The National Company Law Appellate Tribunal (NCLAT) has stayed a CCI order that imposed a penalty on state-owned power producer NTPC for not disclosing the acquisition of 35.47 per cent equity share capital in Ratnagiri...
NARCL finalises acquisition of two SREI companies
The National Asset Reconstruction Company (NARCL) has finalised the acquisition of the two SREI companies – SREI Equipment Finance and SREI Infrastructure Finance — under the Insolvency and Bankruptcy Code (IBC)...
Max Healthcare Inst to acquire Starlit Medical Centre at enterprise value of Rs 940 cr
Max Healthcare Institute Ltd said it will fully acquire Starlit Medical Centre Pvt Ltd for an enterprise value of Rs 940 crore thereby giving it the ownership of 550-bedded Sahara Hospital in Lucknow. The company has...
NCLT admits Sahara group subsidiary into insolvency
The National Company Law Tribunal has ordered insolvency proceedings against a Sahara Group subsidiary, deciding that a dispute raised by the company against its creditor was a means to avoid paying its dues. A Mumbai...
Adani closing in to buy Shapoorji Pallonji Group’s Gopalpur Ports in Odisha
Adani Ports and Special Economic Zone, India’s biggest maritime company by market capitalisation, is in advanced talks to acquire Shapoorji Pallonji Group’s (SP) Gopalpur Ports in Odisha for up to Rs 1,100-1,200 crore...
Actis, Mahindra Lifespace to make partial exit worth Rs 120 cr from Mahindra Homes
Global investment major Actis and Mahindra Group’s real estate and infrastructure development arm Mahindra Lifespace Developers are together making a partial exit worth over Rs 120 crore from the latter’s subsidiary...
Uniqus acquires Goodera’s ESG software
Consulting firm Uniqus Consultech Inc. has acquired a specialised software from social impact startup Goodera that it expects will help it win contracts in the environmental, social and governance, or ESG, space. Uniqus...
India’s TV18 Broadcast to merge with Network18 in $1.2 bln deal
India’s TV18 Broadcast will merge with Network18 Media & Investments in a $1.2 billion deal that will help the Reliance-owned companies expand their reach and cut costs, they said on Wednesday. The all-stock...
Indian govt to sell up to 8% stake in IRCON
The Indian government will sell up to an 8% stake in state-run IRCON International this week, the company said in an exchange filing. The plan includes selling 4% of the company, with an option to sell an additional 4%...
Wipro Consumer Care acquires three soap brands from VVF Ltd
Wipro Consumer Care and Lighting (WCCL) has bought three soap brands – Jo, Doy, and Bacter Shield – from VVF Limited, its third acquisition over the past year, part of its wider strategy to expand into newer...
SBI to acquire 20% additional stake in SBI Pension Funds for around Rs 230 crore
State Bank of India said that it will acquire a 20% stake in SBI Pension Funds Pvt Ltd for Rs 229.52 crore. Currently, SBI holds a 60% stake in SBI Pension Funds. The bank will acquire the 20% stake held by SBICAPS, its...
Ambuja Cements completes buyout of Sanghi Industries
Adani Group-owned Ambuja Cements has completed the acquisition of Sanghi Industries for an enterprise value of ₹5,185 crore, boosting the port-to-data centre conglomerate’s total cement production capacity to...
