Marksans Pharma Ltd on Wednesday said it will acquire Germany-based pharmaceutical wholesale and distributor ABCnow GmbH for euro 8,92,384 (nearly Rs 10 crore). The company has entered into a definitive agreement to...
Economic Times
Cult. Fit IPO: Actor Hrithik Roshan set to sell 6.33 lakh shares in Rs 3,500-4,000-crore offer
Fitness and active lifestyle platform Cult. Fit’s early investor and actor Hrithik Roshan is set to offload 6.33 lakh shares in the company’s Rs 3,500-4,000-crore public offer, its draft red herring...
Malabar Group companies’ merger gets CCI nod
The Competition Commission of India (CCI) on Tuesday said it has approved the merger of 51 Malabar Group’s companies into Malabar Gold and Diamonds. Most of the 51 Malabar companies are engaged in the jewellery...
Lockheed Martin to buy Ultra Maritime for $3.45 billion
Lockheed Martin will buy naval defense company Ultra Maritime from private equity firm Advent for $3.45 billion, bolstering its portfolio as global demand for military technology surges. After the closing of the deal...
Info Edge to acquire edtech platform Coding Ninjas
Info Edge, the parent company of job portal Naukri.com, announced in an exchange filing on Monday that it will acquire edtech platform Coding Ninjas. Additionally, the company informed the bourses that it will commit...
Prestige Estates buys 50% stake in Advent Convention and Hotels International for Rs 504 crore
Realty firm Prestige Estates Projects Ltd has acquired 50 per cent stake in Advent Convention and Hotels International Ltd for Rs 504 crore as parts of its expansion plan. Bengaluru-based Prestige Estates has entered...
NCLT order pertains only to 4.26% share transfer, not acquisition of Entertainment City
The National Company Law Tribunal (NCLT) has directed the registration of transfer of 59,30,304 equity shares, constituting only 4.26% of the issued share capital of Entertainment City Limited, purportedly transferred...
Baskin Robbins’ operator keen on Dunkin’ India ops
Baskin Robbins’ operator Graviss Group is in talks to acquire the India rights for donut-and-coffee chain Dunkin’ from the latter’s global parent Inspire Brands, said people aware of the development...
Inspira seals Rs 1,800-crore private credit for Burger King buy in India
Inspira Global, a closely held food business of the Ajanta Pharma promoters, has lined up ₹1,800 crore in private credit financing, including ₹1,050 crore from 360 One, to fund its acquisition of a controlling stake in...
Bhutani Group gets NCLT approval to take over Noida’s Entertainment City
The National Company Law Tribunal (NCLT) has paved the way for the NCR-based Bhutani Group to take over Entertainment City, which operates The Great India Place, Gardens Galleria Mall, Worlds of Wonder amusement park...
Adar Poonawalla Family Office invests Rs 700 crore in Inox Clean
Inox Clean Energy Limited on Thursday announced that Adar Poonawalla Family Office namely, Rising Sun Holdings Pvt. Ltd has invested Rs 700 crore into the renewable energy platform at a valuation of Rs 70,000 crore. The...
NCLT dismisses Unity Small Finance Bank’s insolvency plea against Awas Developers over default date
The Mumbai bench of the National Company Law Tribunal (NCLT) has dismissed an insolvency petition filed by Unity Small Finance Bank against Awas Developers and Constructions Pvt Ltd, holding that the lender failed to...
