Corporate dispute tribunal NCLT has asked the suspended board of grounded airline Go First to file a reply within three weeks over the liquidation of the debt-ridded firm. A two-member bench of the Delhi-based National...
Hindujas’ acquisition of RCap hits tax dues hurdle
Hinduja-owned IndusInd International Holdings’ (IIHL) ₹9,861-crore acquisition of Anil Ambani-promoted Reliance Capital has hit another roadblock, with the Mauritius based company saying the final payment to...
CCI approves Canadian pension fund’s additional stake buy in Highway Infrastructure Trust
Fair trade regulator CCI on Tuesday cleared Canada-based Ontario Teachers Pension Plan Board’s proposal to acquire additional unitholding in Highway Infrastructure Trust. “CCI approves additional acquisition...
NCLT seeks Go First response on CoC decision to liquidate company
The National Company Law Tribunal (NCLT) on Tuesday issued a notice to the suspended management of grounded budget carrier Go First, seeking its response to the Committee of Creditors’ (CoC) decision to liquidate...
Yatra acquires Globe Travels for Rs 128 crore in cash
Yatra Online Limited announced on Monday that it has entered into a definitive agreement to acquire 100% of Globe All India Services Limited (Globe Travels), a corporate travel services provider for Rs 128 crore in cash...
Reverse merger likely to improve profit of Gujarat Gas, stock up 11%
The stock of Gujarat Gas gained 11.12% on NSE Monday following the state’s plan to simplify the shareholding structure through a reverse merger of Gujarat State Petroleum Corp (GSPC) and Gujarat State Petronet Ltd...
Emami to acquire remaining 49.6% stake in ‘The Man Company’
Home-grown FMCG major Emami on Saturday announced the acquisition of the remaining 49.6 per cent stake in Helios Lifestyle, which owns male grooming brand ‘The Man Company’. Helios Lifestyle is already a...
In India, some mergers and acquisitions are more equal than others. Just look at ICICI Securities case
Amid the ongoing row between a New York-based short seller and the Indian market regulator, a completely different controversy is brewing. It involves the country’s second-most-valuable bank, and its plan to swallow up...
Adani Ports acquires 80% stake in Dubai’s Astro Shipping for $185 million
Adani Ports & Special Economic Zone Ltd (APSEZ) Friday said it has agreed to buy an 80% stake in Dubai-based Astro Shipping Company for $185 million (about ₹1,551 crore) as part of its strategy to expand fleet and...
Zee files application seeking recall of NCLT order sanctioning merger with Sony
Zee Entertainment Enterprises has filed an application with the National Company Law Tribunal (NCLT) seeking the recall of the tribunal’s August 10, 2023 order, which sanctioned the merger scheme with Sony Group...
Power Grid Corp acquires Bhadla-III & Bikaner-III Transmission
State-owned Power Grid Corporation on Friday said it has acquired project special purpose vehicle (SPV), Bhadla-III and Bikaner-III Transmission Ltd, through tariff-based competitive bidding. “Power Grid...
NCLAT rejects appeal filed by Deepak Chhabria of Finolex Cables against Orbit Electricals
The National Company Law Appellate Tribunal (NCLAT) has rejected an appeal filed by Deepak Chhabria and his wife, Vini Chhabria, against Orbit Electricals Private Limited. Orbit Electricals holds a 30.70% stake in...
