The Board of Directors of JHS Svendgaard Laboratories Limited announced merger of the company with private company Vedic Cosmeceuticals Private Limited. As acclaimed by the management, the product portfolio of Vedic...
Australian fund manager Perpetual rejects $2 bln bid from top investor
Australian fund manager Perpetual rejected a A$3.1 billion ($2 billion) takeover offer from its largest shareholder, diversified investor Washington H Soul Pattinson (WHSP), saying the proposal undervalued its business...
L&T Finance announces completing merger of 3 subsidiaries with itself
L&T Finance Holdings (LTFH), a non-banking financial company (NBFC), announced it had completed the merger of three subsidiaries with itself for “superior governance” and growth. All lending businesses of the...
Actis unit BluPine buys Acme solar assets for enterprise value of Rs 1,700 cr
BluPine Energy, a unit of London-based private equity firm Actis, has bought solar power assets from Acme group for an enterprise value of ₹1,700 crore, said people familiar with the matter. The acquired assets are...
Walgreens cuts Cencora stake further in $674 mln share sale
Walgreens Boots Alliance has further lowered its stake in Cencora, formerly known as AmerisourceBergen Corp, by selling shares worth about $674 million, the U.S. drugstore chain said on Thursday. After the share...
NCLT dismisses insolvency petition filed against Bajaj Hindusthan Sugar
National Company Law Tribunal has dismissed an insolvency petition filed against Bajaj Hindusthan Sugar Limited as per an order uploaded on its website late Wednesday. The petition was originally filed by State Bank of...
JSW infra in talks to buy SP Group arm Gopalpur Ports for Rs 3,000 crore
JSW Infrastructure is in talks to buy Shapoorji Pallonji’s (SP) ports arm, Gopalpur Ports, at an estimated enterprise value of Rs 3,000 crore that includes the company’s debt, according to people familiar...
NCLT admits insolvency plea against Precision Realty Developers
The National Company Law Tribunal (NCLT) has admitted a petition filed by Phoenix Asset Reconstruction Company to initiate Corporate Insolvency Resolution Process (CIRP) against real estate company Precision Realty...
JM Baxi Group promoter moves HC over stake buy in arm by Hapag-Lloyd
Vir Kotak, one of the promoters of JM Baxi Group, has approached the Bombay High Court, seeking to intervene in the German shipping major Hapag-Lloyd AG’s acquisition of the stake in JM Baxi Ports & Logistics Ltd...
JK Paper to acquire Manipal Utility Packaging Solutions for Rs 90 crore
JK Paper Ltd said it will fully acquire Manipal Utility Packaging Solutions Pvt Ltd for nearly Rs 90 crore. The company has entered into a share purchase agreement (SPA) for the acquisition of 100 per cent shares of...
Drug retailer Rite Aid files for bankruptcy, gets $3.45 bln commitment
Rite Aid filed for Chapter 11 bankruptcy on Sunday, a move that would halt lawsuits the drugstore chain is facing over its alleged role in the U.S. opioid crisis and named a new CEO. Rite Aid said it has received a...
Asian Granito India to undergo Mega Restructuring
The Board of Directors of Asian Granito India Limited at its Board Meeting approved the Composite Scheme of Arrangement under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 amongst Asian...