Private sector lender Yes Bank is working towards giving an exit to its current shareholders, particularly State Bank of India (SBI), managing director and chief executive Prashant Kumar told ET. Kumar also confirmed...
NCLT lists Disney’s Star India and Reliance’s Viacom18 merger plea hearing on August 1 for final disposal
The National Company Law Tribunal (NCLT) has listed Walt Disney-owned Star India and Reliance Industries (RIL)-promoted Viacom18’s merger application for hearing and final disposal on August 1. Legal experts say...
Govt to push forward IDBI Bank stake sale after RBI key clearance
India will press ahead with the delayed sale of a majority stake in IDBI Bank after central bank clearance, opening bids for the lender before the end of the financial year, a top finance ministry official said on...
Hinduja Leyland Finance to go public via reverse merger with NXTDigital
Ashok Leyland will be listing its vehicle finance unit, Hinduja Leyland Finance (HLF), on the stock exchange via a reverse merger with NXTDigital, a listed media company of the Hinduja Group, in the current financial...
CG Power and Industrial Solutions to acquire 55% stake in GGT for Rs 319 cr
CG Power and Industrial Solutions on Wednesday said it will acquire 55 per cent stake in GG Tronics for Rs 319 crore. The acquisition is expected to be completed on or before August 23, 2024. “The company has...
Mankind Pharma to acquire 100% stake in Bharat Serums & Vaccines
Mankind Pharma has emerged as the frontrunner to acquire Bharat Serums & Vaccines (BSV), backed by Advent International, the company announced on Thursday. “Mankind Pharma Limited has entered into a definitive...
LVB-DBS merger: SC stays Madras HC order asking RBI to conduct fresh valuations of assets and shares of banks
The Supreme Court on Wednesday stayed a Madras High Court order that asked the Reserve Bank of India to conduct a fresh valuation of shares and assets of Lakshmi Vilas Bank and DBS Bank India in their 2020 merger case...
Multiples PE-backed insurer Acko acquires OneCare
Multiples Private Equity-backed Acko General Insurance has acquired digital chronic care management company OneCare as it focusses on becoming a healthcare service provider. The deal was an all-cash transaction, though...
Bhutani Group picks up majority stake in WTC Noida in revenue-sharing deal
Noida’s Bhutani Group has acquired a majority stake in WTC Noida, a company licensed to develop 13 World Trade Centers across India, in a revenue-sharing deal that will ensure the completion of stalled projects...
NCLT orders insolvency proceedings against Supertech Township Projects
The National Company Law Tribunal has directed to initiate insolvency proceedings against Supertech Township Projects on a plea filed by Punjab & Sind Bank over a default of Rs 216.92 crore. This is the third group...
Nazara Technologies acquires full ownership of Kiddopia publisher Paper Boat Apps in Rs 300 crore deal
Listed media and gaming firm Nazara Technologies said that it acquired the remaining 48.42% stake it did not hold in Paper Boat Apps for Rs 300 crore, making it a wholly owned subsidiary. Nazara acquired the stake from...
CFM acquires GMR Rajahmundry Energy debt from Edelweiss ARC
CFM Asset Reconstruction Co has acquired the debt of GMR Rajahmundry Energy from Edelweiss Asset Reconstruction Co. The transaction closed on June 30. Edelweiss ARC had purchased GREL’s ₹458 crore debt from IDFC...
