Proptech major Aurum PropTech is set to acquire Goldman Sachs, Tiger Global and Ratan Tata-backed managed rental home company NestAway Technologies through a complete buyout of all existing shareholders, said persons...
Edtech firm Scaler makes fourth acquisition in 2 years, buys Pepcoding
Edtech firm Scaler has acquired Pepcoding, a Delhi-based education platform, for an undisclosed amount to strengthen its business. This is Scaler’s fourth acquisition in the last two years: AppliedRoots, Coding Minutes...
Government proposes to sell 3% stake in Coal India
The Indian government is proposing to sell up to a 3% stake in state-owned miner Coal India Ltd at a floor price of 225 rupees per share, it said in a notice on Wednesday. The Offer for Sale (OFS) will be open for...
JSW Group plans to sell minor stake in Neo Energy for $500 m
JSW Group is looking to sell a minority stake in JSW Neo Energy, a subsidiary of listed JSW Energy, to raise up to $500 million, people aware of the development told ET. The steel and energy conglomerate has appointed...
In a first, Cosmos Cooperative Bank acquires a negative net-worth bank
In a first, Mumbai-based negative net worth Maratha Sahakari Bank, which was under operational restriction imposed by the Reserve Bank, merged with Cosmos Cooperative Bank Ltd. This was the first of its kind merger of a...
Promoter of Gravita India sells 4.6% stake for Rs 181 cr through open mkt
A promoter of Gravita India on Monday divested a 4.6 per cent stake through an open market transaction for Rs 181 crore. Rajat Agrawal (promoter) of Gravita India offloaded the shares. According to the block deal data...
JSW Group exploring possibilities to acquire coking coal mines in offshore markets: Sources
Homegrown firm JSW Group is exploring possibilities to acquire coking coal mines in offshore markets, industry sources said. The steel-to-infrastructure group is exploring the mineral assets in countries like Australia...
Financial bids for NMDC Steel likely by August
The government will likely invite financial bids for a 50.79% stake in NMDC Steel “within a month or two” after the operationalisation of the company’s new plant in Chhattisgarh is over by June, a person familiar with...
NCLAT sets aside NCLT order on Zee Entertainment-Sony India merger
The National Company Law Appellate Tribunal (NCLAT) on Friday set aside an order by the National Company Law Tribunal (NCLT), which had directed the National Stock Exchange (NSE) and BSE to review their no-objection...
Jet Airways insolvency: NCLAT grants Jalan Kalrock more time to pay dues to lenders
National Company Law Appellate Tribunal (NCLAT) on Friday decided to pitch for early revival of grounded airline Jet Airways. To facilitate the same, the appellate tribunal has decided to give more time to to the...
iLabs taken to NCLT for reneging on Lanco deal
Lenders to the defunct Lanco Group have taken Hyderabad-based iLabs Group to court, claiming that the company has refused to part with the 29% stake it holds in Lanco Anpara Thermal Power to the power plant’s...
NCLAT may hear Zee Entertainment petition today
The National Company Law Appellate Tribunal (NCLAT) has deferred the hearing in Zee Entertainment Enterprises Limited’s (ZEEL) petition against the National Company Law Tribunal’s (NCLT) May 11 order...
