Jet Airways (India) Ltd. on Friday said that stakeholders of the airline and board of directors of the company are yet to agree and approve the resolution plan that is expected to infuse much needed capital in the...
SBI along with other lenders, stakeholders working on resolution plan: Jet Airways
Crisis-hit Jet Airways NSE -3.95 % Wednesday said discussions are “progressing well” with stakeholders on a comprehensive resolution plan that also contemplates equity infusion and consequent changes in its...
Consolidation in new-age businesses: What’s in store for stakeholders?
New-age industries have been gathering steam, and not just in sectors such as e-commerce. Terms like robotics, artificial intelligence (AI) and the Internet of Things (IoT) have entered the common lexicon, while...
Fortis sale: Independent director quits board ahead of stakeholders meet
Fortis Healthcare on Sunday said its independent director, Tejinder Singh Shergill, has resigned from the board due to personal reasons. His resignation comes ahead of the crucial stakeholders’ meeting to be held on May...
Stakeholders seek timeline for approvals from regulators for resolution under IBC
Stakeholders in the insolvency and bankruptcy process are lobbying for a specific timeline within which authorities such as competition, tax and financial market regulators should give approvals for resolution plans of...
SAIL taking M&A route to raise value for stakeholders
SAIL taking M&A route to raise value for stakeholders In line with the global trend of consolidation in the steel industry, the Steel Authority of India Ltd (SAIL) too is taking the route of merger and acquisitions...
UWB stakeholders may lobby for higher value
UWB stakeholders may lobby for higher value Major shareholders of United Western Bank (UWB) are likely to demand a much higher upfront payment by Industrial Development Bank of India (IDBI Bank) for their shareholding...
Indiabulls Real Estate acquires Sky Forest Projects for Rs 647 crore
Indiabulls Real Estate on Tuesday said it has acquired 100 per cent stake in Sky Forest Projects Pvt Ltd from Blackstone at an enterprise value of Rs 647 crore. In a regulatory filing, the company said its subsidiary...
Canarys Expands Global Presence with Strategic Acquisition in North America
Canarys Automations Limited (NSE – Canarys), a stalwart in the realm of digital transformation, embarks on an ambitious journey to broaden its horizons across continents. The company announces its strategic intent to...
Bandhan Bank: Outgoing MD & CEO Chandra Shekhar Ghosh considering stake sale in promoter group, says report
Bandhan Bank MD & CEO Chandra Shekhar Ghosh is reportedly considering options to monetise his holding in Bandhan Financial Services, moving towards a partial divestment in Bandhan Bank, the Hindu BusinessLine...
Apparel company Express seeks quick bankruptcy sale
Apparel retailer Express said on Tuesday that it needs to move quickly to a bankruptcy sale in order to avoid a complete liquidation of its business. Express filed for bankruptcy protection on Monday with a non-binding...
Hipgnosis agrees sale to Concord in $1.4 bln music rights deal
Nashville-based independent music company Concord has agreed to buy Britain’s Hipgnosis Songs Fund for $1.4 billion, the companies said on Thursday, to gain rights to the catalogues of artists including Shakira...