Actis LLP has unexpectedly entered the fray to buy Sprng Energy from Shell, seeking to re-acquire the clean energy platform it had set up and subsequently sold to the Anglo-Dutch energy major in 2022, said people with...
National News
NCLT approves merger of Adani-led Ambuja Cements and Sanghi Industries
The proposed merger of Sanghi Industries with Adani-led Ambuja Cements received the National Company Law Tribunal’s green light on Monday. In an exchange filing, Ambuja Cements said the tribunal pronounced its...
Impresario in talks to acquire mid-sized restaurant chains ahead of proposed IPO
Impresario Entertainment & Hospitality, which owns casual dining chains Social, Smoke House Deli, and Mocha, is in talks with about half a dozen mid-sized restaurant chains and cafes for potential acquisitions, and...
NCLT clears Hotel Horizon resolution; NCLAT bars equity creation for now
The National Company Law Tribunal has approved Hotel Horizon’s acquisition by the consortium of Oberoi Realty, Shree Naman Developers and JM Financial Properties and Holdings. The company has admitted liabilities of Rs...
Gravita India to acquire Rashtriya Metal Industries for Rs 800 crore, marking entry into copper alloys
Gravita India Ltd, a leading global recycling company and one of the world’s largest players in lead recycling, has entered into a binding arrangement to acquire Rashtriya Metal Industries Limited (RMIL), India’s oldest...
Aurobindo Pharma board considers merger of subsidiaries
Approves the filing of scheme of merger of Auro Vaccines with Curateq Biologics The board of Aurobindo Pharma at its meeting held on 09 February 2026 has approved a proposal to file a scheme of amalgamation for merger...
JioStar to merge TV distribution arm IndiaCast
JioStar India, the Reliance Industries-Disney joint venture, will merge its wholly owned television distribution subsidiary, IndiaCast Media Distribution, into the parent company under Section 233 of the Companies Act...
Power Finance acquires 52.63% government stake in REC Limited
In a major move aimed at consolidating public sector non-banking financial companies (NBFCs), Power Finance Corporation Ltd. (PFC) has acquired 52.63% of the government’s holding in REC Limited (REC), effectively making...
PFC-REC merger gets in-principle approval
The board of Power Finance Corporation (PFC) on Friday approved an in-principle merger with REC, taking the Union Budget proposal for restructuring of two of the major public sector non-bank lenders forward. PFC already...
IDBI stake sale: Kotak Mahindra, Fairfax to submit financial bids
Prema Watsa’s Fairfax Financial and Kotak Mahindra Bank are set to submit financial bids separately for a majority stake in IDBI Bank along with supporting documents on Friday, according to people with knowledge...
Insolvency case against Alchemist recalled after ED’s intervention
The National Company Law Tribunal (NCLT), New Delhi, has recalled the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Alchemist Limited, upon holding that the insolvency proceedings were vitiated by...
NCLT allows Rs. 2,500-crore class action lawsuit against Jindal Poly Films
In a rare occurrence, the National Company Law Tribunal (NCLT) has admitted a class action lawsuit filed against Jindal Poly Films by minority shareholders who approached the court claiming Rs. 2,500 crore of damages...
