Tata Steel Long Products Ltd on Thursday said the National Company Law Tribunal (NCLT) has approved the amalgamation of the company with Tata Steel Ltd. Tata Steel is to merge Tata Steel Long Products and six other...
Wipro announces merger of 5 subsidiaries with parent, cites 4 reasons
Bengaluru-based top IT services major Wipro announced the merger of five of its wholly-owned subsidiaries with and into parent entity Wipro Limited. The decision to merge Wipro HR Services, Wipro Overseas IT Services...
Tata Motors to acquire 27% stake in logistics startup Freight Tiger for Rs 150 crore
Tata Motors Ltd said it will buy a 26.79% stake in digital logistics solutions platform Freight Tiger for Rs 150 crore, with an additional investment of Rs 100 crore planned over the next two years. Freight Tiger...
PTC India approves ONGC’s bid to buy PTC Energy for ₹925 crore
PTC India at its board meeting approved ONGC’s bid to acquire its subsidiary PTC Energy Limited for ₹925 crore. In an exchange filing, PTC India said, “PTC India in its Board Meeting held on 19 October has...
NCLT admits insolvency plea against Supertech ORB
Supertech ORB, which is constructing ultra-luxury high-rise residential apartments in the southeastern suburbs of Delhi-NCR, has been admitted for bankruptcy resolution, potentially delaying possession for homebuyers in...
JM Baxi Group promoter moves HC over stake buy in arm by Hapag-Lloyd
Vir Kotak, one of the promoters of JM Baxi Group, has approached the Bombay High Court, seeking to intervene in the German shipping major Hapag-Lloyd AG’s acquisition of the stake in JM Baxi Ports & Logistics Ltd...
Orient promoter CK Birla taps Adani for cement business sale
Industrialist CK Birla has approached Gautam Adani to sell his promoter stake in listed Orient Cement after rejecting initial offers from other domestic players for failing to meet his valuation demand, people aware of...
A91 Partners-backed VideoVerse buys Optikka
A91 Partners-backed VideoVerse, a video editing platform, has bought AI-based design system Optikka for an undisclosed sum, marking its second acquisition this year. The deal will help VideoVerse expand its media...
Sony, ZEEL hope to close merger by November
Sony Group Corp’s India unit and Zee Entertainment Enterprises Limited (ZEEL) expect to close the pending merger deal – billed as one of the biggest in the country’s media industry – as early as...
Govt to sell up to 7% stake in HUDCO through an offer for sale this week
The Indian government will sell up to a 7% stake in state-run housing finance company, Housing and Urban Development Corp., through an offer for sale this week, according to a filing with the stock exchange. The plan...
IDFC gets CCI nod for merger with IDFC First Bank
The Infrastructure Development Finance Company (IDFC) has received approval from the Competition Commission of India (CCI) for its merger with IDFC First Bank, a regulatory filing stated on October 17. “…the CCI...
Maruti Suzuki to fully acquire Gujarat car unit in $1.54 bn share-swap deal
Maruti Suzuki India Ltd (MSIL), the country’s largest carmaker, on Tuesday said that it will issue shares worth ₹12,841 crore ($1.54 billion) to its parent Suzuki Motor Corp. to fully acquire Suzuki Motor Gujarat...
