Appellate tribunal NCLAT has set aside petitions against the NCLT order that approved the resolution plan for Duncans Industries. The National Company Law Appellate Tribunal (NCLAT) also clarified that while approving...
NCLT okays Leo Meridian Infrastructure Projects’ acquisition by Jalavihar Entertainment Consortium
The Hyderabad bench of the National Company Law Tribunal (NCLT) approved the Jalavihar Entertainment Pvt Ltd (JEPL)-led consortium’s acquisition of Leo Meridian Infrastructure Projects & Hotels Ltd. The defunct...
NCLAT issues notice to Ambuja Cements over Alok Sanghi’s insolvency plea
The NCLAT has issued a notice to Adani Group entity Ambuja Cements over a plea filed by Alok Sanghi, former promoter of Sanghi Industries, which was acquired by Ambuja in 2023. Passing an interim order on Tuesday, the...
Religare Enterprises withdraws NCLAT petition against CCI order favouring Burman group’s stake buy
Religare Enterprises has withdrawn its appeal at the NCLAT against a competition watchdog CCI order that allowed four Burman group entities to acquire a 5.27 per cent stake in the financial services firm. The move comes...
Sun Pharmaceuticals to acquire Checkpoint Therapeutics for $355 mn
Sun Pharmaceuticals announced that it is set to acquire Checkpoint Therapeutics, an immunotherapy and targeted oncology company, for $355 million. The transaction is expected to be completed in the second calendar...
Brookfield to sell 1.6 GW India Renewable Assets to Gentari
Brookfield Asset Management, the New York headquartered alternative asset manager has sold its 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India, structured in two phases, according to a...
Dubai-based IHC’s arm sells stake in Adani Enterprises
Dubai-based IHC’s arm has sold 84.49 lakh shares in Adani Enterprises for around Rs 1,800 crore, according to a filing. The sale was executed through two entities — Green Vitality RSC and Green Energy Investment Holding...
Jio Financial buys out SBI’s stake in payments bank JV
Jio Payments Bank, a joint venture between Jio Financial Services and the State Bank of India (SBI), is set to become a wholly-owned subsidiary of the Mukesh Ambani-promoted financial services company. On Tuesday, the...
CCI okays JSW Energy’s proposal to acquire KSK Mahanadi Power Company
The Competition Commission of India on Tuesday cleared JSW Energy’s proposal to acquire KSK Mahanadi Power Company. “The proposed transaction involves the acquisition of 100% shareholding in KMPCL (which is...
CCI approves Ambuja Cements’ acquisition of Orient Cement
India’s antitrust watchdog, approved Ambuja Cements’ acquisition of India Cements on Tuesday, months after the Adani Group company first announced the deal. Ambuja Cements, India’s second-largest...
M2P Fintech in talks to acquire AI startup Vue AI in distress deal
M2P Fintech, a financial technology infrastructure startup, is in advanced talks to acquire Mad Street Den that owns the artificial intelligence platform Vue.ai in a distress sale for around $10-15 million in cash and...
Adani Wilmar to acquire GD Foods Manufacturing at Rs 603 crore
The manufacturer of Fortune edible oil, Adani Wilmar Ltd on Tuesday announced it is going to acquire GD Foods Manufacturing (India), which sells the Tops range of sauces and condiments, valuing the New Delhi-based...
