The government has sought expression of interest for selling its full equity holding in Indian Medicines Pharmaceutical Corporation Limited (IMPCL) under the ministry of Ayush, through strategic disinvestment where the...
Rejové Aligners acquires majority stake in 32 WATTS
Delhi-based clear dental aligner company, Rejové Aligners said it has acquired a majority stake for an undisclosed amount in 32 WATTS, a clear aligner brand. The company said it aims to revolutionize orthodontic...
JSW may buy Ford’s shut Chennai plant
The Sajjan Jindal-led JSW Group is in advanced talks to acquire the shuttered Chennai factory of Ford Motor Co. for its planned entry into electric-vehicle (EV) space, two people aware of the matter said. “Talks started...
Schaeffler India to fully acquire auto spare parts platform Koovers for Rs 142.4 cr
Schaeffler India Ltd said it will fully acquire KRSV Innovative Auto Solutions Pvt Ltd, an automotive aftermarket spare parts platform, for Rs 142.4 crore. Bengaluru-based KRSV Innovative Auto Solutions, which operates...
Dalmia Bharat draws closer to taking over Birla Tyres
Dalmia Bharat Group is set to acquire Birla Tyres after creditors approved their resolution plan that proposes partial repayment of ₹1,100 crore of bank loans of the BK Birla Group company undergoing insolvency...
NCLAT gives Jalan-Kalrock consortium time till 30 Sep to clear ₹350 crore dues to Jet Airways lenders
The National Company Appellate Tribunal (NCLAT) gave Jalan-Kalrock consortium, the successful bidder for Jet Airways, time till 30 September to clear dues worth ₹350 crore to lenders of the grounded airline. The...
Punj Llyod fails to get bids in second auction
Debt-ridden Punj Lloyd has failed to secure bids in the second e-auction held for the sale of the engineering company as a going concern, people familiar with the matter said. “Auction has failed as two or three...
Reliance Capital sells 45% stake in home finance arm for Rs 54 crore
Reliance Capital sold a 45% stake in listed subsidiary Reliance Home Finance for Rs 54 crore in the open market, a move that will improve recovery for lenders. Reliance Capital, an erstwhile Anil Ambani’s finance...
SC refuses to restrain NCLT’s insolvency proceedings in Reliance Capital case
The Supreme Court on Friday refused to restrain the National Company Law Tribunal from deciding the insolvency resolution process of Reliance Capital. The committee of creditors of debt-ridden Reliance Capital had in...
IndiGrid completes acquisition of Virescent Renewable Energy Trust
Infrastructure investment trust India Grid Trust said it has completed the acquisition of Virescent Renewable Energy Trust (VRET). India Grid Trust said the enterprise value is not exceeding Rs 4,000 crore, subject to...
RIL may sell 8-10% more in Rel Retail ventures to fund expansion
Reliance Industries is likely to sell another 8-10% stake in Reliance Retail Ventures Ltd (RRVL) to fund expansion, retire debt and prepare for the initial public offering of the conglomerate’s retail business...
NCLT okays Ramkrishna Forgings’ bid to acquire Amtek Group arm
The bankruptcy court has approved Kolkata-based Ramkrishna Forgings’ bid to acquire Amtek Group’s listed subsidiary JMT Auto through the corporate insolvency resolution process. Ramkrishna Forgings, also a...
