Recently, the management of Infibeam Avenues Limited announced an internal restructuring which will pave the way for separate listing of its Global Top Level Domain business and will carve out immovable property at Gift...
Future Retail Lenders at odds with RP
Future Retail lenders are concerned that the Deloitte-backed resolution professional, Vijaykumar Iyer, has yet not filed an application with the bankruptcy court to liquidate the company even after five weeks have...
M&A activity dips amid geopolitical concerns, only 5 mega deals this year
Rising interest rates, geopolitical tensions, and recession fears have led to a downturn in Mergers and Acquisitions (M&A) activities in the first quarter of 2023, said a Boston Consulting Group report. According to...
KWS Saat to sell China corn business as GMO rules overhauled
German seed producer KWS Saat said it will sell its Chinese corn business due to new regulations that could mean its conventionally bred traits would be unable to compete with genetically modified corn over the longer...
PTC India approves ONGC’s bid to buy PTC Energy for ₹925 crore
PTC India at its board meeting approved ONGC’s bid to acquire its subsidiary PTC Energy Limited for ₹925 crore. In an exchange filing, PTC India said, “PTC India in its Board Meeting held on 19 October has...
Torrent approaches the SC to expedite a hearing on its appeal in Reliance Capital’s insolvency resolution
Veteran lawyer Shardul Shroff has approached the Supreme Court on behalf of Torrent Investments to speed up the hearing on the company’s application to stay the second challenge mechanism in a corporate insolvency...
HDFC AMC gets RBI approval to acquire up to 9.5% stake in Karur Vysya Bank, DCB Bank
The Reserve Bank of India (RBI) has approved HDFC AMC to acquire up to 9.5% of Karur Vysya Bank’s share capital or voting rights, subject to conditions. “Pursuant to Regulation 30 of SEBI (Listing Obligations and...
September 2023
Issue Description Legal: A Long-Drawn Battle: ZEE-SONY Merger Delisting: ICICI Securities to get Delisted – First beneficiary of the new Delisting Regulations by SEBI Cover Article: Tata Motors: End of Differential...
Cabinet clears Advent’s acquisition of Suven Pharma for Rs 9,589 crore
The Cabinet Committee on Economic Affairs headed by Prime Minister Narendra Modi on Wednesday approved the FDI proposal for foreign investment of up to Rs.9589 crore in Suven Pharmaceuticals Limited by private equity...
How CCI proposes to implement a new regime for merger approvals?
The Competition Commission of India (CCI) is currently soliciting public feedback on the implementation of its overhauled merger approval framework, which received legislative approval earlier this year. Aimed at...
Tata Consumers denies report of buying 51% stake in snack food maker Haldiram’s
The Tata Group’s consumer unit, Tata Consumer Products Ltd has denied the report carried out by news agency Reuters that it is in talks to buy at least 51% of popular Indian snack food maker Haldiram’s but...
Mirae Asset arm acquires 11-acre pre-leased warehouse in Bhiwandi near Mumbai
The real estate market has historically been the asset class that created the most wealth for investors but the need for specialised investment know-how and large capital investment has restricted the asset class –...