Jaipur Rugs, a handmade carpets manufacturer and a global luxury brand, has acquired luxury rug and textile brand Shyam Ahuja. The company announced the acquisition on Friday but did not disclose the transaction amount...
JK Cement enters joint venture with Kashmir’s Saifco Cement
JK Cement has entered a joint venture with J&K’s Saifco Cement through which it will expand its offerings in the region where infrastructure development is a priority, as per a press release from the company. JK...
NCLAT set aside penalty on lenders for delay in Mudra Denim insolvency process
The National Company Law Appellate Tribunal (NCLAT) has set aside the penalty imposed against lenders of debt-ridden Mudra Denim, saying there was no laxity on their part for delay in insolvency process. The Mumbai...
China’s Sany Heavy is considering stake sale in India business
Chinese construction-machinery maker Sany Heavy Industry Co. is considering selling a stake in its India business, according to people familiar with the matter. The company has held talks with prospective financial...
Equinox India Developments completes merger of NAM Estates, creates one of the largest listed realty firm
Equinox India Developments Limited has successfully merged NAM Estates, an entity of the Embassy Group, with itself, creating one of the largest publicly listed real estate companies in the market. The Boards of both...
Tata Sons seeks CCI clearance to acquire additional 10 pc stake in Tata Play
Tata Sons, promoter of Tata Group, has sought approval from fair trade regulator CCI for acquiring an additional 10 per cent stake in DTH operator Tata Play from Singapore’s sovereign wealth fund Temasek Holdings...
Tata Electronics acquires 60 pc stake in Pegatron Technology India
Tata Electronics Pvt Ltd (TEPL) on Friday announced the acquisition of a controlling 60 per cent stake in Pegatron Technology India. The company, in a release, said that the acquisition cements TEPL’s position as...
Adani Infra seeks CCI nod to buy stake in PSP projects
Adani Infra has sought the Competition Commission of India’s (CCI) clearance to pick up a stake in PSP Projects, further bolstering its construction capabilities, showed the company’s filing with the...
Vizag Steel Plant will not be merged with SAIL: Union Minister Srinivasa Varma
Union Minister of State for Steel B Srinivasa Varma on Thursday said that the prospect of merging Visakhapatnam Steel Plant (VSP) with the Steel Authority of India (SAIL) will not arise. The SAIL had rejected the idea...
Bankruptcy Court approves listed-firm parental drugs India’s acquisition by IHL Lifescience
The bankruptcy court in Mumbai approves IHL Lifesciences Pvt Ltd’s acquisition of the listed firm Parental Drugs India Ltd. Before the tribunal’s approval, the Company’s Committee of Creditors (CoC) had...
With $300m SaaS co buyout, Everstone Capital spreads wings
Everstone Capital has acquired a controlling stake in software as a service (SaaS) provider Wingify from the founders for about $300 million as it steps up deal making in the technology sector, said people with...
Kotak Mahindra Bank acquires StanChart’s Rs 3,330-cr personal loan portfoilio
Kotak Mahindra Bank on Thursday said it has completed the acquisition of Rs 3,300 crore personal loan book of Standard Chartered Bank India following regulatory approvals. After having received the necessary regulatory...
