The board of Adani Enterprises on Tuesday withdrew its earlier decision to spin off the shareholding of the group’s fast-moving consumer goods (FMCG) unit Adani Wilmar (AWL) and transferring the stake to its...
InsuranceDekho set to acquire rival RenewBuy valuing it at $300-350 million
Gurugram-based insurance broker InsuranceDekho is in talks to acquire its smaller rival RenewBuy in a largely share-swap deal marking a major consolidation event in the insurance distribution sector, said three people...
Mahagenco-NTPC top bidder for Sinnar Thermal
A consortium of Maharashtra state government-owned power generation company Mahagenco and public sector NTPC has emerged as the top bidder to take over the 1,350 MW Sinnar Thermal Power plant near Nashik...
Slice completes merger with North East Small Finance Bank
Bengaluru-based fintech startup Slice on Monday said it had completed its merger with North East Small Finance Bank (NESFB) with effect from October 27 after receiving all requisite shareholder and regulatory approvals...
Abhay HealthTech acquires MNP Healthcare to expand footprint in OTC segment
Abhay HealthTech on Saturday announced the acquisition of consumer healthcare products manufacturer MNP Healthcare for an undisclosed amount. The strategic acquisition of MNP Healthcare is a significant milestone in...
Adani Group looks to acquire ITD Cementation, to buy 46.64% from promoters
Adani Group is looking to acquire close to 73% stake in ITD Cementation India for an estimated Rs 5,759 crore ($685 million), a move that will give the Gautam Adani-led conglomerate in-house engineering, procurement and...
JSW Energy emerges top bidder for KSK Mahanadi Power
Sajjan Jindal-promoted JSW Energy emerged as the top bidder for KSK Mahanadi Power, offering Rs 15,985 crore to financial creditors and outbidding Adani Power at an auction that ended on Saturday, said people with...
NCLT rejects JC Flowers’ claim against HDIL, says collateral alone doesn’t meet IBC standards
The National Company Law Tribunal (NCLT) dismissed a liability claim by JC Flowers ARC Pvt Ltd against Housing Development & Infrastructure Ltd. (HDIL), ruling that the debt did not qualify as a “financial debt”...
Bankruptcy court rejects plea to implement Zee-Sony merger
The Mumbai bench of the bankruptcy court recently disposed of an application filed by Phantom Studios India (PSIPL), which sought to implement a merger scheme between Zee Entertainment Enterprises (ZEEL) and Sony Group...
Mahanagar Gas shares in focus as board approves merger with Unison Enviro
Shares of Mahanagar Gas are expected to remain in focus on Friday after the company’s board approved a merger scheme with Unison Enviro and announced its quarterly results. “The Board of Directors of Mahanagar Gas...
Thermax to acquire Buildtech Products India
Thermax on Friday said it has inked a pact to acquire critical construction chemicals maker Buildtech Products India for about Rs 72 crore. This partnership solidifies Thermax’s presence in the construction...
Nikhil Kamath, Stride Ventures acquire minority stakes in media-tech firm Streambox Media
Tech entrepreneur Nikhil Kamath and venture debt fund Stride Ventures have acquired significant minority stakes in Streambox Media, a media-tech venture founded by veteran media executive Anuj Gandhi and backed by...
