The bankruptcy court has recently approved Raigarh Champa Rail Infrastructure’s acquisition by JSW Energy Ltd through the insolvency resolution process. Sajjan Jindal-owned JSW Energy has proposed a Rs 700 crore revival...
IMFA completes ferro chrome plant acquisition from Tata Steel at Rs 707 crore transaction
Indian Metals & Ferro Alloys has completed the acquisition of a ferrochrome plant in Odisha from Tata Steel at a transaction cost of Rs 707.26 crore. Spread across 115 acres in Kalinganagar, the newly-acquired...
GPT Infra acquires 100% stake in Alcon, enters Signalling EPC segment
GPT Infraprojects announced that it has acquired 100% stake in Alcon Builders and Engineers (Alcon), foraying its entry into the high-margin signaling EPC segment. Alcon is engaged in the business of signalling...
NARCL may bid ₹900 cr for Videocon Oil’s over ₹30,000 cr debt
NARCL plans to submit a bid of around ₹900 crore to acquire the stressed debt of Videocon Oil Ventures (VOVL). The total admitted claims amount to ₹30,640 crore, including accumulated interest. VOVL, the oil and gas...
RBI greenlights SBI Mutual Fund’s plan to buy up to 9.99% in Bandhan Bank
The Reserve Bank of India has approved a proposal by SBI Mutual Fund to acquire an aggregate holding of up to 9.99% in Bandhan Bank, according to a regulatory filing on Thursday. Bandhan Bank informed stock exchanges...
NCLAT upholds admission of class action lawsuit against Jindal Poly Films
National Company Law Appellate Tribunal (NCLAT) has upheld the admission of a class action lawsuit against Jindal Poly Films in a hearing on Thursday. Jindal Poly Films had approached NCLAT challenging a 5 February...
Brnd.me completes Singapore-to-India merger, eyes IPO in 12-18 months
Roll-up ecommerce firm Brnd.me (formerly Mensa Brands) has completed a cross-border composite merger shifting its domicile from Singapore to India, as it prepares for a public listing over the next 12-18 months. The...
Vishal Mega Mart promoter entity likely to sell 6.5% stake via block deal: Report
Vishal Mega Mart’s promoter entity Samayat Services LLP is expected to sell 6.5% stake in the company via a block deal. The shares are likely to be sold at a price of Rs 115 apiece, which implies a 10% discount...
Native acquires strategic stake in RPO venture Woven
Native has acquired a strategic stake in India-focused recruitment process outsourcing (RPO) venture Woven as part of its plan to build an integrated, end-to-end talent solutions platform, the companies said on Thursday...
IOCL, BPCL, and HPCL to take 35% stake in shipping freight joint venture with SCI
India’s oil refiners and its state-run shipping utility are committing significant equity stakes to a dedicated maritime freighting joint venture to cut overseas reliance on transporting both crude oil and refined...
Deepinder Goyal’s LAT Aerospace acquires robotics startup Sharang Shakti
LAT Aerospace, cofounded by Deepinder Goyal and former Zomato COO Surobhi Das, has acquired Gurugram-based defence robotics startup Sharang Shakti. In a post on X, Goyal said that the acquisition is LAT...
Govt to divest up to 4% in IRFC via OFS at Rs 104/ Share
The government on Tuesday announced an offer for sale (OFS) to divest up to a 4% stake in state-owned Indian Railway Finance Corporation (IRFC). Under the offer, the Centre will initially sell a 2% stake, with an...
