Indian e-commerce giant Flipkart has engaged in discussions in recent weeks regarding a potential acquisition of Dunzo, the hyperlocal delivery startup backed by Reliance Retail. However, complexities surrounding...
CCI approves Minda Corporation’s proposed 8.79% stake purchase in Pricol
The Competition Commission of India (CCI) on Tuesday said it has approved Minda Corporation’s proposed 8.79 per cent stake purchase in Pricol. Minda Corporation is in the business of manufacturing auto components...
Adani group in advance talks to raise $2.6 billion; may trim stake in airport, green hydrogen units
The Adani Group is reportedly in advanced discussions with prominent sovereign funds based in West Asia to secure funding of up to $2.6 billion. This potential move to raise funds is part of the conglomerate’s...
Athena Demwe bid: NCLAT rejects Navayuga Engineering Company’s plea
The National Company Law Appellate Tribunal (NCLAT) has rejected an appeal filed by Navayuga Engineering Company Ltd, which had challenged the lenders’ decision to disqualify it from bidding for the 1,750 MW...
Max Healthcare Institute acquires Alexis Multi-Speciality Hospital
Max Healthcare Institute Ltd said it has acquired 99.90 per cent stake in Nagpur-based Alexis Multi-Speciality Hospital Pvt Ltd for an enterprise value of Rs 412 crore. Subsequently, Alexis Multi Speciality Hospital has...
Tata Power to acquire Jalpura Khurja Power Transmission project for Rs 838 crore
Tata Power said it has received a letter of intent (LoI) from REC Power Development and Consultancy to acquire the Jalpura Khurja Power Transmission project at an estimated cost of Rs 838 crore. The project special...
Tata group considering spinoff and listing of battery business Agratas Energy Storage Solutions
Tata Group is considering a potential spinoff of its battery business, according to people familiar with the matter, as the Indian conglomerate expands its foray in the country’s renewable-energy and electric-vehicle...
Unitop shareholders drag Rossari Bio to arbitration
The shareholders of Unitop Chemicals started arbitration against promoters of Rossari Biotech, the company which had acquired Unitop in 2021. The Unitop shareholders have alleged that Rossari Biotech has breached the...
Reliance Tata Deal: Ambani’s RIL may buy 30% Tata Play stake from Disney to strengthen television distribu
Reliance Industries is reportedly in discussions to acquire a 29.8% stake in Tata Play, a subscription-based satellite TV and video streaming service, from Walt Disney, Business Standard newspaper reported citing...
ACME looks to sell 35% stake to raise Rs 3,000 crore
ACME Cleantech, the largest independent solar power producer in India, is set to sell about 35% stake in the holding company for about ₹3,000 crore, said multiple people aware of the development. The fundraise, a...
NCLAT tells IRP to take no further steps in Dream11 insolvency; NCLT order stayed
The National Company Law Appellate Tribunal, Thursday, noted that the order passed by the National Company Law Tribunal to initiate insolvency proceedings against the parent company of India’s largest sports fantasy...
Vedanta promoter in talks with GQG Partners to sell $1 billion worth stake: Report
Vedanta Ltd promoter is in talks to sell a partial stake in the mining major to Rajiv Jain-led GQG Partners in a deal worth $1 billion, ETNow news channel reported, quoting sources. The final talks for a potential stake...
