Burmans’ Religare Enterprises’ open offer to acquire an additional 26 per cent stake from the open market would commence on January 27 following the regulatory approvals. Last month, the Reserve Bank...
With no revival plan in place, NCLT orders liquidation of Tulip Hotels
The Mumbai bench of the National Company Law Tribunal has ordered the liquidation of the once-iconic Tulip Hotels after the creditors of the company failed to receive any viable resolution plan. The tribunal also...
Wondrlab acquires Gen AI firm BigStep Technologies
Wondrlab, India’s platform-first martech network, has acquired a majority stake in BigStep Technologies, an expert in Generative AI and Cloud-Native Custom Software Solutions. This is Wondrlab’s seventh acquisition to...
Board of Allcargo Terminals approves acquisition of 15% stake in Speedy Multimodes
The Board of Allcargo Terminals at its meeting held on 17 January 2025 has approved the Preferential issue of equity shares of the company for consideration other than cash, i.e. in lieu of acquiring 15% shares of...
India likely to cut disinvestment goal by 40% for FY25, Economic Times reports
India will likely cut its disinvestment and asset monetisation target by 40% for 2024-25 in the federal budget to be presented next month, The Economic Times newspaper reported on Saturday, as planned sales of state-run...
GECOM acquires luxury triplex apartment at BKC for ₹100 cr
GECOM International, engaged in the business of establishing collaborative arrangements between Indian and foreign universities, has acquired a luxury triplex apartment in Mumbai’s central business district Bandra...
Oyo early investors consider partial stake sale at $3.9 billion valuation
Early investors in Oyo, including Lightspeed Venture Partners, are reportedly in discussions with family offices to sell part of their stakes in the hospitality startup. According to The Economic Times, the valuation...
No competing bids for Jaiprakash Associates, NARCL sole contender
The National Asset Reconstruction Co (NARCL) has emerged as the preferred bidder to take over the distressed Jaiprakash Associates (JAL) after process advisor IDBI Capital Markets & Securities did not receive any...
Aditya Birla Fashion to raise $500m via QIP, preferential issue
Aditya Birla Fashion and Retail (ABFRL) on Wednesday said its board has approved raising $500 million (about ₹4,320 crore) through a mix of preferential issuance and Qualified Institutional Placement (QIP) to reduce...
Minda Corp to acquire 49% stake in Flash Electronics for Rs 1,372 crore
Auto components maker Minda Corporation on Wednesday said it will acquire 49 per cent stake in Flash Electronics for Rs 1,372 crore. The partnership is intended to expand the product offerings of both companies...
February creditor meet key to Vedanta demerger plan
If the creditors of natural resources major Vedanta go ahead with their plan of giving consent for the company’s proposed demerger at a meeting next month, it will be a major step paving the way for the listing of the...
Rashi Peripherals to acquire 70% stake in Satcom Infotech
Rashi Peripherals (RP Tech) has announced its intent to acquire 70% equity stake in Satcom Infotech, a prominent distributor specializing in cybersecurity solutions. This strategic move expands RP Tech’s portfolio...
