The Supreme Court dismissed Vedanta’s plea to direct the Centre to divest its 29.54% residual stake in Hindustan Zinc (HZL) in the open market, saying it cannot interfere with a “policy decision”. A...
NCLT reserves order on Zee-Sony merger scheme
The Mumbai bench of the National Company Law Tribunal (NCLT) has reserved its order on the merger scheme between Zee Entertainment Enterprises (ZEE) and Culver Max Entertainment (Sony). The division bench of judicial...
Online platform CarTrade Tech to acquire Sobek Auto for Rs 537 crore
Online auto classified platform CarTrade Tech said it has inked a pact to acquire Sobek Auto India for a consideration of Rs 537 crore. Sobek is engaged in the business of running an automotive digital platform and a...
Resolution professional invites bids for Go First
As Go First draws up plans to resume flight operations, preparations are also underway to find a suitable new owner for the low-cost carrier. The airline’s resolution professional Shailendra Ajmera on Monday...
Three private equity groups in race to buy out Adani Capital
Private equity groups Bain Capital, Carlyle Group and Cerberus Capital Management are set to make binding bids in the next few weeks to buy out Gautam Adani’s six-year-old shadow bank, Adani Capital, as the billionaire...
Adani Enterprises buys 30% stake in Trainman, online train ticket booking platform
Adani Enterprises, the main company of Gautam Adani’s business conglomerate, has acquired approximately 30 percent ownership in Start Enterprises Pvt Ltd (SEPL), the parent company of Trainman, an online platform...
Motherson to acquire Bengaluru-based Rollon Hydraulics
Auto component maker Samvardhana Motherson International on Friday said it has inked a pact to fully acquire Bengaluru-based Rollon Hydraulics for an undisclosed amount. Rollon is engaged in manufacturing, assembly and...
Reliance Retail plans to buy out minority shareholders
Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is looking to buy out the minority shareholders of Reliance Retail Ltd for a total sum of up to ₹1,071.27 crore and make its step-down retail unit into a fully...
NCLT adjourns Sony-Zee merger case to July 10
The National Company Law Tribunal (NCLT) adjourned the hearing in the Sony-Zee merger case to July 10. The NCLT bench led by judicial member HV Subba Rao, and a technical member, Madhu Sinha, is hearing the matter...
Amara Raja Electronics announces stake acquisition in Design Alpha
Amara Raja Electronics Ltd said it has acquired a stake in engineering design firm Design Alpha. The acquisition will position Amara Raja Electronics Ltd AREL as a fully integrated electronic systems design and...
NCLT approves demerger of financial services unit of Reliance Industries
Reliance Industries Ltd announced on July 6 that the National Company Law Tribunal (NCLT) has given its nod to the demerger of the company’s financial services undertaking and its listing. Reliance had previously...
NCLT to hear plea by Go First lessors on August 4
The National Company Law Tribunal (NCLT) heard pleas by engine and aircraft lessors of Go First, who are seeking an interim relief from court to inspect planes and engines and deferred the matter till August 4. During...
