Hero MotoCorp announced that it will purchase of additional shares of Ather Energy Pvt. Ltd., an associate company, from an existing shareholder. Ather, an existing Associate company of Hero MotoCorp Limited (HMCL), is...
NCLT allows Reliance Communications to substitute its resolution applicant
The National Company Law Tribunal (NCLT) Mumbai has allowed Reliance Communications (Rcom) to substitute its resolution applicant under the resolution plan submitted by the bankrupt telco. Rcom had changed its...
Kunal Shah-backed Anq acquires Kiwimoney
Anq, a new age digital banking platform has acquired Kiwimoney, a lending platform for the healthcare industry for an undisclosed sum. Kiwimoney founded by Shrikant Bhalerao is in the business of proprietary loan...
Superfood startup Nourish You acquires vegan brand One Good
One is into superfoods, the other is into vegan fare. Both have unusual names, love animals and want to save the planet. And now, the superfoods maker has gobbled the vegan brand. Superfood startup Nourish You on...
Crest Data promoters tap PE funds for first stake sale
Promoters of Ahmedabad-based Crest Data Systems are looking to sell a 25-30% stake in the data analytics and cyber security company to private equity funds, said three people with knowledge of the development. The...
Fairfax India acquires additional 7% stake in Bengaluru airport
Fairfax India Holdings Corp., led by Canadian billionaire Prem Watsa, has acquired an additional 7% share in Bangalore International Airport Ltd from Siemens Project Ventures GmbH, a division of Siemens Financial...
M2P Fintech acquires Goals101 for ₹250 crore
M2P Fintech, a digital banking infrastructure company, has acquired Goals101, a firm specializing in transaction behavioural intelligence, for approximately ₹250 crore. The move will enhance M2P Fintech’s data...
India’s Tata Capital eyes fashion brand Rare Rabbit at $300 mln valuation – sources
India’s Tata Capital is looking to purchase a roughly 13% stake in premium domestic fashion brand Rare Rabbit at a valuation of $300 million, as it seeks to bet on the country’s affluent shoppers, three...
NCLT admits IIFL Finance’s claim against Satra Properties as financial debt
The National Company Law Tribunal (NCLT) has accepted an application of IIFL Finance to admit its claim against Satra Properties under the category of financial debt in an ongoing case between the property developer and...
Cognizant plans to sell office assets in Hyderabad, Chennai
Software services firm Cognizant Technologies intends to sell its office assets in Hyderabad and Chennai as part of its strategy to become asset-light and capitalise on non-core real estate. The company plans to divest...
Supreme Court to hear insolvency plea against Zee promoters, issues notices
The Supreme Court has issued notices to two promoter companies of Zee Entertainment Enterprises Ltd, agreeing to hear a plea filed by IDBI Trusteeship Services for insolvency proceedings. IDBI Trusteeship had challenged...
Celebrity management agency Matrix merges with Bling Entertainment
Bling Entertainment, led by partners Swati Iyer, Piya Sawhney and Shanti Sivaram, has merged with another celebrity platform, Matrix, in a move indicating consolidation in India’s growing celebrity management industry...
