Vedanta Ltd. creditors will gather next month to give their final verdict on a plan to split the sprawling Indian mining conglomerate into at least five different businesses, a key step in a months-long effort to...
Adani Realty in talks to takeover Emaar India to boost realty biz
Adani Group is in advanced talks with Dubai-based developer Emaar Group to acquire a majority stake in its Indian business for ₹4,000-5,000 crore, two people aware of the matter said. “It (the deal) will be for 70...
JSW Energy gets letter of intent to acquire 3.6 GW KSK Mahanadi thermal plant
JSW Energy on Monday announced it has emerged as a successful applicant to acquire KSK Mahanadi Power Company, which owns 3,600 MW thermal power plants, under insolvency proceedings. This follows the approval by the...
NCLAT dismisses appeal to stay insolvency proceedings against Indrajit Power
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea to stay the insolvency proceedings against debt-ridden thermal power producer Indrajit Power. The appellate tribunal said “no error has been...
Waaree Energies inks pact to acquire Enel Green Power India for Rs 792-cr
Waaree Energies has announced the signing of a share purchase agreement with Enel Green Power Development S.r.l. for the acquisition of 100% of the share capital of Enel Green Power India (EGPIPL) for an amount of up to...
NCLAT gives go-ahead for Indiabulls Real Estate-Embassy Group merger
In a major relief to Indiabulls Real Estate (IBREL) and Embassy Group, the appellate tribunal NCLAT has sanctioned the scheme of amalgamation to merge both the real estate firms after setting aside the NCLT order...
IBBI mandates eBKray auction platform to sell assets under liquidation
The Insolvency and Bankruptcy Board of India (IBBI) has mandated the exclusive use of the eBKray auction platform to sell assets under the liquidation process from April 1. The eBKray (now known as Bank Asset Auction...
Waaree Energies acquires EGP India for Rs 792 crore
Waaree Energies Limited, India’s largest manufacturer of solar PV modules with an installed capacity of 13.3 GW, has signed a definitive agreement to acquire 100% of Enel Green Power (EGP) India from Enel Green Power...
JSW Energy completes acquisition of 125 MW renewables from Hetero group
JSW Energy on Friday said its arm JSW Neo Energy has completed the acquisition of 125 MW of renewable energy assets from Hetero Group for an enterprise value of about Rs 630 crore. The 125 MW portfolio comprises wind...
Bankruptcy Court admits Oban Fashions under insolvency resolution
The bankruptcy court in Mumbai has admitted Oban Fashions Pvt Ltd, a wholly-owned subsidiary of listed Knitwear brands Rupa & Co Ltd under the Corporate Insolvency Resolution Process (CIRP) in an application filed...
Kotak Strategic Situations Fund buys into Neuberg Diagnostics
Kotak Strategic Situations India Fund II, managed by Kotak Alternate Asset Managers Limited, has made an investment of Rs 940 Crore in Neuberg Diagnostics Private Limited to support Neuberg’s inorganic expansion...
NHPC eyes PTC buy sans financing arm
India’s largest hydropower generator NHPC Ltd is keen on buying out its public sector co-promoters in power trading firm PTC India Ltd, three people aware of the plan said. The Union power ministry officials will meet...
