Private equity funds Bain Capital and CVC Capital Partners are among those evaluating buying the promoter stake of in Max Financial Services Ltd (MFS) — the flagship listed company of serial entrepreneur Analjit...
Indi Grid to buy Khargone Transmission for ₹1,497cr
India Grid Trust (IndiGrid) will acquire a 100% equity stake in Khargone Transmission at an enterprise value of around ₹1,497.5 crore, the company said Monday in a regulatory filing. “IndiGrid signed a share...
Pine Labs acquires Saluto Wellness to bolster its rewards management play
Pine Labs has acquired rewards and engagement platform Saluto Wellness, as the fintech firm continues to bolster its customer offerings. According to sources, the deal is a full cash buyout, and the senior management at...
NCLT reserves order on Torrent plea to halt fresh auction for RCap
The National Company Law Tribunal (NCLT) on Monday reserved its order on fresh auction for the Anil Ambani-promoted Reliance Capital, directing lenders to maintain status quo till the final order is passed by the...
Reliance Retail acquires footwear retailer V Retail
Reliance Retail has acquired Telangana and Andhra Pradesh-based footwear and apparel retailer V Retail Pvt Ltd, which operates a retail chain under the brand name ‘Centro Style’. V Retail operates 32 Centro...
Vedanta set to acquire Meenakshi Energy for Rs 1,440 crore
Debt-laden power company Meenakshi Energy is set to be acquired by Anil Agarwal’s Vedanta Limited after its Rs 1,440 crore bid went through. In an exchange filing, Vedanta said that Rs 312 crore is set to be paid...
NCLT delays fresh auction for Reliance Capital
The National Company Law Tribunal (NCLT) asked the lenders to delay the second auction for Reliance Capital, which was scheduled for Thursday, till January 23 as it could not complete hearing arguments from both sides...
Adani Green Energy arm to buy 50% equity in Essel Saurya Urja for Rs 15 cr
Adani Green Energy arm Adani Renewable Energy Holding Two Ltd will acquire 50 per cent equity in Essel Saurya Urja Company of Rajasthan Ltd from Essel Infraprojects for Rs 15 crore. Adani Renewable Energy Holding Two...
NCLAT sets aside NCLT order permitting rival Shyam Sel to submit revised bid for Mittal Corp
Insolvency appellate tribunal NCLAT on 18 January allowed Jindal Stainless’ appeal and set aside the NCLT order that permitted rival Shyam Sel and Power Ltd to submit a revised resolution plan for the debt-ridden...
ITC to acquire Yoga Bar to expand presence in fast growing healthy foods space
ITC Ltd announced it is going to acquire 100% in the makers of the health-conscious brand Yoga Bar, Sproutlife Foods Pvt Ltd, in an all-cash deal over the next 3-4 years. The conglomerate will pay Rs 255 crore for 47.5%...
Torrent Investment asks NCLT to quash fresh CoC’s fresh auction round for Reliance Capital
Torrent Investment urged the National Company Law Tribunal (NCLT) to quash the lenders’ plans to hold a fresh auction for the takeover of the Anil Ambani-promoted Reliance Capital. Darius Khambata, representing...
Sagar Cements to acquire Andhra Cements
Sagar Cements has been declared as the successful bidder for debt-ridden Andhra Cements, a company which was owned by the Jaypee Group and is under the Corporate Insolvency Resolution Process. The Committee of Creditors...
