Tata Motors Ltd said it will buy a 26.79% stake in digital logistics solutions platform Freight Tiger for Rs 150 crore, with an additional investment of Rs 100 crore planned over the next two years. Freight Tiger...
JK Paper to acquire Manipal Utility Packaging Solutions for Rs 90 crore
JK Paper Ltd said it will fully acquire Manipal Utility Packaging Solutions Pvt Ltd for nearly Rs 90 crore. The company has entered into a share purchase agreement (SPA) for the acquisition of 100 per cent shares of...
NCLT okays Steel Strips Wheels’ acquisition of AMW Autocomponent
The National Company Law Tribunal (NCLT) has approved the acquisition of AMW Autocomponent by listed automotive wheels manufacturer Steel Strips Wheels. The company had admitted liability of over ₹1,675 crore, whereas...
Safestyle UK explores alternatives including sale
Safestyle UK confirmed it was exploring alternatives, including a potential sale of the company or a capital injection, as it deals with financial woes. The maker of polyvinyl chloride replacement windows said it has...
Asian Granito India to undergo Mega Restructuring
The Board of Directors of Asian Granito India Limited at its Board Meeting approved the Composite Scheme of Arrangement under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 amongst Asian...
Fintech firm Slice set to enter banking via merger with SFB
Credit and payments unicorn Slice announced its merger with Guwahati-based North East Small Finance Bank (NESFB), in a rare instance of a fintech entering the banking sector. Bengaluru-based Slice, which also holds an...
StrideOne in talks to acquire EV tech startup MoEVing
StrideOne Capital Pvt. Ltd, the non-banking financial company (NBFC) set up by the founders of venture debt fund Stride Ventures, is in talks to acquire MoEVing Urban Technologies Ltd, the operator of the electric...
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...
ICICI Securities to get Delisted – first beneficiary of the new Delisting Regulations by SEBI
In 2021, The Securities and Exchange Board of India (“SEBI”) came out with an alternative delisting route for the listed subsidiary. The circular takes the tedious process of delisting to be simplified at least for the...
Robinhood to buy back Bankman-Fried’s stake from US govt for $605.7 million
Robinhood said it had entered into a share repurchase agreement with the United States Marshal Service (USMS) for $605.7 million to buy back stock from Sam Bankman-Fried’s Emergent Fidelity Technologies. The...
NCLT okays Ramkrishna Forgings’ bid to acquire Amtek Group arm
The bankruptcy court has approved Kolkata-based Ramkrishna Forgings’ bid to acquire Amtek Group’s listed subsidiary JMT Auto through the corporate insolvency resolution process. Ramkrishna Forgings, also a...
NCLT approves Vedanta’s bid to acquire Meenakshi Energy
Vedanta’s bid to acquire Meenakshi Energy through the insolvency resolution process was approved by the Hyderabad National Company Law Tribunal last week. The Anil Agarwal company offered ₹1,440 crore against...