Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Limited, has acquired a majority stake in Australia’s ‘better-for-you’ beverage company Goodness Group Global Pty. Ltd. (GGG), marking a key...
IDBI stake sale: Kotak Mahindra, Fairfax to submit financial bids
Prema Watsa’s Fairfax Financial and Kotak Mahindra Bank are set to submit financial bids separately for a majority stake in IDBI Bank along with supporting documents on Friday, according to people with knowledge...
Insolvency case against Alchemist recalled after ED’s intervention
The National Company Law Tribunal (NCLT), New Delhi, has recalled the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Alchemist Limited, upon holding that the insolvency proceedings were vitiated by...
NCLT allows Rs. 2,500-crore class action lawsuit against Jindal Poly Films
In a rare occurrence, the National Company Law Tribunal (NCLT) has admitted a class action lawsuit filed against Jindal Poly Films by minority shareholders who approached the court claiming Rs. 2,500 crore of damages...
Bankruptcy court orders insolvency proceedings against Gurgaon-based builder
The bankruptcy court has ordered the admission of a Gurgaon-based real estate developer under the corporate insolvency resolution process (CIRP) in an application filed by IDBI Trusteeship Services after the company...
JetSynthesys acquires Big Fish Games’ EverMerge to scale global gaming play
Video gaming company JetSynthesys, which is backed by Sachin Tendulkar, has strengthened its global footprint with the acquisition of EverMerge, a popular merge puzzle game from Big Fish Games, a subsidiary of...
Marico to acquire majority stake in protein supplement brand Cosmix valuing it at Rs 375 crore
Fast moving consumer goods company Marico is acquiring a 60% stake in plant-based protein supplements brand Cosmix in a deal that values the startup at Rs 375 crore, according to a filing made with the stock exchanges...
KNAV acquires majority stake in UAE’s Affiniax
Global accounting and consulting firm KNAV has acquired a majority stake in Affiniax Group, a UAE-based assurance and advisory firm, for an undisclosed amount. Both KNAV and Affiniax Group are members of Allinial...
Supreme Court sets aside NCLAT order of CCI probe against Flipkart, sends back case for fresh adjudication
The Supreme Court on Tuesday set aside a 2020 order of the National Company Law Appellate Tribunal (NCLAT) directing the director general of the Competition Commission of India to probe alleged violations of competition...
Film studios see M&A wave as Reliance picks up stake in Guneet Monga’s Sikhya Entertainment
Mergers and acquisitions (M&A) in the film studio business are expected to be a key theme in 2026, with Reliance Industries Limited (RIL) emerging as the latest player to scale up its presence by acquiring a...
Govt considering merger of state-run entities PFC and REC
The government is considering a merger of state-run power sector lender Power Finance Corporation (PFC) and its subsidiary REC Ltd as a part of the restructuring push, sources said on Monday. PFC and REC play a key role...
ChrysCap buys into design & manufacturing co Nash
Homegrown private equity firm ChrysCapital said Tuesday it has bought a significant minority stake in Nash Industries, a Bengaluru-based design and manufacturing solutions provider. Financial details of the transaction...
