Some of India’s largest power producers such as Adani Power, JSW Energy, Jindal Power, Vedanta Group, Torrent Power and state-owned NTPC are among 15 companies that have submitted formal expressions of interest...
Govt considers handing over MTNL operations to BSNL; merger unlikely
The government is considering the option of handing over operations of Mahanagar Telephone Nigam Ltd (MTNL) to BSNL through an agreement, instead of pursuing a merger route, a source privy to the development said. A...
Chemco Expands Reach with Strategic Merger with Gaurav Containers Limited
Chemco, one of India’s leading packaging material manufacturers, has successfully completed its merger with Gaurav Containers Limited, a company based in Daman. This strategic move increases Chemco’s...
Sadbhav Engineering seeks debt restructuring; interim debt at two SPVs
Listed infrastructure firm Sadbhav Engineering is working on a debt restructuring plan for Rs 750 crore, extending the debt repayment period up to seven years. As directed by the National Company Law Tribunal (NCLT, the...
Vedanta going ahead with demerger of businesses: Chairman Anil Agarwal
Vedanta Chairman Anil Agarwal on Wednesday said that the company is going ahead with the proposed demerger of its businesses that will lead to the formation of six firms and unlocking of massive value. The company has...
MGM Healthcare promoter acquires Vizag’s SevenHills Hospital under IBC
MK Rajagopalan, the promoter of Chennai-based MGM Healthcare, has acquired the 300-bed SevenHills Hospital in Visakhapatnam under the Insolvency and Bankruptcy Code (IBC) process. The Amravati bench at Mangalagiri of...
Financial wellness platform Cashe acquires Centcart Insurance
Financial wellness platform Cashe has acquired insurance broking platform Centcart Insurance for an undisclosed sum, marking its entry into the insurance space. The acquisition was made by Aeries Financial Technologies...
Honeywell to buy Air Products’ LNG unit for $1.81 bln as deal-making spree continues
Honeywell said on Wednesday it would buy Air Products’ liquefied natural-gas process technology and equipment business for $1.81 billion in cash, marking the industrial giant’s fourth acquisition this year...
Glenmark Pharma to offload 7.84% stake in Glenmark Life Science through OFS
Glenmark Pharma board has approved the sale of a 7.84 per cent stake, which is equivalent to 96,09,571 equity shares, in Glenmark Life Sciences, the company said in an exchange filing on June 10. The stake will be sold...
Delhi HC upholds CCI’s approval of Vistara-Air India merger
The Delhi High Court has rejected a petition against the Competition Commission of India’s last year’s order that approved the merger of Tata SIA Airlines, which operates under the brand name Vistara, with Air...
L&T’s semiconductor arm acquires Bengaluru-based SiliConch Systems
Larsen & Toubro’s (L&T) whole-owned subsidiary L&T Semiconductor Technologies (LTSCT) signed an agreement on Monday for acquisition of 100% stake in Bengaluru-based SiliConch Systems for a cash consideration...
Adda247 acquires CA test preparation firm Ekagrata Eduserv
Google-backed edtech startup Adda247 on Tuesday said that it has acquired Ekagrata Eduserv, a chartered accountancy (CA) test preparation firm. The move marks Adda247’s entry into the CA test preparation market...
