The Mumbai bench of the National Company Law Tribunal (NCLT) approved the merger scheme between Zee Entertainment Enterprises Limited (ZEEL) and Culver Max Entertainment (Sony). The bench in its oral order allowed the...
NCLAT dismisses appeal to investigate PVR-INOX merger
The National Company Law Appellate Tribunal on Thursday dismissed the appeal filed by Consumer Unity and Trust Society, a think tank, asking the Competition Commission of India to investigate the PVR-INOX merger. The...
Zee-Sony Merger: NCLT to pronounce its order today
The Mumbai bench of the National Company Law Tribunal (NCLT) will pronounce its order on the merger scheme between Zee Entertainment Enterprises Limited (ZEEL) and Culver Max Entertainment (Sony) on Thursday. On July...
Reliance ARC files plea against Vidarbha Industries’ debt sale
Anil Ambani-promoted Reliance ARC has submitted a writ petition against the Reserve Bank of India in the Bombay High Court opposing the Swiss challenge method during the debt sale of Vidarbha Industries Power, which has...
IndoSpace to invest $1 billion to acquire new warehousing, logistics assets in India
Private equity major Everstone Group-backed industrial real estate and logistics parks developer IndoSpace is looking to deploy over $1 billion to acquire new warehousing and logistics assets across India over the next...
L&T eyes green energy, plans to sell non-core biz as Naik exits
I am leaving, but I am still there,” said A. M. Naik, the departing chairman of engineering and construction giant Larsen & Toubro (L&T) Ltd, while addressing his final and the conglomerate’s 78th annual...
Reliance Capital sells 45.43% stake in Reliance Home Finance for ₹54.5 crore
Anil Ambani’s Reliance Capital sold 45.43% (22,03,69,188) equity shares in Reliance Home Finance for ₹54.5 crore in open market, the company said in a stock exchange filing. With this move, the shareholding of the...
CCI clears proposed acquisition of HDFC Credila Financial Services
Anti-trust regulator CCI cleared the proposed purchase of 90 per cent equity stake in HDFC Credila Financial Services by a private equity consortium of BPEA EQT and ChrysCapital. The buyers are Kopvoorn, part of the...
Competition Commission approves Tata Capital merger plan
Fair trade regulator Competition Commission of India (CCI) approved the merger of Tata Cleantech Capital and Tata Capital Financial Services into Tata Capital Ltd. Tata Capital Financial Services (TCFSL) and Tata...
SpiceJet insolvency plea maintainable, WLFC tells NCLT
Engine Lessor Willis Lease Finance Corporation (WLFC) Tuesday argued that the insolvency petition filed by the company against airline Spicejet before the National Company Law Tribunal was maintainable, and the demand...
Adani Enterprises considering sale of 44% stake in Wilmar Venture
Adani Enterprises Ltd. is exploring selling its stake in its Mumbai-listed consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their core business, according to people familiar with the...
Ananya Birla’s Svatantra buys Sachin Bansal’s Chaitanya for ₹1,479 crore
Almost a year after the Reserve Bank of India rejected Sachin Bansal’s universal banking licence, Flipkart co-founder has sold the microfinance company he acquired in September 2019. Ananya Birla’s Svatantra Microfin...
