Samvardhana Motherson Automotive Systems — a subsidiary of Samvardhana Motherson International Limited has fully acquired SMR Jersy as its stake in SMR Jersy has surged to 100 per cent in latest 1.55 per cent stake buy...
Supreme Court asks Authum Investments and Infrastructure to implement resolution plan for Reliance Home Finance
In a big relief to Authum Investments and Infrastructure, the Supreme Court on Friday asked the company to implement its ₹2,887-crore resolution plan for the takeover of Anil Ambani’s Reliance Home Finance by...
Mahanagar Gas to acquire Ashoka Buildcon’s city gas arm Unison Enviro
Mahanagar Gas (MGL) signed an agreement to acquire rival private sector city gas distributor Unison Enviro from its promoters and existing shareholders Ashoka Buildcon and an investment fund managed by Morgan Stanley...
NCLT allows merger of HDFC’s two subsidiaries with HDFC Capital Advisors
The National Company Law Tribunal (NCLT) on Friday gave its approval for the merger of HDFC Property Ventures and HDFC Venture Capital with HDFC Capital Advisors, taking the merger of the parent with HDFC Bank a step...
Doms acquires 30% stake in toy company ClapJoy
Doms Industries Pvt. Ltd, controlled by Italian stationery company F.I.L.A. Group, has acquired a 30% stake in toymaker ClapJoy Innovations for an undisclosed amount. The move is part of Doms Industries’ strategy to...
Kansai Nerolac Paints acquires 40% stake of Nerofix from Polygel for ₹37 crore
The Board of Kansai Nerolac Paints (KNPL) has approved the acquisition of shares (40 per cent of the total shareholding) of Nerofix from Polygel for a cash consideration of ₹37 crore. In January 2020, KNPL had acquired...
NCLAT clears decks for RCap’s second auction
The National Company Law Appellate Tribunal (NCLAT) on Thursday allowed a plea by the committee of creditors (CoC) of Reliance Capital Ltd to hold a second auction of the bankrupt lender. Vistra ITCL, one of the secured...
IndiGrid completes acquisition of Khargone Transmission Ltd
India Grid Trust (IndiGrid) on Thursday announced completing the acquisition of 100 per cent “shareholding and economic interest” in Khargone Transmission Ltd from Sterlite Power Transmission Ltd (SPTL)...
NCLAT rejects HDFC plea opposing sale of IL&FS BKC property
The National Company Law Appellate Tribunal (NCLAT) has dismissed the plea of HDFC to stay the sale of IL&FS headquarters in Mumbai’s Bandra Kurla Complex (BKC) to Brookfield Asset Management. A two-member...
Cashfree Payments acquires Zecpe in latest acquisition
Cashfree Payments has acquired one-click checkout company Zecpe, its second buyout after it picked up a majority stake in UAE-based payment solution provider Telr in 2021 for $15 million. The latest acquisition is...
Axis Bank completes acquisition of Citibank India’s consumer business
Axis Bank – the third largest private sector lender — completed the acquisition of the consumer businesses of Citibank India and its non-banking finance arm, Citicorp Finance (India), for a cash consideration of...
Marico, RP differ over FRL insolvency
Consumer products company Marico moved the National Company Law Tribunal (NCLT) seeking its intervention in admitting its claims as part of Future Retail’s corporate insolvency resolution process. Rishabh Jaisani, the...
