Dairy company Heritage Foods Ltd said on Monday it has acquired a 51 per cent stake in Peanutbutter and Jelly Pvt Ltd, which owns health-focused ice cream brand Get-A-Way, for Rs 9 crore. The acquisition is expected to...
Defence firm Sanlayan Technologies acquires strategic stake in Versabyte Data Systems
Sanlayan Technologies, an integrated defence electronics company, has acquired a strategic stake in Versabyte Data Systems, a supplier of power electronics to India’s defence sector, part of its push to expand across...
Thyrocare promoter sells 10% stake for Rs 667 crore
Docon Technologies, one of the promoters of Thyrocare Technologies, on Friday divested a 10 per cent stake in the diagnostics chain for Rs 667 crore through an open market transaction. According to the bulk deal data on...
Premier Energies, Syrma SGS shares in focus on JV to acquire KSolare Energy for Rs 170 crore
Shares of Premier Energies Limited and Syrma SGS Technologies Limited are expected to be in focus on Friday, October 24, after the two companies announced a joint acquisition of KSolare Energy Private Limited, a Pune...
Why are India’s top conglomerates racing to take over bankrupt Jaiprakash Associates?
Last week the Competition Commission of India (CCI) approved mining major Vedanta’s ₹17,000-crore bid for Jaiprakash Associates Ltd (JAL), the bankrupt flagship entity of Noida’s Jaypee Group. In doing so, it set the...
CCI clears Torrent Pharma’s proposal to buy stake in JB Chemicals
Fair trade regulator CCI on Tuesday cleared Torrent Pharmaceuticals Ltd’s proposed acquisition of a stake in JB Chemicals and Pharmaceuticals, subject to voluntary modifications offered by the companies. The...
Premier Energies forays into transformer manufacturing by acquiring 51% stake in Transcon
Premier Energies on Thursday announced its foray into transformer manufacturing by acquiring a majority 51 percent stake in Transcon Industries for a total consideration of Rs 500.3 crore. The acquisition is a key...
Bankruptcy court admits IDBI Bank’s insolvency resolution plea against Wind World arm
The Mumbai bench of the National Company Law Tribunal (NCLT) has ordered the initiation of the corporate insolvency resolution process (CIRP) against Wind World (India) Infrastructure following an application filed by...
Marengo Asia acquires Gujarat-based Sunshine Global Hospitals
Marengo Asia Hospitals on Thursday said it has acquired Gujarat-based Sunshine Global Hospitals with a combined capacity of 350 beds in Surat and Vadodara. “As we expand our presence in Western India, we are...
NCLT dismisses shareholder oppression case against Jindal Poly group company
The National Company Law Tribunal (NCLT) has dismissed a lawsuit claiming shareholder oppression by a Jindal Poly Films group firm which indirectly owns packaging film assets acquired from Exxon Mobil in 2013 by the...
Pahal Financial Services buys Rs 700 crore portfolio from Sub-K
In one of the biggest portfolio acquisitions in the microfinance sector, Gawa Capital-backed Pahal Financial Services has acquired a Rs 700-crore loan portfolio from Hyderabad-based Sub-K Impact Solutions along with its...
Bankruptcy court admits IDBI Bank’s insolvency resolution plea against Wind World arm
The Mumbai bench of the National Company Law Tribunal (NCLT) has ordered the initiation of the corporate insolvency resolution process (CIRP) against Wind World (India) Infrastructure following an application filed by...
