling composite hollow core insulators (CHCI) that caters to industries like the...
Two retail investors petition NCLAT against Alok Industries’ delisting move
Two retail investors in Alok Industries have approached the National Company Law Appellate Tribunal (NCLAT), opposing new owner Reliance Industries move to delist the textile firm that they claimed would erode the value...
PE firm Advent to acquire lingerie maker Enamor
Global private-equity fund Advent International is all set to acquire women’s innerwear maker Enamor for an enterprise value of around Rs 900-1,000 crore. Given the fast-growing innerwear category in India, Advent is...
RIL ties up with Turkey’s Kivanç Tekstil to manufacture, market eco-friendly textile
Reliance Industries has tied up with Turkey’s textile manufacturer Kivanç Tekstil, to manufacture and market its sustainable and eco-friendly fabric brand R|Elan’s GreenGold fabric in the country, the Mukesh...
