Private equity firm Actis Llp and Brookfield Asset Management Inc., among others, are eyeing Mahindra Susten’s engineering, procurement and construction (EPC) business, besides its under-construction 600MW solar assets...
Govt puts IBC on hold till March
Fresh corporate bankruptcy filings for loans defaulted during the pandemic will remain suspended till the end of the financial year, with the government extending the ongoing freeze. The Insolvency and Bankruptcy Code...
L&T Finance Holdings dissolves Middle East subsidiary
L&T Finance Holdings on Monday said its subsidiary L&T Capital Markets (Middle East) Ltd or LTCM has been dissolved and ceased to exist. On July 17, LTFH had informed about voluntary winding-up of one of its...
Operational creditors at receiving end of IBC stall
The continued suspension of new insolvency proceedings has hit not just recovery for lenders, but also affected small businesses who typically form the bulk of suppliers to many corporates. Operational creditors are...
Piramal, Oaktree agree to sweeten DHFL bids
The race to acquire bankrupt Dewan Housing Finance Corp. Ltd (DHFL) has intensified with top bidders Oaktree Capital Management and Piramal Group offering to sweeten their bids as the sale process entered final...
Govt may invite EoIs for Shipping Corporation sale this week
The government is likely to invite bids for privatising Shipping Corporation of India this week and buyers will have time till mid-February to submit EoIs, an official said. The government is planning to sell its entire...
Bank of Baroda completes integration of erstwhile Dena, Vijaya banks with itself
State-run Bank of Baroda on Sunday said it has completed the integration of 3,898 branches of erstwhile Vijaya Bank and Dena Bank with itself. In a first three-way amalgamation, Vijaya Bank and Dena Bank were merged...
IndiGrid buys FRV’s solar projects for ₹660 cr in first renewable acquisition
IndiaGrid Trust has entered into an agreement to acquire 100% stakes in FRV Andhra Pradesh Solar Farm-I Pvt Ltd and FRV India Solar Park II – Pvt Ltd from FRV Solar Holdings XI B.V., it said on Friday. IndiGrid, an...
Vedanta founder readies $10 billion to acquire PSUs
Commodities tycoon Anil Agarwal is planning to invest $10 billion through a new partnership targeting government privatizations in India. The billionaire is teaming up with London-based Centricus Asset Management Ltd to...
Google wins EU approval for Fitbit bid amid tech crackdown
Google won European Union approval for its $2.1 billion takeover of health tracker Fitbit Inc., days after regulators proposed tougher rules to curb powerful technology firms’ push into new services. The European...
Zee Entertainment to transfer digital publishing business to Rapidcube
Zee Entertainment Board on Thursday approved the transfer of digital publishing business division of the company to Rapidcube Technologies Private Limited. “This is to inform you that the Board of Directors of the...
Zee Entertainment acquires film production, distribution biz from Zee Studios
Zee Entertainment Board on Thursday approved the acquisition of film production and distribution business from Zee Studios. Formerly known as Essel Vision Productions Limited, Zee Studios is a wholly-owned subsidiary of...
