Tube Investments of India (TII), a Murugappa Group company, has acquired a 50 per cent stake in X2Fuels and Energy, an early-stage start-up incubated at the National Centre for Combustion Research and Development...
BSNL-BBNL merger close to finalisation, Deloitte to submit report on Friday
Bharat Sanchar Nigam Ltd (BSNL) and Bharat Broadband Network’s (BBNL) merger to set up the country’s largest optic fibre cable (OFC) network is reportedly close to finalisation. According to a report...
Sukoon Healthcare secures $15 mn from Lightrock for a majority stake
The in-patient psychiatric facility Sukoon Healthcare has secured USD 15 million (about Rs 120 crore) investment from Lightrock India for a majority stake in the hospital. The Gurugram-based hospital in a statement on...
Proposed merger of Simon & Schuster with Penguin is officially over
Simon & Schuster’s corporate parent has officially ended the agreement for Penguin Random House to purchase the publisher, a proposed sale a federal judge already had blocked last month. Paramount Global also...
JK Paper to acquire Horizon Packs, Securipax Packaging for Rs 578 cr
Paper and packaging board company JK Paper said it will acquire Horizon Packs Private Ltd and Securipax Packaging Private Ltd in phases for about Rs 578 crore. HPPL and SPPL are India’s leading corrugated...
AM/NS India completes Rs 16,500 cr acquisition of Essar group infra assets
ArcelorMittal Nippon Steel India (AM/NS India) – a joint venture between ArcelorMittal and Nippon Steel – has closed a Rs 16,500-crore ($2.05 billion) deal to acquire Essar group’s port and power assets. With this...
NCLT orders corporate insolvency resolution of real estate firm BPTP
The National Company Law Tribunal has ordered the commencement of corporate insolvency resolution process of real estate company, BPTP Ltd on November 14. Rakesh Kumar Gupta has been appointed the IRP and the creditors...
DSP Investment Managers to acquire 10% stake in Equitas Small Finance Bank
DSP Investment Managers Private Ltd (DSPIM) will buy a nearly 10 per cent stake in Equitas Small Finance Bank for an undisclosed amount, following approval from the Reserve Bank of India. The bank has received an...
Govt gets Rs 3,839 cr from Axis Bank stake sale; disinvestment kitty swells
The government has garnered about Rs 3,839 crore by selling a 1.5 per cent stake in Axis Bank, held through SUUTI. Last week the government sold a 1.5 per cent stake in Axis Bank through the Specified Undertaking of the...
Videocon Insolvency: Wisdom of creditors can’t fluctuate, Twinstar tells SC
The Supreme Court heard the appeal of Vedanta group’s Twinstar Technologies against the order of the National Company Law Appellate Tribunal (NCLAT). Appearing for Twinstar, Senior Advocate Abhishek Manu Singhvi said...
Softbank to divest 29 mn shares in Paytm via block deals on Thursday
SoftBank plans to offload 29 million shares in One97 Communications, which operates India’s largest payments platform Paytm. The global tech investor is offering shares in the range of Rs 555-Rs 601.45 via block deals...
Tata Consumer and Tata Coffee shareholders approve merger at Nov 12 vote
Shareholders of Tata Consumer, Tata Coffee and TCPL Beverages approved the scheme of arrangement between the three companies, the voting for which was held on November 12. In March, Tata Consumer’s board had approved...
