Adani Ports and Special Economic Zone (APSEZ), the largest transport utility in India, has completed the acquisition of Karaikal Port Private (KPPL) pursuant to National Company Law Tribunal (NCLT) approval. Earlier...
Edtech major BYJU’s, Aakash deny merger talks with rival Unacademy
Edtech major BYJU’s on Friday denied reports that it is considering a merger of rival Gaurav Munjal-run Unacademy into Aakash Educational Services. Reacting to a Money Control report which said, citing sources...
Adani Power sells Support Properties stake to AdaniConnex for Rs 1,556 cr
Adani Power on Thursday said it has sold a 100 per cent stake in Support Properties Private Ltd (SPPL) to AdaniConnex Private Ltd (ACX) at an enterprise value of Rs 1,556.5 crore. “Parties to the proposed...
Vedanta denies talks of stake sale, calls them ‘untrue’, ‘baseless’
Vedanta Ltd on Thursday termed any talks of sale in oil-to-metals conglomerate as “untrue and baseless.” This comes in the wake of news report which said that mining mogul Anil Agarwal is contemplating...
Nazara arm Sportskeeda pays $1.8 mn for 73.27% stake in NFL-focused US firm
Absolute Sports, the parent company of Sportskeeda, on Wednesday, said it has acquired a 73.27 per cent stake in Pro Football Network LLC (PFN) worth $1.82 million (about Rs 16 crore) through primary infusion of capital...
No plans to sell Bisleri: Ramesh Chauhan after Tata calls off negotiations
Veteran industrialist Ramesh Chauhan on Monday said he has no plans to sell his packaged water business Bisleri International and is not in talks with any parties for the same, three days after Tata Consumer Products...
NCLT okays HDFC, HDFC Bank merger, paving way for creation of finance giant
The Mumbai bench of National Company Law Tribunal (NCLT) has approved the merger of mortgage financier HDFC Ltd into HDFC Bank, paving the way for one of the largest financial behemoths in India. The merger already has...
UBS Group, Credit Suisse oppose idea of forced merger, says report
UBS Group AG and Credit Suisse Group AG are opposed to a forced merger, Bloomberg News reported on Thursday, citing people with knowledge of the matter. UBS prefers to focus on its own wealth-centric strategy and is...
CCI approves acquisition of 100% equity share capital of L&T IDPL, KTL
The Competition Commission of India (CCI) approved the acquisition of 100 per cent of the equity share capital of L&T Infrastructure Development Projects Limited (L&T IDPL) and Kudgi Transmission Limited (KTL)...
JAL approaches NCLAT against NCLT order on Jaypee Infratech matter
Jaiprakash Associates has approached the insolvency appellate tribunal NCLAT against the NCLT order relating to the distribution of Rs 750 crore in the Jaypee Infrastructure matter. The amount was deposited with the...
NCLAT set aside Nike India’s plea to initiate insolvency against its dealer
The National Company Law Appellate Tribunal (NCLAT) dismissed a petition filed by Nike India to initiate insolvency proceedings against one of its dealers. A two-member NCLAT bench upheld the orders of the National...
ICICI Bank given time till Sept 2024 to pare stake in ICICI Lombard
The Reserve Bank of India (RBI) has approved private sector lender ICICI Bank’s request seeking extension of time till September 9, 2024 for divesting its shareholding in its general insurance subsidiary, ICICI...
