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...
JK Cement arm acquires 60% stake paint firm Acro Paints Ltd
JK Cement on Friday said that its subsidiary has acquired paint manufacturer and construction chemicals company Acro Paints Limited. JK Cement’s wholly owned subsidiary JK Paints & Coatings Limited has...
Adani eyes stake in state-backed power trader PTC India – Bloomberg News
A stake for sale in state-backed electricity trader PTC India Ltd is attracting initial interest from potential suitors including Asia’s richest man Gautam Adani, Bloomberg News reported, citing people familiar...
Quess drops Allsec merger plans on investor dissent
Opposition from minority investors of AllSec Technologies Ltd and a 34% plunge in Quess Corp.’s share price has prompted the board of India’s largest staffing firm to withdraw its merger plans with AllSec in December...
NARCL emerges as the highest bidder for SREI with NPV of Rs 5,555 cr
National Asset Reconstruction Company Ltd (NARCL) emerged as the highest bidder in the auction for two finance companies – Srei Infrastructure Finance and Srei Equipment Finance – which began on Tuesday...
GMR Sports in talks to buy gaming startup Fantasy Akhada
Fantasy gaming startup Fantasy Akhada is in talks to sell a significant stake to GMR Sports, a GMR Group entity, at a valuation of $160-175 million ( ₹1,300-1,400 crore), four people aware of the development said. The...
Reliance to acquire 50% stake in Gujarat-based beverages firm Sosyo
Reliance Consumer Products Limited said it will acquire 50% equity stake in Gujarat-headquartered beverages firm Sosyo Hajoori Beverages (SHBPL). The 100-year-old company is one of the leading players in the domestic...
Dabur acquires 51% majority stake in Badshah Masala
Dabur India has completed the acquisition of 51% stake in Badshah Masala paving the way for FMCG major to enter the branded spices and seasoning market. Badshah Masala is engaged in the business of manufacturing...
NCLT stays Reliance Capital debt resolution process
The National Company Law Tribunal, Mumbai, granted interim relief to Torrent Investments on Tuesday, by directing the administrator of bankrupt Reliance Capital Ltd not to present the revised offer Hinduja group made...
RIL, Adani Group, NTPC among 7 bidders for SKS Power
SKS Power Generation’s lenders have received seven bids to take over the distressed power producer, people familiar with the matter said, setting the stage for a clash between Reliance Industries and the Adani Group...
Torrent moves NCLT against Hinduja’s revised offer for Reliance Capital
Torrent Investments has pleaded with the National Company Law Tribunal (NCLT) to direct the administrator of Anil Ambani-promoted Reliance Capital not to accept the revised offer the Hinduja group entity gave a day...
