The National Company Law Tribunal (NCLT) has admitted men’s grooming and personal care firm Supermax Personal Care under the insolvency resolution process and appointed Kshitiz Gupta as the interim resolution...
NCLT approves merger of Tata Metaliks with parent; not to announce separate quarterly results
The National Company Law Tribunal has sanctioned the amalgamation of Tata Metaliks Ltd into its parent Tata Steel, which led to the cancellation of board meeting ahead of financial results announcement of the subsidiary...
Tata Consumer set to acquire Capital Foods, Organic India
Tata Consumer Products Ltd (TCPL) is all set to announce two marquee transactions – the acquisitions of Capital Foods Pvt Ltd, the maker of condiments, food products, and ingredients under the Ching’s Secret and...
NCLAT rejects plea to initiate insolvency proceedings against Aditya Birla Fashion
The National Company Law Appellate Tribunal (NCLAT) dismissed a plea of an operational creditor to initiate insolvency proceedings against Aditya Birla Fashion and Retail Ltd (ABFRL). The appellate tribunal upheld the...
Indian media landscape set for a shake-up, with or without M&As
The likely coming together of Reliance Industries Chairman Mukesh Ambani’s Viacom18 with Walt Disney’s India operations, and clarity over the long-drawn Zee-Sony merger deal could reshape the country’s entertainment...
Tuticorin Coal Terminal: NCLAT dismisses plea by Jindal Power
National Company Law Appellate Tribunal (NCLAT) Monday dismissed an appeal by Jindal Power Limited against Mumbai National Company Law Tribunal (NCLT) ruling that disallowed the company from submitting a resolution plan...
ACC buys remaining 55% in Asian Concretes at Rs 775 cr enterprise value
ACC Ltd has acquired the remaining 55% stake in Asian Concretes and Cement at an enterprise value of 775 crore rupees. With this buyout, the company will add 2.8 million to its existing production capacity, taking it to...
Zee-Sony merger may be called off, termination notice to be filed by Jan 20
The Sony group is planning to call off the merger pact with Zee Entertainment Enter–prises, capping two years of drama and delay in creating a $10 billion media giant, said people familiar with the matter. The Japanese...
Encore ARC acquires IndoStar Capital’s distressed loan book of Rs 292 crore
Brookfield and Everstone-backed IndoStar Capital Finance sold Rs 292 crore worth of stressed asset portfolio to Encore Asset Reconstruction Company (ARC) in a deal which involved a senior-junior arrangement between the...
Adani-owned ACC acquires Asian Concretes and Cements at enterprise value of Rs 775 crore
Adani-owned ACC Limited on Monday announced that it has completed the acquisition of Asian Concretes and Cements Private Limited, having bought the remaining 55 percent stake – valued at Rs 425.96 crores –...
NCLAT rejects Authum Investment plea challenging resolution of Srei companies
The National Company Law Appellate Tribunal has dismissed an appeal by non-bank financier Authum Investment and Infrastructure challenging a bankruptcy tribunal order that had rejected its objections to a resolution...
Amber Group acquires 60% stake in Ascent Circuits
ILJIN Electronics, an Amber Group company, has acquired 60% stake in Ascent Circuits Pvt. Ltd. This will help Amber boost its electronic manufacturing services (EMS) portfolio by increasing its local value addition and...
