The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition filed by the insolvency regulator, which had challenged a bankruptcy court decision to reject lenders’ plea to admit GTL Infrastructure...
Adani Power receives NCLT’s approval for merger of six subsidiaries
The National Company Law Tribunal (NCLT) on Thursday approved the merger of Adani Power Maharashtra, Adani Power Rajasthan, Udupi Power Corporation, Raipur Energen, Raigarh Energy Generation, and Adani Power (Mundra)...
CCI clears six deals after resolving quorum deadlock
Competition Commission of India (CCI) cleared six transactions, according to separate official statements. The approvals show the regulator has found a solution to the shortfall in its quorum requirement after seeking...
Shriram Pistons to invest ₹222 crore in Takahata Precision India
SPR Engenious, a wholly-owned subsidiary Shriram Pistons & Rings, will acquire 75% stake in Takahata Precision India Pvt Ltd. (TPIL) at an enterprise value ₹222 crore, the company said on Thursday. The enterprise...
Lendingkart acquires personal loan provider Upwards for around Rs 120 crore
Lendingkart, a digital lending platform for micro, small and medium enterprises (MSMEs), has acquired personal loan provider Upwards in a cash-and-stock deal worth Rs 100 – Rs 120 crore. The acquisition is in line...
Hero Electric partners with Dhoot Transmission for wiring harness solutions
Electric two-wheeler maker Hero Electric said it has partnered with Dhoot Transmission Pvt Ltd for new wiring harness solutions. The company’s products will be equipped with the latest wiring harnesses of Dhoot...
Sheela Foam looks to buy furniture rental Furlenco
Sheela Foam Ltd is in advanced talks to acquire furniture rental startup Furlenco, said three people with knowledge of the development, as the maker of the Sleepwell brand of mattresses looks to expand into newer...
NCLAT issues notice to Torrent Investment in RCap case
The National Company Law Appellate Tribunal (NCLAT) on Tuesday issued notice to Torrent Investments in a matter pertaining to a plea filed by the secured lenders of Reliance Capital seeking a second round of financial...
Vikas Lifecare okays its strategic investment in Kohinoor Foods for ₹250 Cr
Fast Moving Consumer Goods (FMCG) are the focus of Kohinoor Foods Ltd, a small cap company with a market valuation of ₹241.71 Cr. Kohinoor Foods has a market presence nowadays, selling food items such as basmati rice...
Government against $3 billion Vedanta international zinc business sale to Hindustan Zinc
The government has raised objections to Vedanta Resources’ proposal to sell its international zinc assets for nearly $3 billion to Indian subsidiary Hindustan Zinc (HZL), people aware of the development told ET...
Govt receives representations to merge RINL with SAIL or NMDC: Minister Kulaste
The government has received various representations to merge RINL with SAIL or NMDC, Parliament was informed on Monday. At present, Rashtriya Ispat Nigam Ltd (RINL) has a strength of 4,875 executives and 10,005 non...
Micro-savings platform Siply acquires myPaisaa for $7.5 million
Tech-enabled micro-savings platform Siply has acquired digital chit-fund entity myPaisaa for $7.5 million. The acquisition is expected to help Siply enhance its existing offerings through myPaisaa’s chit-fund...
