Eye care hospital chain Dr Agarwals Health Care has raised about Rs 650 crore from the TPG Growth and Singapore’s sovereign wealth fund Temasek, within a year of raising Rs 1,050 crore from them in an earlier...
Dadheech Infra case: NCLAT upholds insolvency proceedings; flags delay by NCLT in pronouncing verdict
The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed a petition against the NCLT order allowing the initiation of insolvency resolution proceedings against Dadheech Infrastructures. While upholding...
BHEL challenges REC’s plea for HEL insolvency
State-run Bharat Heavy Electricals has challenged an insolvency petition filed against West Bengal-based coal power producer Hiranmaye Energy, as it will “stall” BHEL’s efforts to enforce a ₹388.4...
JSW Steel may pick majority stake in Teck Coal unit
JSW Steel Ltd. is looking to form a consortium to bid for a majority stake in Teck Resources Ltd.’s steelmaking coal business, people with knowledge of the matter said, potentially rivalling an $8 billion offer from...
NCLT approves Steamline Industries’ acquisition by a consortium of Invent Assets
The consortium of Invent Assets Securitisation & Reconstruction Company Pvt Ltd and GMT Pipes & Tubes Pvt Ltd’s bid to acquire Mumbai-based steel pipe manufacturer Steamline Industries Ltd is approved by the...
RBI rejects Cred bid to boost stake in Newtap Fin
Cred’s attempt to increase its stake in a non-banking finance company founded by Kunal Shah has run into hurdles, with the Reserve Bank of India rejecting the Bengaluru-based fintech’s application, two people familiar...
Srei twins resolution plan: Authum appeals against NCLT order
Authum Investment & Infrastructure, the losing bidder in the takeover battle for the Srei twins has appealled against the National Compay Law Tribunal (NCLT) order approving the resolution plan of the National Asset...
NCLT approves Vedanta’s bid to acquire Meenakshi Energy
Vedanta’s bid to acquire Meenakshi Energy through the insolvency resolution process was approved by the Hyderabad National Company Law Tribunal last week. The Anil Agarwal company offered ₹1,440 crore against...
Govt considering part-sale of IRFC stake through offer-for-sale route
The government is considering a proposal to offload a part of its 86.36% stake in state-owned Indian Railway Finance Corp (IRFC) through the offer-for-sale (OFS) route this fiscal year, an official said. An inter...
Future Retail resolution professional moves NCLT to seek extension of insolvency deadline till Sept 15
The resolution professional (RP) of Future Retail Ltd has approached the National Company Law Tribunal (NCLT), seeking a further extension till September 15 to complete the corporate insolvency resolution process (CIRP)...
Hyundai Motor to acquire General Motors’ Talegaon plant
Hyundai Motor India, today signed an Asset Purchase Agreement (APA) for the acquisition and assignment of identified assets related to General Motors India (GMI)’s Talegaon Plant in Maharashtra. Unsoo Kim, Managing...
Adani family sells $1.1 bn power arm stake to GQG
The promoters of Adani Group on Wednesday raised around ₹9,000 crore by selling 8.1% of their holding in the energy-generation arm Adani Power Ltd, marking billionaire Gautam Adani’s largest equity capital-raising...
