Capital market regulator Sebi is planning to come out with framework on special purpose acquisition companies (SPACs), which will enable listing of startups on domestic stock exchanges, sources said on Thursday. The...
Former Myntra CEO Ananth Narayanan’s Mensa Brands raises $50 mn in funding
Mensa Brands, a startup founded by former Myntra CEO Ananth Narayanan has raised close to $50 million in series A funding from Accel Partners, Falcon Edge Capital and Norwest Venture Partners. Angel investors Kunal...
A world-class merger control regime
June 1, 2011, was a red-letter day for India—merger control under the country’s Competition Act went live, giving the CCI power to review an M&A transaction’s competitive effects, where parties, whether in India or...
SPACs: Bidding goodbye to traditional Initial Public Offers, but will it work for Indian firms?
It’s raining SPACs (special purpose acquisition company)! Capital raising exercises through the SPAC route has witnessed an unprecedented surge with a record-breaking fundraise by 298 SPACs of nearly US$ 88 billion in...
Companies in liquidation: How resolution plan in CIRP differs from scheme of compromise under Companies Act
The Insolvency and Bankruptcy Code, 2016 (IBC Code) enacted on May 28, 2016, provides for invitation of resolution plans from Prospective Resolution Applicants (PRAs) for revival of the corporate debtor (CD). However...
Minda Industries board approves acquisition of 27.55% stake in CSE Dakshina
Minda Industries on Saturday said its board has approved acquisition of 27.55 per cent stake in CSE Dakshina Solar Pvt Ltd for Rs 27 lakh. “The board approved the acquisition of 33,750 equity shares of CSE Dakshina...
Piramal receives nod from CCI for DHFL acquisition
Piramal Enterprises (PEL) on Thursday said its subsidiary Piramal Capital and Housing Finance (PCHFL) has received approval from the Competition Commission of India (CCI) to take over Dewan Housing Finance...
Asirvad Microfinance plans to rope in partner; may go public in due course
Asirvad Microfinance is considering options of bringing in a financial partner and going public in due course, a top official of the company said. However, it is not in a hurry given the current environment and is...
Bharat Forge acquires Nouveau Power as SPV for Sanghvi Forgings acquisition
Forging company Bharat Forge (BFL) on Thursday announced the acquisition of 100% stake in Nouveau Power & Infrastructure, a group company 100% owned by promoters of BFL. This is part of the resolution plan approved...
Disinvestment: PSEs’ sale important for NIP agenda
Budget 2021-22 has been lauded by many as a step in the right direction. It lays a strong emphasis on infrastructure development – economic and social. Realising this infrastructure plan would require significant spend...
Oil min tells ONGC to sell oilfields; hive off drilling, other services
The petroleum ministry has told India’s largest oil and gas producer ONGC to sell stake in producing oil fields such as to Ratna R-Series to private firms, get foreign partners in KG basin gas fields, monetise existing...
Nashik-based York Winery to merge with Sula Vineyards
York Winery, a family-owned Nashik-based business, will soon merge with Sula Vineyards and become a wholly-owned subsidiary of Sula. Rajeev Samant, the founder CEO of Sula Vineyards, said the merger is a triple win —...
