The Mumbai bench of the National Company Law Tribunal (NCLT) has approved entrepreneur Manoj Kumar Upadhyay and his affiliate ACME Cleantech Solutions’ application to acquire formerly Anil Ambani-promoted Reliance...
SC stays NCLAT order directing NBCC to take over Supertech projects
The Supreme Court on Friday stayed the National Company Law Appellate Tribunal’s December order that directed NBCC (India) to take over and complete all the 16 projects of debt-ridden real estate firm Supertech...
Head Digital Works to acquire Adda52 parent firm for Rs 491 crore
Head Digital Works (HDW), an online skill gaming company, on Friday, said it will acquire Deltatech Gaming Ltd (DGL), the parent firm of online poker platform Adda52, for Rs 491 crore. The transaction will be executed...
MobiKwik to acquire 3.39% in B2B infra platform Blostem for Rs 1.49 crore
Fintech firm MobiKwik on Friday announced it will acquire a 3.39 per cent stake in business-to-business (B2B) banking infrastructure platform Blostem for ₹1.49 crore. The aggregate shareholding of the Gurugram-based...
Premji Invest, Ranjan Pai family office seek CCI nod to acquire stakes in Akasa Air
Tech tycoon Azim Premji’s global investment arm, Manipal Group Chief Ranjan Pai’s family office and 360 ONE Asset have sought approval from fair trade regulator CCI to acquire stakes in domestic carrier...
Yuma Energy acquires Chennai-based Grinntech to boost battery solutions
Yuma Energy, a Battery-as-Service (BaaS) firm, on Thursday announced the acquisition of Chennai-based energy storage solutions start-up Grinntech Motors & Services for an undisclosed sum. Integrating...
Nexus Select Trust to acquire Ludhiana mall, hotel for Rs 490 crore
The board of directors of Nexus Select Mall Management, manager to listed Real Estate Investment Trust (REIT) Nexus Select Trust has approved the acquisition of an operational mall and a hotel in Ludhiana for an...
Torrent gets CCI nod to acquire majority stake in IPL team Gujarat Titans
The Competition Commission of India has cleared healthcare and energy conglomerate Torrent Group’s proposal to acquire a majority stake in IPL franchisee Gujarat Titans. “The proposed combination relates to...
GoodGlamm in talks to sell ScoopWhoop to WLDD
Indian meme marketing startup Wubba Lubba Dub Dub (WLDD) is in talks to acquire ScoopWhoop from troubled content-to-commerce firm Good Glamm Group. The proposed sale of ScoopWhoop comes a week after the Prosus-backed...
NCLT admits Aviom India Housing Finance into bankruptcy on RBI’s plea
The Delhi insolvency court on Thursday admitted Aviom India Housing Finance Pvt. Ltd into bankruptcy and liquidation proceedings following a plea by the Reserve Bank of India (RBI). RBI had moved the National Company...
Burman family acquires controlling stake in Religare Enterprises after ₹2,116-crore open offer
The Burman family acquired a controlling stake in Religare Enterprises Limited (REL) on Thursday, February 20, after the completion of the open offer and is designated as its promoters. Its shareholding post the...
NCLT approves Rs 6,000 crore sale of Chenani Nashri Tunnelway to Cube Highways
The National Company Law Tribunal (NCLT) has approved the sale of Chenani Nashri Tunnelway (CNTL), owned by IL&FS Transportation Networks, to Cube Highways and Infrastructure II, clearing the sale of the large asset...
