The board of Power Grid Corporation of India Ltd has approved a revised plan to consolidate its subsidiary structure, paving the way for the merger of 28 wholly owned subsidiaries into two other group entities...
National News
Ecolab to acquire AI data center cooling tech firm for $5 billion
Water solutions company Ecolab said on Friday it has agreed to acquire CoolIT Systems, a liquid cooling technology provider for AI data centers, from KKR for $4.75 billion in cash. The global appetite for data...
Vedanta moves NCLAT, challenges NCLT nod to Adani’s bid for acquiring Jaiprakash Associates
Business conglomerate Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT’s approval to Adani Group’s bid for acquiring Jaiprakash Associates Ltd for Rs...
360 ONE to finance AIMS founder’s stake buyback
360 ONE Asset is set to back Asian Institute of Medical Sciences (AIMS) founder Narendra Pandey to buy back a 49% stake that private equity investors hold in the Faridabad hospital, people familiar with the matter said...
NCLT allows withdrawal of insolvency proceedings against ATS group project
The National Company Law Tribunal has allowed the withdrawal of ATS Group’s premium Noida project ATS Knightsbridge from the corporate insolvency resolution process (CIRP), giving relief to homebuyers. The withdrawal...
Kotak Mahindra Bank arm KMCC to sell part stake in Infina for Rs 1,294 crore
Kotak Mahindra Bank on Saturday said its wholly owned subsidiary Kotak Mahindra Capital Company Limited has entered into definitive agreements to sell part of its stake in Infina Finance Private Limited for an aggregate...
Euro Pratik Sales acquires majority stake in Chawla Brothers
Euro Pratik Sales announced the acquisition of a 51% stake in Chawla Brothers, a well-established decorative surfaces business in North India. The acquisition, valued at Rs 33.2 crore (including capital infusion of Rs 4...
UltraTech to pick up 26% in Sunsure Solarpark Seven
UltraTech Cement will acquire a 26.18% stake in Sunsure Solarpark Seven, a renewable energy generation and transmission company, for up to Rs 19.2 crore, the company said on Wednesday. “The acquisition is for the...
Agro insolvencies see surge in deal activity
Strategic buyers and investors are eyeing distressed agro-industries and ancillary companies, attracted by the prospect of acquiring processing facilities, established supply chains, and operating licences at steep...
Encube Ethicals stake sale on hold, IPO likely by 2027
Encube Ethicals has paused plans to sell a majority stake due to a valuation mismatch, said people familiar with the matter. Instead, the company is exploring the possibility of an initial public offering (IPO) by 2027...
Board of Welspun Living approves acquisition of stake in Welspun Corporate Services
The board of Welspun Living at its meeting held on 19 March 2026 has approved the acquisition of 3,500 equity shares of Rs 10 each of Welspun Corporate Services (WCSL) (formerly known as Welspun Home Textiles)...
Sumeet Industries successfully bids for acquisition of Phase-3: Chips Manufacturing Plant of Nakoda
Sumeet Industries has been declared as the Successful Bidder (H1 Bidder) for the acquisition of assets at Phase-3: Chips Manufacturing Plant of Nakoda under the Corporate Insolvency Resolution Process. The Board of...
