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...
Triveni Engineering promoter to sell 7% stake
The promoter of Triveni Engineering Industries Ltd Dhruv Sawhney will pare his stake in the company through a secondary placement. This will comprise 17 million shares or a 7.03% stake in the company at ₹280-285 apiece...
Hinduja Tech acquires Drive System Design; to expand eMobility services
Hinduja Tech, part of the diversified business conglomerate Hinduja Group has acquired Drive System Design for an ‘undisclosed sum’ to expand its eMobility services from development to production, the...
NCLT reserves order on Suraksha’s bid to acquire Jaypee Infratech, complete 20k flats
The insolvency tribunal NCLT has reserved its order on Mumbai-based Suraksha group’s bid to acquire Jaypee Infratech Ltd and complete around 20,000 flats for aggrieved homebuyers. While a two-member special bench...
Sterlite Power acquires transmission project from PFC Consulting
Sterlite Power on Tuesday said it has acquired Kishtwar Transmission Ltd, a special purpose vehicle (SPV,) from PFC Consulting Ltd. (PFCCL). The project was awarded to Sterlite Power through tariff-based competitive...
NCLT rejects claims of foul play in insolvency of Radius Estates
National Company Law Tribunal (NCLT) has rejected claims of foul play in the resolution process of Mumbai realtor Radius Estates for which Adani group company, Adani Good Homes, has emerged as the successful bidder, as...
Aditya Birla Group leads race to add W owner to cart
Aditya Birla Fashion is now the frontrunner to acquire TCNS Clothing Co, owner of the listed women’s branded apparel retailer that owns brands such as W, Elleven and Aurelia, pulling ahead of Nykaa in what has...
The Good Glamm Group acquires majority stake in Twinkle Khanna’s Tweak India
Good Glamm Group has acquired a 51% stake in digital media company Tweak India in a cash-and-stock deal. ET was the first to report on September 20 that the content-to-commerce (C2C) company planned to acquire the...
