The National Company Appellate Tribunal (NCLAT) will hear the plea filed by Jet Airways’ lenders, led by SBI, against the winning bidder Jalan Kalrock consortium to recover pending dues. Last month, the lenders...
ICICI Bank gets RBI’s nod to raise stake in ICICI Lombard
The Reserve Bank of India (RBI) has given approval to the ICICI Bank for raising stake in one of its subsidiaries ICICI Lombard General Insurance Company Limited. The central bank of India has granted ICICI Bank to...
State Bank of India files insolvency plea against Mumbai Metro One
State Bank of India (SBI) has approached the National Company Law Tribunal (NCLT) against Mumbai Metro One (MMOPL) to admit the company under the Corporate Insolvency Resolution Process (CIRP). The company is a joint...
Tata Consumer, ITC among companies keen to buy into Fabindia-backed Organic India
Tata Consumer Products and ITC Foods are among select companies that have initiated talks to acquire a significant stake in Fabindia-backed organic teas and health products maker Organic India, executives directly aware...
NCLAT reviewing dismissal of Simplex insolvency case
The principal bench of the National Company Law Appellate Tribunal (NCLAT) is reviewing an order by a lower court that had dismissed a plea by the Central Bank of India to commence bankruptcy proceedings against Kolkata...
Dabur scouting for acquisition targets in D2C healthcare, personal care
Homegrown FMCG major Dabur India is looking for an acquisition in direct-to-consumer (D2C) space, particularly in healthcare and personal care, its Chief Executive Officer Mohit Malhotra said on Thursday. The...
Sterlite Power acquires Fatehgarh III Beawar Transmission from PFC
Sterlite Power said it has acquired Fatehgarh III Beawar Transmission, a special-purpose vehicle, from PFC Consulting Limited. PFC Consulting Limited (PFCCL) is a wholly-owned subsidiary of Power Finance Corporation...
Adani’s Ambuja-ACC reaches agreement to buy Sanghi Cements
Adani group’s Ambuja-ACC has reached an agreement to acquire Sanghi Cements after deal negotiations moved forward over the course of the past one week and the Adani group companies proposed better acquisition terms and...
AMW Motors admitted for insolvency as Triton fails to implement revival plan
The National Company Law Tribunal’s (NCLT) Ahmedabad bench has admitted Gujarat-based medium and heavy commercial vehicles maker AMW Motors for liquidation after its successful resolution applicant Triton Electric...
Ipca Laboratories acquires 33.38% stake in Unichem for over Rs 945 cr
Ipca Laboratories said it has completed the acquisition of a 33.38 per cent stake in Unichem for Rs 945.35 crore. Last week, Ipca got approval from the Competition Commission of India (CCI) for a 59.38 per cent stake...
Adani-owned Ambuja Cements to acquire majority stake in Sanghi Industries: Sources
India’s Ambuja Cements has reached a deal to acquire a majority stake in operations of Sanghi Industries, two sources with direct knowledge said, a transaction that will add heft to cement operations of...
Aditya Birla Group company buys KA Hospitality
Aditya Birla Group’s hospitality arm, Aditya Birla New Age Hospitality (ABNAH) has acquired a 100% stake in KA Hospitality Private Limited (KAH), the company that owns the home-grown brand CinCin and franchise...
