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...
SpaceMantra pulls out resolution plan for Future Lifestyle
SpaceMantra, the winning bidder to take over Kishore Biyani’s retail brand outlet Future Lifestyle Fashions (FLFL), has withdrawn its resolution plan for the company days before lenders overwhelmingly voted for...
Persistent strengthens its AI-driven services with acquisition of Pune-based Arrka
Persistent Systems announced the intent to acquire Arrka, a Pune-based company renowned for its decade-long data privacy expertise, its pioneering Data Privacy Management platform and growing expertise in AI governance...
Reliance Power to consider stake sale for fundraising, board meeting to be held on October 3
Reliance Power Ltd’s board of directors is to consider a stake sale to raise funds in the company’s upcoming board meeting on Thursday, October 3, according to the company’s BSE filing on Friday...
IDFC to merge with IDFC FIRST Bank, effective October 1
IDFC Ltd on Friday announced that it will merge into IDFC First Bank effective October 1. This came after the Chennai bench of the National Company Law Tribunal sanctioned the merger scheme on September 25. Post October...
Authum Investment, Mahi Madhusudan Kela to acquire 46.85% stake in Prataap Snacks
Authum Investment & Infrastructure and Mahi Madhusudan Kela will acquire a 46.85 per cent stake in Prataap Snacks, which operates the snack brand Yellow Diamond and sweet snacks brand Rich Feast. The company has...
