India’s second largest pathology laboratory chain Metropolis Healthcare is set to acquire Agra-based Scientific Pathology for an all-cash deal that would range between Rs 55-83 crore based on some revenue and Ebitda...
NCLAT condones delay in plea to initiate insolvency against PepsiCo, to list for hearing
The National Company Law Appellate Tribunal (NCLAT) on Monday condoned the delay over a plea to initiate an insolvency petition filed against food & beverage major PepsiCo India Holdings by one of its operational...
Chemplast Sanmar to acquire 18.46% stake in JSW Green Energy Nine for Rs 21.38 crore
Chemplast Sanmar announced that it, along with its subsidiary, Chemplast Cuddalore Vinyls, will acquire equity shares in JSW Green Energy Nine, a special purpose vehicle established by JSW Neo Energy for renewable power...
Aurobindo Pharma acquires 80% stake in Tergene Biotech
Aurobindo Pharma has completed the acquisition of 80% stake in Tergene Biotech, a step-down subsidiary of the company and also a joint venture company, held by Auro Vaccines, a wholly owned stepdown subsidiary of the...
Law changes on cards for quick CCI nod for distressed asset sales after SC order
The government is exploring urgent legislative changes to ensure swift approvals from the Competition Commission of India (CCI) for the sale of distressed assets after a Supreme Court (SC) order cast a cloud over...
Why Piramal wants to exit its decade-plus insurance ventures with Shriram
Piramal Enterprises Ltd is planning to sell its holdings in Shriram Group’s insurance ventures for ₹4,000-5,000 crore, two people aware of the matter said, as it looks to sharpen focus on its core lending business...
Adani Power rises 3% after securing approval to acquire former Anil Ambani-owned power firm
Shares of Adani Power climbed as much as 2.9% on Thursday to Rs 512.3 on the BSE after the company received a Letter of Intent (LoI) for the acquisition of Vidarbha Industries Power Ltd (VIPL), a thermal power company...
NCLAT sets aside insolvency proceedings against Coffee Day Enterprises
The National Company Law Appellate Tribunal (NCLAT) on Thursday set aside insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Café Coffee Day (CCD), dismissing a bankruptcy plea filed...
Airtel says in talks with Tatas to combine Tata Play with Bharti Telemedia
Bharti Airtel has said it’s in talks with the Tata Group to combine the latter’s direct-to-home business, housed under Tata Play, with Bharti Telemedia — a unit of the Sunil Mittal-led telecom operator. “Bharti Airtel...
InCred Finance acquires TruCap’s gold loans business
Non-banking finance company (NBFC) InCred Finance has acquired NBFC TruCap Finance’s gold loan business through a slump sale. In a stock exchange filing, TruCap said the total value of the deal will be about Rs 330...
Connekkt Media acquires Hollywood marketing agency Mob Scene
Connekkt Media, one of Asia’s fastest growing media and entertainment companies, has acquired Mob Scene, a premier Hollywood marketing agency known for marketing some of the biggest Hollywood blockbusters and franchises...
Axis Bank is said to weigh majority stake sale of $1 bn shadow bank unit
Axis Bank Ltd. is considering options for Axis Finance Ltd., including the possible sale of a majority stake in the shadow-bank unit, according to people familiar with the development. The private sector lender is...
