The insolvency appellate tribunal NCLAT on Monday directed the Vedanta Group to make the Adani Group a party in its appeals challenging the NCLT’s approval to Adani Group’s bid for acquiring Jaiprakash...
Hindustan Foods to acquire Ultra Beauty Care unit for ₹19.9 crore
FMCG contract manufacturer Hindustan Foods Ltd on Monday announced the acquisition of the ayurvedic, herbal beauty care and cosmetic products facility of Ultra Beauty Care Pvt Ltd in Maharashtra for ₹19.9 crore. The...
SEPC jumps 7% as board clears acquiring 90% stake in Avenir International
SEPC shares jumped 7 per cent in trade on the BSE, logging an intra-day high at ₹4.98 per share. At 9:58 AM, SEPC’s share price was trading 5.16 per cent higher at ₹4.89 per share. In comparison, the BSE Sensex was up 1...
PGCIL board nod to new merger plan for 28 subsidiaries
The board of Power Grid Corporation of India Ltd has approved a revised plan to consolidate its subsidiary structure, paving the way for the merger of 28 wholly owned subsidiaries into two other group entities...
Ecolab to acquire AI data center cooling tech firm for $5 billion
Water solutions company Ecolab said on Friday it has agreed to acquire CoolIT Systems, a liquid cooling technology provider for AI data centers, from KKR for $4.75 billion in cash. The global appetite for data...
Vedanta moves NCLAT, challenges NCLT nod to Adani’s bid for acquiring Jaiprakash Associates
Business conglomerate Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT’s approval to Adani Group’s bid for acquiring Jaiprakash Associates Ltd for Rs...
360 ONE to finance AIMS founder’s stake buyback
360 ONE Asset is set to back Asian Institute of Medical Sciences (AIMS) founder Narendra Pandey to buy back a 49% stake that private equity investors hold in the Faridabad hospital, people familiar with the matter said...
NCLT allows withdrawal of insolvency proceedings against ATS group project
The National Company Law Tribunal has allowed the withdrawal of ATS Group’s premium Noida project ATS Knightsbridge from the corporate insolvency resolution process (CIRP), giving relief to homebuyers. The withdrawal...
Kotak Mahindra Bank arm KMCC to sell part stake in Infina for Rs 1,294 crore
Kotak Mahindra Bank on Saturday said its wholly owned subsidiary Kotak Mahindra Capital Company Limited has entered into definitive agreements to sell part of its stake in Infina Finance Private Limited for an aggregate...
Euro Pratik Sales acquires majority stake in Chawla Brothers
Euro Pratik Sales announced the acquisition of a 51% stake in Chawla Brothers, a well-established decorative surfaces business in North India. The acquisition, valued at Rs 33.2 crore (including capital infusion of Rs 4...
UltraTech to pick up 26% in Sunsure Solarpark Seven
UltraTech Cement will acquire a 26.18% stake in Sunsure Solarpark Seven, a renewable energy generation and transmission company, for up to Rs 19.2 crore, the company said on Wednesday. “The acquisition is for the...
Agro insolvencies see surge in deal activity
Strategic buyers and investors are eyeing distressed agro-industries and ancillary companies, attracted by the prospect of acquiring processing facilities, established supply chains, and operating licences at steep...
