The National Company Law Appellate Tribunal (NCLAT) Friday allowed Infrastructure Leasing & Financial Services (IL&FS) to sell its 100% stake in IL&FS Paradip Refinery Water Ltd (IPRWL) to a successful...
Vedanta demerger moves ahead as NCLT clears way for meetings of shareholders, creditors
Mining major Vedanta Ltd on Friday said the Mumbai bench of the NCLT has asked the company to call for a meeting of its secured and unsecured creditors and shareholders in the next 90 days to discuss the proposed...
PAG to acquire Advent-owned Manjushree Technopack
Asia-focused private equity fund PAG will acquire Manjushree Technopack Ltd. India’s largest rigid plastic packaging solution provider. US fund Advent International will sell its stake at a valuation of $1 billion, said...
360 ONE Asset acquires stake in OneSource Specialty Pharma
Asset management firm 360 ONE Asset on Thursday said it has invested in OneSource Specialty Pharma, a fast-growing Contract Development and Manufacturing Organization (CDMO) by acquiring a stake from an existing...
Moglix acquires Khatema Fibres for Rs 80 crore
B2B ecommerce platform Moglix on Thursday announced the acquisition of paper manufacturing firm Khatema Fibres for Rs 80 crore and said it would help the platform expand its product portfolio and accelerate growth. The...
NCLT grants approval to Mahindra Homes’ share capital reduction plan
The National Company Law Tribunal (NCLT) has approved a capital reduction proposal of Mahindra Homes, a subsidiary of Mahindra Group’s real estate and infrastructure development company Mahindra Lifespace Developers...
TCIL may sell 15% stake in Bharti Hexacom in two or more tranches
State-run Telecommunication Consultants India Limited (TCIL) is likely to sell its remaining 15% share in Bharti Hexacom in multiple tranches for a windfall income. “The government is considering selling out 15%...
Adani Energy Solutions signs pact to acquire 100 pc stake in Pune- III Transmission
Adani Energy Solutions Ltd (AESL) on Wednesday said it has signed a pact with PFC Consulting Ltd for acquisition of a project special purpose vehicle – Pune- III Transmission Ltd. The Pune- III Transmission...
Bharti Global completes acquisition of 24.5% stake in BT Group
Bharti Global, the international investment arm of Bharti Enterprises, has completed the acquisition of 24.5% stake in UK’s BT Group plc, marking the Sunil Mittal-led company’s second major international foray after...
SKFS acquires Mirah Hospitality to grow its food services business pan-India
Food services and hospitality company SKFS Group is acquiring 100% equity in Mirah Hospitality & Gourmet – which owns restaurant brands Rajdhani, Bayroute and Hitchki – for Rs 80 crore. “We are looking to scale up...
SKFS acquires Mirah Hospitality to grow its food services business pan-India
Food services and hospitality company SKFS Group is acquiring 100% equity in Mirah Hospitality & Gourmet-which owns restaurant brands Rajdhani, Bayroute and Hitchki-for ₹80 crore. “We are looking to scale up...
Murugappa to buy Germany’s Hubergroup; acquisition at an enterprise value of $310 million
Chennai-based Murugappa Group has signed a deal to acquire German specialty chemicals firm Hubergroup for an enterprise value of $310 million, a move that will help it expand in the global print and packaging sector...
