Sheela Foam, India’s largest home mattress manufacturer, acquired rival Kurlon Enterprise, the maker of Kurl-on mattresses, and purchased a controlling stake in the furniture rental company Furlenco, the company said in...
NCLT to hear lessors’ pleas for SpiceJet insolvency in August
The National Company Law Tribunal (NCLT) has postponed the hearing of insolvency pleas against budget carrier SpiceJet, granting the airline 10 days to file a rejoinder. The pleas were filed by aircraft lessors...
Reliance set to buy Alia Bhatt’s Ed-a-Mamma for Rs 300-350 crore
Reliance Brands Ltd is in talks to fully acquire actress Alia Bhatt’s children wear brand Ed-a-Mamma for ₹300-350 crore, two industry executives said. Reliance Brands is a subsidiary of Reliance Retail Ventures...
Nirma, Sekhmet Pharmaventures vie for $731 mn Glenmark Life stake: Reports
Indian conglomerate Nirma Ltd. and PAG-backed Sekhmet Pharmaventures are among the shortlisted bidders for a controlling stake in Glenmark Life Sciences Ltd., according to people familiar with the matter. The suitors...
ZappFresh acquires Dr Meat for $3 mn to expand into Bengaluru market
Startup ZappFresh, which sells meat in Delhi-NCR through its online platform, has acquired Dr. Meat in a deal value of USD 3 million as part of its strategy to enter the Bengaluru market. The company has fully acquired...
Swiggy enters retail food and grocery segment with LYNK acquisition
Online food delivery startup Swiggy said it has acquired LYNK Logistics Ltd, a tech-led FMCG retail distribution company, marking its foray into food and grocery retail market. The company did not disclose the financial...
Administrator files Hinduja’s resolution plan for Reliance Capital at NCLT
The administrator of Reliance Capital has filed the resolution plan given by the Hinduja group entity IndusInd International Holding, approved by lenders, with the National Company Law Tribunal, said people aware of the...
Asia Health in talks to acquire kidney care hospital AINU
Asia Healthcare Holdings (AHH), the private equity-backed single-speciality healthcare platform, is in advanced stages of discussions to acquire Asian Institute of Nephrology and Urology (AINU), the largest single...
NCLT dismisses plea seeking insolvency proceedings against Religare Enterprises
The National Company Law Tribunal (NCLT) dismissed a plea to initiate insolvency proceedings against Religare Enterprises Ltd observing that it was a financial service provider and does not come under the ambit of the...
Bharti Airtel buys 20.6% stake in Lavelle Networks, total stake will reach 45.6%
India’s leading telecom firm, Bharti Airtel has acquired additional 20.6% stake in the SD-WAN startup, Lavelle Networks. With this, Bharti Airtel’s total ownership will increase to 45.6% in the SD-WAN...
Narayana set to buy out Morgan Stanley, BanyanTree from group firm for ₹1,400 crore
Hyderabad-based education-focused group Narayana, which runs hundreds of schools, colleges and coaching classes across the country, is looking to buy out private equity investors Morgan Stanley Private Equity Asia and...
NCLAT sets aside NCLT order rejecting insolvency plea against Uniworth Textiles
The National Company Law Appellate Tribunal on Monday set aside the order of the Kolkata bench of NCLT, which had rejected the plea of Asset Reconstruction Company to initiate insolvency proceedings against Uniworth...
