IDBI bank has moved the National Company Law Appellate Tribunal (NCLAT) against Zee Entertainment to challenge an NCLT order, which rejected the private lender’s plea to initiate insolvency proceedings against the...
Maruti to acquire Suzuki Motor’s manufacturing facility in Gujarat
Maruti Suzuki said that it will acquire parent Suzuki Motor’s manufacturing facility in Gujarat to ensure better management control over the unit. The local car market leader said this will help it respond faster to...
K Raheja Corp plans to consolidate residential business, NCLT okays demerger
Realty developer K Raheja Corp is planning to consolidate its residential real estate portfolio to improve focus on housing and increase the scale of the business. The group also expects to attract strategic and...
NCLAT dismisses all challenges to AGI Greenpac’s acquisition of HNG
The National Company Law Appellate Tribunal (NCLAT) has dismissed the challenge brought forth by Independent Sugar Corporation Limited (INSCO) and other companies against the Competition Commission of India’s...
Bollywood actor Suniel Shetty buys minority stake in Panja League
Actor and entrepreneur Suniel Shetty has picked up a minority stake in Pro Panja League, a professional arm-wrestling tournament launched by celebrity couple Parvin Dabas and Preeti Jhangiani through their company Panja...
Takeover norm violations: SAT sets aside Sebi order against Ambani brothers
The Securities Appellate Tribunal (SAT) set aside the Securities and Exchange Board of India’s April 2021 order that had imposed a penalty of ₹25 crore on Mukesh Ambani, Anil Ambani, Reliance Industries Holdings...
Nalwa Steel, BTL EPC bids tied for McNally
In a rare occurrence, the voting to select the winner between Nalwa Steel and BTL EPC plan for bankrupt McNally Bharat Engineering resulted in a tie, as both resolution plans received an equal number of votes from...
Government proposes to sell up to 5.36% stake in Rail Vikas Nigam
The government will offload a 5.36% stake in state-run Rail Vikas Nigam Ltd (RVNL) through the offer-for-sale (OFS) route, which includes a green shoe option of 1.96%, a top official said. “Offer-for-sale in RVNL opens...
Mahindra eyes 9.9% stake in RBL Bank
Mahindra and Mahindra (M&M) Ltd has evinced interest in acquiring as much as a 9.9% stake in private bank RBL Bank Ltd, after picking up a 3.53% stake in the latter a week ago. “We may consider further investment...
Marico to acquire majority stake in nutrition brand Plix for ₹369 cr
Packaged consumer goods company Marico Ltd has signed a definitive agreement to acquire a majority stake in Satiya Nutraceuticals Private Ltd that owns plant-based nutrition brand Plix for ₹369 crore. “In line with our...
Hitachi Payment Services to acquire cash management biz of Writer Corp
Payment solutions provider Hitachi Payment Services said it has entered into an agreement with Writer Corp, a multi-business enterprise, to acquire its cash management business. Writer Safeguard, the cash management...
BDK Valves & Gurukrupa Group complete 100% acquisition of Theis Precision
BDK Valve Private Ltd., a manufacturer of industrial valves, and Gurukrupa Group, a realty developer in western India, on Wednesday announced the successful acquisition of 100% stake in Theis Precision Steel India Pvt...
