L&T Finance Ltd. (LTF), on Monday, announced the completion of transfer of gold loan business of Paul Merchants Finance Private Ltd. (PMFL), a wholly owned subsidiary of Paul Merchants Ltd., to LTF. LTF is one of...
Mumbai NCLT allows 90-day extension of insolvency resolution for Lavasa Corp
The Mumbai bench of National Company Law Tribunal (NCLT) has allowed a 90-day extension in the ongoing consolidated corporate insolvency resolution process (CIRP) of Lavasa Corp beginning May 29. The planned city...
‘Smaaash is coming back’: Nazara Technologies acquires Smaaash Entertainment for Rs 126 crore
Gaming conglomerate, Nazara Technologies, has completed the acquisition of Smaaash Entertainment for a total of Rs 126 crore making the insolvency ridden sports entertainment entity as a wholly owned subsidiary of...
NCLAT upholds insolvency proceedings against Jaypee Cement Corporation
In a decisive move earlier this week, the National Company Law Appellate Tribunal (NCLAT) upheld the initiation of insolvency proceedings against Jaypee Cement Corporation Ltd (JCCL), rejecting an appeal filed by Alok...
ITC bets on buyouts to grow food business
After the recent acquisitions of Yoga Bar and 24 Mantra Organic, ITC Foods is sharpening its focus on strategic takeovers to accelerate growth, gain rapid entry into high-potential categories, and align with consumer...
JK Cement acquires 60% stake in J&K-based Saifco Cements for Rs 150 cr
JK Cement has completed the acquisition of a majority 60 per cent stake in Jammu & Kashmir-based Saifco Cements for Rs 150 crore, formalising a joint venture with the company. This makes the JK Organisation group...
IndiGrid to acquire transmission, solar assets for Rs 2,100 cr
IndiGrid on Saturday said it will acquire ReNew Solar Aayan, a 300 MW (AC) solar project, and Koppal Narendra Transmission in two separate transactions for about Rs 2,108 crore. Inclusive of the adjustments, the...
Power Grid Corp Acquires MEL Power Transmission
State-owned Power Grid Corporation of India on Thursday announced the acquisition of MEL Power Transmission, a special purpose vehicle (SPV), from PFC Consulting, entailing an investment of Rs 558 crore. PFC Consulting...
Central Bank of India completes acquisition of stake in two Future Generali India Insurance companies
Central Bank of India (CBoI) on Thursday said it has completed acquisition of 24.91 per cent equity stake in Future Generali India Insurance Company Ltd (FGIICL) and 25.18 per cent equity stake in Future Generali India...
Zaggle to acquire spend management firm Dice Enterprises for Rs 123 Cr
Zaggle Prepaid Ocean Services Ltd., a Mumbai-listed financial technology company, said on Wednesday it has agreed to acquire the entire share capital of Dice Enterprises Private Limited for Rs 123 crore. The...
NCLAT stays insolvency proceedings against Reliance Infrastructure
Reliance Infrastructure received a significant reprieve as the NCLAT stayed the insolvency proceedings initiated against it. This decision suspends the NCLT’s previous order from May 30, 2025, which admitted the...
India’s recent M&A wave could expose firms to huge security risks: Okta’s Ben Goodman
Indian mergers and acquisitions (M&A) activity grew by 38 per cent in 2024, with 2,186 deals totalling $116 billion. However, mergers like those of the Air India-Vistara merger, Tesla and Tata Electronics, Reliance...
