Listed FMCG company Patanjali Foods will acquire group firm Patanjali Ayurved’s home and personal care business for Rs 1,100 crore, which will lead to consolidation of the Patanjali brand under its overall FMCG...
NCLT asks Sadbhav Engg CEO to settle creditor dues
The bankruptcy court has directed the chief executive of listed infrastructure company Sadbhav Engineering to resolve the issue of payment to its creditors in consultation with its board. The Ahmedabad bench of the...
Kapil Wadhawan moves NCLAT against Union Bank’s insolvency plea over ₹3,958-crore default
Kapil Wadhawan, the former promoter of Dewan Housing Finance Corporation Ltd (DHFL), has moved the National Company Law Appellate Tribunal (NCLAT) to challenge the initiation of personal insolvency proceedings against...
JK Solutions-led group’s Valecha buy gets NCLT nod
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the acquisition of bankrupt listed infrastructure firm Valecha Engineering Ltd by a consortium of JK Solutions Pvt Ltd and One Media Facility...
IFFCO withdraws plea from NCLT in Triumph Offshore case
Fertiliser cooperative IFFCO has withdrawn its plea filed in NCLT that restrained Triumph Offshore from issuing any share or securities to lenders for paying loans. The move came after IFFCO (Indian Farmer Fertiliser...
HCG acquires Vizag based cancer hospital for enterprise valuation of Rs 414 crore
HCG, India’s largest speciality cancer care chain on Friday acquired controlling stake in 196-bedded Visakhapatnam-based cancer hospital Mahatma Gandhi Cancer Hospital and Research Institute (MGCHRI) for an...
Bank Unions write to Finance Minister for merger of RRBs with Sponsor Banks
Two bank unions — AIBOC and AIBEA — have demanded the merger of Regional Rural Banks (RRBs) with their respective Sponsor Banks to ensure overall efficiency and viability of the banking sector. It is...
UltraTech buys 23% stake in India Cements
UltraTech Cement has acquired a 23% stake in India Cements for around Rs 1,900 crore, preventing potential future bids for the leading peninsular manufacturer, as the race intensifies to control capacities in a highly...
BPCL subsidiary gets NCLT nod to take over Videocon Oil
A Mumbai bankruptcy court has approved a debt resolution plan given by Bharat PetroResources Ltd, a subsidiary of Bharat Petroleum Corp (BPCL) to take over Videocon Oil Ventures, upholding Bharat Petro’s right to...
Ambuja Cements board approves merger of Adani Cementation with company
Adani group-owned Ambuja Cements said its board has approved the merger of Adani Cementation, which is now a subsidiary of Adani Enterprises. After the approval of the Scheme of Amalgamation of Adani Cementation, after...
JSW Infrastructure announces acquisition of 70.37% stake in Navkar
JSW Infrastructure announced that the company through its wholly owned subsidiary, JSW Port Logistics has agreed to acquire 70.37% shareholding held by Promoters and Promoter Group in Navkar Corporation (Navkar)...
Board of Vijaya Diagnostic Centre approves merger with Medinova Diagnostic Services
At meeting held on 26 June 2024. The Board of Directors of Vijaya Diagnostic Centre (VDCL) and Medinova Diagnostic Services (MDSL) at their respective Board meetings held today, approved the Scheme of Amalgamation for...
