The government will this month invite Expression of Interest or preliminary bids for privatising Container Corporation of India (Concor), an official said on Wednesday. The official said the bid document for Concor is...
Axis Bank enters into revised pact with Max Financial Services for acquiring additional 7% stake in Max Li
Axis Bank on Tuesday said it has entered into a revised agreement with Max Financial Services to acquire an additional 7 per cent stake in Max Life Insurance at fair market value using discounted cash flow method. The...
Tata Motors acquires Ford India’s manufacturing unit in Gujarat
Tata Motors has completed the acquisition of Ford India’s manufacturing plant at Sanand through its subsidiary, the company informed on Tuesday. Last year, the company informed about the acquisition noting Tata...
Adani-led group completes purchase of Israel’s Haifa Port
A consortium led by Adani Group has completed the purchase of Haifa Port in northern Israel for 4 billion shekels ($1.15 billion), Israel’s Finance Ministry said on Tuesday. The sale of one Israel’s main...
Ghodawat Consumer buys packaged foods brand To Be Honest
Ghodawat Consumer Ltd., the consumer goods arm of Sanjay Ghodawat Group that retails home and personal care products, staples, and snacks, has acquired packaged foods brand, To Be Honest, to strengthen its premium...
NCLT rejects Torrent Investments’ plea to halt Reliance Cap CoC’s voting for second auction
The National Company Law Tribunal (NCLT) on Monday rejected a plea by Torrent Investments — one of the bidders for the Anil Ambani-promoted Reliance Capital — that sought to halt the Committee of...
Adani Green, Torrent, Shell, Actis in race for KKR’s energy InvIT
About half a dozen domestic and global energy developers, including Adani Green, Torrent Power, Shell and Actis, are looking to acquire Virescent Renewable Energy Trust, an infrastructure investment trust (InvIT) owned...
Tata nears iPhone plant takeover to grow Apple supply role
Tata Group is close to taking over a major plant in southern India in a deal that would give the country its first homegrown iPhone maker. The airline-to-software conglomerate has been in talks with the factory’s owner...
NCLT okays Adani Good Homes’ sole bid for Radius Estates
The National Company Law Tribunal (NCLT) has cleared Adani Good Homes’ sole bid for Radius Estates, which became controversial due to opposition from a section of creditors, according to people aware of the matter...
Crane maker Tractors India dragged to NCLT
Bank of India has initiated insolvency proceedings against Kolkata-based commercial equipment manufacturer TIL (Tractors India) to recover its dues as previous recovery efforts have failed, people familiar with the...
Govt receives several EoIs for IDBI Bank stake sale
The government received several expressions of interest (EoIs) for the strategic sale of stake in IDBI Bank held by the Centre and state-owned Life Insurance Corporation of India (LIC). A consortium, two foreign banks...
NCLT admits insolvency plea against Future Supply Chain Solution
The National Company Law Tribunal (NCLT) on Friday admitted the insolvency plea filed against Future Supply Chain Solutions Ltd (FSCSL). Future Supply Chain Solutions Ltd (FSCSL), a part of Future Group firm, in a...
