The Centre doesn’t have any plans to merge public sector banks (PSBs) in FY25, though it will not ditch plans to privatize PSBs during the fiscal, two people aware of the matter said. “There have been no...
NCLT sets the ball rolling on merger of Reliance’s arm Viacom18 and Star India
The Mumbai bench of the National Company Law Tribunal has admitted the merger scheme between Reliance Industries Ltd’s Viacom18, its wholly-owned subsidiary Digital18 and Walt Disney’s Star India, marking...
Adani Energy Solutions buys Essar Transco for ₹1,900 crore
Adani Energy Solutions Ltd (AESL) said Thursday it has completed the acquisition of Essar Transco Ltd for an enterprise value of ₹1,900 crore after securing necessary approvals. The companies had signed agreements for...
PB Fintech’s Dahiya, Bansal likely to sell stakes worth Rs 1,053 crore
PB Fintech’s chairman & CEO Yashish Dahiya and vice chairman Alok Bansal are likely to sell a portion of their holdings amounting to 1.86% of the company’s equity on Friday through an open market...
FA Airlines to buy regional airline FlyBig
Mumbai-based FA Airlines is set to acquire regional carrier FlyBig, according to sources. FlyBig has four planes in its fleet. Incorporated in 2022, FA Airlines is focused on the aviation sector. The sources said an...
Ashdan, Yash Shares in a duel to acquire Rolta India
The race to buy the bankrupt defence-focused software company Rolta India has boiled down to a match-up between Pune-based real estate developer Ashdan Properties and Mumbai-based Yash Shares. The National Company Law...
Brookfield India REIT set to buy Bharti’s nearly 50% stake in realty JV
Brookfield India Real Estate Trust is set to acquire nearly 50% stake in Bharti Enterprises’ real estate joint venture with Brookfield Asset Management. The deal is estimated to value the portfolio spread over 3.3...
Adani Energy Solutions completes acquisition of Essar Transco
Adani Energy Solutions announced the conclusion of acquisition of 100% stake in Essar Transco (ETL) through its wholly owned subsidiary – Adani Transmission Step Two (ATST) on 15 May 2024. Consequently, ETL has...
ONGC enters the fray to acquire Ayana Renewable Power
Oil and Natural Gas Corporation has entered the fray to acquire a significant majority stake in Ayana Renewable Power Pvt. Ltd, as India’s largest crude and natural gas producer seeks to bulk up its clean energy...
NCLAT lifts lien on IL&FS Transportation
The National Company Law Appellate Tribunal Tuesday ordered lifting of lien on IL&FS Transportation Networks Limited’s (ITNL) terming Maharashtra tax department’s attachment of the account and creating a...
Quant Mutual Fund gets RBI nod to increase stake up to 9.98% in RBL Bank
Quant Money Managers has received RBI approval to increase ‘aggregate holding’ of up to 9.98% of the paid-up share capital or voting rights in RBL Bank through various schemes of Quant Mutual Fund. At present, Quant...
Cipla promoters to sell up to 2.53% for Rs 2,637 crore
Some members of the Hamied family that founded Cipla are set to offload shares via block deals, said people aware of the matter, eight months after promoter-stake-sale talks with Torrent Pharma collapsed. A stake of up...
