The BSE is likely to buy out S&P Dow Jones Indices’ entire 50 per cent stake in joint venture (JV) Asia Index (AIPL), an index provider. The move follows a long dispute between the two bourses over the JV...
NCLT directs NSE, BSE to ‘reassess’ approvals for Zee-Sony merger
The Mumbai bench of the National Company Law Tribunal (NCLT) has directed the National Stock Exchange and Bombay Stock Exchange to reconsider their respective initial approvals for the Zee-Sony union and issue updated...
Can Resolution Plan be modified by way of subsequent order of adjudicating authority relating to interconnected matter of Resolution Plan?
SREI Multiple Asset Investment Trust Vision India Fund (Appellant) preferred an appeal against decision of Hon’ble National Company Law Appellate Tribunal (NCLAT) which set-aside order of Hon’ble NCLT (National Company...
Tatas mull exit from UK steel business in absence of govt support
Tata Sons is considering Tata Steel’s exit from its UK business with little hope of a £1.5 billion subsidy package for the proposed transition to green energy from the British government led by Liz Truss, said...
PVR-INOX merger gets clearance from BSE and NSE
Multiplex operators PVR and INOX Leisure said that they have received clearances for their merger from bourses NSE and BSE. “The company has received observation letter with ‘no adverse observations’...
Coal India to divest 25% stake in BCCL; plans subsequent listing
State-owned CIL said it is planning to divest 25 per cent stake in its unlisted arm Bharat Coking Coal Ltd (BCCL) and will go for the subsequent listing of the subsidiary on stock exchanges after obtaining further...
NCLT dismisses plea filed against BSE-listed MT Educare by its former CFO
The bankruptcy court has dismissed a petition filed against BSE-listed MT Educare by its former chief financial officer for allegedly failing to clear his dues. The ruling is expected to set a precedent for similar...
SOP – OBSERVATION LETTER FROM THE STOCK EXCHANGE FOR THE SCHEME OF ARRANGEMENT
The Scheme of Arrangement seeking Stock Exchange’s NOC under Regulation 37 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR’) shall be submitted to the Exchange along with all the...
Future-Reliance deal: Amazon urges Sebi to direct exchanges to withdraw observation letters
US e-commerce giant Amazon has written to Sebi requesting the market regulator to direct stock exchanges to withdraw the ‘Observation Letters’ that were issued related to the proposed Rs 24,713-crore Future...
Will implement single judge order against FRL-Reliance deal in absence of stay from SC: HC to Future Group
The Delhi High Court Tuesday said it will implement the single-judge order restraining Future Retail Ltd (FRL) from going ahead with the Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected...
NSE-BSE bulk deals: Nalanda Fund buys stake in TCNS Clothing as Fidelity exits
Nalanda India Equity Fund on Wednesday bought 4.32 million shares or 7.02 per cent stake in TCNS Clothing Co at Rs 412.31 apiece through a bulk deal on the National Stock Exchange. In a separate deal, Fidelity...
PhoneParLoan ties up with Bajaj Auto Finance to offer bike loans to delivery jobseekers
PhoneParLoan today said that it has launched a program to disburse bike loans to candidates looking for a job as a delivery person. The company has tied up with Bajaj Auto Finance to give out these loans and has already...