The Competition Commission of India on Tuesday cleared ONGC-NTPC Green’s proposal to acquire renewable energy firm Ayana for Rs 19,500 crore (USD 2.3 billion). ONGC-NTPC Green Pvt Ltd (ONGPL), a 50:50 joint...
SRF acquires Kanpur Plastipack’s CPP business to bolster offerings
SRF Ltd will enter into the cast polypropylene (CPP) film business by acquiring the entire plant and machinery from Kanpur Plastipack Ltd (KPL) for ₹49.25 crore, the company said in a stock exchange filing on Tuesday...
B2B SaaS company Perfios acquires debt management firm CreditNirvana
Perfios, a provider of software services to banks and other financial services companies, has acquired CreditNirvana, a debt management and collections platform. The company did not disclose the financial terms of the...
Supreme Inds to acquire Piping business of Wavin India for $30 million
Supreme Industries said that it has entered into an agreement for acquiring the Indian Piping (building and infrastructure) business of Wavin Industries for an aggregate consideration of $30 million plus networking...
NCLAT dismisses plea against resolution plan approval for Duncans Ind
Appellate tribunal NCLAT has set aside petitions against the NCLT order that approved the resolution plan for Duncans Industries. The National Company Law Appellate Tribunal (NCLAT) also clarified that while approving...
NCLT okays Leo Meridian Infrastructure Projects’ acquisition by Jalavihar Entertainment Consortium
The Hyderabad bench of the National Company Law Tribunal (NCLT) approved the Jalavihar Entertainment Pvt Ltd (JEPL)-led consortium’s acquisition of Leo Meridian Infrastructure Projects & Hotels Ltd. The defunct...
NCLAT issues notice to Ambuja Cements over Alok Sanghi’s insolvency plea
The NCLAT has issued a notice to Adani Group entity Ambuja Cements over a plea filed by Alok Sanghi, former promoter of Sanghi Industries, which was acquired by Ambuja in 2023. Passing an interim order on Tuesday, the...
Religare Enterprises withdraws NCLAT petition against CCI order favouring Burman group’s stake buy
Religare Enterprises has withdrawn its appeal at the NCLAT against a competition watchdog CCI order that allowed four Burman group entities to acquire a 5.27 per cent stake in the financial services firm. The move comes...
Anya Polytech and Fertilizers Ltd acquires 60 percent paid-up equity of Polyfilm Packaging Pvt Ltd
Anya Polytech & Fertilizers Ltd (NSE – ANYA), company engaged in the business of fertilizers has acquired 60% of the paid up equity share capital of Polyfilm Packaging Pvt Ltd. This strategic investment...
NCLAT upholds ICICI Securities delisting, dismisses shareholders challenge
The companies appeal court on Monday upheld the delisting of ICICI Securities Ltd from the stock exchanges, rejecting challenges by shareholders Quantum Mutual Fund and an individual investor. “All appeals dismissed,”...
Walchandnagar Inds hits the roof after inking pact to acquire 60% stake in Aicitta
Walchandnagar Industries hit an upper circuit of 5% at Rs 161.75 after the company entered into share subscription and shareholders’ agreement to acquire 60.3% stake in Aicitta Intelligent Technology Private...
Jindal Drilling & Industries acquires jack-up rig “Jindal Pioneer”
Jindal Drilling & Industries has acquired jack-up rig Jindal Pioneer from Discovery Drilling, Singapore, (a joint venture of the Company), at a consideration of USD 75 million. The said acquisition is funded by...
