The U.S. securities regulator is considering new guidance to rein in growth projections made by listed blank-check companies and clarify when they qualify for certain legal protections, according to three people with...
Pawan Hans sale: Govt to issue fresh bid document, to indemnify buyers of contingent liability
After a botched attempt for sale of Pawan Hans, the government is likely to issue a fresh bid document by the end of this month and provide indemnity to the potential buyers against contingent liability of about Rs 500...
SoftBank weighs options to cut tax liability in Flipkart stake sale
SoftBank Group Corp. is considering ways to sell its stake in online retailer Flipkart Ltd without attracting a hefty tax liability, as Flipkart nears a deal to sell a majority stake to Walmart Inc., two people familiar...
TVS Motors issuances of convertible preference shares as bonus instead of dividend
Recently, well known auto manufacturer announced the issuance of preference shares as a bonus to all equity shareholders. In the past, many listed companies have issued preference shares as a bonus. In this article, we...
PG&E in talks with KKR to sell interest in Pacific Generation
PG&E said on Tuesday it had entered into exclusive negotiations to sell a minority interest in Pacific Generation to KKR & Co’s unit, as the utility firm seeks funding to improve its energy grid. PG&E...
Jet Airways ownership transfer: SC agrees to hear lenders’ appeal against NCLT order
The Supreme Court on Monday agreed to hear the State Bank of India-led consortium of lenders’ appeal against the National Company Law Appellate Tribunal’s order that upheld the transfer of ownership of grounded...
NCLAT upholds insolvency proceedings against Tulip Hotels over default of guarantees
The National Company Law Appellate Tribunal (NCLAT) has upheld the insolvency proceedings against Tulip Hotels, which had defaulted on Rs 450 crore corporate guarantees given for Cox & Kings and EzeeGo One Travel...
IL&FS seeks NCLAT nod to sell insolvent companies with haircut, without shareholders’ approval
IL&FS group has approached the NCLAT to seek permission to sell its stake with a “haircut” and without shareholders’ approval in its companies, which are insolvent with unsustainable debts and...
NCLT admits NCR Rail Infrastructure for insolvency resolution
The National Company Law Tribunal (NCLT) in Mumbai on Thursday admitted an insolvency resolution application against NCR Rail Infrastructure (previously Arshiya Rail Infrastructure) and appointed Bhuvan Madan as the...
IFFCO moves NCLT against Triumph Offshore, Swan Energy
IFFCO has moved the NCLT against Swan Energy Ltd (SEL) and their joint venture Triumph Offshore to restrain their JV firm from passing any resolution without its approval and issuing any share/security to the lenders...
Xoriant acquires MapleLabs to expand its platform engineering capabilities
US-headquartered consulting and IT services firm Xoriant, backed by private equity firm ChrysCapital, has announced its second acquisition with 100% stake purchase in Bengaluru-based specialized product engineering firm...
CenterPoint to sell Louisiana, Mississippi natgas assets for $1.2 billion
CenterPoint Energy said it would sell its natural gas assets in Louisiana and Mississippi for $1.2 billion to Bernhard Capital Partners, as the electric and gas utility plans to focus on its regulated business. Several...