The Mumbai bench of the National Company Law Tribunal (NCLT) has ordered the initiation of the corporate insolvency resolution process (CIRP) against Wind World (India) Infrastructure following an application filed by...
Manali Petrochemicals to sell UK subsidiary Notedome Ltd to Italian firm
Manali Petrochemicals Limited on Thursday announced divestment of its step-down UK subsidiary, Notedome Ltd, to Italian chemical specialities firm Chimica Organica Industriale Milanese (COIM). In a stock exchange...
Marengo Asia acquires Gujarat-based Sunshine Global Hospitals
Marengo Asia Hospitals on Thursday said it has acquired Gujarat-based Sunshine Global Hospitals with a combined capacity of 350 beds in Surat and Vadodara. “As we expand our presence in Western India, we are...
Gabriel India partners with South Korea’s SK Enmove to diversify product range
Auto components maker Gabriel India on Thursday said it has formed a joint venture with South Korea’s SK Enmove in order to diversify its product portfolio to include lubricants and engine oils. The strategic...
NCLT dismisses shareholder oppression case against Jindal Poly group company
The National Company Law Tribunal (NCLT) has dismissed a lawsuit claiming shareholder oppression by a Jindal Poly Films group firm which indirectly owns packaging film assets acquired from Exxon Mobil in 2013 by the...
Prosus buys additional stake in Ixigo; Peak XV, Elevation sell shares
Dutch investment firm Prosus has bought an additional 5.06% stake in Le Travenues Technology, the listed parent of online travel aggregator Ixigo. The shares were acquired from existing shareholders Elevation Capital (1...
Pahal Financial Services buys Rs 700 crore portfolio from Sub-K
In one of the biggest portfolio acquisitions in the microfinance sector, Gawa Capital-backed Pahal Financial Services has acquired a Rs 700-crore loan portfolio from Hyderabad-based Sub-K Impact Solutions along with its...
Bankruptcy court admits IDBI Bank’s insolvency resolution plea against Wind World arm
The Mumbai bench of the National Company Law Tribunal (NCLT) has ordered the initiation of the corporate insolvency resolution process (CIRP) against Wind World (India) Infrastructure following an application filed by...
ReNew gets final non-binding acquisition proposal from Masdar, CPP Investments, others
ReNew Global Energy Plc (ReNew) has received a final non-binding proposal to acquire its entire share, which is not owned by members of a consortium, including CPP Investments and founder Sumant Sinha, for USD 8.15 per...
LT Foods set to buy Hungary’s Global Green for Rs 25 million
Packaged foods and staples maker LT Foods has signed a definitive agreement to acquire 100% stake in Hungary-based processed and canned foods maker Global Green Europe Kft for ₹25 million via its European subsidiary...
Cloudnine Hospitals leads race to acquire Apollo Cradle
Cloudnine Hospitals, one of India’s leading maternity and paediatric care chains, is in advanced talks to acquire Apollo Cradle and Children’s Hospital (ACCHL) in a potential deal valued at about ₹1,500...
a16z-backed data firms Fivetran, dbt Labs to merge in all-stock deal
Data startups Fivetran and dbt Labs will merge in an all-stock deal, creating a combined data infrastructure company with nearly $600 million in annual revenue, the two companies told Reuters. The deal is structured as...
