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...
Sun Pharma to pursue M&A, licensing to expand speciality business
Sun Pharma, India’s largest drug maker, will pursue licensing and acquisitions to expand its speciality business, the company’s senior executive said. “M&A – we have always tried to be very...
NCLAT upholds NCLT order on Jaypee Infra; asks Suraksha to pay additional Rs 1,300 crore
Insolvency appellate tribunal NCLAT on Friday upheld Suraksha Realty’s bid to acquire debt-ridden Jaypee Infratech but asked it to pay an additional Rs 1,334 crore as farmers’ compensation — a...
Board of Hindalco Industries approves acquisition of fabrication facility of Home Build Tech India
The Board of Hindalco Industries has approved an acquisition of fabrication facility of Home Build Tech India (HBT), by way of entering into a binding MoU. The acquisition shall be effectuated through a Special Purpose...
Jio Financial plans $4.33 bln deal with Reliance Retail
Jio Financial Services (JFS) is seeking shareholder approval for its unit to acquire equipment worth 360 billion rupees ($4.33 billion) from the retail arm of Reliance Industries as the financial services provider plans...
Taro shareholders approve merger with Sun Pharma
Shareholders of Taro have approved the company’s merger agreement with Sun Pharma, the Mumbai-based drug major said on Thursday. The merger agreement between Israel-based Taro and Sun Pharma was approved by the...
Honasa Consumer acquires Cosmogenesis Labs for Rs 4 crore
Honasa Consumer, the parent of beauty and personal care brand Mamaearth, has acquired Cosmogenesis Laboratories, a research and development platform specialising in cosmetics, particularly natural and organic products...
Reliance Capital administrator seeks 90-day extension from NCLT to implement resolution plan
The administrator of debt-ridden Reliance Capital (RCap) has moved NCLT, seeking a 90-day extension beyond the deadline to implement the resolution plan submitted by the successful bidder, the Hinduja Group. The...
