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...
Sunil Mittal in talks to buy 49% stake worth $2 billion in Haier India
Sunil Mittal is in advanced talks to acquire a 49% stake in the Indian unit of China’s Haier Smart Home Co., according to people familiar with the matter, as the billionaire looks to tap growing demand for goods such as...
Bhushan Power creditors weigh legal options after SC scraps JSW Steel deal
Creditors to Bhushan Power & Steel, including State Bank of India, Punjab National Bank, and Asset Care Reconstruction Enterprise (ACRE), are assessing the legal paths available to them after the Supreme Court...
Nazara’s resolution plan to acquire Smaaash gets NCLT nod
The National Company Law Tribunal (NCLT) has approved gaming and media firm Nazara Technologies’ resolution plan to acquire Sachin Tendulkar-backed Smaaash Entertainment, which has been undergoing insolvency proceedings...
Absolute Sports to acquire pro-wrestling sites TJRWrestling and ITRWrestling in $1.25 million deal
Absolute Sports, the parent company of sports news website Sportskeeda and a subsidiary of Nazara Technologies, is set to acquire two pro-wrestling media properties—TJRWrestling and ITRWrestling—in a $1.25 million all...
KPIT to buy Caresoft’s engineering solutions unit for $191 million
KPIT Technologies on Tuesday announced the acquisition of Caresoft Global’s engineering solutions business for a total consideration of up to $191 million. The buyout would strengthen KPIT’s commercial...
BrowserStack acquires Y Combinator-backed Requestly to strengthen developer tools stack
BrowserStack has acquired Requestly, a developer tool for HTTP interception, application programming interface (API) mocking, and debugging, as it looks to expand its offerings for frontend developers. The terms of the...
Board of Enviro Infra Engineers approves acquisition of EIE Renewables
At meeting held on 06 May 2025 The Board of Enviro Infra Engineers at its meeting held on 06 May 2025 has approved the acquisition of EIE Renewables. The proposed acquisition will enable the Company to tap the...
Government to finalise view on liquidation of Bhushan Power and Steel soon, says DFS Secretary
The government is reviewing the Supreme Court’s order on liquidation of Bhushan Power and Steel Ltd and it will take a view on the matter based on the discussions with the senior government advocates, said M...
IBC rules under review after scrapping of JSW Steel’s BPSL acquisition
India is reviewing its insolvency regulations to ensure strict adherence to stipulated processes and timelines by key stakeholders to prevent cases like JSW Steel’s acquisition of Bhushan Power and Steel (BPSL)...
