Adani Enterprises Ltd. and Wilmar International Ltd. are said to delay a proposed sale of at least 12% in their Indian food venture after a US bribery indictment against the billionaire founder Gautam Adani, according...
NCLAT dismisses plea seeking insolvency against Amazon Wholesale
The National Company Law Appellate Tribunal (NCLAT) has set aside a petition seeking to initiate insolvency proceedings against Amazon Wholesale (India). A three-member NCLAT bench upheld the order passed by the...
Lumax Auto Technologies completes acquisition of 60% stake in Greenfuel Energy Solutions
Lumax Auto Technologies has completed the acquisition of majority shareholding (representing 60% of share capital on a fully diluted basis) in Greenfuel Energy Solutions (Greenfuel) through its wholly owned subsidiary...
CCI approves Kotak Mahindra Bank’s proposal to buy Standard Chartered’s ₹4,100 crore personal loan book
The Competition Commission of India (CCI) on Tuesday, November 26, approved private lender Kotak Mahindra Bank’s proposal to secure Standard Chartered Ltd’s personal loan book worth ₹4,100 crore. The CCI...
HUL to demerge ice-cream business into independent entity
Hindustan Unilever (HUL) on Monday said its board has given in-principle approval to demerge its ice cream business into an independent listed entity to create a business with a differentiated operating model and supply...
Edelweiss Financial Services explores minority stake sale in MF unit
Edelweiss Financial Services is looking to sell a minority stake in its mutual fund (MF) arm. The company has initiated the process by hiring an investment banker. “To further strengthen our international business, we...
NCLAT okays sale of Infrastructure Leasing & Financial Services stake in IL&FS Paradip Refinery Water Ltd
The National Company Law Appellate Tribunal (NCLAT) Friday allowed Infrastructure Leasing & Financial Services (IL&FS) to sell its 100% stake in IL&FS Paradip Refinery Water Ltd (IPRWL) to a successful...
Vedanta demerger moves ahead as NCLT clears way for meetings of shareholders, creditors
Mining major Vedanta Ltd on Friday said the Mumbai bench of the NCLT has asked the company to call for a meeting of its secured and unsecured creditors and shareholders in the next 90 days to discuss the proposed...
360 ONE Asset acquires stake in OneSource Specialty Pharma
Asset management firm 360 ONE Asset on Thursday said it has invested in OneSource Specialty Pharma, a fast-growing Contract Development and Manufacturing Organization (CDMO) by acquiring a stake from an existing...
Moglix acquires Khatema Fibres for Rs 80 crore
B2B ecommerce platform Moglix on Thursday announced the acquisition of paper manufacturing firm Khatema Fibres for Rs 80 crore and said it would help the platform expand its product portfolio and accelerate growth. The...
DPIIT gives nod to Hinduja Group firm IIHL for acquisition of RCAP
The Department for Promotion of Industry and Internal Trade (DPIIT) has given a go-ahead to Hinduja Group firm IIHL for acquisition of debt-ridden Reliance Capital Ltd (RCAP), sources said. DPIIT approval was required...
ICICI Prudential Life Insurance Company plans to acquire minor stake in Bima Sugam India Federation
ICICI Prudential Life Insurance Company has approved the investment not exceeding 10% of the issued and subscribed share capital in the subsequent tranches, subject to commensurate increase in authorised capital of Bima...
