Adani Enterprises added 1.15% to Rs 2,429.45 after the company announced that it has acquired 26% stake in Gidhmuri Paturia Collieries (GPCPL) from Sainik Mining and Allied Services. Gidhmuri Paturia Collieries belongs...
Reliance Industries completes acquisition of Karkinos Healthcare
Through its wholly-owned subsidiary – Reliance Strategic Business Ventures. Reliance Industries announced that in accordance with the approved resolution plan for the resolution of Karkinos Healthcare (Karkinos)...
UltraTech Cement to buy 8.69% stake in Star Cement for Rs 851 crore
UltraTech Cement’s board has approved acquiring approximately 8.69% stake in Star Cement for a value not exceeding Rs 851 crore, the company said in an exchange filing. The nod for the acquisition comes close on...
NCLT admits insolvency plea against Hero Electric
A bankruptcy court in New Delhi has admitted Hero Electric Vehicles for a corporate insolvency resolution process in an application filed by its operational creditor Metro Tyres. The National Company Law Tribunal...
RBL Bank divests entire 8.16% stake via OFS in DAM Capital after IPO for ₹163 crore
RBL Bank has divested its entire 8.16 per cent stake in DAM Capital Advisors through an offer for sale (OFS) during the investment bank’s initial public offering (IPO), raising ₹163.32 crore. RBL Bank said in a...
Weaver Services in talks to raise ₹1,000 crore from Premji Invest, Paragon Partners
Weaver Services Pvt. Ltd, an affordable housing finance company founded by former employees of HDFC Ltd, is in talks to raise about ₹1,000 crore from Premji Invest and Paragon Partners, three people familiar with the...
Coforge, Cigniti forge ahead with proposed merger
Coforge and Cigniti Technologies are moving a step ahead toward a planned merger. The two companies have appointed EY and Axis Capital to prepare merger terms, which they intend to propose to their respective...
UltraTech Cement completes acquisition of 32.72% stake in India Cements
UltraTech Cement completed the acquisition of 32.72% stake in India Cements, an exchange filing by the company said on December 24. As per the statement, UltraTech completed the acquisition of 10,13,91,231 equity shares...
NCLT okays Sangamam Power’s resolution plan for Karvy Data Management Services
The National Company Law Tribunal (NCLT) has approved the resolution plan of Sangamam Power Projects for the acquisition of Karvy Data Management Services (KDMSL) and its subsidiaries. The ruling, delivered by an NCLT...
NCLAT sets aside plea filed against NCLT order approving sale of Reliance Broadcast Network
The NCLAT on Monday set aside a batch of appeals filed against the NCLT order approving bids of Sapphire Media for Reliance Broadcast Network Ltd. The National Company Law Appellate Tribunal (NCLAT) upheld the order of...
Adani Enterprises to acquire 85.8% stake in Air Works India for Rs 400 cr
Adani Enterprises announced that its wholly owned subsidiary, Adani Defence Systems and Technologies (ADSTL) has signed a share purchase agreement to acquire 85.8% shareholding in Air Works India (Engineering) (AWIEPL)...
NCLAT clears Sapphire Media’s acquisition of Big 92.7 FM, upholds order
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld the approval of Sapphire Media’s resolution plan for acquiring Big 92.7 FM, owned by Reliance Broadcast Network Limited, dismissing a batch of...
