Reliance Industries (RIL) is in talks to acquire a stake in Bollywood producer and director Karan Johar’s Dharma Productions, said people familiar with the matter. A deal will strengthen the oil-to-telecom...
NCLT approves ICICI Bank’s scheme of delisting its affiliate ICICI Securities from the bourses
The Ahmedabad bench of the National Company Law Tribunal approved the ICICI Bank’s application for the scheme of arrangement for delisting of broking firm ICICI Securities Ltd from the bourses. On Wednesday the bench...
NCLT directs to initiate insolvency proceedings against Syska LED Lights
The National Company Law Tribunal (NCLT) has directed to initiate insolvency proceedings against Syska LED Lights, admitting the plea filed by its operational creditor — Sunstar Industries. Syska LED Lights, part...
Tellado Realty divests its hospitality business to StayVista
Tellado Realty, one of the luxury developers in Goa with projects like Tellado Villas (Siolim) and Baia Villas (Mandrem) has divested its hospitality business to villa rental brand StayVista. StayVista said it will be...
Kalpataru Projects International to sell stake in Vindhyachal Expressway for Rs 775 cr
Kalpataru Projects International Ltd (KPIL) on Wednesday signed definitive agreements with Actis Atlantic Holdings to sell its 100 per cent stake in Vindhyachal Expressway for Rs 775 crore. The completion of sale is...
ChrysCap set to take a bite of nutraceuticals co HealthKart
ChrysCapital is set to acquire about 20% stake in Bright Lifecare that runs omnichannel health products store HealthKart, valuing the business around $450 million (₹3,700 crore). The talks are in final stages and the...
CCI clears JM Financial’s 43 pc stake buy in JM Fin Credit Solutions
Fair trade regulator CCI on Tuesday cleared JM Financial’s proposed acquisition of a 43 per cent stake in JM Financial Credit Solutions Ltd. JM Financial Credit Solutions is an RBI-registered systemically...
Bharti Airtel in advanced talks to acquire Tata Play to boost digital TV segment
Sunil Mittal-led Bharti Airtel is in advanced negotiations with the Tata Group to buy loss-making Tata Play, India’s largest direct-to-home (DTH) business, said people aware of the matter. The aim is to consolidate its...
Amazon merges miniTV with MX Player to create a free streaming giant
Amazon is merging MX Player with miniTV to create a new ad-supported streaming platform branded as Amazon MX Player. This merger aims to offer a wide range of premium, free content to over 250 million users, making it...
Adani Group lays bricks to buy Heidelberg’s India cement unit
The Adani Group has begun talks to acquire the Indian cement operations of Germany’s Heidelberg Materials, according to people familiar with the matter. The proposed buyout of Heidelberg’s India unit will be...
NCLT initiates insolvency proceedings against Jupiter Landscapes over Rs 573 cr debt
The National Company Law Tribunal (NCLT) has ordered the initiation of corporate insolvency resolution process (CIRP) against realty developer Jupiter Landscapes following its default on repayments of non-convertible...
Exicom acquires US EV charging company Tritium for Rs 310 cr
Home grown EV charging solutions firm Exicom has acquired US-based DC fast charging technology company Tritium for USD 37 million, or about Rs 310 crore, a senior company official said. Exicom managing director Anant...
