PE fund Blackstone-owned hospital platform Quality Care (QCIL) has signed an agreement to acquire KIMS Health Management (KHML), Kerala’s leading hospital chain, valuing the business at ₹3,300 crore ($400...
JSW infra in talks to buy SP Group arm Gopalpur Ports for Rs 3,000 crore
JSW Infrastructure is in talks to buy Shapoorji Pallonji’s (SP) ports arm, Gopalpur Ports, at an estimated enterprise value of Rs 3,000 crore that includes the company’s debt, according to people familiar...
GMR Airports, affiliates to buy 11% additional stake in Hyderabad airport
India’s GMR Airports and its affiliates will buy an additional 11% stake in GMR Hyderabad International Airport from Malaysia Airports Holding Berhad’s unit, the company said in a statement. GMR Airports...
Tech Mahindra board approves merger by absorption of 3 subsidiaries
The board of directors of Tech Mahindra has approved the merger by Absorption of 3 subsidiaries of the firm and their respective shareholders. This announcement came alongside the company’s September quarter...
NCLT admits insolvency plea against Precision Realty Developers
The National Company Law Tribunal (NCLT) has admitted a petition filed by Phoenix Asset Reconstruction Company to initiate Corporate Insolvency Resolution Process (CIRP) against real estate company Precision Realty...
ONGC wins bid to acquire PTC’s wind power unit for Rs 925 cr
Oil and Natural Gas Corporation (ONGC) has won a bid to acquire PTC India Ltd’s wind power unit for Rs 925 crore as the state-owned firm continues to build a renewable energy portfolio to balance its fossil fuel...
Bankruptcy court approves Himadri-Dalmia plan for Birla Tyres
The bankruptcy court has approved the proposal from a consortium of Himadri Speciality Chemical and Dalmia Bharat Refractories to acquire Kolkata-based Birla Tyres. Lenders of Birla Tyres had earlier cleared the...
Hindustan Zinc to submit demerger proposal to board in 4-6 weeks
Hindustan Zinc Ltd will take forward its proposal for a demerger to the board in around four-six weeks once final recommendations from the consultants are in, chief executive officer Arun Misra said. Late last month...
NCLT Hyderabad initiates insolvency proceedings against GVK Gautami Power
The Hyderabad bench of National Company Law Tribunal (NCLT) has initiated insolvency proceedings against GVK Gautami Power Ltd, according to a regulatory filing. In the filing, GVK Power & lnfrastructure Ltd...
Kotak Mahindra gets RBI nod to acquire Sonata Finance for ₹537 crore
Kotak Mahindra, on Friday, received approval from the Reserve Bank of India to acquire Sonata Finance for ₹537 crore, the company said in its filing on Friday. The bank had announced to acquire 100% stake of the Non...
Birla Tyres insolvency: NCLT approves joint offer of Himadri Speciality Chemical, Dalmia Bharat Refractori
Himadri Speciality Chemical Ltd on Thursday said the National Company Law Tribunal has “verbally” approved the joint resolution plan submitted by the company and Dalmia Bharat Refractories Ltd to acquire...
Tata Steel to pick up 26 per cent stake in Tata Power renewable arm
Tata Steel will acquire a 26% stake in TP Vardhaman Surya, a wholly-owned subsidiary of Tata Power Renewable Energy, as a part of its plan to reduce carbon emissions to nil by 2045. The steel-maker will also get into a...
