Fair trade regulator CCI on Tuesday granted approval for the acquisition of Lanco Amarkantak Power by PFC Projects, REC, SJVN and Damodar Valley Corporation. PFC Projects, which is into electricity generation and...
Vedanta to sell all its steel assets by March 2024: Anil Agarwal
India’s Vedanta Ltd is planning to complete the sale of its steel assets by March 2024, group chairman Anil Agarwal told CNBC TV 18 on Tuesday. The company began the review of its steel and steel raw material...
Future Retail lenders reject Space Mantra’s bid; NCLT extends insolvency period for 15 days
The lenders of Future Retail Ltd have rejected the bid submitted by Space Mantra for the debt-ridden firm, which is currently going through Corporate Insolvency Resolution Process (CIRP). The Resolution Plan submitted...
VIP Industries promoters explore stake sale
The promoters of VIP Industries Ltd are considering selling their stake in India’s largest luggage and travel accessories maker, two people familiar with the development said. The deal, including a potential open offer...
Uno Minda to enhance stake in JV firm to 76 per cent
Auto components maker Uno Minda said its board has approved enhancing stake in a joint venture firm to 76 per cent. The company’s board has approved increasing stake in Minda Westport Technologies Ltd (MWTL) from...
Vedanta to demerge into six listed companies
Resources conglomerate Vedanta, which faces bond redemptions exceeding $3 billion over the next 18 months at its UK-based holding company, Friday said it would demerge into six listed companies to undergird the...
EKI Energy Services picks up 26% stake in WOCE Solutions for Rs 80 lakh
EKI Energy Services Ltd on Friday said it has completed the acquisition of a 26 per cent stake in WOCE Solutions Private Limited (WOCE) for around Rs 80 lakh. In March 2023, its Board of Directors approved to subscribe...
Zee-Sony merger: Deal completion expected to take a few more months
The Zee Entertainment-Sony Pictures merger is expected to be delayed further. The merger, which had been announced in December 2021 and was approved by the National Company Law Tribunal (NCLT) in August 2023, is still...
Saregama India Ltd to acquire 6.61 lakh shares of Pocket Aces Pictures for Rs 174 crores
Saregama India Limited, India’s oldest music label company, announced that it will acquire 6.61 lakh shares of Pocket Aces Pictures Private Limited at a value of Rs 174 crores through secondary acquisition, said...
Emami acquires stake in Axiom Ayurveda, enters health juice segment
Homegrown FMCG major Emami Ltd. announced entering the health juice category, with the acquisition of a 26% stake in Axiom Ayurveda Pvt Ltd., which markets a range of beverages under the brand name AloFrut. The deal...
Shree Renuka to acquire 100% stake in Anamika Sugar Mills for Rs 235 cr
Shree Renuka Sugars said it has entered into an agreement to acquire a 100 per cent stake in Anamika Sugar Mills for Rs 235.5 crore. Renuka Sugars is one of the leading sugar firms in the country. In a regulatory...
DB Realty to acquire stakes in 3 hotels for more than Rs 2,300 cr
Mumbai-based D B Realty Ltd on Monday said it will acquire shares in Bamboo Hotel Global Centre, Goan Hotels & Realty and BD And P Hotels for more than Rs 2,300 crore. These deals fall into related party...
