The Indian Performing Right Society (IPRS) has filed a petition against Zee Entertainment Enterprises Limited (ZEEL) in the National Company Law Tribunal (NCLT) claiming default of `211.4 crore in music royalty payments...
Bharat Forge’s arm to acquire SEZ unit of Indo Shell Mould
Auto components maker Bharat Forge Ltd on Monday said its step-down subsidiary JS Auto Cast Foundry India will acquire the SEZ unit of Indo Shell Mould Ltd located at SIPCOT, Erode in Tamil Nadu for an undisclosed sum...
InCred Capital acquires digital investment firm Orowealth in all-cash deal
InCred Capital has acquired Orowealth, a wealth technology startup, in an all-cash deal that enables it to enter retail wealth management. Orowealth, which has more than Rs 1,100 crore worth of assets under management...
Adani Power extends timeline to complete acquisition of DB Power till January 15
Adani Power said the timeline for the completion of the Rs 7,017-crore deal to acquire thermal power assets of DB Power Ltd has been extended till January 15, 2023. Earlier, the company had extended the timeline for...
NCLT admits Marvel Realtors under insolvency on IDFC First Bank plea
The bankruptcy court has admitted Marvel Realtors & Developers Ltd under the corporate insolvency resolution process (CIRP) and appointed Manoj Kumar Mishra as the interim resolution professional for the Pune-based...
Radio City’s scheme for NCRPS gets NCLT approval
The National Company Law Tribunal (NCLT) has approved Radio City parent Music Broadcast Ltd’s (MBL) scheme of arrangement for the issuance of non-convertible non-cumulative redeemable preference shares (NCRPS) on...
Tata Motors completes Rs 725 cr acquisition of Ford’s Sanand plant
Tata Passenger Electric Mobility (TPEML), a subsidiary of Tata Motors, has completed the acquisition of Ford India’s vehicle manufacturing plant in Sanand for Rs 725.7 crore, according to an exchange notification. On...
Adani Group acquires NDTV promoters’ additional 27.26% stake for ₹602 crore
Gautam Adani, the world’s third-richest man, took majority control of New Delhi Television, or NDTV, after founders Prannoy Roy and Radhika Roy sold a 27.26% stake in NDTV to an Adani unit for ₹602 crore in several...
Reliance to buy 51% stake in Lotus Chocolate for Rs 74 crore
Reliance Consumer Products Limited (RCPL) said it will acquire 51% in Lotus Chocolate Company for Rs74 crore and will also buy another 26% in an open offer. The capital infused by the FMCG arm of Reliance Industries...
Aster DM Healthcare arm to acquire Adiran IB Healthcare for ₹1.6 cr
Aster DM Healthcare Ltd, a healthcare chain operating across the Gulf and India, on Thursday said its subsidiary has acquired 100 per cent stake in Adiran IB Healthcare Private Limited. Dr. Ramesh Cardiac and...
Sheela Foam to acquire rival mattress maker Kurlon for Rs 2,000 crore, says report
India’s largest mattress manufacturer Sheela Foam will reportedly soon acquire competitor Kurlon for Rs 2,000 crore to further expand its footprint, ET Now reported citing unnamed sources. Kurlon sells Kurl-on...
JSW Energy completes acquisition of Ind-Barath Energy for Rs 1,047 cr
JSW Energy said it has completed the acquisition of 700 MW Ind-Barath Energy (Utkal) for Rs 1,047.60 crore through insolvency proceedings. “Pursuant to the NCLT (National Company Law Tribunal) approval order, the...
