Non-banking finance company Sammaan Capital sold a Rs 5,000 crore loan portfolio to stressed loan aggregator Arcil, in one of the largest such loan sales in the just-ended fiscal year. The loan pool spans real estate...
Economic Times
Mindspace REIT acquires 51% stake in 2.6-million-sq-ft Chennai IT park for Rs 1,500 cr
Real estate investment trust Mindspace Business Parks REIT has acquired 51% stake in an information technology park spread over 2.6 million sq ft in Chennai for Rs 1,500 crore. The acquisition price includes the...
Marengo Asia Hospitals aims to raise ₹500 crore via 10% stake sale
Marengo Asia Hospitals is looking to raise ₹500 crore by selling a 10% stake to external investors, said people in the know. An information memorandum with details of the hospital chain’s financials was recently...
NCLAT adjourns hearing on Vedanta plea against selection of Adani’s bid for JAL
The National Company Law Appellate Tribunal (NCLAT) on Monday adjourned its hearing over mining giant Vedanta Group’s petitions against the selection of Adani Enterprises’ bid for debt-ridden Jaiprakash...
NCLAT upholds project-specific insolvency action for realty firms
The National Company Law Appellate Tribunal has reaffirmed that insolvency proceedings initiated by homebuyers against realty firms must remain confined to the specific project where default has occurred and cannot...
NCLT clears merger of Nirmal Lifestyle Realty with Oberoi Realty
The National Company Law Tribunal (NCLT) has approved the amalgamation of Nirmal Lifestyle Realty with listed developer Oberoi Realty, paving the way for consolidation within the latter’s group structure as it sharpens...
Jhunjhunwalas-backed IKS healthcare looks to acquire TruBridge for $600 million
Inventurus Knowledge Solutions (IKS), a healthcare technology solutions company backed by the family of the late Rakesh Jhunjhunwala, is in advanced negotiations to acquire Nasdaq-listed TruBridge in the US for around...
NCLT clears merger of Nirmal Lifestyle Realty with Oberoi Realty
The National Company Law Tribunal (NCLT) has approved the amalgamation of Nirmal Lifestyle Realty with listed developer Oberoi Realty, paving the way for consolidation within the latter’s group structure as it sharpens...
Jindal Renewables, INOXGFL in race for GIP’s Vena India
Leading homegrown clean energy producers such as Naveen Jindal-owned Jindal Renewables, INOXGFL Group, and Edelweiss-owned Sekura Energy are in talks to acquire Vena Energy India, a 1.1 GW renewable energy platform...
Canada’s Cohere, Germany’s Aleph Alpha in merger talks: Report
Canadian artificial intelligence company Cohere and German company Aleph Alpha are reportedly in merger discussions. The German government is said to support a potential deal, viewing it as a strategic move. This...
Sun Pharma closes in on Organon buy, gets set for $12 billion binding bid
Sun Pharmaceutical Industries has decided to proceed with a binding offer of $12 billion for Organon & Co, taking the company to the final stages of its most ambitious overseas acquisition bid as it looks to become...
Whitestone REIT to be taken private by Ares in $1.7 billion deal
Whitestone REIT will be acquired by funds managed by Ares Management Corp in an all-cash deal, valuing the U.S. shopping center owner at about $1.7 billion, the company said on Thursday. Shares of Whitestone REIT...
