The National Company Law Tribunal (NCLT) dismissed a liability claim by JC Flowers ARC Pvt Ltd against Housing Development & Infrastructure Ltd. (HDIL), ruling that the debt did not qualify as a “financial debt”...
Bankruptcy court rejects plea to implement Zee-Sony merger
The Mumbai bench of the bankruptcy court recently disposed of an application filed by Phantom Studios India (PSIPL), which sought to implement a merger scheme between Zee Entertainment Enterprises (ZEEL) and Sony Group...
Mahanagar Gas shares in focus as board approves merger with Unison Enviro
Shares of Mahanagar Gas are expected to remain in focus on Friday after the company’s board approved a merger scheme with Unison Enviro and announced its quarterly results. “The Board of Directors of Mahanagar Gas...
Thermax to acquire Buildtech Products India
Thermax on Friday said it has inked a pact to acquire critical construction chemicals maker Buildtech Products India for about Rs 72 crore. This partnership solidifies Thermax’s presence in the construction...
Nikhil Kamath, Stride Ventures acquire minority stakes in media-tech firm Streambox Media
Tech entrepreneur Nikhil Kamath and venture debt fund Stride Ventures have acquired significant minority stakes in Streambox Media, a media-tech venture founded by veteran media executive Anuj Gandhi and backed by...
NCLT junks plea against Shapoorji Pallonji
A bankruptcy court in Mumbai has rejected an insolvency application filed against Shapoorji Pallonji & Co by an operational creditor. The Mumbai bench of the National Company Law Tribunal (NCLT) said the Insolvency...
Arihant Academy acquires 51% stake in ZEAL Academy
Coaching institute Arihant Academy on Thursday said it has acquired a 51 per cent stake in Zen Educational and Learning (ZEAL Academy) at a valuation of Rs 17 crore. The acquisition will enable Arihant Academy to expand...
Mankind Pharma completes Rs 13,768 cr BSV acquisition
Mankind Pharma on Wednesday said it has completed the transaction to acquire Bharat Serums and Vaccines Ltd (BSV), for a consideration of Rs 13,768 crore. This strategic move marks a significant leap for the company...
Manipal HealthMap acquires iGenetic Diagnostics
Manipal HealthMap, the diagnostics arm of Manipal Group, on Tuesday said it has fully acquired Mumbai-based iGenetic Diagnostics for an undisclosed amount. With the acquisition, the company is set to strengthen its...
Mukesh Ambani’s Jio Financial in talks with Allianz for insurance JVs in India post plans to exit Bajaj
Jio Financial Services Ltd., controlled by billionaire Mukesh Ambani, has held talks with Allianz SE to set up an insurance partnership in India as the German firm seeks to scrap two existing joint ventures in the...
Adani Cement takes over CK Birla’s Orient Cement in ₹8,100 cr deal
Adani Cement Tuesday announced the buyout of CK Birla Group’s Orient Cement at an equity value of ₹8,100 crore, intensifying the war for market share in a highly regionalised and freight-intensive building...
Reliance-Disney merger: CCI approves $8.5-billion deal in detailed order — Here’s what it entails
The Competition Commission of India (CCI) on Tuesday, October 22, published the 48-page detailed order approving the mega media assets merger of Reliance Industries and Walt Disney, entailing various conditions...
