Bharti Airtel, the largest shareholder of Indus Towers, will waive its right of first refusal if UK’s Vodafone Group finds an external buyer for its 21.05% stake in India’s top telecom tower company, two...
NCLT approves Mahindra Electric’s merger with Mahindra & Mahindra
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the merger of Mahindra Electric Mobility with Mahindra & Mahindra. The proposed consolidation will bring the entire automotive value chain of...
RattanIndia Enterprises acquires EV maker Revolt Motors
RattanIndia Enterprises Ltd said it has completed the acquisition of Revolt Motors which is into manufacturing of electric vehicles. Now Revolt Motors has become a 100 per cent subsidiary of RattanIndia Enterprises Ltd...
Mumbai Oncocare raises $10m from Tata Capital Fund
Mumbai Oncocare Centre (MOC), a chain of cancer daycare centres said it has raised up to $10 million from Tata Capital Healthcare Fund for an undisclosed equity stake. MOC plans to utilize the newly infused capital to...
EY India acquires eBorn Consulting
EY has acquired eBorn Consulting Private Limited, a SAP solutions provider, to strengthen its technology consulting practice as client demand for tech transformation services has increased multifold after the Covid-19...
HCCB revives plans to sell Coca-Cola’s bottling business
Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola, has revived plans of selling its business as a robust post-pandemic recovery boosts valuation again, executives directly aware of the development said...
NCLT grants approval to PVR-Inox merger scheme
The Mumbai bench of the National Company Law Tribunal (NCLT) has sanctioned the scheme of arrangement between cinema chains PVR and Inox Leisure. The written order is expected to come out in the next few days. “We...
LTTS to acquire SWC business of parent firm for Rs 800 cr
IT company L&T Technology Services will acquire the Smart World & Communication (SWC) Business of its parent firm Larsen & Toubro Limited in an all-cash deal worth Rs 800 crore. Smart World &...
NCLT adjourns Zee Entertainment lenders’ pleas against merger to Feb 2
The Mumbai bench of the National Company Law Tribunal (NCLT) has adjourned the matter of Zee Entertainment lenders looking to prevent a merger between Zee and Sony to February 2. The matter had come up in the NCLT court...
Finolex may hive off divisions into separate entities in future
Finolex Cables, one of India’s oldest electrical and telecom cable makers, plans to expand into consumer electrical and telecommunications, aiming to double revenue in the coming years. In an interview, executive...
Hindustan Unilever completes purchase of 51 pc stake in Zywie Ventures
FMCG major Hindustan Unilever Ltd on Wednesday said it has completed the acquisition of a 51 per cent stake in Zywie Ventures for a consideration of Rs 264.28 crore. Now, Zywie Ventures, a wellness company, has become a...
Bankruptcy court dismisses revival plan for Ujaas Energy
A bankruptcy court in Indore has rejected a revival plan for Ujaas Energy, adding the observation that the Committee of Creditors (CoC) cannot extinguish the rights of a secured creditor to proceed against the listed...
