Transindia Real Estate (TREL), an Allcargo Group company, has signed a definitive agreement to sell its logistics park at Jhajjar in Haryana at an enterprise value of approximately ₹636.71 crore. The deal consummation...
NCLT adjourns hearing on Star India-Novi Digital merger
The National Company Law Tribunal (NCLT) adjourned the hearing in the scheme of arrangement between Walt Disney-owned Star India and its subsidiary Novi Digital Entertainment, which owns the streaming platform Disney+...
Suven Pharma, Cohance Lifesciences to merge to bolster CDMO business
Suven Pharmaceuticals Ltd and Cohance Lifesciences Ltd signed a definitive agreement to merge their businesses, which will further strengthen the former’s position in the contract development and manufacturing...
Thyrocare completes acquisition of Think Health
Shares of Thyrocare Technologies hit a 21-month high of Rs 722 as they rallied 12 per cent on the BSE in Wednesday’s intraday trade amid heavy volumes, after the company completed the acquisition of Think Health...
Media firm Dailyhunt in advanced talks to acquire India’s X alternative Koo
Dailyhunt is in the advanced stages of talks to acquire social media platform Koo, according to a report by TechCrunch released on Wednesday. The deal could be finalised “within weeks” and involves a share...
Sion Investment exits CMS Info; ICICI Bank ups stake in ICICI Lombard
Private sector lender ICICI Bank on Tuesday hiked its stake in ICICI Lombard General Insurance by 1.42 per cent. It bought nearly 7 million shares for Rs 1,164 crore at Rs 1,666 apiece. Shares of ICICI Lombard last...
NCLT approves Hinduja’s acquisition of bankrupt Reliance Capital
The National Company Law Tribunal (NCLT) on Tuesday approved the ₹9,650 crore resolution plan of IndusInd International Holdings Ltd (IIHL), a Hinduja Group entity, to acquire bankrupt Reliance Capital Ltd, marking a...
NCLT admits Yashraj Containeurs’ voluntary insolvency resolution application
The bankruptcy court has admitted an application filed by listed industrial packaging solutions company Yashraj Containeurs Ltd to admit it for a voluntary corporate insolvency resolution process (CIRP). The company...
NCLT orders insolvency proceedings against Sankalp Siddhi Developers
The National Company Law Tribunal (NCLT) has ordered initiation of corporate insolvency resolution process against real estate special purpose vehicle (SPV) Sankalp Siddhi Developers. The SPV was promoted by Ahuja Hive...
NCLT set to pronounce ruling on Hinduja group’s resolution plan for Reliance Capital
The bankruptcy court in Mumbai is likely to pronounce its ruling on Tuesday in an application filed by the administrator of Reliance Capital Ltd to approve the company’s acquisition by IndusInd International Holdings...
NCLT orders insolvency proceedings against Fosun’s affiliate realty company
The National Company Law Tribunal (NCLT) has ordered initiation of corporate insolvency resolution process against real estate special purpose vehicle (SPV) Sankalp Siddhi Developers. The SPV was promoted by Ahuja Hive...
RBI approves HDFC Bank’s 90% stake sale in HDFC Credila to ChrysCapital and BPEA EQT
HDFC Bank received approval from the Reserve Bank of India (RBI) to sell its 90% stake in the education loan company HDFC Credila Financial Services Ltd- a move that will boost private lender’s income in the fourth...
