The National Company Law Tribunal (NCLT) has approved steel manufacturer Radha Smelters Pvt Ltd’s resolution plan to acquire GVK Gautami Power Ltd through the insolvency resolution process. The Hyderabad-based TMT...
Juniper Hotels gain 4% on acquiring 100% stake in Jenipro Hotels; Details
Juniper Hotels shares advance 4 per cent in trade on BSE, logging an intraday high at Rs 287 per share. The buying in the stock sparked after the company entered into a share purchase agreement with Jenipro Hotels...
NCLAT junks bankruptcy case against Essar Oil and Gas Exploration
The National Company Law Appellate Tribunal (NCLAT) has set aside the bankruptcy case against Essar Oil and Gas Exploration and Production Ltd (EOGEPL), a subsidiary of Essar Group. An NCLAT bench led by chairperson...
HUL shares in focus after CCI approves acquisition of skincare brand Minimalist
Shares of FMCG major Hindustan Unilever (HUL) will be in focus on Tuesday after the Competition Commission of India (CCI) approved the company’s proposal to acquire Uprising Science, the parent company of beauty and...
Zen Technologies shares zoom after acquiring 45% stake in Bhairav Robotics
Share of Zen Technologies advanced 4.5 per cent on Wednesday after it acquired 45.3 per cent stake in of Bhairav Robotics Private Limited, making it an associate company. Zen Technologies’ stock rose as much as 4.51 per...
LIC to announce acquisition in health insurance firm by Mar 31: CEO Mohanty
State-owned Life Insurance Corporation of India (LIC) is in advanced stages of negotiation to buy a ‘substantial’ stake in a standalone health insurer to broaden its footprint in that segment, the insurer informed the...
IIHL completes acquisition of RCAP; mgmt transfer to take place on Wed
IndusInd International Holdings Ltd (IIHL) has completed the transaction to acquire debt-ridden Reliance Capital (RCAP) by transferring the entire bid amount to lenders, IIHL chairman Ashok Hinduja said on Tuesday. The...
CCI approves Tata Sons’ acquisition of 10% stake in Tata Play from Temasek
The Competition Commission of India (CCI) has approved Tata Sons’ acquisition of a 10% stake in direct-to-home (DTH) provider Tata Play from Temasek-owned Baytree Investments. Post acquisition, Tata Sons’...
Hindustan Unilever gets CCI nod for Minimalist buy
The Competition Commission of India (CCI) has approved Hindustan Unilever Limited’s (HUL) acquisition of Uprising Science Private Limited, the parent company of the beauty and personal care brand Minimalist. HUL had...
BCCI clears Torrent Group’s 67% stake acquisition in Gujarat Titans from CVC
The Board of Control for Cricket in India (BCCI) has approved Torrent Group’s acquisition of a 67% stake in Indian Premier League (IPL) franchise Gujarat Titans from private equity firm CVC Capital Partners. With...
Supertails eyes Blue 7 Vets acquisition to expand offline pet care footprint
Pet care startup Supertails is in talks to acquire Blue 7 Vets, a multispecialty veterinary clinic, as part of its strategy to expand its offline presence, two people familiar with the matter told Mint. “Supertails is...
Norway’s Statkraft looks to sell India assets for $2 billion
Norwegian utility Statkraft hired EY to facilitate the sale of its Indian hydropower and solar power assets at an expected valuation of $2 billion, said people in the know. A formal launch of the sale process could...
