The Indian Hotels Company announced on Tuesday that it has sold its entire shareholding in Taj GVK Hotels & Resorts, formally ending its ownership relationship with the company. In a stock exchange filing, the now...
Go Digit General Insurance board okays merger with holding company
Go Digit General Insurance’s board has approved a plan to merge its holding company, Go Digit Infoworks Services, with the listed insurer. This will be the first time an insurance company has merged with a non-insurance...
Paramount TPA to merge with Medi Assist Insurance TPA
Medi Assist Healthcare Services Ltd on Monday said its step down subsidiary Paramount Health Services & Insurance TPA Private Ltd (Paramount TPA) decided to merge with another group entity Medi Assist Insurance TPA...
KKR, Kreate acquire South Korea’s Cheongna Logistics Center
Global investment firm KKR and its affiliated Korean asset manager, Kreate Asset Management, said on Tuesday they have purchased Cheongna Logistics Center, in what they called South Korea’s largest single-asset...
Syska LED insolvency draws four bidders, including promoter and Mutares Group
The insolvency resolution process of Syska LED Lights has attracted interest from four parties-the company’s promoter, Germany-based turnaround investor Mutares Group, Aikyam Stressed Asset Fund and Cyfuture...
Arvind Fashions snaps up Flipkart’s stake in Flying Machine for Rs 135 crore
Arvind Fashions said on Monday it will buy Flipkart India’s entire 31.25% stake in its denim-focused unit that runs the Flying Machine brand, in a deal valued at Rs 135 crore. Arvind Youth Brands Private Limited runs...
NCLAT rejects insolvency plea against Jumbo Finvest, upheld NCLT order
Appellate tribunal NCLAT has rejected Equitas Small Finance Bank’s appeal to initiate insolvency proceedings against Jumbo Finvest, upholding a National Company Law Tribunal order in the matter. Earlier, the...
Culver Max insolvency plea against fintech firm: NCLAT quashes NCLT order, directs fresh hearing
In a relief to Culver Max Entertainment (formerly known as Sony Pictures Network India), appellate Tribunal NCLAT has set aside an NCLT order rejecting the insolvency plea filed by the broadcaster against an Odisha...
India’s tech M&As on a three-year high with deal value touching $29 billion
India’s technology mergers and acquisitions hit a three-year high in 2025, with total deal value expected at $26-29 billion, up 30% from $20 billion in 2024, exclusive data shared by EY showed. Deal activity has...
PNB invites bids from ARCs for stressed assets
State-run Punjab National Bank (PNB) has invited offers from asset reconstruction companies (ARCs) to sell bad loans worth Rs 2,560 crore, including exposures of Rs 468 crore to Millennium Expressway, Rs 390 crore to...
Bhilwara Energy signs pact to acquire 76 MW hydro project in Uttarakhand
Diversified LNJ Bhilwara Group on Thursday said it has signed an agreement to acquire a 100 per cent stake in Mandakini Jal Urja, which is constructing a 76 MW hydro project in Uttarakhand, for an undisclosed amount...
Jupiter Hospital, Reliance-backed co in race for Mumbai SevenHills
A Reliance Industries-backed company and Jupiter Hospital are in the fray to acquire the unlisted SevenHills Healthcare, people with knowledge of the matter told ET. The target is a 1,500-bed hospital embroiled in a...
