Ashoka Buildcon has acquired 4,91,39,970 equity shares of Rs.10/- each fully paid-up, from GVR Infra Projects held in GVR Ashoka Chennai ORR (CORR), an Associate Company, out of total 9,45,00,000 equity shares to be...
Vedanta’s plan to demerge businesses may face hurdles from shareholders, creditors: Report
Vedanta’s plan to demerge its businesses into separate entities could face hurdles from its minority shareholders and creditors, according to a report. On September 29, the mining conglomerate announced plans to...
Eris Lifesciences acquires Biocon Biologics domestic branded formulation business for Rs 1,242 crore
Eris Lifesciences on Thursday announced the acquisition of Biocon Biologics’ India branded formulation business for Rs. 1,242 crore. Eris has also signed a 10-year supply agreement with Biocon Biologics as a part of...
NCLT directs IIHL to complete Reliance Capital’s resolution plan within 90 days
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday allowed an application filed by the administrator of Reliance Capital and directed Hinduja Group-owned IndusInd International Holdings Ltd (IIHL)...
NCLT admits insolvency application against Winsome Diamond’s promoter Jatin Mehta
The Ahmedabad bench of the National Company Law Tribunal has admitted an insolvency resolution application against Jatin Rajnikant Mehta, the personal guarantor of bankrupt Winsome Diamonds and Jewellery, for a default...
Shree Cement inks pact with StarCrete to acquire 5 RMC plants for Rs 33.50 cr
Shree Cement Limited has signed an asset purchase agreement with StarCrete LLP to acquire five operational RMC plants for Rs 33.50 crore. The company, in a statement, said with this asset purchase, it has announced its...
Nazara Technologies sets aside $100 million for acquisitions
Mobile gaming and sports media company Nazara Technologies on Wednesday said it is setting aside about Rs 830 crore, or $100 million, for mergers and acquisitions in markets like India, Europe and North America. The...
Govt not planning to sell SUUTI stake in ITC, says DIPAM Secy
The government has no immediate intentions to divest its share in ITC, held through SUUTI, despite British American Tobacco (BAT) reduced its stake through a block deal in the Kolkata-based FMCG company, according to...
CCI approves merger of Slice with North East Small Finance Bank
Competition watchdog Competition Commission of India on Tuesday approved the merger of fintech startup Slice with troubled lender North East Small Finance Bank (NESFB). As per the plan, Garagepreneurs Internet, which...
Shapoorji Pallonji may sell stake in Sterling and Wilson Renewable Energy to manage debt: Report
Shapoorji Pallonji & Company (SPCPL), the holding firm of the billionaire Pallonji family, is likely considering selling its stake in Sterling and Wilson Renewable Energy (SWRE), Reuters reported citing a report in...
Maharashtra Cabinet approves purchase of MMRDA-Reliance Infra joint venture from Anil Ambani
The Eknath Shinde-led Maharashtra Cabinet has given an in-principle approval for the acquisition of Mumbai Metro One, a public-private partnership project jointly owned by Reliance Infrastructure Limited (R-Infra), led...
CK Birla-promoted HIL acquires pipes brand Topline for Rs 265 crore
CK Birla-promoted HIL Limited has acquired Topline brand of polyvinyl chloride (PVC) pipes and four companies associated with the brand for Rs. 265 crores, according to a stock exchange disclosure. The companies include...
