DRA Homes, a Chennai-based real estate developer, has acquired Marina Mall’s residential development project, the prestigious Marina Mall in OMR, Chennai, for Rs 25.10 crore. YuBi, a FinTech platform, funded the...
NCLAT directs to maintain status quo on Vadilal Enterprises, Vadilal International boards
The appellate tribunal NCLAT has directed Vadilal Enterprises and Vadilal International to maintain the status quo of the structure of their boards until further orders. Passing an interim order, a two-member NCLAT...
Firstsource acquires UK-based Ascensos for $56 million
RP-Sanjiv Goenka group’s Firstsource Solutions Monday acquired UK-based customer experience outsourcing partner for retail and eCommerce businesses, Ascensos for a consideration of £42 million ($55.9 million). The...
AM Green acquires Finland’s Chempolis and Fortum 3 for an undisclosed amount
Hyderabad-based AM Green Technology and Solutions B.V. (part of AM Green Group), has signed a binding agreement to acquire Finland’s Chempolis Oy and Fortum 3 B.V. entities, the company said on Monday. AM Green...
NCLT admits Future Group affiliate Acute Retail Infra under the insolvency resolution process
The bankruptcy court on Monday admitted Future Group’s affiliate Acute Retail Infra Pvt Ltd for Corporate Insolvency Resolution Process (CIRP) in an application filed by Avendus Finance Pvt Ltd after the company...
Edelweiss-owned Sekura acquires O2 Power’s MP assets for Rs 2k cr
Sekura Energy, the energy platform owned by Edelweiss Alternatives, has acquired 350-MW operational assets of O2 Power developed for Rewa Ultra Mega Solar (RUMSL) in Madhya Pradesh, said multiple people aware of the...
Hindustan Zinc stake sale: Govt holds roadshows in India and abroad
The government has conducted several roadshows in the last 15 days in financial capitals like Mumbai, London, Boston and New York to assess the market and meet investors for sale of its stake in Vedanta Group firm...
L&T acquires 12.25% stake in Indian Foundation for Quality Management
Engineering and construction conglomerate Larsen & Toubro (L&T) on Friday said it has acquired 12.25 crore equity shares of the Indian Foundation for Quality Management (IFQM), representing a 12.25 per cent...
Nandan Nilekani’s wife acquires Rs 8.55 crore stake in this small-cap logistics firm
Rohini Nilekani, philanthropist and wife of Infosys co-founder Nandan Nilekani, purchased shares worth Rs 8.55 crore in logistics firm Allcargo Gati via open market transactions on Thursday. Rohini Nilekani’s...
Adani Group set to acquire 46.64% stake in ITD Cementation India for Rs 5,888.57 crore
The Adani Group has emerged as frontrunner in the race to acquire the promoter’s 46.64% stake in ITD Cementation India to bolster its in-house civil engineering capabilities, said people aware of the matter. At current...
Govt approves sale of FSNL to Japan’s Konoike Transport Co for Rs 320 crore
The government on Thursday approved the privatisation of Ferro Scrap Nigam Ltd (FSNL) to Japanese corporation Konoike Transport Co Ltd for Rs 320 crore. Under the Steel Ministry, FSNL is a 100 per cent subsidiary of...
NCLAT stays order to re-run Rajesh Business’ bankruptcy process
The National Company Law Appellate Tribunal (NCLAT) has stayed a lower court’s order asking creditors of Rajesh Business & Leisure Hotels to restart a bankruptcy process after an appeal by lead lender ICICI...
