Minority shareholders of Trinetra Cements, a subsidiary of Chennai-based Cements major India Cements, have moved the National Company Law Appellate Tribunal(NCLAT), challenging the plan to merge the two companies. Delhi...
Bhushan, Essar Steel among 12 cos being moved to insolvency courts: Sources
The Reserve Bank of India (RBI) has asked lenders to initiate bankruptcy proceedings against a dozen companies, including Essar Steel, Bhushan Steel Ltd, Monnet Ispat and Energy Ltd, sources with direct knowledge of the...
Cabinet may consider Brookfield’s plan to buy RCom’s stake in Reliance Infratel next week
The Union Cabinet may next week consider Canada-based Brookfield Infrastructure Partners’ Rs 11,000-crore investment proposal to acquire Reliance Communications’ stake in its telecom tower unit Reliance Infratel, a...
Jaypee, UltraTech Cement looking to seal Rs16,189 crore deal by July
The Aditya Birla group’s Ultratech Cement Ltd’s Rs16,189 crore acquisition of the cement business of Jaiprakash Associates Ltd is expected to be completed soon, a top group executive said in an interview. “The...
CLASS ACTION SUIT
Class Action Suit became reality for Indian investor(s)/depositor(s) under new Companies Act, 2013 which is also known as Representative Suit. This kind of lawsuit is very popular in countries like USA, UK, Singapore...
AIRTEL acquires Telenor
Bharti Airtel is engaged in the business of providing global telecommunications with operations in 17 countries across Asia and Africa. In India, the Transferee Company products Offerings include 2G, 3G and 4G wireless...
CCI approves Dish TV-Videocon merger
Zee Group’s direct-to-home (DTH) service arm Dish TV has got clearance from the Competition Commission of India (CCI) for its proposed merger with Videocon Group’s DTH arm Videocon d2h. “The CCI has...
Mergers and acquisitions under Bankruptcy Code: some concerns
By encouraging a transparent and time-bound sale of assets and businesses of defaulting corporate debtors, the Insolvency and Bankruptcy Code, 2016 (Bankruptcy Code) promises a fillip in merger and acquisition (M&A)...
RCom gets Sebi nod for merger with Aircel, Dishnet Wireless
Anil Ambani-promoted Reliance Communications Ltd (RCom) has obtained approval from capital markets regulator Securities and Exchange Board of India (Sebi) to spin-off and merge its wireless division with Aircel Ltd and...
Zee closer to demerger of print biz
The news media arm of the Subhash-Chandra-led Essel Group has been directed by the National Company Law Tribunal’s (NCLT’s) Bench here to have a shareholders meeting on March 27. The agenda is to clear the demerger of...
Punjab National Bank plans to sell non-core assets to shore up capital
State-run Punjab National BankBSE -3.04 % may look at selling stake in PNB Housing Finance and PNB Gilts in the next financial year, to shore up its capital base. “We look forward to stake sale, may be during the...
Dalmia Group goes for major overhaul
DALMIA Group is on a massive business restructuring exercise. The group companies proposed three schemes one after the another which involved merger, reverse merger slump sale and slump exchange and reduction and...