Vedanta Ltd. creditors will gather next month to give their final verdict on a plan to split the sprawling Indian mining conglomerate into at least five different businesses, a key step in a months-long effort to...
JSW Energy gets letter of intent to acquire 3.6 GW KSK Mahanadi thermal plant
JSW Energy on Monday announced it has emerged as a successful applicant to acquire KSK Mahanadi Power Company, which owns 3,600 MW thermal power plants, under insolvency proceedings. This follows the approval by the...
PAG acquires majority stake in packaging co Pravesha
PAG, a leading Asia Pacific-focused private equity investment firm, has acquired a majority stake in Pravesha Industries, one of the leading packaging companies focused on the pharmaceutical industry, the company said...
Quadria Capital buys 15% stake in Pharma company for $100 mn
Aragen Life Sciences, a leading Contract Research, Development and Manufacturing Organization (CRDMO), has raised a $100 million investment from Quadria Capital, an Asia healthcare-focused Private Equity fund, said the...
J&J to acquire psychiatric drugs maker Intra-Cellular for $14.6 billion
Johnson & Johnson agreed to acquire Intra-Cellular Therapies Inc, a company focused on treatments for central nervous system disorders, for about $14.6 billion. J&J will pay $132 a share, the company said in a...
NCLAT dismisses appeal to stay insolvency proceedings against Indrajit Power
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea to stay the insolvency proceedings against debt-ridden thermal power producer Indrajit Power. The appellate tribunal said “no error has been...
NCLT nod for Zepto parent’s merger with Singapore unit
The National Company Law Tribunal (NCLT) has approved the merger of Kiranakart Technologies, which operates quick commerce platform Zepto, with its Singaporean affiliate entity Kiranakart Pte Ltd—a move that will help...
IBBI mandates eBKray auction platform to sell assets under liquidation
The Insolvency and Bankruptcy Board of India (IBBI) has mandated the exclusive use of the eBKray auction platform to sell assets under the liquidation process from April 1. The eBKray (now known as Bank Asset Auction...
Waaree Energies acquires EGP India for Rs 792 crore
Waaree Energies Limited, India’s largest manufacturer of solar PV modules with an installed capacity of 13.3 GW, has signed a definitive agreement to acquire 100% of Enel Green Power (EGP) India from Enel Green Power...
Bankruptcy Court admits Oban Fashions under insolvency resolution
The bankruptcy court in Mumbai has admitted Oban Fashions Pvt Ltd, a wholly-owned subsidiary of listed Knitwear brands Rupa & Co Ltd under the Corporate Insolvency Resolution Process (CIRP) in an application filed...
Kotak Strategic Situations Fund buys into Neuberg Diagnostics
Kotak Strategic Situations India Fund II, managed by Kotak Alternate Asset Managers Limited, has made an investment of Rs 940 Crore in Neuberg Diagnostics Private Limited to support Neuberg’s inorganic expansion...
Fusion CX acquires S4 Communications to expand BPO services
Fusion CX, a global customer experience (CX) business process outsourcing (BPO) provider, has acquired S4 Communications, a company specialising in call center outsourcing and BPO services. S4 Communications reported a...
