The Adani Group has increased its stake in Ambuja Cements by 3.6%, bringing it to 70.3%, through the conversion of warrants into equity. The company announced on Wednesday that the Adani family, promoters, has fully...
Nazara Tech, Resurgent consortium bidders for Smaaash
Gaming firm Nazara Technologies and a consortium of financial services firm Resurgent India and Sanjay Lodha placed formal bids to buy Sachin Tendulkar-backed sports entertainment company Smaaash Entertainment Pvt. Ltd...
Hinduja arm asks NCLT to junk BHEL insolvency plea
Hinduja National Power Corporation Ltd (HNPCL) on Tuesday requested the National Company Law Tribunal that the insolvency petition filed by public sector undertaking Bharat Heavy Electricals Ltd against it be dismissed...
Protos, Paharpur Cooling get CCI nod to raise stake in Thyssenkrupp India
The Competition Commission of India (CCI) said on Tuesday it has cleared the acquisition of additional stake in Thyssenkrupp Industries India by Protos Engineering Company and Paharpur Cooling Towers. Thyssenkrupp...
Zee withdraws NCLT plea in Sony merger case
ZEE Entertainment Enterprises Limited (ZEEL) has withdrawn its application from the National Company Law Tribunal (NCLT) that sought directions to Sony Group Corp-owned Culver Max Entertainment and Bangla Entertainment...
Cipla to acquire Ivia Beaute’s cosmetics, personal care distribution, and marketing business for Rs 130 cr
Pharma major Cipla Ltd will acquire the cosmetics and personal care distribution and marketing business of Ivia Beaute Pvt Ltd, including the latter’s brands Astaberry, Ikin and Bhimsaini, on a worldwide basis for...
Adani’s Ambuja Cements to buy My Home Group’s grinding unit in TN for Rs 413.75 crore
Ambuja Cements on Monday said it will acquire My Home Group’s cement grinding unit at Tuticorin in Tamil Nadu for a total value of Rs 413.75 crore. The company — a part of the Adani Group — has signed...
Miraj Entertainment inks strategic partnership with IMAX
Miraj Entertainment has inked a strategic deal with IMAX Corporation to install three new IMAX with Laser systems at key locations across India, including one in Mumbai—set to open in 2024—one in Jaipur, and a third...
ChrysCap buys small stake in generics company La Renon for Rs 600 cr
The homegrown PE fund ChrysCapital has invested about Rs 600 crore ($70 million) in Ahmedabad-based La Renon Healthcare, valuing it at $800 million. ChrysCap has acquired about 8% stake from the promoter family in a...
Bankruptcy court disposes off insolvency applications against Mumbai Metro One
The Mumbai bench of the National Company Law Tribunal (NCLT) has disposed of two separate insolvency resolution applications filed by the State Bank of India and IDBI Bank against Mumbai Metro One. The borrower is a...
NCLAT stays insolvency proceedings against Captain GR Gopinath’s Deccan Charters till April 26
The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Captain GR Gopinath’s Deccan Charters till April 26, 2024, its next date of hearing. Earlier, the Bengaluru bench of...
Postman acquires Orbit to expand reach in software developer community
Postman, an application programming interface (API) management platform for enterprises, said it has acquired Orbit, a tool developer companies use to grow communities across forums, chat platforms and social channels...