JSW Neo Energy has emerged the frontrunner to buy Statkraft’s Himachal Pradesh hydro power unit that houses a project on the Tidong tributary of the Sutlej River, said sources familiar with the matter. Its offer...
JSW Steel unit will increase stake in M Res NSW to 83.3%
JSW Steel will purchase an additional economic interest in M Res NSW for $60 million through its subsidiary JSW Steel (Netherlands), effectively increasing its stake in Australia-based Illawarra Metallurgical Coal, the...
NCLT defers final hearing on Vedanta demerger to Oct 8
The National Company Law Tribunal (NCLT) on Wednesday deferred the hearing on Vedanta’s ambitious demerger proposal to October 8, as the Ministry of Petroleum and Natural Gas objected to the scheme, citing a lack...
IL&FS to exit Roadstar Infra Investment Trust in debt clean-up
Bankrupt infrastructure conglomerate IL&FS Group is preparing to sell its entire residual stake in Roadstar Infra Investment Trust (InvIT) as part of its protracted debt resolution plans, said people familiar with...
Piramal Enterprises rises 4% as NCLT approves merger of its subsidiary
Piramal Enterprises shares rose 3.6 per cent on Wednesday, logging an intra-day high at ₹1,185 per share on BSE. At 11:37 AM, Piramal Enterprises’ share price was trading 3.6 per cent higher at ₹1,185 per share on BSE...
Craftsman Automation acquires stake in solar power company
Craftsman Automation has made an equity investment in Event Green Power (EGPL) for solar power under the Group Captive Scheme as required under the provisions of the Electricity Act, 2003. The company has invested Rs...
Roche to acquire liver drug developer 89bio for up to $3.5 billion
Roche has agreed to buy U.S. biotech firm 89bio for up to $3.5 billion to strengthen its development pipeline of liver and cardiometabolic disease treatments, the Swiss drugmaker said on Thursday. The deal would help...
Glanbia to sell SlimFast US to Heartland Food Products group of US
Irish-based nutrition supplement maker Glanbia on Wednesday said it had agreed to sell its weight management brand SlimFast US to Heartland Food Products Group for an undisclosed sum. U.S.-based Heartland makes the...
ADNOC-led consortium pulls $18.7 billion bid for Australia’s Santos
Abu Dhabi National Oil Company has withdrawn the $18.7 billion offer it led to buy Australian gas producer Santos after months of wrangling over valuation and terms. The move on Wednesday may slow down ADNOC’s...
Brazil’s antitrust watchdog approves acquisition of Wickbold by Bimbo
Brazil’s antitrust watchdog CADE unanimously approved on Wednesday the acquisition of local bakery group Wickbold by Mexico’s Bimbo, but imposed restrictions that include some asset divestitures. CADE...
Commodity trader ResInvest in talks to buy Uniper’s Datteln 4 power plant
Commodity trader and investment company ResInvest Group said it is in talks to buy Datteln 4, the 1 gigawatt coal-fired power plant Uniper must sell as part of the German utility’s government rescue in 2022...
NCLAT clears Vedanta demerger plan
The National Company Law Appellate Tribunal (NCLAT) has cleared Vedanta’s plan to restructure its power and metal businesses by overturning an order of the National Company Law Tribunal (NCLT) Mumbai bench that had...
