Fair trade regulator CCI on Monday said it has approved Heineken International B.V’s proposed acquisition of an additional equity stake in United Breweries Ltd (UBL). This, however, is subject to the outcome of...
Axiata, Telenor sign $15.8 billion deal to merge Malaysian telecoms units
Malaysian telecoms firm Axiata Group Bhd and Norway’s Telenor ASA sealed an agreement to merge their mobile operations in Malaysia in a $15.8 billion deal, forming a new market leader in the competitive Southeast...
Vedanta arm is paying almost nothing for Videocon group, says NCLT
The National Company Law Tribunal (NCLT) has approved the resolution plan of Twin Star Technologies — a promoter entity of the Vedanta Resources group — for the Videocon group. But it has pointed out that...
Tata Digital to acquire majority stake in online healthcare marketplace 1MG
Tata Digital, a 100 per cent subsidiary of Tata Sons, on Thursday said it would acquire a majority stake in digital health start-up 1MG, continuing its series of investments in the online commerce ecosystem. The...
Astral hits new high on board nod to merger of adhesive arm Resinova
Shares of Astral (formerly Astral Pipes) rose 2 per cent to hit a new high of Rs 1,990 on the BSE in intra-day trade on Thursday, taking its gains to 5 per cent in the past four days, after its board on Monday approved...
Jaypee Infra insolvency: IRP seeks extension of process from SC till July 7
Jaypee Infratech’s Interim Resolution Professional (IRP) Anuj Jain has filed an application before the Supreme Court seeking extension of timeline for completion of its resolution process till the first week of...
Carlyle-led investment plan in PNB Housing unfair to stakeholders: SES
The proposal by a clutch of investors led by Carlyle Group to infuse Rs 4,000 crore in PNB Housing Finance is against the interest of public shareholders of the mortgage lender, parent company Punjab National Bank (PNB)...
Competition Comm clears Byju’s buyout of Aakash Educational Services
The Competition Commission has approved ed-tech startup Byju’s proposed acquisition of Aakash Educational Services Ltd (AESL). The deal, estimated to be worth around USD 1 billion, which will bolster Byju’s...
Oyo-NCLT case: Hotelier to withdraw insolvency plea against Oyo unit
Gurugram-based hotelier Rakesh K Yadav, who filed a plea with the National Company Law Tribunal against a unit of hospitality firm Oyo, has withdrawn the case after resolving issues with the company. “After open...
Suraksha Group seeks more time to submit final bid for Jaypee Infratech
Suraksha Group has sought at least seven days’ extension to submit an “improved revised” bid to acquire debt-laden Jaypee Infratech Ltd (JIL) through insolvency as it is exploring ways to sweeten its...
SoftBank Group may invest $700 mn in Flipkart after exiting firm in 2018
Masayoshi Son-led SoftBank Group Corp is in talks with Flipkart to invest $700 million in the e-commerce giant, according to the reports by The Economic Times and Mint. Japan’s SoftBank is looking to invest in Flipkart...
Chamath Palihapitiya files four more SPACs with partner Suvretta
Chamath Palihapitiya is still all in on SPACs. The venture capitalist-turned-SPAC-enthusiast filed on Wednesday to raise four more special purpose acquisition companies with a new partner. They add to the six blank...
