Hotelier Vikram Puri has acquired an all-suite hotel in Goa from Sun Estates for about Rs 60 crore, according to two people with knowledge of the transaction. The property is located in Candolim, with suites sized 485...
Tata mulls sale of Voltas home appliances business – Bloomberg News
Tata Group is considering selling the home appliances business of Voltas, in which it has a nearly 30% stake, as the conglomerate expects difficulties in scaling it up in a competitive market, Bloomberg News reported on...
Mankind Pharma and Baidyanath Ayurveda in race for government’s IMPCL
Mankind Pharma and Baidyanath Ayurveda are among the companies that have submitted expressions of interest (EoIs) to acquire 100% of government-owned Ayurveda company Indian Medicines Pharmaceutical Corporation (IMPCL)...
NCLT admits Aditya Birla Finance’s insolvency plea against Siti Broadband Services
The National Company Law Tribunal (NCLT) has admitted Siti Broadband Services, a subsidiary of Essel Group-owned cable TV and broadband company Siti Networks, into the corporate insolvency resolution process following a...
Reliance Retail acquires beauty business of Arvind Fashions, to run Sephora
Reliance Retail will now operate Sephora in India as Arvind Fashions Limited (AFL) has signed definitive agreements with Reliance Beauty & Personal Care Limited (RBPCL) to sell its wholly owned subsidiary Arvind...
Adani in talks to exit JV with Wilmar
Adani Group is in talks with multiple multinational consumer goods companies to sell its entire 43.97% stake in Adani Wilmar Ltd, which owns the Fortune brand of edible oils and packaged grocery, said executives...
IOC acquires Mercator Petroleum for Rs 148 crore
State-owned Indian Oil Corporation (IOC) has acquired Mercator Petroleum for about Rs 148 crore in an insolvency proceeding, according to regulatory filings by the company. “The resolution plan submitted by IOC...
Raymond Group to acquire 59.25% stake in Maini Precision for Rs 682 cr
Raymond Group on Friday announced the acquisition of 59.25 per cent stake in Maini Precision Products Limited (MPPL) for Rs 682 crore funded by a mix of debt and internal accruals. The transaction will be subject to...
NCLT admits insolvency plea against Compuage Infocomm
The Mumbai bench of the National Company Law Tribunal (NCLT) on Friday admitted a plea seeking insolvency process against Compuage Infocomm. Plus Plus Unified Engagement, one of the financial creditors to the company...
NCLT admits Aditya Birla Finance’s insolvency plea against Siti Broadband Services
The National Company Law Tribunal (NCLT) has admitted Siti Broadband Services, a subsidiary of Essel Group-owned cable TV and broadband company Siti Networks, into the corporate insolvency resolution process following a...
Jet Airways insolvency: NCLAT adjourns hearing to Nov 9
Insolvency appellate tribunal NCLAT on Wednesday adjourned the hearing on the Jet Airways matter to November 9 over the issue of transfer of ownership of the grounded air carrier to the Jalan Kalrock Consortium (JKC)...
Tata Consumer to merge 3 wholly-owned subsidiaries – NourishCo, SmartFoodz and Soulfull
Tata Consumer Products Ltd said it would merge its three wholly-owned subsidiaries — NourishCo Beverages, Tata SmartFoodz and Tata Consumer Soulfull — to ensure “more effective utilisation of the...
