Bank of Baroda, one of the lender in Supertech Group has approved and sanctioned the resolution plan for company’s Dehradun project paving way for delivery of over 600 homebuyers. The company had submitted a project...
Essel Infra faces insolvency on J&K Bank’s application
Mumbai: A bankruptcy court Wednesday admitted Jammu and Kashmir Bank’s application to initiate insolvency proceedings against Essel Infraprojects Ltd, a company promoted by media baron Subhash Chandra, over what...
Satin Creditcare Network to raise $5 million in bonds with 11.32% all-inclusive cost
Microfinance company Satin Creditcare Network said that it will raise $5 million in bonds at an all-inclusive cost of 11.32 percent. The bonds are proposed to be issued on September 25 and will mature after 36 months...
New rules for mergers involving foreign firms announced: What this means
The Ministry of Corporate Affairs (MCA) has introduced important regulatory changes for companies involved in mergers and amalgamations, particularly in cases involving foreign entities. According to the new rules, any...
MCA notifies deal value threshold, other changes in M&A regime
The Ministry of Corporate Affairs (MCA) on Tuesday notified key provisions of its merger control regime, including on deal value thresholds for regulatory oversights and exemptions, which, experts said, would enable the...
GoKwik acquires Shopify app Return Prime, forays into global market
GoKwik, an eCommerce enabler has acquired Return Prime, a global returns management app in the Shopify ecosystem. Founded in 2021, Bengaluru-based Return Prime by Sashwat Swaroop provides a customer return platform for...
Jaimin Gupta acquires majority stake in Gujarat-based Aarvee Denims and Exports
Jaimin Gupta, the founder of men’s fashion brand Barcelona, along with other investors have acquired a majority stake in Gujarat based Aarvee Denims and Exports. Last week, Aarvee said it has approved the...
Digital cos with 10% India users need CCI nod for mergers & acquisitions
Mergers and acquisitions involving digital firms that have one tenth of their global users or gross merchandise value in the previous one year or annual turnover in India would require clearance from the Competition...
CCI approves Tata Motors Finance merger with Tata Capital
The Competition Comission of India on Tuesday announced that it had approved the merger of Tata Motor Finance with Tata Capital. The merger, announced in June, will see Tata Capital issue its equity shares to the...
NCLAT halts insolvency proceedings against Essar’s oil & gas subsidiary
The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed the insolvency proceedings against Essar Oil and Gas Exploration and Production Ltd., a subsidiary of Essar Group. The proceedings had been initiated...
Fortis seeks CCI nod to buy 31.52% more in diagnostics subsidiary Agilus
Fortis Healthcare has sought the Competition Commission of India’s approval for its proposed acquisition of another 31.52% stake in its diagnostics arm, Agilus, from private equity players. In its application to...
GMR buys out Fraport’s 10% in Delhi Airport for Rs 1,058 crore
GMR Airports Monday said it has bought out German airport operator Fraport’s 10% stake in Delhi airport for $126 million (about ₹1,058 crore). GMR operates Delhi, Hyderabad and Goa airports. Fraport is the owner...
