Life Insurance Corp. of India (LIC) is planning to acquire one of India’s five private standalone health insurance companies to secure a beachhead in the country’s growing health insurance market, two LIC...
Centre’s next round of stake sale in LIC now likely in FY2026
The next round of the government’s stake sale in Life Insurance Corporation (LIC) is only likely to take place in FY26 as the Centre pauses the privatization process this year to assess investor appetite, two...
Go First granted 60-day extension by NCLT to complete insolvency proceedings
Bankrupt airline Go First has received an additional 60-day window from the National Company Law Tribunal to complete its insolvency proceedings. The NCLT on April 8 extended the deadline to complete Go First’s...
Bankruptcy court approves resolution plan for Era Infra Engineering
After a delay of nearly seven years, lenders of Era Infra Engineering, are likely to recover part of their dues, as the bankruptcy court has approved the company’s acquisition by lesser-known SA Infrastructure...
360 One acquires ET Money for Rs 366 crore to enter wealth tech space
360 One Wealth and Asset Management, formerly IIFL Wealth, has entered into a definitive agreement to acquire wealth tech platform ET Money for a total sale consideration of Rs 365.8 crore, the company said in a stock...
Snack maker Haldiram’s said to weigh IPO as sale talks stall
The owners of Haldiram Snacks Pvt Ltd. are exploring a possible initial public offering for the food producer and restaurant operator as plans to sell it to foreign investors have stalled, people familiar with the...
NCLT admits Pune-based Cian Healthcare under insolvency over dues worth ₹1.14 cr
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday admitted Cian Healthcare under insolvency following an application filed by one of its operational creditors over unpaid dues worth ₹1.14 crore...
Kotak Alt funds Matrix founder’s buyout of Viatris API business
Kotak Alternate Asset Managers said it has invested Rs 1,445 crore in Matrix Laboratories founder Nimmagadda Prasad’s acquisition of the active pharmaceutical ingredient (API) business of Viatris. Kotak Alt made...
New govt not in favour to sell stake in OMCs, says Oil Minister Puri
The Centre is not in favour of divesting the government’s stake in oil marketing companies, said Oil Minister Hardeep Singh Puri on Tuesday. In addition, the Centre will make efforts to bring petrol, diesel and...
Mankind Pharma in race with PEs to buy BSV Group at possible valuation of Rs 13,000 crore
A consortium of Warburg Pincus and ChrysCapital will compete with TPG, Blackstone and EQT, as well as Mankind Pharma, to acquire BSV Group, formerly Bharat Serum & Vaccines Ltd, valuing it at Rs 12,000-13,000 crore...
Reverse mergers gain ground on the expressway to public markets
Precision Containeurs Ltd, a publicly listed maker of steel and plastic containers, had been defunct for about a decade when it blipped on the radar of Daman-based East India Drums and Barrels Manufacturing. In May last...
Indian airline IndiGo’s top shareholder to sell 2% stake, worth $394 mln
IndiGo airline’s biggest shareholder will sell a 2% stake worth $394 million in the low-cost Indian carrier on Tuesday, per a term sheet seen by Reuters, marking its first such sale in at least four years during...
