The National Asset Reconstruction Company of India (NARCL) has given a binding offer to lenders to acquire ₹988-crore debt of a road project awarded to Subhash Chandra’s Essel Infraprojects in Ludhiana, said...
Insolvency plea against Essel entity Cyquator dismissed
The National Company Law Tribunal (NCLT) has dismissed IDBI Trusteeship Services’ petition seeking Corporate Insolvency Resolution Process (CIRP) proceedings against Essel Group entity Cyquator Media Services for...
Australia’s Sonic Healthcare to buy Germany’s Medical Laboratories Duesseldorf
Australia’s Sonic Healthcare Ltd said it has entered into a binding deal to acquire Medical Laboratories Duesseldorf (MLD), a clinical laboratory chain in Germany, for 180 million euros ($197.59 million) to beef...
Adani Green Energy arm to buy 50% equity in Essel Saurya Urja for Rs 15 cr
Adani Green Energy arm Adani Renewable Energy Holding Two Ltd will acquire 50 per cent equity in Essel Saurya Urja Company of Rajasthan Ltd from Essel Infraprojects for Rs 15 crore. Adani Renewable Energy Holding Two...
Seros Logistics acquires a Supra Max vessel to its diversified sea logistics fleet
Multimodal and marine logistics player, Seros Logistics has added a Supra Max vessel to its diversified fleet, taking the total count up to over 40, the company said on Tuesday. The company will operate the “MV...
Adani Green transfers newly acquired Essel solar assets to TOTAL JV
Adani Green Energy in an announcement on Thursday said it has transferred its newly acquired Essel Group’s 205 megawatt (MW) solar assets to its TOTAL joint venture. The JV company has completed this transfer of the...
Adani Green completes acquisition of 205 MW solar assets from Essel
Adani Green Energy on Thursday said it had completed the acquisition of 205 megawatt (MW) operating solar assets from the Essel Green Energy and Essel Infraprojects for Rs 1,300 crore. This is Adani Green’s first...
Blackstone to sell Essel Propack shares worth $251 mn
The world’s biggest alternative asset manager Blackstone is looking to sell a large chunk of its shareholding in packaging firm Essel Propack Ltd through block trades, which could fetch the investor as much as $251...
UniCredit buys 32.5% of Italy’s Esselunga real estate unit: sources
Italy’s biggest lender UniCredit has invested 435 million euros ($469 million) to buy a 32.5% stake in the company that owns the real estate assets of supermarket chain Esselunga, two sources close to the matter said on...
Adani Transmission, Tata Power in talks with Essel Group to buy its power line
The Subhash Chandra-led Essel Group is in talks with Adani Transmission and Tata Power to sell its under-construction Warora-Kurnool transmission line in an attempt to lower debt, two people familiar with the company’s...
Adani Capital acquires Essel Finance’s MSME lending business
Adani Capital Pvt. Ltd, the non-banking financial company (NBFC) arm of Adani Group focused on small and micro-entrepreneurs, has acquired Essel Finance’s micro, small and medium enterprises (MSME) loan business...
Essel arm close to sale of 2 road assets to NIIF-Roadis
The National Investment and Infrastructure Fund (NIIF) and its joint venture partner Roadis are close to buying two road projects from Essel Infraprojects, wholly owned by Subhash Chandra’s debt-laden Essel group, in a...