Creditors to Go First Airlines have unanimously voted to liquidate the carrier after almost a year of trying to find a buyer for the Wadia group-promoted company. A liquidation plea has been e-filed with the Delhi...
The big hospital merger: Aster DM, Care to sign deal next month
Bengaluru-based Aster DM Healthcare and Hyderabad-based Care Hospitals plan to join hands next month in a marriage blessed by private equity giant Blackstone, two people aware of the matter said. While Aster DM promoter...
Kotak to buy IDBI Bank? RBI identifies eligible bidders for state bank’s stake sale
The Reserve Bank of India has completed its review of potential buyers for a majority stake in IDBI Bank, approving Fairfax Financial Holdings, Emirates NBD and Kotak Mahindra Bank as bidders, three sources aware of the...
Viacom18, Star India expect to complete merger by October
Reliance Industries-promoted Viacom18 and Walt Disney-owned Star India are hopeful of completing their merger by October, when the Competition Commission of India (CCI) is also expected to issue its order, officials...
Jindal Power, Vedanta & 4 others in race for Athena
Six companies including Vedanta, Jindal Power and an arm of JSW Energy are in the race to acquire Athena Demwe Power, which owns the 1,750-MW Lower Demwe hydroelectric project in Arunachal Pradesh, through the...
Tata Motors board approves demerger into two listed companies, scheme to conclude within 15 months
Tata Motors Ltd (TML) announced on Thursday, August 1, that its board approved the demerger scheme of its commercial vehicle (CV) arm, which will eventually lead to two separate listed entities. India’s most...
Unaprime buys Tata Healthcare’s 43.5% in Lokmanya Hospitals
Unaprime has bought out Tata Healthcare Fund’s 43.5% stake in Maharashtra-based Lokmanya Hospitals, said the financial investment advisory company’s co-founder Deep Mishra. It also purchased shares from...
BCM Group acquires five star property The Golden Palms Resorts and Spa
BCM Group has acquired Bengaluru’s five-star hotel, The Golden Palms Resorts and Spa, the diversified group’s managing director Rajesh Mehta told ET without disclosing the financial details of the deal. The resort...
Financial bids for IDBI bank likely this fiscal; PSU banks sale on hold: DIPAM Secretary
The government hopes that IDBI Bank will receive financial bids by the end of this financial year. In an exclusive interview with ANI, Tuhin Kant Pandey, Secretary of the Department of Investment and Public Asset...
Board of Zee Entertainment approves acquisition of balance 20% stake in Margo Networks
At meeting held on 31 July 2024 The board of Zee Entertainment Enterprises at its meeting held on 31 July 2024 has approved the acquisition of balance 20% stake in Margo Networks, a subsidiary of the Company. Margo...
NIIF-backed IntelliSmart plans to buy majority stake in CyanConnode’s India ops
National Investment and Infrastructure Fund (NIIF) backed IntelliSmart Infrastructure Pvt Ltd is in talks with global smart metering major CyanConnode to acquire a majority stake in its Indian operations, said two...
Hinduja Group ready to pay Rs 2,750 crore now for Reliance Capital resolution, files intervention applicat
Hinduja Group-backed IndusInd International Holdings (IIHL) filed an intervention application on Tuesday before the Mumbai bench of the National Company Law Tribunal (NCLT). The application states that while IIHL is...
