PNB Housing Finance could see a block deal worth Rs 500 crore in the coming days with information on the sellers of the stake not disclosed yet. The block deal is expected for the sale of 69.6 lakh shares of the company...
KITES Senior Care and Columbia Pacific Communites set to merge for one of India’s largest senior living firms
Senior living firm Columbia PacificCommunites is being merged with Ranjan Pai-backed Kites Senior Care. The merger of KITES Senior Living and Columbia Pacific India arm would create one of the largest senior living...
Viacom18, Star India move CCI for merger approval
Reliance Industries Ltd (RIL) owned Viacom18 and Walt Disney’s Star India have filed a combination notice with the Competition Commission of India (CCI) seeking approval for their merger deal, following the National...
Honasa Consumer acquires cosmetic formulation brand CosmoGenesis
Honasa Consumer, which owns FMCG brands Mamaearth and The Derma Co, on Monday said it has acquired cosmetic formulation maker CosmoGenesis Labs for an undisclosed amount. This acquisition will help the company, which...
ChrysCapital sets sights on pharma buyout deals
Homegrown private equity firm ChrysCapital is looking to acquire domestic companies in the formulation business in the range of $200 million-$500 million. Along with partners, deal sizes can potentially reach $1.5...
LIC thinking of diving into health insurance pool, eyeing acquisitions
The government-owned Life Insurance Corporation (LIC) is contemplating a foray into the health insurance sector and is currently assessing potential acquisition prospects, reported The Times of India quoting LIC...
Satin Creditcare Network raises Rs 332 crore from Dutch development bank
Microfinance lender Satin Creditcare Network has raised Rs 332 crore from Dutch Entrepreneurial Development Bank FMO as it looks to continue the growth momentum it achieved last fiscal. The funds are mobilised through...
NCLAT upholds Adani Goodhomes’ resolution plan for Radius Estates
The National Company Law Appellate Tribunal (NCLAT) has upheld Adani Goodhomes’ resolution plan to take over the bankrupt real estate company Radius Estates, rejecting challenges from creditors and debenture...
Big electoral bond buyer Megha Engineering to sell city gas business
Hyderabad-based Megha Engineering and Infrastructures (MEIL), which is the second-biggest buyer of electoral bonds – at ₹966 crore – and is facing corruption allegations, has put its city gas distribution...
NCLT halts Hiranmaye Energy resolution plan
The Kolkata bench of the bankruptcy court halted the corporate insolvency resolution process (CIRP) of thermal power company Hiranmaye Energy on the promoter’s plea that lenders should consider its ₹1,101.5 crore...
Reliance Industries seeks CCI approval for Viacom18-Star India merger
Billionaire Mukesh Ambani-promoted Reliance Industries has sought approval from fair trade regulator Competition Commission of India (CCI) for the USD 8.5-billion merger of Viacom18 and Star India Pvt Ltd (SIPL)...
NCLT admits Srei’s insolvency plea against Supreme Infrastructure BOT
The National Company Law Tribunal (NCLT) has admitted Srei Infrastructure Finance’s petition to initiate a corporate insolvency resolution process (CIRP) against Supreme Infrastructure BOT after it defaulted on...
