France’s Lactalis plans acquisitions in northern India after bagging the dairy products business of Prabhat Dairy for Rs 1,700 crore and two other companies. The three acquisitions enabled Lactalis to do business...
Welspun Corp contemplating proposal to buyback equity shares at face value
Welspun Corp Ltd, the flagship firm of the Welspun Group, Friday said its board will meet next week to consider buyback of shares. A board meeting of the company will be held on May 14, 2019 to consider proposal...
Insolvency case: NCLT orders liquidation of debt-ridden Sterling Biotech
The Bench of the National Company Law Tribunal (NCLT) here has ordered the liquidation of debt-ridden pharmaceutical company Sterling Biotech. This is a setback for its lenders. They were hoping they could withdraw the...
L&T acquires additional 2% stake in Mindtree; takes total holding to 26%
Larsen and Toubro (L&T) has acquired another 2 per cent stake in Mindtree by purchasing shares from the open market, taking its overall holding in the mid-sized IT company to 25.93 per cent, according to a...
UK firm offers bid for grounded Jet Airways, keen to partner Etihad
London-based investment firm Adi Partners on Wednesday formally placed its bid for the cash-starved Jet Airways, a day before the bid deadline ends. The company, which is led by Sanjay Viswanathan, former chief...
RP takes over RCom board; corporate insolvency resolution process to resume
Following the National Company Law Tribunal (NCLT) directive, Reliance Communications (RCom) on Wednesday informed the stock exchanges that the administration of the corporate debtor would be taken over by the interim...
Interim resolution professional red-flags NBCC’s Jaypee Infratech bid
In a move that might throw a spanner in NBCC’s grand plans of winning the bid for the beleaguered Jaypee Infratech (JIL) projects, Anuj Jain, the interim resolution professional in a letter to the committee of creditors...
Zee stake sale at advanced stage, progressing steadily: Essel Group
Essel Group said Tuesday the stake sale process of Zee Entertainment Enterprises is at an advanced stage. “The stake sale process of Zee Entertainment Enterprises Ltd undertaken by Essel Group, is in steady...
L&T buys shares of Mindtree worth Rs 144 crore through open market
Construction major L&T on Tuesday bought shares worth about Rs 143.70 crore of Mindtree through open market transactions. According to the bulk deal data available with the NSE, the firm bought over 1.46 million...
Ratan Tata bets on Ola Electric Mobility, invests undisclosed amount
Ratan Tata, chairman emeritus of Tata Sons, has invested an undisclosed sum in Ola Electric Mobility (Ola Electric), the ride-hailing firm’s electric vehicle arm, as part of a Series A round of funding. Tata is also an...
Healthcare sector M&A deals up 155% in FY19, valued at Rs 7,615-cr: ICRA
Rating agency ICRA on Monday said merger and acquisition (M&A) deals in hospitals jumped by 155 per cent in 2018-19 amounted to Rs 7,615 crore as against transactions worth Rs 2,991 crore done in the previous year...
L&T buys Mindtree shares worth Rs 113 cr via open market in takeover bid
Infrastructure major Larsen & Toubro Monday bought shares worth about Rs 113 crore of Mindtree through open market transactions. According to the bulk deal data available with the NSE, L&T bought over 11.52 lakh...
