Competition Commission on Wednesday closed a case against Tata Motors on alleged abuse of dominant position with respect to agreements with its authorised dealers. For this case, the market for the manufacture and sale...
Reliance Industrial Investments becomes RIL promoter, buys 3.56% in Petroleum Trust
Reliance Industrial Investments and Holdings Limited (RIIHL) has become the promoter entity of Reliance Industries Limited, following the acquisition of a 3.56% stake in Petroleum Trust, another promoter entity...
Future Group companies moves to Delhi HC against a debt recovery tribunal order
The Future Group companies moved the Delhi High Court against a debt recovery tribunal’s July 31 order that restrained them from alienating their assets in recovery proceedings initiated by lenders. A bench led by...
Torrent joins fray for Hamied family stake in Cipla, up against Blackstone and Baring PE
In what would be its boldest move as yet, Torrent Pharma has joined the fray to buy out the Hamied family, the promoters of Cipla – a company that is more than double (2.3x) its FY23 consolidated revenues, and 2.3 times...
Welspun Enterprises acquires 50.10% stake in Michigan Engineers for Rs 137 crore
Welspun Enterprises Limited (WEL), the infrastructure development arm of Welspun World, has acquired a 50.10% stake in Michigan Engineers Private Limited (MEPL), an EPC company in the urban water infrastructure segment...
Jet Airways insolvency case: NCLAT reserves order on Jalan-Kalrock Consortium’s plea
The National Company Law Appellate Tribunal (NCLAT) reserved its order on Jalan-Kalrock Consortium’s plea seeking more time to make payments to the lenders of the bankrupt Jet Airways. The consortium had emerged...
Lupin acquires two diabetes brands from Boehringer Ingelheim
Lupin said it has acquired diabetes brands Ondero (linagliptin) and Ondero Met (linagliptin and metformin) from Boehringer Ingelheim including the trademark rights associated with these brands for 26 million euros (Rs...
NCLT approves Vedanta’s acquisition of Meenakshi Energy at Rs 1,440 crore
Vedanta, led by Anil Aggarwal, has received the National Company Law Tribunal’s (NCLT) green light for its strategic acquisition plans. The focus of this acquisition is Meenakshi Energy, an entity entrenched in...
IDBI divestment unlikely this fiscal
The proposed sale of the government’s stake in IDBI Bank is unlikely to happen this fiscal, two people with direct knowledge of the matter said, posing a challenge to the Centre’s ability to meet the ₹51,000 crore...
Titan Co acquires another 27.18% stake in CaratLane for ₹4,621 crore
Watch and jewellery retailer Titan Company Ltd. has increased its shareholding in CaratLane Trading Private Ltd. to 98.28% from 71.09%, paying ₹4,621 crore for the additional stake buy, the company said in a filing to...
Ayana Renewable investors plan stake sale to raise up to $800m
Investors in Ayana Renewable Power plan to offload a part of their stake to raise as much as $800 million (Rs 6,650 crore), with a portion of it to be used for funding the expansion plans of the renewable energy...
Future Retail resolution professional moves NCLT against Kishore Biyani and family alleging fraudulent tra
The Resolution Professional (RP) of Future Retail Ltd (FRL) has filed an application before the NCLT against Kishore Biyani, his brother Rakesh Biyani and eight other entities alleging their involvement in a...
