Jaiprakash Associates Ltd (JAL) on Monday approached the National Company Law Appellate Tribunal (NCLAT), seeking protection from “the possibility of irreversible harm” arising from the company’s...
NCLT directs RBI, DIPP to expedite approvals for Hinduja’s takeover of Reliance Capital
The National Company Law Tribunal (NCLT) on Monday instructed the Reserve Bank of India (RBI) and the Department of Industrial Policy and Promotion (DIPP) to expedite approvals necessary for Hinduja-owned IndusInd...
NCLT approves Oberoi Realty arm’s acquisition of Nirmal Lifestyle Realty
The National Company Law Tribunal (NCLT) has approved the resolution plan proposed by an affiliate of listed property developer Oberoi Realty to acquire real estate development firm Nirmal Lifestyle Realty. The...
CreditAccess looks to sell off India biz to new owner with $2.7 bn valuation
India’s largest microlender Credit Access Grameen Ltd may soon have a new owner with its Dutch promoter looking to exit, two people aware of the development said. The Netherlands-based CreditAcccess India B.V...
UltraTech Cement’s open offer for ICL to open on September 19
UltraTech Cement’s Rs 3,142 crore open offer for acquiring 26 per cent stake in India Cements Ltd (ICL) will tentatively open on September 19 and close on October 3. The Aditya Birla group flagship company has...
Lenders approve Nazara’s resolution plan to buy Smaaash
City-based listed mobile gaming company Nazara Technologies has been declared the successful bidder through the resolution process to acquire Sachin Tendulkar-backed Smaaash Entertainment (SEPL). The lenders have been...
Fortis Healthcare to buy out PE funds from diagnostics arm Agilus
Ending years of protracted negotiations, IHH Healthcare-backed Fortis Healthcare is set to acquire the stake of private equity firms in its own diagnostics arm Agilus Diagnostics (formerly SRL), according to sources in...
Torrent, Zydus, EQT set to make the cut for $3 bn JB Chemicals buyout
Torrent Pharma and Zydus Lifesciences are set to battle it out for JB Chemicals and Pharmaceuticals, the fifth and the sixth largest Indian drugmakers, along with possibly EQT and others, said people with knowledge of...
The New Shop in advanced talks to acquire 24Seven
The New Shop, a grocery convenience retail startup, is in advanced talks to acquire Godfrey Phillips India’s grocery and convenience retail chain 24Seven, said executives directly aware of the matter. Founded in...
NCLT approves Indian Steel & Wire Products’ merger with Tata Steel
The National Company Law Tribunal (NCLT) in Mumbai on Tuesday approved the merger of Tata Group-owned Indian Steel & Wire Products Ltd with Tata Steel Ltd. The division bench, comprising judicial member KR Saji...
Board of Uno Minda approves acquisition of balance stake in Minda Onkyo India
At meeting held on 07 August 2024. The Board of Uno Minda at its meeting held on 07 August 2024 has approved to acquire further stake in Minda Onkyo India (MOIPL), a 50:50 Joint Venture Company of Uno Minda and Onkyo...
PB Fintech to steer clear of majority-stake acquisitions following MyLoanCare experience
PB Fintech, the owner of Policybazaar and Paisabazaar, plans to move away from taking a majority stake when acquiring companies following the exit of the founder of MyLoanCare, which it bought in 2021. PB Fintech will...
