The National Company Law Appellate Tribunal (NCLAT) has set aside hospitality major EIH Ltd’s petition against an NCLT order approving the sale of Hyderabad-based Golden Jubilee Hotels. The appellate tribunal...
Hinduja Group to close RCap deal by end January: A.P. Hinduja
The Hinduja Group expects to complete the ₹9,861 crore acquisition of Reliance Capital by the end of January, nearly a year after the National Company Law Tribunal (NCLT) approved its rescue plan for the bankrupt lender...
Waaree Power to acquire 55% stake in Ewaa Renewable Techno Solutions
Waaree Energies announced that Waaree Power (WPPL), a wholly owned subsidiary of the company, has executed a Share Subscription cum Shareholders Agreement (SSSA) on 14 December 2024 with Ewaa Renewable Techno Solutions...
Reliance Industries acquires 74% stake in Navi Mumbai IIA for Rs 1,628 crore
Reliance Industries Limited (RIL) on Friday announced the acquisition of a 74% equity stake in Navi Mumbai IIA Private Limited (NMIIA) for Rs 1,628.03 crore. The deal, approved by RIL’s Board of Directors on...
Life Insurance Corp pares 2% stake in NMDC
State-owned insurer Life Insurance Corp of India (LIC) has pared its stake in iron-ore producer NMDC Ltd by 2 per cent, according to an exchange filing. After the stake sale, LIC’s holding in the state-run iron...
Indus Towers to acquire 26% in JSW Green Energy Eight
Indus Towers will acquire a 26% stake in JSW Green Energy Eight Ltd, a special purpose vehicle (SPV) involved in the renewable energy space, for a cash consideration of Rs 38.03 crore, the telecom tower company informed...
360 ONE AAM to acquire equity shares of Maple Infra InvIT Investment Manager
360 ONE Alternates Asset Management (360 ONE AAM), wholly owned subsidiary of 360 ONE WAM, has entered into a share purchase agreement dated 12 December 2024, to acquire certain equity shares (Acquisition) of Maple...
India’s ReNew Energy offered to be taken private in $2.82 billion deal
Some of the biggest investors in ReNew Energy Global have offered to take the company private, filings to the U.S. Securities And Exchange Commission (SEC) show, in a proposed deal that values the generator at $2.82...
Reliance Strategic Business Ventures’ Rs 202 cr plan for Karkinos Healthcare approved by NCLT
The National Company Law Tribunal (NCLT) of Mumbai has approved Reliance Strategic Business Ventures Limited’s Rs 202 crore resolution plan for Karkinos Healthcare Pvt. Ltd. (KHPL), a tech-driven oncology platform...
Shriram Pistons & Rings to acquire TGPEL Precision Engineering in Rs 220-cr deal
Auto parts maker Shriram Pistons & Rings Ltd (SPRL) on Tuesday announced plans to acquire a 100 per cent stake in TGPEL Precision Engineering at an enterprise value of Rs 220 crore on debt-free cash-free basis. The...
Lumina Datamatics to acquire controlling stake in TNQTech for Rs 336 crore
Lumina Datamatics, a Mumbai-based global leader in digital content services, retail support services, and technology solutions for the publishing and retail industries, has signed a definitive agreement to acquire a...
RBI approves Burman family entities’ open offer to acquire 26 pc additional stake in REL
The Reserve Bank has approved the open offer of Burman family — the promoters of FMCG major Dabur — to acquire an additional 26 per cent stake in NBFC firm Religare Enterprises Ltd (REL). The central bank...
