Mumbai International Airport Limited (MIAL), owned by the Adani group, has approached the National Company Law Tribunal (NCLT) in Mumbai seeking clarification on the validity of selling Jet Airways’ three grounded...
Zydus exits investment in Mylab Discovery Solutions
Zydus Animal Health & Investments Limited (ZAHL), part of Zydus Group is exiting its investment in Mylab Discovery Solutions Private Limited by selling its shares in the diagnostics company back to Adar Poonawalla’s...
Lite Bite Foods in talks to sell minor stake to strategic investors
Lite Bite Foods, which runs restaurant chains Punjab Grill, Street Foods, YouMee and Asia 7, has initiated talks with private equity firms and strategic investors to sell a minority stake in the company, executives with...
Finance ministry following a calibrated disinvestment strategy
The finance ministry on Monday said it’s following a “calibrated disinvestment strategy” through the listing of central public sector enterprises (CPSEs) as well as gradual dilution of minority stakes via the stock...
Sun Pharma Advanced Research Company to acquire 55% stake in Tiller Therapeutics
Sun Pharma Advanced Research Company announced the signing of a binding Letter of Intent (LOI) with the University of California, San Francisco (UCSF), through the office of OTMA, and Tiller Therapeutics Inc. (Tiller)...
NCLAT sets aside EIH plea against NCLT order approving sale of Golden Jubilee Hotels
The National Company Law Appellate Tribunal (NCLAT) has set aside hospitality major EIH Ltd’s petition against an NCLT order approving the sale of Hyderabad-based Golden Jubilee Hotels. The appellate tribunal...
Hinduja Group to close RCap deal by end January: A.P. Hinduja
The Hinduja Group expects to complete the ₹9,861 crore acquisition of Reliance Capital by the end of January, nearly a year after the National Company Law Tribunal (NCLT) approved its rescue plan for the bankrupt lender...
Waaree Power to acquire 55% stake in Ewaa Renewable Techno Solutions
Waaree Energies announced that Waaree Power (WPPL), a wholly owned subsidiary of the company, has executed a Share Subscription cum Shareholders Agreement (SSSA) on 14 December 2024 with Ewaa Renewable Techno Solutions...
Reliance Industries acquires 74% stake in Navi Mumbai IIA for Rs 1,628 crore
Reliance Industries Limited (RIL) on Friday announced the acquisition of a 74% equity stake in Navi Mumbai IIA Private Limited (NMIIA) for Rs 1,628.03 crore. The deal, approved by RIL’s Board of Directors on...
Life Insurance Corp pares 2% stake in NMDC
State-owned insurer Life Insurance Corp of India (LIC) has pared its stake in iron-ore producer NMDC Ltd by 2 per cent, according to an exchange filing. After the stake sale, LIC’s holding in the state-run iron...
Indus Towers to acquire 26% in JSW Green Energy Eight
Indus Towers will acquire a 26% stake in JSW Green Energy Eight Ltd, a special purpose vehicle (SPV) involved in the renewable energy space, for a cash consideration of Rs 38.03 crore, the telecom tower company informed...
360 ONE AAM to acquire equity shares of Maple Infra InvIT Investment Manager
360 ONE Alternates Asset Management (360 ONE AAM), wholly owned subsidiary of 360 ONE WAM, has entered into a share purchase agreement dated 12 December 2024, to acquire certain equity shares (Acquisition) of Maple...
