Encube Ethicals has paused plans to sell a majority stake due to a valuation mismatch, said people familiar with the matter. Instead, the company is exploring the possibility of an initial public offering (IPO) by 2027...
Board of Welspun Living approves acquisition of stake in Welspun Corporate Services
The board of Welspun Living at its meeting held on 19 March 2026 has approved the acquisition of 3,500 equity shares of Rs 10 each of Welspun Corporate Services (WCSL) (formerly known as Welspun Home Textiles)...
Sumeet Industries successfully bids for acquisition of Phase-3: Chips Manufacturing Plant of Nakoda
Sumeet Industries has been declared as the Successful Bidder (H1 Bidder) for the acquisition of assets at Phase-3: Chips Manufacturing Plant of Nakoda under the Corporate Insolvency Resolution Process. The Board of...
GAIL to acquire 49% stake in Leafiniti Bioenergy (arm of TruAlt Bioenergy)
TruAlt Bioenergy today announced a strategic investment of Rs 13 crore by GAIL (India) in its subsidiary, Leafiniti Bioenergy (LBPL), marking a significant step in advancing its Compressed Biogas (CBG) portfolio and...
Mortgage lender Weaver buys majority stake in Centrum Housing
Housing finance company Weaver Services Pvt Ltd has acquired a majority stake in Centrum Housing Finance Ltd (CHFL). Weaver on Wednesday said it has completed raising ₹1,450 crore from Premji Invest, Lightspeed Venture...
Centre has no plans to exit Vodafone Idea: Jyotiraditya Scindia
Union communications minister Jyotiraditya Scindia said Indian telecom operators are among the healthiest globally, with the sector continuing to grow steadily. He added that the government is evaluating the next phase...
Adani Enterprises gets NCLT nod for JAL takeover
The National Company Law Tribunal (NCLT) has approved the acquisition of Jaiprakash Associates Ltd (JAL) by Adani Enterprises, clearing the way for one of the most high-profile resolutions under India’s insolvency...
Tata Steel to merge wholly owned subsidiary NINL, aims to optimise operations
Tata Steel’s board has approved the merger of its wholly owned subsidiary, Neelachal Ispat Nigam (NINL), with the company, as the steelmaker looks to simplify its structure, improve raw material...
Government likely to restart IDBI Bank privatisation process from scratch
The government is likely to restart the IDBI Bank privatisation process de novo, or from scratch, after financial bids received came in below the reserve price and the exercise was called off last week, according to...
WeCP, built by Abhishek Kaushik, gets acquired by Invisible to train AI models
When Invisible Technologies announced this week that it would acquire the technical assessment platform WeCP, the news highlighted a growing shift in the artificial intelligence industry. The platform, founded by Indian...
Leela Palaces Hotels acquires luxury resort in Coorg
Leela Palaces Hotels and Resorts on Tuesday announced the acquisition of an ultra-luxury resort in Coorg, Karnataka. The Leela Coorg Forest Sanctuary extends the hospitality player’s portfolio into one of South...
Ola Electric plans to raise Rs 2,000 crore via stake sale in Ola Cell Technologies
Ola Electric Mobility, which has lost nearly three-fourths of its stock value since its initial share sale in 2024, plans to raise around Rs 2,000 crore by offering investors a stake in its subsidiary Ola Cell...
