The National Company Law Tribunal in its order approved the resolution plan for Unimark Remedies, which was submitted by a consortium of Asset Reconstruction Company (India), Intas Pharmaceutical and Shamrock...
Wipro Consumer Care set to buy foods brand Brahmins
Wipro Consumer Care and Lighting agreed to acquire Kerala-based packaged foods company Brahmins Foods on Thursday, building on its purchase of the Nirapara brand from the same region last year. Bengaluru-based Wipro...
Trend Micro Acquires Anlyz to Expand its Cybersecurity Services
Cybersecurity has become one of the top priorities worldwide as the number and complexity of cyber threats continue to increase. In recent years, India has also emerged as a high-risk area for cyber-attacks due to its...
NCLT admits Ezeego One Travel under liquidation
A bankruptcy court has ordered the liquidation of Ezeego One Travel & Tours Ltd as the secured creditors of the online travel portal did not receive any viable revival plan for the company. The Mumbai bench of the...
Tatas approach CCI to merge Air India and Vistara
Tata Sons owned Air India has approached anti-trust regulator Competition Commission of India for a merger of full service airline Vistara. While Tata Sons holds 51% in Vistara, the remaining 49% is owned by Singapore...
Eversource Capital, JSW Neo shortlisted for buyout of Continuum Green Energy
Eversource Capital and JSW Neo Energy are the two bidders shortlisted to acquire a controlling stake in Morgan Stanley-backed Continuum Green Energy, the enterprise value of which is pegged at $1.5 billion, according to...
Reliance Capital resolution process completion deadline extended to July 16
The National Company Law Tribunal (NCLT) has extended the deadline for completing the resolution process of Reliance Capital by three months to July 16 as lenders have agreed to hold a second round of auction to...
Dharampal Satyapal Group wins bid for Viceroy Bangalore Hotels
The Dharampal Satyapal Group has emerged as the winning bidder for Viceroy Bangalore Hotels, which has been going through insolvency proceedings since last year. Viceroy Bangalore Hotels Pvt Ltd, which owns the Marriott...
NCLT approves AM Mining India’s resolution plan for Indian Steel Corporation
ArcelorMittal India on Monday said a resolution plan submitted for Indian Steel Corporation by its arm AM Mining India has been approved by the NCLT, Mumbai. In a statement, ArcelorMittal India Pvt Ltd said it...
Bankruptcy court approves Intas-Shamrock plan for Unimark Remedies
A bankruptcy court on Monday allowed the Intas Pharmaceuticals-Shamrock Pharmachemi consortium’s application to acquire Unimark Remedies. Asset Reconstruction Company India Ltd (Arcil) is also part of the consortium...
Coca-Cola acquires 15% stake in food-tech platform Thrive
Beverage major Coca-Cola India has acquired a 15% stake in Hashtag Loyalty that operates Thrive—a food-tech company that offers online ordering system for restaurants. Hashtag has raised the capital at a pre-money...
McLeod Russel, IL&FS insolvency settlement likely in two weeks: Report
Tea major McLeod Russel India Ltd and IL&FS are currently engaged in negotiations towards an out-of-court settlement, which is expected to be reached within the next two weeks. The Brij Mohan Khaitan group company...
