The National Company Law Tribunal (NCLT) has ordered the initiation of corporate insolvency resolution process (CIRP) against realty developer Jupiter Landscapes following its default on repayments of non-convertible...
SAMHI Hotels acquires Innmar Tourism and Hotels private Ltd
Branded hotel ownership and asset management platform SAMHI announced the completion of execution of the Share Purchase Agreement (“SPA”) for the acquisition of Innmar Tourism and Hotels Private Limited (“ITHPL”). The...
CCI clears Rs 13,630 cr Mankind Pharma acquisition of Bharat Serums
The Competition Commission of India (CCI) has cleared Mankind Pharma’s acquisition of Bharat Serums and Vaccines in a ₹13,630-crore deal. In a statement on Wednesday, the regulator said: “The proposed...
Tribunal orders lenders of insolvent Siti Networks to return ₹148 crore to company
An insolvency tribunal has directed Axis Bank and other financial creditors of bankrupt Siti Networks to repay the company ₹143 crore. Siti Network, part of the Essel Group, is undergoing insolvency proceedings. The...
Adani Enterprises merges two subsidiaries with Adani New Industries Limited
Adani Group’s flagship company, Adani Enterprises, announced in its BSE listing on Wednesday, October 2, that the conglomerate has merged two subsidiaries with Adani New Industries Limited. Adani Infrastructure...
Supreme Court allows NCLAT to consider NBCC proposal for 17 stalled projects of Supertech Ltd
The Supreme Court on Tuesday allowed the National Company Law Appellate Tribunal (NCLAT) to examine and decide a proposal of the state-owned NBCC seeking to complete embattled realty major Supertech Limited’s 17...
CCI clears Rs 13,630-cr Mankind Pharma-Bharat Serums Vaccines deal
The Competition Commission of India (CCI) on Tuesday approved the proposed acquisition of Bharat Serums and Vaccines by Mankind Pharma for Rs 13,630 crore. Listed firm Mankind Pharma is engaged in developing...
DGCA grants approval for merger of AIX Connect, Air India Express
The Directorate General of Civil Aviation (DGCA) on Tuesday granted the requisite regulatory approval for the merger of AIX Connect (“AIXC”), formerly known as AirAsia, into Air India Express...
Adani Enterprises’ $1.3 billion stake sale expected to start early next week: Report
Billionaire Gautam Adani’s flagship firm plans to roll out its share sale as early as next week, according to people familiar, marking its return to public equity markets after a scathing short-seller report in 2023...
NCLAT upholds NCLT order approving Sarda Energy’s bid for SKS Power
The Delhi bench of the National Company Law Appellate Tribunal on Tuesday upheld the National Company Law Tribunal’s 13 August order approving Sarda Energy and Mining Ltd’s resolution plan for bankrupt SKS Power...
NCLAT issues notice to ICICI Securities in delisting case
The National Company Law Appellate Tribunal (NCLAT) on Tuesday issued a notice to ICICI Securities following an appeal by the minority shareholders against the tribunal’s order approving the financial broking...
Dr Lal PathLabs sets sights on big buys to expand in south
Dr Lal PathLabs, India’s largest diagnostic chain, is looking at a potentially large acquisition to increase its foothold in south India. If the asset is of a strategic fit, it could look at a deal size of Rs...
