Patanjali Ayurved has made a late bid to acquire the debt-laden Rolta India with an all-cash offer of about ₹830 crore, just days after Pune-based Ashdan Properties was declared the highest bidder by banks late last...
Govt likely to push for Air India units’ stake sale in FY25
The Centre will make a push for selling its shares in Air India’s erstwhile subsidiaries in FY25, said a top official, but the privatization of Container Corporation of India is unlikely to see any traction soon. “The...
Reliance’s Viacom18 likely to pick up 50% stake in Disney India
Reliance continues to be in talks with Disney India to merge the American entertainment giant’s local businesses with Viacom18, with the Ambani-led company likely pick up atleast a 50% stake in the merged entity...
Restrain ZEE from seeking relief from NCLT or other courts: Sony to SIAC
Sony Group-owned entities Culver Max Entertainment and Bangla Entertainment have urged the Singapore International Appellate Tribunal (SIAC) to restrain Zee Entertainment Enterprises (ZEE) from seeking legal remedies...
Bajaj Finserv health arm acquires Vidal Healthcare valued at Rs 325 crore
Bajaj Finserv Health, a wholly-owned subsidiary of Bajaj Finserv, on Tuesday acquired an entire stake in Vidal Healthcare Services at an enterprise value of Rs 325 crore. The Pune-based healthtech firm has a network of...
Zee shareholder moves NCLT seeking implementation of merger with Sony
The Mumbai bench of the National Company Law Tribunal (NCLT) gave Sony Group Corp. entities three weeks to respond to a plea filed by a shareholder of Zee Entertainment Enterprises seeking the implementation of the...
NCLT clears J Kumar infra’s bid to buy Pranav Construction
The bankruptcy court has approved listed infrastructure firm J Kumar Infraprojects’ bid to acquire Pranav Construction Systems Pvt Ltd. As part of the insolvency process, J Kumar Infraprojects has proposed to pay...
NCLT admits Four Care Hospital on StanChart Bank’s application
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted city-based Four Care Hospital under the Corporate Insolvency Resolution Process (CIRP) in an application filed by Standard Chartered Bank. The...
Piramal Enterprises to sell full 20% stake in Shriram Investment Holdings for Rs 1,440 crore
Piramal Enterprises will sell its entire stake of 20% in Shriram Investment Holdings Private Limited to Shriram Ownership Trust for Rs 1,440 crore, with the transaction expected to be completed by the end of this...
NCLT admits Four Care Hospital on StanChart Bank’s application
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted city-based Four Care Hospital under the Corporate Insolvency Resolution Process (CIRP) in an application filed by Standard Chartered Bank. The...
Shri Ram Multicom to acquire Sarga Hotels under IBC
Hemant Kanoria-promoted Sarga Hotels, which operates a five-star hotel under the Westin brand in Kolkata, will be acquired by Shri Ram Multicom under the Insolvency and Bankruptcy Code (IBC) process. The Kolkata bench...
LIC gets RBI approval to acquire 9.99% holding in HDFC Bank
The Reserve Bank of India on Thursday approved state-run insurer Life Insurance Corporation of India’s (LIC) application to acquire a 9.99% aggregate holding of paid-up share capital in HDFC Bank. “Pursuant...
