Pune-based ADM Group, a diversified manufacturing and engineering firm has acquired a controlling stake in Bangkok-headquartered CCS Advance Tech Co. Ltd for an undisclosed amount, the company said in a release. The...
Dabur to acquire a minority stake in the luxury skincare D2C company RAS Beauty, for Rs 60 crore
Packaged goods maker Dabur is acquiring a minority stake in luxury skincare direct-to-consumer company RAS Beauty for Rs 60 crore, it said in a BSE filing late Tuesday. RAS Beauty is a Raipur-based digital first, “farm...
Legends League Cricket sold to Blue God Entertainment for Rs 49 crore
Absolute Legends Sports on Monday announced that Legends League Cricket has been acquired by Blue God Entertainment for Rs 49 crore, making it the first cricket league which will be represented through a listed Indian...
Mitsubishi Mahindra Agricultural Machinery to exit farm equipment business
Mitsubishi Mahindra Agricultural Machinery Co (MAM), an associate company of Mahindra & Mahindra, will exit the agricultural machinery business after years of losses and a review of its long-term viability. Mahindra...
NCLAT dismisses Dhoot brothers’ plea in ₹5,354 crore SBI insolvency case
The appellate tribunal NCLAT has dismissed petitions filed by two Dhoot brothers – Rajkumar Nandlal Dhoot and Pradeep Nandlal Dhoot, challenging the initiation of personal insolvency against them over a default...
Jindal Films’ class action suit: NCLAT declines to stay NCLT order
The appellate tribunal NCLAT has declined to stay an order of the National Company Law Tribunal, which has admitted a class action petition against Jindal Poly Films, filed by its shareholders. A two-member NCLAT bench...
RBI’s power play to fire up mergers and acquisitions
In a decisive move aimed at creating a stronger, more competitive corporate environment and enhancing the role of commercial banks in the mergers and acquisitions (M&A) activities in India, the Reserve Bank of India...
Shriram Pistons raises Rs 1,000 crore for Antolin buy
Auto components maker Shriram Pistons and Rings (SPRL) has raised Rs 1,000 crore from a group of mutual fund investors to fund its Rs 1,670-crore acquisition of the local entities of Spanish company Groupo Antolin...
Anupam Rasayan completes USD150-mln acquisition of US speciality chemical maker Jayhawk
Speciality chemicals maker Anupam Rasayan India on Friday said it has completed the acquisition of US-based Jayhawk Fine Chemicals Corporation for around USD 150 million, as it looks to expand global footprint and move...
Bankruptcy Court approves Raigarh Champa rail infrastructure’s acquisition by JSW Energy
The bankruptcy court has recently approved Raigarh Champa Rail Infrastructure’s acquisition by JSW Energy Ltd through the insolvency resolution process. Sajjan Jindal-owned JSW Energy has proposed a Rs 700 crore revival...
IMFA completes ferro chrome plant acquisition from Tata Steel at Rs 707 crore transaction
Indian Metals & Ferro Alloys has completed the acquisition of a ferrochrome plant in Odisha from Tata Steel at a transaction cost of Rs 707.26 crore. Spread across 115 acres in Kalinganagar, the newly-acquired...
NARCL may bid ₹900 cr for Videocon Oil’s over ₹30,000 cr debt
NARCL plans to submit a bid of around ₹900 crore to acquire the stressed debt of Videocon Oil Ventures (VOVL). The total admitted claims amount to ₹30,640 crore, including accumulated interest. VOVL, the oil and gas...
