Vedanta Ltd’s plan to demerge its businesses could overshoot its timeline of 12-15 months given the likely lender scrutiny, experts said, pointing to the complexities associated with the proposed value-unlocking...
NCLAT suspends its judgement in Finolex matter after Supreme Court’s order for enquiry
The National Company Law Appellate Tribunal (NCLAT) suspended its order passed last Friday, pertaining to disclosure of the results of the AGM of Finolex Cable, after it faced an enquiry by the Supreme Court in the...
No plans to dilute stake in Rajasthan Royals: Manoj Badale
Emerging Media Ventures, the owner of Indian Premier League (IPL) team Rajasthan Royals (RR), has no intention of selling a portion of its controlling stake in the franchise despite interest from private equity and...
JK Paper to acquire Manipal Utility Packaging Solutions for Rs 90 crore
JK Paper Ltd said it will fully acquire Manipal Utility Packaging Solutions Pvt Ltd for nearly Rs 90 crore. The company has entered into a share purchase agreement (SPA) for the acquisition of 100 per cent shares of...
Bajaj Finance acquires 26% stake in Pennant Technologies for ₹267.50 crore
Bajaj Finance on Tuesday, October 17 announced that it had acquired up to 26 per cent equity stake in Pennant Technologies Private Limited for about ₹267.50 crore. Pennant is a technology product company, engaged in...
Proptech firm Blox to buy controlling stake in Justo
The artificial intelligence-powered proptech company Blox is set to acquire a controlling stake in Justo, a mandate brokerage firm with deep presence across Maharashtra, at an enterprise value of ₹350 crore. The...
Amalgam steel’s acquisition of topworth gets NCLT nod
The bankruptcy court has approved the acquisition of Topworth Steel and Power Pvt Ltd by Amalgam Steel and Power Limited. The company had admitted liability of about ₹3,499 crore, whereas the successful bidder proposed...
NCLT okays Steel Strips Wheels’ acquisition of AMW Autocomponent
The National Company Law Tribunal (NCLT) has approved the acquisition of AMW Autocomponent by listed automotive wheels manufacturer Steel Strips Wheels. The company had admitted liability of over ₹1,675 crore, whereas...
Zee-Sony merger: NCLAT adjourns hearing over IDBI, Axis Finance plea to Oct 31
The NCLAT on Friday adjourned the hearing to October 31 on pleas filed by IDBI Bank and Axis Finance against the merger of Zee Entertainment Enterprise with Culver Max Entertainment, formerly Sony Pictures Networks...
Westbridge Capital buys stake in Meesho
Westbridge Capital has acquired 1.5% of Meesho at a valuation of $3.5 billion, two people with knowledge of the deal said. The investment firm acquired the stake from Meesho’s seed investor, Venture Highway. Venture...
Tata Motors to sell 9.9% stake in Tata Tech for ₹1,614 crore
Tata Motors on 13 October announced to sell its 9.9 percent in Tata Technologies Limited (TTL) for an aggregate consideration of ₹1,614 crore, it said in a stock regulatory filing. The automotive major entered into...
PFC, REC seek DIPAM nod for debt resolution plan for KSK Mahanadi
Power Finance Corporation Ltd and REC Ltd have sought approval from the Department of Investment and Public Asset Management or DIPAM for a debt resolution plan for KSK Mahanadi Power project, which is currently under...
