Bengaluru-based Capillary Technologies, which provides customer engagement and loyalty software services, said that it acquired certain assets of Kognitiv, a Canadian company that helps clients manage their customer...
Omega Hospitals acquires majority stake in Surat based 170 bed, JMX hospitals
In a significant move, Omega Hospitals, India’s second largest Oncology chain, has acquired a majority stake JMX Comprehensive Cancer Care & JMX Multi Super Speciality Hospital in Surat, Gujarat. Backed by a...
Ireda files insolvency application against Gensol Engineering for default of ₹510 cr
The state-run Indian Renewable Energy Development Agency (Ireda) on Wednesday filed an insolvency application against Gensol Engineering Ltd for a default of ₹510 crore, according to an exchange filing by the clean...
NCLT adjourns hearing on Bhushan Power & Steel’s promoter plea for a month
The NCLT on Tuesday adjourned its hearing over a petition filed by Sanjay Singhal, former promoter of debt-ridden Bhushan Power & Steel Ltd (BPSL), to June 26. Singhal has approached the National Company Law...
CCI clears Knowledge Realty’s acquisition of Blackstone, Sattva entities
The Competition Commission of India on Tuesday approved IPO-bound Knowledge Realty Trust’s acquisition of several entities affiliated with private equity major Blackstone and Bengaluru-based Sattva Group...
NCLT admits L&T Finance plea against Tikona Infinet over unpaid dues
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted L&T Finance’s application to initiate bankruptcy proceedings against Tikona Infinet. The financial creditor has alleged a default of...
Oberoi Realty sells 21.74% in JV I-Ven Realty to Alpha Wave for Rs 1,250 cr
Realty developer Oberoi Realty has sold 21.74% stake in its joint venture company I-Ven Realty to global investment firm Alpha Wave Ventures II for Rs 1,250 crore, making it one of the largest private equity investments...
India’s insolvency law has bankers going bald
If harsh haircuts on bankrupt assets weren’t bad enough, India’s lenders must now be going bald with worry. A recent court order has raised the unpleasant prospect of having to return the money new owners paid them to...
Arvind to acquire 26% stake in Torrent Urja 28
To source renewable power for its captive requirement, Arvind has entered into a Share Subscription and Shareholders’ Agreement with Torrent Green Energy (Sponsor) and its subsidiary, Torrent Urja 28 (TUPL). As...
Biocon to evaluate merger with subsidiary Biologics
Biocon Group’s board is setting up a committee to evaluate strategic restructuring options, including a merger of its biosimilars arm Biocon Biologics Ltd with its flagship Biocon Ltd. The options would be evaluated...
Bhushan Power ex-promoter moves NCLT to give effect to SC liquidation order
Sanjay Singal, the erstwhile promoter of Bhushan Power and Steel (BPSL), has filed an application before the National Company Law Tribunal (NCLT) Delhi, seeking directions to implement the Supreme Court’s recent...
Mahindra seeks CCI approval to acquire 59% stake in SML Isuzu for ₹555 cr
Mahindra & Mahindra (M&M) has sought approval from the Competition Commission of India to acquire majority stake in commercial vehicle maker SML Isuzu. The company had earlier announced that it would acquire 58...
