Ahmedabad-based pigments major Asahi Songwon Colours Limited on Monday announced its foray into active pharmaceutical ingredient (API) manufacturing with the acquisition of Atlas Life Sciences Private Limited. A leading...
HDFC moved NCLT against SITI Networks claiming default of Rs 296 cr
Housing Development Finance Corporation Ltd (HDFC) has moved insolvency tribunal NCLT against the country’s leading multi-system operator SITI Networks Ltd for alleged default of Rs 296 crore. SITI Networks has...
PhonePe, Affle, seek ‘out of court’ settlement for Indus OS acquisition
Walmart-owned digital payments firm PhonePe, mobile platform Indus OS, Affle Global Pte Ltd (AGPL) and Ventureast (VPF) said that they are moving towards an out of court settlement regarding the dispute...
UK-based investor Nithia Capital eyes more acquisitions in steel space
UK-based global advisory and investment firm, Nithia Capital, which recently snapped up Crest Steel and Power, is eyeing more acquisitions. “There are at this point three or four active transactions that we are pursuing...
Tata AIA Life Insurance ties up with Common Service Centres
Tata AIA Life Insurance on Saturday said it has tied up with Common Service Centres which will provide access to about 95 per cent of gram panchayats in the country. As part of its effort to deliver much-needed life...
Amazon, Future dispute: SC lets arbitration resume over FRL merger
The Supreme Court on Wednesday ordered resumption of arbitral proceedings before the SIAC tribunal over Future Retail’s merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd. A bench comprising Chief...
US-based Nithia Capital acquires steel maker CREST for Rs 600 crore
US-based advisory and investment firm Nithia Capital on Tuesday announced the acquisition of Crest Steel and Power Pvt Ltd (CREST) in Chhattisgarh for Rs 600 crore through an insolvency proceeding. This acquisition has...
CCI to enforce stricter M&A disclosure requirements starting May 1
Companies planning for merger and acquisition (M&A) will have to disclose the extent of “complimentary linkages” between them and their impact on the market under the revised reporting requirement of the Competition...
Indo Count soars 10% on completing acquisition of home textile biz of GHCL
Shares of Indo Count Industries soared 10 per cent to Rs 186 on the BSE in Monday’s intra-day trade, gaining as much as 17 per cent in the past two trading sessions after the company completed the acquisition of the...
KKR affiliate sells 10% stake in Max Healthcare for nearly Rs 3,300 cr
Private equity major KKR’s affiliate firm Kayak Investment on Thursday sold 10 per cent stake in Max Healthcare Institute for nearly Rs 3,300 crore. It sold shares at Rs 340 apiece to a clutch of investors, which...
Lenders restructure Jain Irrigation’s debt worth Rs 3,878 cr
Lenders led by State Bank of India to ailing Jain Irrigation Systems Ltd (JISL) have completed restructuring of debt worth Rs 3,878 crore. The debt recast covered aspect like converting about 40 per cent of the total...
Bain Capital buys 24.98% stake in IIFL Wealth for nearly Rs 3,700 cr
Private equity firm Bain Capital will acquire a 24.98 per cent equity stake in IIFL Wealth Management from General Atlantic Singapore and FIH Mauritius, which is owned by Indian-Canadian billionaire Prem Watsa’s company...
