US-based private equity (PE) firm General Atlantic has acquired a majority stake in Ujala Cygnus, a hospital chain in northern India with a network of 21 hospitals across tier II and tier III cities. The financial...
Tata Power to acquire Jalpura Khurja Power Transmission project for Rs 838 crore
Tata Power said it has received a letter of intent (LoI) from REC Power Development and Consultancy to acquire the Jalpura Khurja Power Transmission project at an estimated cost of Rs 838 crore. The project special...
Bankruptcy court orders liquidation of Mehul Choksi-promoted Gitanjali Gems
The Mumbai bench of the National Company Law Tribunal has ordered the liquidation of fugitive diamantaire Mehul Choksi-promoted firm Gitanjali Gems. The tribunal has also appointed Santanu T Ray as the liquidator. The...
Patanjali enters race with all-cash offer of ₹830 crore to acquire Rolta India
Patanjali Ayurved has made a late bid to acquire the debt-laden Rolta India with an all-cash offer of about ₹830 crore, just days after Pune-based Ashdan Properties was declared the highest bidder by banks late last...
General Atlantic set to acquire Amar Ujala’s hospital chain Cygnus Healthcare
The global private equity major General Atlantic is set to acquire about 70% stake in Ujala Cygnus Healthcare Services, the Delhi-based multi-specialty hospital chain owned by media group Amar Ujala, said multiple...
NCLAT gives Jalan-Kalrock consortium time till 30 Sep to clear ₹350 crore dues to Jet Airways lenders
The National Company Appellate Tribunal (NCLAT) gave Jalan-Kalrock consortium, the successful bidder for Jet Airways, time till 30 September to clear dues worth ₹350 crore to lenders of the grounded airline. The...
Jet Airways insolvency case: NCLAT reserves order on Jalan-Kalrock Consortium’s plea
The National Company Law Appellate Tribunal (NCLAT) reserved its order on Jalan-Kalrock Consortium’s plea seeking more time to make payments to the lenders of the bankrupt Jet Airways. The consortium had emerged...
NCLAT to hear lenders’ plea against Jet Airways’ winning bidder Jalan Kalrock consortium today
The National Company Appellate Tribunal (NCLAT) will hear the plea filed by Jet Airways’ lenders, led by SBI, against the winning bidder Jalan Kalrock consortium to recover pending dues. Last month, the lenders...
GQG Partners acquires 5.96% stake in Patanjali Foods via offer of sale
NRI Rajiv Jain-led GQG Partners, which has in recent times poured in billions of dollars in Adani Group firms after the Hindenburg report, has now invested around Rs. 2,400 crore in Ramdev-led fast-moving consumer goods...
Jet Airways insolvency: NCLAT grants Jalan Kalrock more time to pay dues to lenders
National Company Law Appellate Tribunal (NCLAT) on Friday decided to pitch for early revival of grounded airline Jet Airways. To facilitate the same, the appellate tribunal has decided to give more time to to the...
JAL approaches NCLAT against NCLT order on Jaypee Infratech matter
Jaiprakash Associates has approached the insolvency appellate tribunal NCLAT against the NCLT order relating to the distribution of Rs 750 crore in the Jaypee Infrastructure matter. The amount was deposited with the...
NHPC board okays Jalpower Corp merger
State-run hydro power giant NHPC said its board has approved a proposal to merge the company’s arm Jalpower Corporation Ltd with itself. NHPC had acquired Jalpower Corporation Ltd (JPCL) and its 120 MW Rangit...