JSW Infrastructure on Monday said it has signed an agreement with SP Port Maintenance, a Shapoorji Pallonji Group company, to acquire majority stake in PNP Maritime Services (PNP Port). The agreement is to acquire over...
Exams trainer Allen acquires edtech platform Doubtnut to improve technology
Exams trainer Allen Career Institute has acquired Doubtnut, an education technology platform that uses artificial intelligence, for an undisclosed amount. Sources said the deal is worth around $10 million. Allen said...
NCLAT to hear IDBI’s insolvency plea against Zee Entertainment today
A three-member bench of the National Company Law Appellate Tribunal (NCLAT) is scheduled to hear the plea of IDBI Bank seeking to initiate insolvency proceedings against Zee Entertainment on December 6 (today). The case...
SpiceJet gets some respite as NCLT dismisses Willis Lease plea for insolvency
In some relief for SpiceJet, the National Company Law Tribunal on Monday dismissed a plea by aircraft lessor Willis Lease Finance Corp. to initiate insolvency proceedings against the cash-strapped airline. But apart...
Infra.Market sells 10% stake in RDC Concrete for $20 million
Construction materials provider Infra.Market has sold 10% of its stake in its subsidiary RDC Concrete for $20 million, to public market investors led by Ashish Rameshchandra Kacholia. Ace investor Kacholia is known to...
NCLT junks insolvency plea against SpiceJet
The National Company Law Tribunal on Monday dismissed the insolvency petition filed by Willis Lease Finance Corporation against budget airline SpiceJet. Willis Lease Finance Corporation had filed a petition under...
JSW Infrastructure to buy majority stake in PNP Port for ₹270 crore
JSW Infrastructure said that it will acquire a majority stake in PNP Maritime Services (PNP Port) from Shapoorji Pallonji (SP) Group for a cash payment of ₹270 crore. PNP Port operates multi-purpose jetties at Shahbaj...
Airtel promoter co BTL increases stake in telco to 39.59% via Rs 8,301.73 cr block deal
Bharti Telecom Ltd (BTL), the key promoter company of Bharti Airtel, has boosted its holding in the Sunil Mittal-led telco to 39.59% by acquiring an additional 1.35% stake from another promoter group entity, Indian...
L&T Finance announces completing merger of 3 subsidiaries with itself
L&T Finance Holdings (LTFH), a non-banking financial company (NBFC), announced it had completed the merger of three subsidiaries with itself for “superior governance” and growth. All lending businesses of the...
Tata Power acquires Bikaner-Neemrana Transmission Project
Tata Power said it has acquired Bikaner-Neemrana Transmission Project through a bidding process. Bikaner-III Neemrana-II Transmission Ltd is a special purpose vehicle (SPV) set up by PFC Consulting, for the project. The...
Tata Steel completes merger of S & T Mining Company with itself
Tata Steel said it has completed the merger of S & T Mining Company Ltd with itself. The scheme of amalgamation of S & T Mining Company Ltd (‘S&T Mining’) into and with Tata Steel Ltd was...
Best Agrolife acquires 99% stake in Kashmir Chemicals
Agri input manufacturing company Best Agrolife Ltd. (BAL) has made a strategic investment in Kashmir Chemicals and acquired a 99% stake in the company. This move is aimed at expanding its manufacturing capacity in...
