The Burman family has increased their stake in Religare Enterprises to about 30% in the past month through open market purchases following a restructuring announcement by the company in mid-February, as per multiple...
National News
Vedanta moves Supreme Court seeking stay on Adani’s JAL resolution plan
Anil Agarwal-owned Vedanta has moved the Supreme Court, seeking stay on the Adani Group’s ₹14,500-crore debt resolution plan for now insolvent Jaiprakash Associates (JAL). Challenging the rejection of its revised...
NCLAT reverses insolvency proceedings against Vatika Ltd
NCLAT has reversed the National Company Law Tribunal (NCLT) order of initiation of insolvency proceedings against Gurgaon-based real estate developer Vatika Ltd. The matter pertained to proceedings initiated under the...
Corona Remedies acquires Wokadine from DR Reddy’s Laboratories
Corona Remedies announced the acquisition of the Wokadine brand from Dr. Reddy’s Laboratories to strengthen its presence in targeted specialty segment and offer wider accessibility. The Wokadine brand is an...
CMS Info Systems acquires FSS’s ATM managed services business for Rs 115 crore
In a significant signal of consolidation in India’s ATM industry, CMS Info Systems — the country’s largest ATM and cash management company — has acquired the ATM Managed Services business of Financial...
JSW Steel says Japan’s JFE invests Rs 7,875 crore in JSW Kalinga, picks up 25% stake
JSW Steel on Monday said Japan’s JFE Steel Corporation has invested Rs 7,875 crore in its subsidiary JSW Kalinga Steel, acquiring a 25% stake and triggering joint control of the venture. The investment marks the first...
Bankruptcy court admits BSE-listed Supha Pharmachem under Insolvency Resolution Process
The bankruptcy court in Mumbai has admitted the listed pharma firm, Supha Pharmachem (formerly Remedium Lifecare), to the Corporate Insolvency Resolution Process (CIRP) and has appointed Rajesh Jhunjhunwala as the...
EPL, Indovida to merge in $2 billion packaging deal
EPL, a global leader in laminated plastic tube packaging backed by Blackstone, on Sunday said that it will merge with Indovida India, a rigid polyethylene terephthalate (PET) packaging platform owned by Indorama...
Bankruptcy court admits BSE-listed Supha Pharmachem under Insolvency Resolution Process
The bankruptcy court in Mumbai has admitted the listed pharma firm, Supha Pharmachem (formerly Remedium Lifecare), to the Corporate Insolvency Resolution Process (CIRP) and has appointed Rajesh Jhunjhunwala as the...
NARCL set to acquire debt of Kay Bouvet Engineering
The National Asset Reconstruction Company (NARCL) is set to take over the Rs 1,000 crore debt of specialised equipment maker Kay Bouvet Engineering after its Rs 130-crore offer did not receive a challenging bid, people...
Sula Vineyards inks deal to acquire Chandon’s Nashik winery
Sula Vineyards said it has signed a definitive agreement with Moet Hennessy India to acquire the wine production facility and estate of Chandon in Dindori, Nashik, as part of its expansion strategy. Spread across 19...
Board of Aegis Vopak approves sale of 10% stake in Aegis Terminal (Pipavav)
The board of Aegis Vopak Terminals (AVTL) at its meetings held on 26 March 2026 has approved the following: – Proposed sale of 10% of the equity stake i.e 5000 equity shares of Rs 10/- of Aegis Terminal (Pipavav)...
