News broadcaster NDTV has disclosed that Adani Group firm Vishvapradhan Commercial Private Limited (VCPL) has acquired 8.27% of stake in the company in the recently concluded open offer. The total shareholding of Adani...
NCLT admits listed coaching firm MT Educare under Corporate Insolvency Resolution Process
A bankruptcy court has admitted the listed MT Educare, formerly known as Mahesh Tutorials, into the corporate insolvency resolution process (CIRP) and appointed Ashwin Bhavanji Shah as the interim resolution...
Wipro Consumer to acquire Kerala based food firm Nirapara
Wipro Consumer Care and Lighting announced a definitive agreement to buy Nirapara, one of the largest-selling traditional food brand in Kerala. This acquisition comes after Wipro’s announcement of its entry into the...
Promoter Reliance Retail to sell 2% stake in Just Dial
Promoter Reliance Retail Ventures plans to sell 2% stake in Just Dial through the open market by the end of this month in order to comply with regulatory requirements. Promoter and promoter group entities together hold...
Promoters to sell 3.5% stake in Sterling and Wilson Renewable via OFS
Promoters Shapoorji Pallonji and Co and Khurshed Yazdi Daruvala plan to together sell 3.57% stake in Sterling and Wilson Renewable Energy through an offer for sale on Tuesday and Wednesday. Shapoorji Pallonji proposes...
Tata in talks to buy majority stake in UTI AMC from 4 PSU finance entities
The Tata Group is looking to buy a majority stake in India’s eighth largest mutual fund UTI Asset Management Co (AMC). The group is in final stages of negotiation to buy the stake from four state-owned financial...
Indifi Technologies picks minority stake in BizeeBuy
Accel-backed lending platform Indifi Technologies Pvt Ltd announced that it has acquired a minority stake in Intellifi Technologies Private Limited, which operates B2B (business-to-business) service platform BizeeBuy...
Axis Finance asks resolution professional to intervene to stall Zee deal with Sony
Axis Finance Ltd (AFL) has requested Raj Kamal Saraogi, the resolution professional overseeing personal insolvency proceeding against Subhash Chandra, to intervene and stop the amalgamation scheme between Zee...
Jet engineers move SC against resolution plan
An association of Jet Airways maintenance engineers has filed a petition in the Supreme Court against the airline’s resolution plan, claiming the plan ignores workers’ rights, and the liquidation value of the debt-laden...
Govt to sell up to 5% stake in IRCTC via OFS; floor price fixed at Rs 680/share
The government will sell up to 5% stake in the Indian Railway Catering and Tourism Corporation (IRCTC) through an offer for sale (OFS) on the exchanges on Thursday and Friday. Up to 4,00,00,000 shares will be offered in...
HDFC Bank acquires 7.75% stake in payments startup Mintoak
HDFC Bank will take a minority stake in fintech startup Mintoak Innovations for Rs 31.14 crore in cash, the private sector lender said in an exchange filing. After completion of the deal, it will hold 7.75% of the total...
JB Pharma acquires cardiac brand from Glenmark for Rs 314 crore
JB Pharma on Wednesday said it has acquired cardiac brand Razel (rosuvastatin) for India and Nepal region from Glenmark for Rs 314 crore in an all-cash deal. The acquisition will be funded through long-term debt and...
