The process of an equity stake sale in Yes Bank, giving an exit to investors that had bailed out the foundering lender four years ago, has hit a roadblock after the RBI rejected proposals from potential bidders to...
NCLT approves acquisition of Radius Estates by Adani-owned Bridgeport Realtors
The National Company Law Tribunal (NCLT) has approved the acquisition of Radius Estates and Developers by Bridgeport Realtors, a subsidiary of Adani Group entity Adani Goodhomes, through a scheme of amalgamation. This...
ZEE share price rallies over 3% as NCLT approves recall of merger scheme with Sony Pictures, Bangla Entertainment
Zee Entertainment Enterprises Ltd. (ZEEL) share price rallied over 3% on Friday after the company said it received regulatory approval for the recall of merger with Culver Max Entertainment Pvt Ltd (formerly Sony...
NCLAT suspends insolvency resolution process against Essar Oil and Gas Exploration & Production
The National Company Law Appellate Tribunal (NCLAT) suspends the lower tribunal’s order of admitting Essar Group entity Essar Oil and Gas Exploration & Production Ltd under the Corporate Insolvency Resolution...
Demerger of Vedanta likely by end of FY25: Top official
The demerger of mining conglomerate Vedanta Ltd’s key businesses, including aluminium, into separate listed companies is expected by the end of FY25, a top official of the company said on Wednesday. Vedanta Ltd...
Bank of Baroda approves resolution of Supertech’s Dehradun project
Bank of Baroda, one of the lender in Supertech Group has approved and sanctioned the resolution plan for company’s Dehradun project paving way for delivery of over 600 homebuyers. The company had submitted a project...
Essel Infra faces insolvency on J&K Bank’s application
Mumbai: A bankruptcy court Wednesday admitted Jammu and Kashmir Bank’s application to initiate insolvency proceedings against Essel Infraprojects Ltd, a company promoted by media baron Subhash Chandra, over what...
Satin Creditcare Network to raise $5 million in bonds with 11.32% all-inclusive cost
Microfinance company Satin Creditcare Network said that it will raise $5 million in bonds at an all-inclusive cost of 11.32 percent. The bonds are proposed to be issued on September 25 and will mature after 36 months...
New rules for mergers involving foreign firms announced: What this means
The Ministry of Corporate Affairs (MCA) has introduced important regulatory changes for companies involved in mergers and amalgamations, particularly in cases involving foreign entities. According to the new rules, any...
MCA notifies deal value threshold, other changes in M&A regime
The Ministry of Corporate Affairs (MCA) on Tuesday notified key provisions of its merger control regime, including on deal value thresholds for regulatory oversights and exemptions, which, experts said, would enable the...
GoKwik acquires Shopify app Return Prime, forays into global market
GoKwik, an eCommerce enabler has acquired Return Prime, a global returns management app in the Shopify ecosystem. Founded in 2021, Bengaluru-based Return Prime by Sashwat Swaroop provides a customer return platform for...
Jaimin Gupta acquires majority stake in Gujarat-based Aarvee Denims and Exports
Jaimin Gupta, the founder of men’s fashion brand Barcelona, along with other investors have acquired a majority stake in Gujarat based Aarvee Denims and Exports. Last week, Aarvee said it has approved the...
