Ananya Birla-led Svatantra Microfin has on Friday completed the acquisition of Sachin Bansal’s Navi Group’s subsidiary Chaitanya India Fin Credit. “It’s official!! This is the moment we formally...
NCLAT to hear pleas challenging Birla Tyres’ resolution plan in Dec-Jan
The National Company Law Appellate Tribunal (NCLAT) on Friday adjourned hearing in a bunch of pleas challenging the approved resolution plan of Birla Tyres. The NCLAT said the pleas will be heard separately during the...
LIC trims stake in Engineers India by 2%, now holds 3%
The insurance behemoth disclosed in a regulatory filing on November 23 that it sold 1.14 crore shares of Engineers India during the period from February 02, 2021, to November 22, 2023, at an average price of ₹118.08...
NCLAT admits SBI plea against Lavasa Resolution
The insolvency process for the bankrupt Lavasa Corporation took a new turn with the principal bench of the National Company Law Appellate Tribunal (NCLAT) allowing a State Bank of India (SBI) petition seeking to set...
NCLT okays 90-day extension for Go First resolution process
The National Company Law Tribunal on Thursday allowed an appeal by the resolution professional of Go First to extend the resolution timeline of the stressed domestic carrier by 90 days till February 4, 2024. The...
CCI approves Titan’s acquisition of additional stake in CaratLane
Fair trade regulator Competition Commission of India (CCI) cleared the acquisition of an additional stake purchased by Titan in CaratLane. CaratLane is engaged in the business of manufacture and sale of gems and...
IDBI Bank share sale unlikely before 2024 general elections: Sources
The Indian government will likely complete the sale of its majority stake in IDBI Bank only after the country’s general elections in mid-2024, said three sources aware of the matter, stretching out a process that...
Space Mantra and Donear Industries submit plans for Future Lifestyle Fashions
Kishore Biyani-promoted Future Lifestyle Fashions (FLFL) that ran the Central and Brand Factory stores has received two resolution offers, one each from scrap dealer Space Mantra and fashion retailer Donear Industries...
Bizongo acquires Titan Capital-backed FactoryPlus
Tiger Global-backed vendor digitisation platform Bizongo on Tuesday said it has acquired Titan Capital-backed FactoryPlus, a factory digitisation app for micro, small and medium enterprises (MSMEs). The acquisition will...
Sebi moves SC over SAT order in Diageo’s United Spirits buy
The Securities and Exchange Board of India (Sebi) has moved the Supreme Court (SC) challenging an appeals court verdict in British alcoholic beverage maker Diageo Plc’s 2012 acquisition of United Spirits Ltd (USL), a...
MedAlliance acquired by Cordis for $1.13 billion
Swiss-based medical technology company MedAlliance has announced acquisition by Cordis for $1.13 billion. Cordis will play a pivotal role in the marketing, distribution, and global accessibility of MedAlliance’s...
NCLT approves resolution plan for Television Home Shopping Network
The National Company Law Tribunal (NCLT) has approved a proposal jointly submitted by luggage manufacturer Goblin India and financial services firm Khandwala Finstock for the acquisition of bankrupt Television Home...
