Billionaire Gautam Adani-led conglomerate on Friday sold around 2.8% stake in Adani Group firm Ambuja Cements in a pre-market block deal valued at around Rs 4,200 crore. The cement stock, which is up about 22% so far in...
NCLAT asks RP to bring on record e-mail sent to successful bidder Sarda Energy seeking clarification
The NCLAT on Wednesday directed the resolution professional of SKS Power Generation to submit and bring on record the e-mail sent to the successful bidder, Sarda Energy and Mining on May 8, 2023, seeking clarifications...
KKR to offload 17% stake in InvIT Indigrid
Esoteric, private equity firm KKR’s affiliate, will sell a 17.3% stake in energy InvIT – India Grid Trust (IndiGrid) for $213.6 million, company said on Wednesday. IndiGrid is India’s first listed power...
CCI tunes in to RIL-Disney merger show, raises query
The Competition Commission of India (CCI) has asked Reliance Industries and Walt Disney as to why their proposed $8.5-billion merger of media assets in the country should not be probed over antitrust concerns, people...
Zappfresh acquires Mumbai-based Bonsaro to expand its online meat delivery business
Startup Zappfresh, which sells meat through its online platform, has acquired Mumbai-based Bonsaro to expand its business in West India. In a statement on Tuesday, Zappfresh said it has acquired Bonsaro (Majestic...
Edgar Bronfman submits rival bid to acquire Paramount Global
Veteran media executive Edgar Bronfman Jr. submitted a bid on Monday to acquire a stake in Paramount Global and National Amusements, the Redstone family company that controls the entertainment giant, a person familiar...
Simplex Projects’ promoter secures NCLT’s nod for acquiring company through bankruptcy
The bankruptcy court in Kolkata has approved the Simplex Projects revival plan submitted by its promoter Sudarsshhan Das Mundhra. Before the National Company Law Tribunal (NCLT) nod, the company’s lenders approved the...
CCI clears Rs 4,630 cr deal between Warburg Pincus, Shriram Housing Finance
The Competition Commission of India (CCI) has cleared Warburg Pincus’ acquisition of Shriram Housing Finance through its affiliate Mango Crest Investment. The deal value was earlier pegged at Rs 4,630 crore. In a...
Reliance Group moves NCLT to restrain IIHL from using ‘Reliance’ brand name
Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVPL), a Reliance Group company, has filed an interim application in the NCLT, seeking direction to the Reliance Capital’s successful resolution applicant IIHL to stop...
NCLT approves merger of Slice and North East Small Finance Bank
The National Company Law Tribunal (NCLT) has approved the merger of Bengaluru-based Slice with Guwahati-headquartered North East Small Finance Bank. This will pave the way for the closure of the merger, which received...
Operation buyout: KKR, TPG, and other PE firms eye purchase of India’s largest cardiac stent maker SMT
KKR, TPG Capital and Apax Partners are among private equity firms that are evaluating a purchase of India’s largest cardiac stent maker Sahajanand Medical Technologies (SMT), valuing the company at about ₹ 3,500...
Vedanta to sell 2.6% stake in Hindustan Zinc via OFS
Metals and mining major Vedanta Ltd on Tuesday announced that its committee of directors has approved the sale of up to 11 crore shares or 2.6% equity in Hindustan Zinc via an offer for sale (OFS). “We wish to...
