At meeting held on 17 September 2024 The Board of Zydus Lifesciences at its meeting held on 17 September 2024 has approved a Business Transfer Agreement (BTA) to purchase the API business (the Target Business) of...
Lumax to acquire majority stake in Greenfuel Energy Solutions
Lumax Auto Technologies on Saturday said it has inked a pact to acquire a majority stake in Greenfuel Energy Solutions from its existing shareholders for an undisclosed amount. The proposed acquisition will enable the...
NCLT withdraws nod given earlier for merger of Zee and Sony entities
The National Company Law Tribunal (NCLT) has withdrawn its approval for the merger scheme between Zee Entertainment Enterprises and Sony Group Corporation’s India media entities, Culver Max Entertainment and...
Reliance Capital Insolvency: NCLAT notice to IIHL on CoC plea for interest for extended time & forfeiture
The NCLAT on Friday issued a notice to IndusInd International Holdings Ltd (IIHL) over a plea filed by lenders of Reliance Capital (RCap) seeking interest on payment for the extended period for the upfront payment by...
Max Healthcare acquires Jaypee Healthcare under IBC
Max Healthcare said it has entered into a strategic agreement with Lakshdeep Group to acquire controlling stake in Jaypee Healthcare which is undergoing Corporate Insolvency Resolution Process (CIRP). The acquisition is...
Torrent reaches deal to acquire majority stake in IPL franchise Gujarat Titans
Ahmedabad-based Torrent Group has reached an understanding with European private equity major CVC Capital Partners to acquire a majority stake in the Indian Premier League (IPL) franchise Gujarat Titans after the...
Fintech lending platform Moneyview acquires fintech startup Jify; attains unicorn status
Bengaluru-based fintech lending platform Moneyview has acquired fintech startup Jify in a share swap arrangement. Through the deal, Jify’s two major investors Accel India and Nexus Venture Partners got 60.2 lakh shares...
Yes Bank’s stake sale runs into RBI hurdle
The process of an equity stake sale in Yes Bank, giving an exit to investors that had bailed out the foundering lender four years ago, has hit a roadblock after the RBI rejected proposals from potential bidders to...
NCLT approves acquisition of Radius Estates by Adani-owned Bridgeport Realtors
The National Company Law Tribunal (NCLT) has approved the acquisition of Radius Estates and Developers by Bridgeport Realtors, a subsidiary of Adani Group entity Adani Goodhomes, through a scheme of amalgamation. This...
ZEE share price rallies over 3% as NCLT approves recall of merger scheme with Sony Pictures, Bangla Entertainment
Zee Entertainment Enterprises Ltd. (ZEEL) share price rallied over 3% on Friday after the company said it received regulatory approval for the recall of merger with Culver Max Entertainment Pvt Ltd (formerly Sony...
NCLAT suspends insolvency resolution process against Essar Oil and Gas Exploration & Production
The National Company Law Appellate Tribunal (NCLAT) suspends the lower tribunal’s order of admitting Essar Group entity Essar Oil and Gas Exploration & Production Ltd under the Corporate Insolvency Resolution...
Demerger of Vedanta likely by end of FY25: Top official
The demerger of mining conglomerate Vedanta Ltd’s key businesses, including aluminium, into separate listed companies is expected by the end of FY25, a top official of the company said on Wednesday. Vedanta Ltd...
