The government is likely to periodically revise the proposed ₹2,000 crore deal value threshold for mandatory Competition Commission of India (CCI) approval for global mergers and acquisitions with an India play...
V-Guard Industries to acquire Sunflame Enterprises for Rs 660 crore
V-Guard Industries (V-Guard) is going to acquire 100% stake in kitchen appliance company Sunflame Enterprises for a deal pegged at Rs 660 crore on a cash-free and debt-free basis. The definitive agreement was signed on...
India to extend deadline for bidders to show interest for IDBI Bank stake, source says
India will extend the deadline to submit expressions of interest for its stake sale in IDBI Bank to early next month from Dec. 16, a government source aware of the development told reporters in New Delhi on Friday. This...
Government working out transaction structure of RINL strategic sale, says DIPAM Secretary
The government is working out the transaction structure for the strategic sale of RINL or Vizag Steel, DIPAM Secretary Tuhin Kanta Pandey said on Friday. The Cabinet Committee on Economic Affairs had in January 2021...
JSPL acquires Monnet Power for Rs 410 crore at auction
Jindal Steel and Power (JSPL) has acquired bankrupt Monnet Power for ₹410 crore at an auction held last month, said two people aware of the development. Adani Power and J Kumar Infraprojects were also in the fray to...
Gopal Snacks founder buys out brother in co
Bipin Hadvani, founder of Gujarat’s Gopal Snacks Pvt. Ltd, has raised debt from a JM Financial entity to buy out his younger brother Praful’s 30% stake in the company, two people familiar with the transaction said...
Hindustan Unilever to acquire 19.8% in Nutritionalab for ₹70 crore
Hindustan Unilever Limited (HUL) announced today that it is going to acquire 19.8% shareholding for ₹70 crore of Nutritionalab Private Limited, a private limited company incorporated in India. Health and Wellbeing...
Shriji Polymers buys controlling stake in Parekhplast India Limited
Shriji Polymers (India) Limited, manufacturer of packaging solutions in rigid plastics for the pharma industry, announced on Wednesday that it has invested in Parekhplast India Limited and bought a controlling stake in...
Bankruptcy resolution rate of realty companies among the poorest, says new study
Just about 5% of cases under the Insolvency & Bankruptcy Code (IBC) involve real estate, and the sector has one of the lowest resolution rates but also highest claim realisations, according to a joint analysis by...
5paisa Capital zooms 8% on acquiring IIFL’s online broking business
Shares of 5paisa Capital and IIFL Securities zoomed up to 8% in Wednesday’s trade after the former announced the acquisition of the latter’s online broking business. 5paisa Capital, a discount broking unit...
Concor stake sale: Inter-ministerial group expected to clear EOI today
In another step towards the divestment of government stake in Container Corporation of India (Concor), an inter-ministerial group will meet on Thursday to clear the expression of interest (EoI) for the stake sale. The...
HDFC Bank files petition for NCLT approval to the proposed merger
Private sector lender HDFC Bank said that it has filed a petition with the National Company Law Tribunal (NCLT) to approve the proposed merger with Housing Development Finance Corp. Ltd. “Filing of the Joint Company...
