Shares of Inox Wind Energy rallied 19 per cent to hit a record high of Rs 2,150, while Inox Wind slipped 5 per cent to Rs 138.50 after the board approved merger with Inox Wind Energy. Inox Wind, India’s leading wind...
O2 may buy Jakson’s green power assets
EQT- and Temasek-backed O2 Power is in talks with Jakson Group to purchase 120 MW of solar power assets of Jakson Group at an equity value of ₹130 crore, said two people aware of the development. The enterprise value of...
NCLT adjourns the Wilmington Trust insolvency plea against SpiceJet
The National Company Law Tribunal, in the petition filed by aircraft lessor Wilmington Trust SP Services (Dublin) Ltd for initiating the corporate insolvency resolution process, adjourned the matter on Monday. The...
Lenders take full control of Go First resolution process, replace key bankruptcy officials
Lenders to Go First Airlines are seeking to take full control of the carrier’s resolution process at the National Company Law Tribunal (NCLT), having replaced key bankruptcy-related officials appointed by the...
NCLT rejects resolution plan of Anirudh Agro Farms for Viceroy Hotels: Report
The NCLT has reportedly rejected the resolution plan of Anirudh Agro Farms for Viceroy Hotels following the expiry of bank guarantees and directed the continuation of the corporate insolvency resolution process (CIRP)...
VLCC to acquire D2C men’s grooming brand Ustraa through strategic merger
Beauty and skincare company VLCC is acquiring direct-to-consumer men’s grooming brand Ustraa through a combination of secondary buy-out and share swap, the company said on Friday. Post merger, VLCC will make further...
Sarda Energy emerges as top bidder for SKS Power
Sarda Energy & Minerals has emerged as the highest bidder for SKS Power Generation (Chhattisgarh) Limited with a ₹1,800 crore offer that covers 100% of the outstanding dues of the lenders of the company that is...
Allcargo Logistics closes 30% stake purchase from KWE in Gati subsidiary
Allcargo Logistics said it has completed the acquisition of 1.50 lakh shares, or 30% stake, in Gati-Kintetsu Express (GKEPL) for Rs 406.71 crore. Allcargo’s subsidiary, Gati already holds 70% stake in GKEPL. “With...
Tanla to acquire ValueFirst Group in all-cash deal of up to Rs 395 crore
Enterprise messaging firm Tanla said it will acquire peer ValueFirst and its subsidiaries in an all-cash deal ranging up to Rs 395 crore. Tanla will acquire 100 per cent stake in ValueFirst Digital Media Private Limited...
LIC raises stake in SAIL by 2%
State-run insurer Life Insurance Corp of India (LIC) has hiked its stake by 2% in Steel Authority of India Ltd (SAIL) between October, 2021 and March 2023, according to an exchange filing. With the increase in stake...
NCLT accepts Delhivery notice citing Go First’s insolvency as ‘fraudulent’
The National Company Law Tribunal (NCLT) Thursday accepted Delhivery’s notice seeking a declaration of Go First’s voluntary insolvency resolution as “fraudulent and malicious.” It gave the...
Stampede Capital Ltd (SCAP DVR) receives in-principle approval to explore merger, acquisition for restructuring the business of WEXL Edu Private Limited
Stampede Capital Ltd (SCAP DVR) – Financial Consultancy firm has received in-principal approval to explore appropriate options including merger, acquisition, or other suitable options of arrangement for...
