Australia’s Macquarie Asset Management has called off plans to sell renewable energy platform Vibrant Energy due to a valuation mismatch in negotiations, said people aware of the development. Vibrant, a portfolio...
hBits forays into Pune property market, acquires asset in CyberCity Magarpatta
Fractional ownership platform hBits is looking to raise over Rs 55 crores for a pre-leased commercial asset it has acquired in Pune marking its foray in the second largest city in Maharashtra. The property is leased to...
Indus Towers share declines 3% after Airtel dismisses talks of acquiring stake
The shares of Indus Towers declined 3% on Wednesday on BSE to the day’s low of Rs 348 after Sunil Mittal-owned Bharti Airtel dismissed news of being in talks to acquire a stake in the company. Earlier reports had said...
NCLT admits insolvency resolution plea against listed infra firm Sadbhav Engineering
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has admitted the listed road infrastructure company, Sadbhav Engineering, under the corporate insolvency resolution process in an application filed by its...
Talk of the Tower: Airtel eyes Vodafone’s 21.05% in Indus
Bharti Airtel is in talks to buy UK-based Vodafone Group’s 21.05% stake in Indus Towers, which could potentially give India’s second ranked telco a controlling interest, said two people aware of the matter...
NCLT orders insolvency proceedings against Subhash Chandra on Indiabulls Housing Finance plea
The National Company Law Tribunal (NCLT) on Monday ordered insolvency proceedings against media mogul Subhash Chandra, following a plea filed by Indiabulls Housing Finance. The decision, announced by a two-member bench...
Jet Airways ownership transfer: SC agrees to hear lenders’ appeal against NCLT order
The Supreme Court on Monday agreed to hear the State Bank of India-led consortium of lenders’ appeal against the National Company Law Appellate Tribunal’s order that upheld the transfer of ownership of grounded...
Government may sell 15% stake in Bharti Hexacom in multiple chunks
The government is considering to sell the remaining 15% stake in multiple tranches, and the Telecom Consultants India Limited (TCIL) would share proceeds of Bharti Hexacom’s debut initial public offering (IPO) as a...
Aurionpro Solutions to acquire fintech startup Arya AI for $16.5 million
Financial services software firm Aurionpro Solutions on Friday said it will acquire banking and insurance focused startup Arya.ai for $16.5 million (about Rs 138 crore). Under the all-cash deal, NSE-listed Aurionpro...
Indo Count acquires global home fashion brand Wamsutta
Indo Count, a global bed linen manufacturer and exporter, announced its strategic acquisition of the international home fashion brand Wamsutta from Beyond, Inc. Beyond, Bed Bath & Beyond, Baby & Beyond, Welcome...
Dream11 gets relief from insolvency resolution process
The National Company Law Appellate Tribunal on Thursday granted relief to Sporta Technologies, the parent company of Dream11, freeing it from the corporate insolvency resolution process (CIRP) rejecting a petition by...
Bharti Airtel’s merger deal with Dialog Axiata in Sri Lanka gets regulatory approval
Bharti Airtel’s definitive agreement to merge its Sri Lanka unit into market leader Dialog Axiata through an all-stock deal has received approval from the Telecommunications Regulatory Commission of Sri Lanka (TRCSL)...