Ajooni Biotech said that it has collaborated with Avalon Bioenergy, an Indian subsidiary of the US-based Avalon Energy Group, for sustainable processing of moringa in the country. This collaboration will see the setting...
NCLAT directs NCLT to hear afresh insolvency plea by APL Apollo Tubes
The National Company Law Appellate Tribunal (NCLAT) has directed the NCLT to hear afresh the insolvency plea filed by APL Apollo Tubes against one of its purchasers of goods. A two-member bench came down heavily on the...
Ambuja Cements’ Penna acquisition could take time to bear fruit
With an eye on the southern markets, Ambuja Cements Ltd last week announced plans to acquire Hyderabad-based Penna Cement Industries Ltd. Penna has a cement manufacturing capacity of 14 million tonnes per annum...
Network 18, arms get NCLT approval to proceed with merger scheme
The National Company Law Tribunal (NCLT) has given Network18 and its subsidiaries TV18 and E18 the go-ahead to proceed with their composite scheme of arrangement. In its order dated June 5, the Mumbai bench of the NCLT...
PwC India expects upswing in small, mid-size M&A transactions
PwC India anticipates an upswing in the India markets, especially in small to mid-size M&A (merger and acquisition) transactions and growth fundings driven by increasing investors’ confidence. The year 2023...
Fortis, Apollo, Medanta, and Max lead the charge in bidding war for Jaypee Healthcare
Fortis Healthcare, Apollo Hospitals, Medanta and Max Healthcare are among half a dozen companies that have shown preliminary interest in acquiring Jaypee Healthcare, the last of the Jaiprakash Group’s priced...
Paytm in talks with Zomato to sell its movie and ticketing business
Paytm is currently in discussions with Zomato Ltd. to sell its movie and events ticketing division, as part of a strategic overhaul amid declining sales, according to sources familiar with the situation, as per...
ET Money’s acquisition by 360 ONE – Should you be worried or excited?
The acquisition of ET Money by 360 ONE WAM Ltd raises some questions for users and investors of the Times Group-owned direct mutual fund investment platform—the largest corporate effort in the past decade to provide...
Reliance Cap resolution: NCLT to hear IIHL plea for deadline extension on June 20
National Company Law Tribunal (NCLT) will hear the plea of Hinduja Group firm IIHL for extension of deadline for completing Reliance Capital’s resolution on June 20. IndusInd International Holdings Ltd (IIHL) is...
Ambuja cements deal to acquire Hyderabad-based Penna
Adani Group unit Ambuja Cement is to acquire Hyderabad-based Penna Cement at an enterprise value of ₹10,422 crore, adding to its capacity and market share in southern India. Mumbai-headquartered Ambuja Cement will...
Suven Pharma to acquire controlling stake in Hyderabad-based CDMO Sapala Organic
PE firm Advent International backed Suven Pharmaceuticals said it has entered into a definitive agreement to acquire a controlling stake in Hyderabad-based contract research development organisation (CDMO) Sapala...
NCLT to hear insolvency plea filed by Engine Lease Finance against SpiceJet on August 2
The National Company Law Tribunal (NCLT) has issued a notice to SpiceJet over an insolvency plea filed by Engine Lease Finance BV, an aircraft engine lessor of the debt-ridden air carrier. The single-member NCLT bench...
