India Resurgence Fund (Indiarf) announced a Rs 525 crore investment to acquire a majority stake in Punjab-based corporate hospital chain Ivy Health and Life Sciences. The Piramal Enterprises and Bain Capital investment...
IL&FS to sell custody & depository unit
The IL&FS board has put the group’s custody and depository business, IL&FS Securities Services (ISSL), on the block almost five years after IndusInd Bank pulled out of a deal to acquire the entity...
Future Retail: NCLT extends deadline till September 15 for completing insolvency process
The National Company Law Tribunal (NCLT) has extended the deadline to September 15 for completion of the insolvency resolution process of debt-ridden Future Retail Ltd (FRL). The decision came on an application moved by...
Vedanta should buy parent’s African copper biz: Agarwal
Anil Agarwal, the mining tycoon, has suggested that his publicly traded company Vedanta Ltd acquire Konkola Copper Mines from parent Vedanta Resources Ltd, which has regained control of one of the world’s largest copper...
Razorpay acquires digital invoicing, customer engagement startup BillMe
Fintech platform Razorpay, announced the acquisition of BillMe, a Mumbai-based digital invoicing and customer engagement startup, marking the company’s eighth acquisition after it acquired Ezetap last year. With this...
Byju’s to sell Epic, Great Learning to repay $1.2 bn loan
Byju’s has put up kids’ reading platform Epic and higher education platform Great Learning for sale, three people aware of the development said, as the edtech giant tries to raise money and pay off a $1.2 billion loan...
NCLAT dismisses insolvency plea against Wipro
The National Company Law Appellate Tribunal has dismissed a call for insolvency proceedings to be initiated against Wipro. The dispute pertains to the supply of goods for a government project implemented by the tech...
IDBI Trusteeship files insolvency resolution application against Coffee Day Enterprises
Global alternate investment fund manager Ares SSG Capital Management has filed an application with the Bengaluru bankruptcy tribunal to admit Coffee Day Enterprises for corporate insolvency due a Rs 228-crore bond...
How CCI proposes to implement a new regime for merger approvals?
The Competition Commission of India (CCI) is currently soliciting public feedback on the implementation of its overhauled merger approval framework, which received legislative approval earlier this year. Aimed at...
Tata Consumers denies report of buying 51% stake in snack food maker Haldiram’s
The Tata Group’s consumer unit, Tata Consumer Products Ltd has denied the report carried out by news agency Reuters that it is in talks to buy at least 51% of popular Indian snack food maker Haldiram’s but...
lndiaRF to acquire API, CRAMS business of Ind-Swift Labs
IndiaRF, the India-focused investment platform promoted by Piramal Enterprises and Bain Capital, will acquire the active pharmaceutical ingredients (API) and contract research and manufacturing services (CRAMS) business...
Reliance Retail acquires majority stake in Alia Bhatt’s clothing brand Ed-a-Mamma
Reliance Retail Ventures Ltd. (RRVL) has signed a joint venture with Alia Bhatt’s clothing brand of kids and maternity wear, Ed-a-Mamma for a 51% majority stake. ET was the first to report on July 17 on the possible...
