HDFC Bank will take a minority stake in fintech startup Mintoak Innovations for Rs 31.14 crore in cash, the private sector lender said in an exchange filing. After completion of the deal, it will hold 7.75% of the total...
ONE TATA STEEL: Way to India’s fully integrated steel and steel products Company
Tata Steel Limited, one of India’s largest steel manufacturing companies announced mega internal restructuring of its subsidiaries which will inter-alia usher in consolidation. Over a period, Tata Steel Limited expanded...
AM Mining India completes acquisition of debt-ridden Uttam Galva Steels
AM Mining India Pvt Ltd, part of ArcelorMittal and Nippon Steel joint venture, on Thursday completed the acquisition of Uttam Galva Steels Ltd, a downstream steel manufacturer in Maharashtra. This follows the recent...
NCLT approves ArcelorMittal subsidiary’s resolution plan for Uttam Galva Steel
The bankruptcy court approved the resolution plan of the global steel firm ArcelorMittal’s local subsidiary for debt-laden Uttam Galva Steels Ltd. The Mumbai bench of the National Company Law Tribunal (NCLT), presided...
Mutual Funds Sundaram, SBI buy stakes in Hatsun Agro for ₹269 cr in open market
Dairy products maker, Hatsun Agro Product on Tuesday climbed nearly 4% on exchanges after two major mutual fund houses bought certain shares in the company via the open market. At the same time, promoter Raja Ganesan...
Again, ITC fills room with scent of a hotels demerger
ITC is reviving its plans to create an alternative structure for the hotel business following a recovery in the hospitality industry after Covid-19, managing director Sanjiv Puri said. Addressing shareholders in the...
Essar sells Mahan-Sipat transmission line to Adani for Rs 1,913 cr
Essar Power Transmission Company (EPTCL) has entered into a definitive agreement with Adani Transmission (ATL) to sell one of its two transmission lines at an enterprise valuation of Rs 1,913 crore. EPTCL has 465-km...
Lodha, Bain, Ivanhoe Ink $1bn Logistics Deal
Real estate firm Lodha on Wednesday said it has partnered with Bain Capital and Ivanhoé Cambridge to build a platform of logistics and light industrial parks, as well as in-city fulfillment centers. The platform will...
TATA CONSUMER PRODUCTS: FOCUSED AND EFFICIENT RESTRUCTURING
In a move towards becoming a leading Fast-Moving Consumer Goods Company (FMCG), the Board of Directors of Tata Consumer Products Limited & its subsidiary companies approved the Composite Scheme of Arrangement...
Adani Wilmar acquires Kohinoor rice, strengthens its presence in food segment
Adani has strengthened its presence in the food segment with the acquisition of Kohinoor rice. Adani Wilmar Limited (AWL), Tuesday announced the acquisition of several brands including the Kohinoor Brand – domestic...
NCLT reserves order in ArcelorMittal’s resolution plan for Uttam Galva Steel
A dedicated bankruptcy court on Monday reserved its order on an application filed by the resolution professional of Uttam Galva Steel Ltd, seeking approval of the resolution plan filed by AM Mining India Pvt Ltd, a...
Jindal Poly restructuring will be value accretive to public shareholders?
Recently, the Board of Directors of Jindal Poly Films Limited their board meeting held on 16th March 2022 approved the internal restructuring of its Packaging Film Business followed by stake sale in the packaging...