Lenders of Asian Hotels (West) received seven expressions of interest, including from K Raheja Group entity, Devvrat Developers and Panchshil Corporate Park, said two people aware of the development. The listed Asian...
Bank of Baroda board approves 49 per cent stake divestment in BFSL
The Bank of Baroda board has approved up to 49 per cent divestment in subsidiary BoB Financial Solutions, the company said in a regulatory filing on Thursday. “We advise that the Board of Directors of Bank of...
Cholamandalam Investment, Aptus deny talks for merger after media reports
Cholamandalam Investment and Finance Company (Chola) of the Murugappa group said on Thursday it has no plans to acquire a stake in Aptus Value Housing Finance India. “We wish to clarify that Chola has not expressed any...
Reliance Industries completes acquisition of two polyester firms
Reliance Industries subsidiary Reliance Polyester Limited has completed the acquisition of the polyester business of Shubhalakshmi Polyesters Limited and Shubhlaxmi Polytex Limited. RIL informed the investors about this...
NCLT allows insolvency plea against Future Enterprises
A Mumbai bankruptcy court acted on a petition by a trade creditor and began corporate insolvency proceedings against Future Enterprises (FEL). The National Company Law Tribunal (NCLT) has appointed Jitendra Kothari as...
Kulkarni family sells 18% stake in Kirloskar Oil for Rs 825 crore via open market
The entities belonging to the late Gautam Kulkarni family and a part of the promoter group of Kirloskar Oil Engines Ltd have offloaded nearly 18% stake in the company for Rs 825 crore through block deals on Wednesday...
Adani Power amalgamates six subsidiary companies
Adani Power said it has amalgamated its six subsidiaries, including Adani Power (Mundra), with itself. An amalgamation of six wholly-owned subsidiary companies of Adani Power Ltd (APL) — Adani Power Maharashtra...
Torrent moves SC after NCLAT verdict favouring RCap lenders
Torrent Investments, one of the highest bidders in Reliance Capital (RCap) insolvency, moved Supreme Court challenging a recent order by National Company Law Appellate Tribunal (NCLAT), a court listing showed .“The...
DOMS buys 30% stake in Delhi-based toy maker Clap Joy for undisclosed sum
DOMS Industries Pvt Ltd has announced the acquisition of a 30 per cent stake in toy maker Clap Joy Innovations Pvt Ltd. The move is part of DIPL’s strategy to expand into newer related-product categories and...
Ceat, Jindal Power, Private Equity Funds among companies in race for Birla Tyres
Birla Tyres, a Kesoram Industries company admitted for debt resolution by India’s bankruptcy court last year, has received expressions of interest (EoIs) from Ceat, Bain-Piramal-backed India Resurgent Fund, Naveen...
Chennai-based Computer Age Management Services acquires majority stake in Think Analytics
City-based Computer Age Management Services Ltd (CAMS) has picked up majority stake in Think Analytics India Pvt Ltd (Think360 AI) aimed at strengthening its account aggregator framework and enhance Artificial...
Adani Group acquires NDTV promoters’ additional 27.26% stake for ₹602 cr
Billionaire Gautam Adani now owns a majority stake in Prannoy and Radhika Roy-promoted news broadcasting company New Delhi Television Ltd. On Friday, Adani Enterprises, through its indirect subsidiary RRPR Holdings...
