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...
Macrotech Developers buys out Ivanhoé Cambridge’s stake in 3 joint entities
Realty developer Lodha, listed as Macrotech Developers, has bought out the stake held by a company of Ivanhoé Cambridge in its three different joint entities for a consideration of Rs 239.56 crore. In line with the...
Aurobindo to acquire 49 pc stake in GLS Pharma for Rs 22.5 cr
Aurobindo Pharma Ltd on Wednesday said it will acquire the balance 49 per cent stake in GLS Pharma Ltd for Rs 22.5 crore to make the latter a wholly-owned subsidiary. The company has entered into a binding agreement on...
Rishabh Pant buys 2% stake in Techjockey for Rs 7.4 crore
Cricketer Rishabh Pant has acquired a 2% stake in online software marketplace Techjockey for Rs 7.4 crore, valuing the company at Rs 370 crore. Pant said he invested in Techjockey as the company was aiming to simplify...
Aster DM Health, Quality CARE inching closer to a merger deal
The proposed merger between Bangalore-based listed hospital chain Aster DM Healthcare and Hyderabad-based Quality CARE India is in its final stages of negotiations, and the deal is expected to be signed by the end of...
Bhartias lead race for Coke bottler Hindustan Coca-Cola Beverages, ink exclusivity pact to buy up to 40% s
The promoters of the Jubilant Bhartia Group have emerged as frontrunners for a stake in Coca-Cola’s India bottling arm, bettering an offer by the Burmans of Dabur, as they amp up their bet on the country’s...
Network18’s merger with TV18 and E18 gets NCLT approval
The Mumbai bench of the National Company Law Tribunal (NCLT) has granted final approval for the merger of TV18 Broadcast and e-Eighteen.com (E18) into Network18 Media and Investments, promoted by Reliance Industries Ltd...
Naspers gets CCI’s clearance to buy minority stake in Vastu Housing Finance Corp
Fair trade regulator CCI on Tuesday cleared South Africa-based Naspers’ proposal to acquire a minority stake in Vastu Housing Finance Corporation Ltd. Naspers Ventures BV is an indirect and wholly-owned subsidiary...
Nippo-maker Indo National sells entire 51% stake in Kineco for Rs 220 cr
Chennai-based Indo National Ltd, the manufacturer of consumer electrical brand Nippo, Tuesday said it has divested its entire 51% stake in composites maker Kineco Ltd for Rs 220 crore. Indo National said in a statement...
JK Tyres board approves merger of Cavendish Industries
JK Tyre and Industry Ltd board on Monday approved the merger plan of Cavendish Industries Ltd, said the company in a press release. The company said the amalgamation would result in all the businesses being housed in...
