Jindal Stainless has received regulatory approval for its merger with Jindal Stainless (Hisar) from the National Company Law Tribunal. The iron and steel company, in its filing with the exchanges, today said...
NDTV founders to divest majority stake to Adani Group
The founders of New Delhi Television(NDTV), Radhika Roy and Prannoy Roy, will divest majority of their stake in the company to Adani Group company AMG Media Network, they said in a release. Following the recent open...
NCLAT upholds ₹751 cr CCI order against United Breweries
The appellate tribunal NCLAT on Friday upheld the regulator Competition Commission of India (CCI) order of penalty of ₹751.83 crore on Kingfisher beer manufacturer, United Breweries. The competition watchdog found...
JK Cement buys controlling stake in Acro Paints for Rs 153 crore
JK Cement has acquired a controlling stake in Acro Paints through a wholly owned subsidiary for Rs. 153 crore, according to a press statement from the company. The acquisition has been carried out through JK Paints and...
Reliance Infratel goes to Jio for Rs 3,720 crore for asset acquisition
Reliance Projects and Property Management Services — a subsidiary of telecom major Reliance Jio — has deposited Rs 3,720 crore in an SBI escrow account to acquire mobile tower and fibre assets of Reliance Infratel. The...
Jashvik Cap to acquire 30% in Jabsons
Jashvik Capital, a growth private equity firm, is acquiring a significant minority stake in Jabsons Foods Pvt. Ltd, an ethnic savoury snacks firm based in Bharuch, Gujarat, a person in the know said. This is Jashvik...
Year-End Special: Acquisitions and mergers of mutual funds in 2022
Mutual fund mergers and acquisitions are not new in the industry. In 2022 also the industry saw a few fund houses getting merged and acquired. The year 2021 ended with Sundaram Mutual Fund taking over Principal Mutual...
NCLT approves merger of Kalpataru Power Transmission, JMC Projects
Kalpataru Power Transmission Ltd (KPTL) on Wednesday said the National Company Law Tribunal has approved the merger of JMC Projects (India) Ltd with the firm, making it one of the country’s largest listed...
Torrent wins race to acquire RCap with Rs 8,640 crore offer to lenders
Ahmedabad-based Torrent group has won the race to acquire Reliance Capital after making an offer of Rs 8,640 crore for the company in an auction held on Wednesday. The offer was made by the promoter entities of the...
Florintree Advisors buys stake in Cybrilla
Florintree Advisors, led by former Blackstone India head Mathew Cyriac, has invested about $2 million ($16.5 million) for a minority stake in Cybrilla Technologies Pvt. Ltd, which provides fintech infrastructure to...
NCLAT rejects Promoters plea challenging insolvency of Srei group cos
The National Company Law Appellate Tribunal (NCLT) on Wednesday rejected Srei Infrastructure Finances’ promoter Adisri Commercial’s plea challenging the Kolkata National Company Law Tribunal’s 8 October 2021 insolvency...
Airtel acquires strategic stake in Lemnisk
Bharti Airtel has acquired a strategic stake in Lemnisk (Immensitas Private Limited) under its StartUp Accelerator Program. Through this acquisition, the telco will work towards creating a customer data platform (CDP)...
