KSB Limited, one of the leading suppliers of pumps, valves, and systems, recently announced the acquisition of technology from Bharat Pumps and Compressors Ltd. Naini, Prayagraj, informed KSB in a media release. “With...
GMR Airports Infra announces merger with GMR Airports
GMR Airports Infrastructure Ltd (GIL) has announced the merger of GMR Airports Limited with GIL. The merger, which is subject to regulatory approvals and expected to be completed within the next financial year, would...
Mahindra fully acquires MITRA Agro Equipments
Mahindra & Mahindra said it has fully acquired MITRA Agro Equipments Pvt Ltd for an undisclosed amount. The company’s Farm Equipment Sector (FES) has increased its stake in MITRA Agro Equipments Pvt Ltd (M.I.T...
NARCL set to acquire debt of Dharani Sugars
The government-owned National Asset Reconstruction Company (NARCL) is set to acquire the debt of Dharani Sugars and Chemicals before the end of this financial year, two people aware of the development said...
No plans to sell Bisleri: Ramesh Chauhan after Tata calls off negotiations
Veteran industrialist Ramesh Chauhan on Monday said he has no plans to sell his packaged water business Bisleri International and is not in talks with any parties for the same, three days after Tata Consumer Products...
RCap insolvency case: Setback for Torrent as SC refuses to stay NCLAT order
The Supreme Court on Monday refused to stay the order by National Company Law Appellate Tribunal (NCLAT) on another round of auction for the debt-ridden Reliance Capital undergoing an insolvency process. The Torrent...
NCLT okays HDFC, HDFC Bank merger, paving way for creation of finance giant
The Mumbai bench of National Company Law Tribunal (NCLT) has approved the merger of mortgage financier HDFC Ltd into HDFC Bank, paving the way for one of the largest financial behemoths in India. The merger already has...
GMR Airports Infra to merge subsidiary with itself, raise ₹2,900 crore from Groupe ADP
GMR Airports Infrastructure Limited (Formerly GMR Infrastructure Limited) (GIL) announced the approval by its board of the composite scheme of amalgamation and arrangement of GMR Airports Limited (GAL) with GIL (Merger)...
Tata Consumer Products not to acquire Bisleri, ceases talks
Tata Consumer Products Ltd said that it had ceased discussions with packaged water maker Bisleri International about a potential acquisition. The company in its regulatory filing said that it has not entered into any...
Everstone Capital in talks to offload Burger King stake
Private equity firm Everstone Capital is in talks with General Atlantic to sell its stake in the India master franchise of American fast-food restaurant chain Burger King, people directly aware of the matter said...
Eris Lifesciences acquires 9 dermatology brands from Dr Reddy’s for Rs 275 cr
Eris Lifesciences on Thursday said it has acquired nine dermatology brands from Dr Reddy’s Laboratories for Rs 275 crore. The acquired brands are largely in cosmetology segments like anti-acne, moisturisers...
NCLT lets IPRS withdraw its insolvency plea against ZEE
The National Company Law Tribunal (NCLT) has allowed the Indian Performing Right Society Ltd (IPRS), an operational creditor of Zee Entertainment Enterprises, to withdraw its insolvency petition. The move will bring the...
