Allcargo Logistics Limited on Monday announced that the demerger of its international supply chain business as well as the merger of domestic business has become effective from November 1. Under a composite scheme of...
AIMS hospital founder looks to buy back PE investors’ 49% stake
The founder of Asian Institute of Medical Sciences (AIMS), Narendra Pandey, is looking to buy back 49% stake held by private equity investors in the Faridabad-based hospital, people aware of the development said. Pandey...
Indian Hotels, EIH, ITC join race for JW Marriott Bengaluru
Indian Hotels, EIH and ITC Hotels are among leading hospitality companies that have shown interest in acquiring the luxury hotel JW Marriott in Bengaluru, according to documents seen by ET. As many as 40 companies...
MEIL Energy acquires 250 MW Lignite-based power plant in Tamil Nadu
MEIL Energy Private Limited, a wholly owned subsidiary of Megha Engineering and Infrastructures Ltd on Thursday announced the acquisition of 100 per cent stake in TAQA Neyveli Power Company Private Ltd from Abu Dhabi...
Welspun Corp approves acquisition of further 4.11% stake in Welspun Specialty Solutions
The board of Welspun Corp at its meeting held on 30 October 2025 has approved the acquisition of 2,72,39,744 equity shares (4.11% equity stake) of Welspun Specialty Solutions, subsidiary company, from the Promoter Group...
Reconstitution of NCLT Mumbai further delays Vedanta demerger; next hearing on November 12
The Vedanta demerger is delayed yet again as the National Company Law Tribunal (NCLT) on Wednesday deferred the matter to November 12, as the Mumbai bench, hearing the matter, has been reconstituted. The...
Aegis Logistics approves sale of 51% stake in its step-down subsidiary Hindustan Aegis LPG
The board of Aegis Logistics at its meeting held on 29 October 2025 has approved the transaction for sale of shares aggregating to 51% equity stake i.e. 6,21,146 equity shares of Rs 10/- each held by Aegis Gas (LPG)...
Spice Lounge Food Works announces strategic expansion with acquisition of Rightfest
The board of Spice Lounge Food Works has approved the acquisition of 100% of the shareholding of Rightfest Hospitality LLP (Rightfest), marking a strategic expansion in India’s rapidly evolving casual dining...
NCLAT rejects Glas Trust’s plea opposing Aakash’s EGM
The National Company Law Appellate Tribunal (NCLAT) on Tuesday rejected a plea by US-based Glas Trust challenging Aakash Educational Services Ltd’s 29 October extraordinary general meeting (EGM) to approve a rights...
Govt consolidation blueprint—UBI-BoI merger to create mega bank; Punjab & Sind Bank, BoM privatization on radar
The government is drawing up a fresh blueprint to merge select public sector banks, said three people aware of the matter, as it aims to scale up such lenders and streamline overlapping operations under banking sector...
Heritage Foods acquires 51% stake in health ice cream maker Get-A-Way for Rs 9 crore
Dairy company Heritage Foods Ltd said on Monday it has acquired a 51 per cent stake in Peanutbutter and Jelly Pvt Ltd, which owns health-focused ice cream brand Get-A-Way, for Rs 9 crore. The acquisition is expected to...
Defence firm Sanlayan Technologies acquires strategic stake in Versabyte Data Systems
Sanlayan Technologies, an integrated defence electronics company, has acquired a strategic stake in Versabyte Data Systems, a supplier of power electronics to India’s defence sector, part of its push to expand across...
