The bankruptcy court in Delhi on Monday admitted Go Airlines (India) Ltd, which runs Go First airline, into liquidation after the lenders failed to receive a viable revival plan for the company. The company has admitted...
Murugappa Group sets sights on fresh buyouts
The diversified Murugappa Group, which has turned around several distressed companies after acquisition, is open to more buyouts, Vellayan Subbiah, vice chairman of the group’s flagship firm, Tube Investments of...
Edtech firm BrightChamps acquires Edjust in a cash-and-stock deal
Edtech platform BrightChamps said it has acquired Indian K-12 education marketplace Edjust to bolster global expansion. The cash-and-stock deal concludes BrightChamps’ fourth acquisition since its inception in 2020 –...
MRPL acquires 26.96% stake in Mangalore SEZ
The Board of Mangalore Refinery And Petrochemicals at its meeting held on 20 January 2025 has approved the acquisition of 1,34,80,000 equity shares of Mangalore SEZ (MSEZ) from IL&FS at a revised consideration of Rs...
Burmans’ Religare open offer to acquire additional 26% stake to start on Jan 27
Burmans’ Religare Enterprises’ open offer to acquire an additional 26 per cent stake from the open market would commence on January 27 following the regulatory approvals. Last month, the Reserve Bank...
With no revival plan in place, NCLT orders liquidation of Tulip Hotels
The Mumbai bench of the National Company Law Tribunal has ordered the liquidation of the once-iconic Tulip Hotels after the creditors of the company failed to receive any viable resolution plan. The tribunal also...
Wondrlab acquires Gen AI firm BigStep Technologies
Wondrlab, India’s platform-first martech network, has acquired a majority stake in BigStep Technologies, an expert in Generative AI and Cloud-Native Custom Software Solutions. This is Wondrlab’s seventh acquisition to...
Board of Allcargo Terminals approves acquisition of 15% stake in Speedy Multimodes
The Board of Allcargo Terminals at its meeting held on 17 January 2025 has approved the Preferential issue of equity shares of the company for consideration other than cash, i.e. in lieu of acquiring 15% shares of...
India likely to cut disinvestment goal by 40% for FY25, Economic Times reports
India will likely cut its disinvestment and asset monetisation target by 40% for 2024-25 in the federal budget to be presented next month, The Economic Times newspaper reported on Saturday, as planned sales of state-run...
GECOM acquires luxury triplex apartment at BKC for ₹100 cr
GECOM International, engaged in the business of establishing collaborative arrangements between Indian and foreign universities, has acquired a luxury triplex apartment in Mumbai’s central business district Bandra...
Oyo early investors consider partial stake sale at $3.9 billion valuation
Early investors in Oyo, including Lightspeed Venture Partners, are reportedly in discussions with family offices to sell part of their stakes in the hospitality startup. According to The Economic Times, the valuation...
No competing bids for Jaiprakash Associates, NARCL sole contender
The National Asset Reconstruction Co (NARCL) has emerged as the preferred bidder to take over the distressed Jaiprakash Associates (JAL) after process advisor IDBI Capital Markets & Securities did not receive any...
