Mankind Pharma, Dr Reddy’s Laboratories and Torrent Pharma are among those that have evinced interest in acquiring JB Chemicals & Pharmaceuticals from KKR, said multiple people aware of the development. A few large...
Merger talks between NSE, BSE offshore arms at Gift City called off
Two international exchanges led by BSE Ltd and National Stock Exchange (NSE) Ltd in the Gift City in Gujarat have called off their much-anticipated merger, according to two persons aware of the development. This is a...
NCLT rejects JM Financial Asset Reconstruction’s plea in Arch Pharmalabs case…
The National Company Law Tribunal (NCLT) has dismissed JM Financial Asset Reconstruction’s application to intervene in an insolvency resolution application filed by Bank of Baroda against Arch Pharmalabs. In its...
… Admits Ireda’s insolvency petition against Shri Saikrupa Sugar
After a delay of nearly six years, the Mumbai bench of the National Company Law Tribunal (NCLT) has admitted an application filed by Indian Renewable Energy Development Agency (Ireda) to admit Shri Saikrupa Sugar and...
Balu Forge Industries acquires 72,000-tonne forging lines in Karnataka
Balu Forge Industries Ltd (BFIL) has acquired three forging lines having a combined capacity of producing 72,000 tonnes of heavy forged products annually for an undisclosed amount. The units are located in Karnataka...
Nexus REIT in talks to buy Marina Mall in Chennai
Real estate investment trust (REIT) Nexus Select Trust is in talks to acquire The Marina Mall in Chennai which has nearly 600,000 square feet retail space, said people with direct knowledge of the development. The mall...
Competition Commission of India to soon bring new set of merger regulations
Competition Commission of India (CCI) will soon come out with a new set of merger regulations, giving effect to competition law amendments enacted last year, its chairperson Ravneet Kaur said on Monday. Kaur said CCI...
Hindujas’ acquisition of Reliance Capital hits financing hurdle
The financing of Hindujas’ acquisition of Reliance Capital has hit the coupon hurdle as lenders including Standard Chartered Bank and Barclays are seeking a 15.5% coupon on a Rs 2,000 crore loan each, people...
NCLT okays Metalysts Forgings’ acquisition by Deccan value-led group
After a delay of nearly seven years, lenders of Amtek Auto’s listed subsidiary Metalysts Forgings are likely to recover part of their dues, as the bankruptcy court has approved the company’s acquisition. The...
NCLT allows IL&FS Transportation Networks to offload shares in an expressway project
The National Company Law Tribunal (NCLT) has allowed IL&FS arm IL&FS Transportation Networks to offload its shares in Moradabad Bareilly Expressway to the Roadstar Infra Investment Trust (InvIT). The two-member...
Debt, equity holders approve merger of IDFC with IDFC First Bank
Shareholders and non-convertible debenture (NCD) holders of IDFC First Bank have approved a proposal to merge parent IDFC Ltd with the lender. The National Company Law Tribunal (NCLT) convened a meeting on May 17...
Indian Oil completes Mercator acquisition
Indian Oil Corp Ltd (IOCL), India’s largest oil marketing company has completed the Rs 148 crore deal to acquire oil and gas company Mercator Petroleum, its first acquisition through the insolvency and bankruptcy...
