India’s largest Thrasio-style investment venture, GlobalBees has raised $150 million in a mix of equity and debt in a Series A led by e-commerce firm FirstCry and some of its investors with additional...
NCLAT stays NCLT’s nod to Twinstar’s resolution plan for Videocon Group
The National Company Law Appellate Tribunal (NCLAT) has stayed the approval granted by the Mumbai Bench of the National Company Law Tribunal (NCLT) to the resolution plan submitted for the beleaguered Videocon Group by...
BPCL disinvestment process slows down due to pandemic, LIC IPO: Report
India’s plan to sell a majority stake in the country’s second-biggest state refiner has slowed down amid the coronavirus pandemic and other government initiatives such as the initial public offering of the nation’s...
Razorpay acquires Bengaluru financial risk tech company TERA Finlabs
Fintech firm Razorpay has acquired TERA Finlabs, a Bengaluru-based startup that provides technology, risk and capital solutions to businesses, for an undisclosed amount. TERA Finlabs, the Indian subsidiary of UK digital...
Rossari to acquire Tristar Intermediates at enterprise value of Rs 120 cr
Rossari Biotech Ltd, a speciality chemicals manufacturer, on Sunday announced the acquisition of Tristar Intermediates at an enterprise value of Rs 120 crore. The board of the company has approved the acquisition of...
Self-driving vehicle start-up Aurora to go public in $11-bn Spac merger
Driverless technology startup Aurora Innovation Inc. has agreed to go public via a merger with Reinvent Technology Partners Y, a blank-check firm led by executives including LinkedIn co-founder Reid Hoffman and Zynga...
‘Undervalued’: Sydney Airport Holdings rejects $17-bn takeover bid
Sydney Airport Holdings said on Thursday it would reject a A$22.26-billion ($16.6-billion) takeover proposal from a group of infrastructure funds, the biggest of a frenzy of Australian deals fuelled by record-low...
RIL says can’t comment on speculation about Just Dial acquisition
Reliance Industries Limited (RIL) has said that it is unable to comment on media speculation about reports that RIL is in advanced talks to buy Just Dial for Rs 6,600 crore. In a regulatory filing, RIL said, “We...
JSW Energy to seek shareholder approval to raise up to Rs 5,000 crore
JSW Energy on Wednesday said it will seek shareholders approval to raise up to Rs 5,000 crore via equity shares, bonds and other such securities in its annual general meeting on August 4, 2021. The proposed resolution...
Investment firm Temasek, IFC buy out Upgrad Espos worth Rs 220 crore
Singaporean investment giant Temasek Holdings and the World Bank arm IFC have infused an additional Rs 220 crore or $29.5 million into leading online education platform Upgrad focused on up-skilling/reskilling...
NCLAT stays liquidation of Three C Homes; asks NCLT to consider options
The National Company Law Appellate Tribunal (NCLAT) has set aside NCLT’s direction to liquidate Three C Homes and ordered that other options be considered for the resolution of the debt-ridden realty firm. While...
Adani takes over Mumbai airport, becomes India’s largest airport operator
The Adani group has completed the acquisition of Mumbai International Airport Limited (MIAL) and will begin construction of the greenfield airport in Navi Mumbai next month, it said in a release today. Last August the...
