The National Company Law Tribunal (NCLT) has approved a composite scheme of arrangement involving Poonawalla Finance and its real estate entities, clearing the way for a multi-step demerger aimed at splitting the...
Kalpataru Projects International sells Vindhyachal Expressway for Rs 775 crore
Kalpataru Projects International on Friday said it has sold 100 percent equity stake in its arm Vindhyachal Expressway to Actis for Rs 775 crore. The definitive agreement(s) were executed on October 9, 2024, to transfer...
Allied Blenders to acquire assets of NICOL’s non-operational unit in UP
Allied Blenders and Distillers on Friday said its board has cleared a proposal to acquire assets of a non-operational distillery cum bottling facility in Uttar Pradesh from National Industrial Corporation for Rs 70...
CKA Birla Group’s NBC Bearings enters advanced drone tech space, acquires 30% stake in Ahamani India
National Engineering Industries Ltd. (NBC Bearings), the flagship engineering company of the multi-billion-dollar CKA Birla Group and Ahamani EV Technology India Pvt. Ltd. (“Ahamani India”), the Indian...
JSW Infrastructure board approves acquisition of JSW Overseas
The board of JSW Infrastructure at its meeting held on 16 January 2026 has approved acquisition of 100% shares of JSW Overseas FZE (‘JSW Overseas’) from JSW Terminal (Middle East) FZE, at book value, for...
US rail regulator says Union Pacific, Norfolk Southern merger filing incomplete
The U.S. Surface Transportation Board on Friday sent back Union Pacific’s proposed $85 billion merger with Norfolk Southern for revision, saying it lacked required information, as part of a review in which the U.S...
Shell, Mitsubishi exploring sale options for their stakes in LNG Canada, sources say
Oil major Shell and Japanese conglomerate Mitsubishi Corp are exploring sale options for their respective stakes in the C$40 billion ($28.8 billion) LNG Canada project, three sources familiar with the matter told...
ISS recommends shareholders approve Kimberly-Clark’s planned Kenvue deal
Institutional Shareholder Services on Friday recommended that shareholders approve plans by Kleenex maker Kimberly-Clark to buy Tylenol maker Kenvue, saying a tie-up could improve financial metrics. “On balance...
Brazil’s Brava buys Petronas’ stakes in two offshore fields for $450 million
Brazilian oil firm Brava Energia announced on Friday the acquisition of the stakes owned by Malaysia’s Petronas in two offshore fields for $450 million, kicking off a new strategic plan outlined by the...
TransDigm to buy two businesses for $2.2 billion in aerospace aftermarket push
Aircraft components maker TransDigm Group said on Friday it would buy Jet Parts Engineering and Victor Sierra Aviation from private equity firm Vance Street Capital for about $2.2 billion, including tax benefits...
Berlin to take minority stake in power grid TenneT Germany, says parliamentary source
Germany’s budget committee has approved the purchase of a minority stake in the German division of Dutch high-voltage power transmission grid TenneT, a German parliamentary source told Reuters on Friday, realising...
China regulator approves American Axle acquisition of Dowlais
China’s market regulator said on Friday it approved Detroit-based American Axle & Manufacturing’s purchase of GKN Automotive owner Dowlais Group, stating that it had “fully considered” the...
