Indian steelmaker JSW Steel said on Wednesday it has filed a review petition before the country’s top court, related to the rejection of its $2.3 billion takeover plan of Bhushan Power and Steel (BPSL). Early last...
CCI approves acquisition of certain issued and paid-up equity share capital of Haldiram
The Competition Commission of India (CCI) on Tuesday approved the acquisition of certain issued and paid-up equity share capital of Haldiram Snacks Food Private Limited by Alpha Wave Ventures II LP and Alpha Wave IHC...
Adani, Vedanta, Dalmia, JSPL among six bidders for Jaypee Associates
Jaiprakash Associates Ltd. (JAL), the debt-laden infrastructure and real estate company, has drawn six resolution plans from suitors including Adani Group, Vedanta, JSPL (Naveen Jindal), Suraksha Group, Dalmia Bharat...
CCI clears Manipal Group’s stake purchase in Aakash, Bain Capital’s deal with Manappuram Finance
The Competition Commission of India (CCI) on Tuesday said it has cleared three proposals, including Bain Capital’s stake acquisition in Manappuram Finance and Manappuram Asset Finance, and Ranjan Pai-led Manipal Group’s...
Nuvoco Vistas completes Rs 1800 cr Vadraj cement acquistion
Nirma Group’s Nuvoco Vistas Corp has made the Rs 1800 crore payment to lenders led by Punjab National Bank (PNB) and Union Bank of India completing its acquisition of the debt-ridden Vadraj Cement. The money was...
Incuspaze acquires Trios ahead of $25 million pre-IPO fundraising
Flexible workspace provider Incuspaze has acquired Pune-based smaller rival Trios ahead of a $25 million (about Rs 215 crore) planned pre-IPO fundraising, its founder said. He did not disclose the financial terms of the...
Multiples, 360 One among homegrown PEs eyeing a minority stake in VIP Industries
Domestic private equity (PE) firms such as Multiples Alternatives and 360 One are in talks to pick up a minority stake in listed luggage and travel accessories maker VIP Industries, three people with knowledge of the...
India Cements to sell its subsidiary Industrial Chemicals
India Cements Ltd (ICL), owned by the Aditya Birla group, on Saturday said it will sell its subsidiary Industrial Chemicals and Monomers to Mirai Sensing. The board of the company has approved the sale with a...
JSW Energy to bid for Raigarh Champa Rail Infra as NCLAT allows fresh bidding
National Company Law Appellate Tribunal quashed a Hyderabad bench NCLT order that denied permission to the lenders of debt-ridden Raigarh Champa Rail Infrastructure to start a fresh bidding process. This is a relief for...
Nuvoco Vistas completes Rs 1800 cr Vadraj cement acquistion
Nirma Group’s Nuvoco Vistas Corp has made the Rs 1800 crore payment to lenders led by Punjab National Bank (PNB) and Union Bank of India completing its acquisition of the debt-ridden Vadraj Cement. The money was...
Hindalco Inds rises after acquiring 100% stake in Aditya Holdings LLC via subsidiary
Hindalco Industries rose 1.84% to Rs 653.25 after the company announced that its wholly owned subsidiary, A.V. Minerals (Netherlands) N.V., had acquired a 100% stake in Aditya Holdings LLC, making it a step-down wholly...
Krutrim acquires BharatSah’AI’yak to expand AI footprint in public sector
Krutrim, the artificial intelligence start-up founded by Ola’s Bhavish Aggarwal, has acquired BharatSah’AI’yak, an AI-powered platform developed by Samagra, in a move aimed at deepening its footprint in India’s public...
