Budget carriers Frontier Group Holdings and Spirit Airlines Inc on Monday unveiled plans to create the fifth-largest U.S. airline in a $2.9 billion tie-up likely to tighten competition against traditional carriers. The...
Australia’s Ramsay Health to buy UK-based mental health care provider Elysium for $1 bln
Australia’s Ramsay Health Care Ltd said on Monday it would buy UK-based mental health care provider Elysium Healthcare Ltd for 775 million pounds ($1.03 billion), as it aims to tap into Britain’s mental...
NCLAT rejects Kotak Bank’s plea to set aside insolvency proceedings against MSEL
The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition filed by Kotak Mahindra Bank along with a director of debt-ridden McNally Sayaji Engineering Ltd (MSEL) to set aside insolvency proceedings...
Australia’s Ramsay Health Care to buy UK’s Spire for $1.4 billion
Australian hospital operator Ramsay Health Care on Wednesday said it would buy British peer Spire Healthcare Group for 1 billion pounds ($1.42 billion) to strengthen its healthcare business in the country, sending Spire...
Delhi High Court restrains Eveready, McLeod Russel from sale of assets
In a blow to McLeod Russel, Eveready Industries and other Williamson Magor Group (WMG) companies, the Delhi High Court has passed an ad-interim ex parte order of injunction preventing all these companies from selling or...
YES Bank acquires 9.47% stake in Eveready by invoking pledged shares
YES Bank has acquired a 9.47 per cent stake in Eveready Industries India, part of the B M Khaitan group, by invoking pledged shares. The shares were acquired on invocation of pledge subsequent to default/breach of terms...
BM Khaitan rolls out sale plan for flagship Eveready
The B M Khaitan-led Williamson MagorNSE 20.00 % is selling its flagship Eveready NSE 13.87 % Industries, a leader in dry cell batteries and flashlights, triggering an auction process for one of the country’s oldest...
Khaitans Restructuring Engineering Business via EMC merger
BM Khaitan-controlled Williamson Magor Group's engineering arms and transmission tower maker EMC Ltd are being merged to create a giant engineering joint venture with a turnover of Rs 6,000-7,000 crore. While EMC is...
WM group acquires Humboldt Wedag coal & minerals technology
B M Khaitan-controlled Williamson Magor (WM) group formally acquired KHD Humboldt Wedag International GmbH’s wholly owned subsidiary Humboldt Wedag Coal & Minerals Technology GmbH engaged in the business of...
EMC to merge with Williamson Magor engineering subsidiaries
The BM Khaitan-controlled Williamson Magor Group’s engineering arms and transmission tower maker EMC Ltd are being merged to create a giant engineering joint venture with a turnover of Rs 6,000-7,000 crore...