BlackRock, Inc. has made a big bet on the Adani Group, snapping up nearly a third of about $1 billion bonds sold by a group promoter entity, marking the first investment in any Adani entity by the world’s largest...
NCLAT dismisses IDBI Bank’s insolvency plea against Zee
In a relief for Zee Entertainment Enterprises Ltd, the National Company Law Appellate Tribunal (NCLAT) has dismissed the insolvency plea filed by IDBI Bank against the media company over unpaid dues of around ₹150 crore...
NCLT dismisses insolvency plea against Zomato over alleged payment default
The National Company Law Tribunal (NCLT) Delhi on Thursday dismissed an insolvency plea filed against food delivery giant Zomato by uniform supplier Nona Lifestyle over an alleged payment default of ₹1.64 crore. The...
Ambuja Cements gets Delhi HC notice on stamp duty row in Holcim merger
The Delhi high court has issued a notice to Adani Group’s Ambuja Cements on a plea by the Delhi stamp duty department, which seeks to recover ₹218.87 crore in stamp duty and ₹69 crore in penalties for its merger with...
Amazon submits last-minute bid to purchase TikTok ahead of US ban deadline
Amazon has bid to purchase TikTok in an eleventh-hour pitch as a US ban on the platform is set to go into effect Saturday. The Amazon offer was made in a letter to Vice President JD Vance and Commerce Secretary Howard...
Clearlake Gambles on Risky Debt in Rush to Buy Dun & Bradstreet
Clearlake Capital Group was in a tight spot. It needed to move fast as it closed in on a deal to buy Dun & Bradstreet Holdings Inc., one of Wall Street’s oldest providers of data and analytics, but lining up a...
Inframarket’s venture debt backers explore $30 mn secondary stake sale ahead of IPO
Infra.Market’s venture debt backers are exploring a $30 million secondary transaction in an extended pre-IPO round as they look to encash their stake before the company files its draft papers later this quarter, three...
Hooters Files for Bankruptcy as Brand Eyes Turnaround Plan
Hooters of America has filed for bankruptcy as the casual-dining brand known for its chicken wings and skimpy server uniforms struggles to lure customers. The Atlanta-based company filed for Chapter 11 bankruptcy in the...
J&J Plan for Bankruptcy to End Talc Cancer Claims Rejected
A federal judge rejected Johnson & Johnson’s third attempt to use bankruptcy to set up a multibillion-dollar trust fund to pay women who claim they got cancer using baby powder and other products allegedly tainted...
M&A deals likely to surge in 2025-26 amid market volatility: experts
Mergers and acquisitions in India will likely see a surge in volumes in 2025-26 both because of a volatile equity market and strong corporate balance sheets, said investment bankers and dealmakers at the Mint India...
ChrysCapital about to take a big bite of Theobroma
Homegrown private equity firm ChrysCapital is poised to acquire a controlling stake in bakery chain Theobroma Foods for ₹2,200-2,300 crore, two people aware of the development said. The deal will see the complete exit...
Authum Investment receives RBI nod to acquire SIDBI’s ARC biz
Authum Investment and Infrastructure Ltd has secured the approval of the Reserve Bank of India (RBI) to acquire a 79.28% stake in India SME Asset Reconstruction Co. Ltd (ISARC), a SIDBI-sponsored asset reconstruction...
