Singapore sovereign wealth fund GIC has acquired an information technology-special economic zone (IT-SEZ) spread over 1.1 million sq ft in Hyderabad’s Gachibowli locality from the Phoenix Group for ₹1,050 crore...
Shriram Finance yet to decide on stake dilution in housing finance arm, may infuse capital by year-end
Shriram Housing Finance may defer its proposed $100-million share sale to ensure higher valuations while the promoter Shriram Finance is also weighing capital infusion. “We are still debating about how to infuse...
Centre fast tracks merger approvals for startups, small businesses
The Ministry of corporate affairs has amended the rules to make it easier for small companies and start-ups to secure approvals for mergers by way of deemed approvals. Small companies and start-ups seeking approvals for...
Sachin Tendulkar picks up small stake in AZAD Engineering
Cricket legend Sachin Tendulkar has made an undisclosed strategic investment and picked up a small stake in AZAD Engineering, provider of engineering and technology solutions for global OEMs in the Clean Energy...
Axis Trustee approaches NCLT to add more Future Retail claims
Axis Trustee Services Ltd, one of the financial creditors to Future Retail Ltd, has approached the National Company Law Tribunal (NCLT) after the resolution professional rejected its claims worth ₹470 crore out of total...
Provogue to be acquired by Rajkot-based firm for under Rs. 100 crore
Apparel company Provogue is being acquired by Rajkot-based investment firm Plutus Investments and Holding Private Limited for under Rs.100 crore, according to an order delivered by the national company law tribunal...
IndiGrid to acquire Virescent Renewable Energy Trust for up to Rs 4,000 cr
Infrastructure investment trust India Grid Trust (IndiGrid) said it has signed a share purchase agreement for the acquisition of 100 per cent units in Virescent Renewable Energy Trust at an enterprise value of up to Rs...
NCLT junks insolvency plea against Simplex, cites co’s stuck receivables
In a setback to banks, the Kolkata bench of the National Company Law Tribunal (NCLT) has dismissed a petition by the Central Bank of India to start insolvency proceedings against Simplex Infrastructures, noting that the...
Zee-Sony merger to face fresh roadblock
The proposed merger of Zee Entertainment Enterprises Ltd with Sony Pictures Networks India (SPN) is likely to face a fresh setback after the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Thursday...
MG Motor India plans stake sale to fuel expansion
MG Motor India, a subsidiary of China’s SAIC Motor, is looking at diluting its majority stake in the company to Indian entities to fund its expansion plans in the country over the next five years. It plans to invest Rs...
Sanofi India board OKs demerger of consumer health business
Sanofi India said its board has approved the demerger of consumer health business into its proposed wholly-owned subsidiary Sanofi Consumer Healthcare India (SCHIL), subject to the approval of Sanofi India’s...
Zee Media in race to buy FM radio broadcaster RBNL
Zee Media Corporation Limited (ZMCL) has got board approval to bid for Reliance Broadcast Network Limited (RBNL), a company that has been put under the corporate insolvency process by the National Company Law Tribunal...
