Amid legal challenges for Suraksha group’s successful bid for debt-laden Jaypee Infratech, the monitoring panel set up to oversee the insolvency process has moved the National Company Law Tribunal (NCLT) seeking...
NCLT clears J Kumar infra’s bid to buy Pranav Construction
The bankruptcy court has approved listed infrastructure firm J Kumar Infraprojects’ bid to acquire Pranav Construction Systems Pvt Ltd. As part of the insolvency process, J Kumar Infraprojects has proposed to pay...
Bankruptcy court admits insolvency resolution plea against Helios Photo Voltaic
The principal bench of the National Company Law Tribunal (NCLT) has admitted an application filed by the National Asset Reconstruction Company (NARCL) against Helios Photo Voltaic Ltd, earlier known as Moser Baer Photo...
Salasar Techno Engineering board approves Hill View Infrabuild merger with itself
EPC company Salasar Techno Engineering Ltd (STEL) on Saturday said its board has a proposal to merge Hill View Infrabuild Ltd with itself. A decision in this regard was taken at a board meeting of the company on...
SAT Order on ZEEL Directors
SEBI’s Interim Order on Zee Entertainment Enterprises Limited According to the web search results, SEBI passed an interim order against Zee Entertainment Enterprises Ltd (ZEEL) and its promoters on June 12, 2023, vide...
ULTRATECH adds more to its Cement Portfolio by way of Demerger from Kesoram
The Board of Directors of Ultratech Cements Limited & Kesoram Industries Limited at their respective board meeting have approved a composite scheme of arrangement (scheme) which envisages the demerger of the cement...
Network18 yet another consolidation of its Subsidiaries
Recently, the Board of Directors of Network18 Media & Investments Limited, a Reliance Group listed entity announced consolidation of its subsidiaries through a merger. Network18 Media & Investments Limited...
ACC buys remaining 55% in Asian Concretes at Rs 775 cr enterprise value
ACC Ltd has acquired the remaining 55% stake in Asian Concretes and Cement at an enterprise value of 775 crore rupees. With this buyout, the company will add 2.8 million to its existing production capacity, taking it to...
Adani-owned ACC acquires Asian Concretes and Cements at enterprise value of Rs 775 crore
Adani-owned ACC Limited on Monday announced that it has completed the acquisition of Asian Concretes and Cements Private Limited, having bought the remaining 55 percent stake – valued at Rs 425.96 crores –...
TVS Group’s Restructuring – A Benchmark for Family Arrangements
Recently, TVS Holdings Limited announced the completion of its demerger of non-ferrous gravity and pressure die castings business along with the amalgamation of its holding company & other group entity. The entire...
Infibeam Avenues acquires 49% stake in capital markets software provider Pirimid Fintech
Payments solution provider Infibeam Avenues said it has acquired a 49% stake in capital markets financial software provider Pirimid Fintech for Rs 25.1 crore. With the stake acquisition, Infibeam is looking to integrate...
Aster to sell its GCC Business
Recently, Aster DM Healthcare Limited (“Aster”) announced much-awaited news for its stakeholders. The Board of Directors of Aster announced the separation of its India & GCC (Gulf Corporation Council) business by...