Dr Ranjan Pai-led Manipal Education and Medical Group India (MEMG India) has submitted a formal Expression of Interest (EOI) to participate in the Corporate Insolvency Resolution Process (CIRP) of troubled edtech...
Business Payments Firm Bill Holdings Is Exploring a Sale
Bill Holdings Inc., the business-payments firm under pressure from activist investor Starboard Value LP, is exploring options including a potential sale, people familiar with the matter said. The San Jose, California...
Debt-laden Kinara Capital looks to sell majority stake for survival
Crisis-hit non-bank financier Kinara Capital Pvt. Ltd is tapping strategic investors—fintechs and other non-banking financial companies (NBFCs)—to pump in funds in exchange for a majority stake in the company, said...
NCLT Mumbai reserves order on Vedanta’s demerger proposal; petroleum ministry cites concerns
The Mumbai bench of the National Company Law Tribunal reserved its order in the matter of the proposed Vedanta demerger, which India’s petroleum and natural gas ministry has opposed. “We heard both the parties. The...
Biscuit maker Anmol Industries puts fundraising back on the table, hires PwC
Kolkata-based Anmol Industries Ltd (AIL), which makes biscuits, cakes, cookies and rusks, has restarted discussions to sell a minority stake to raise $150-200 million, according to multiple people familiar with the...
UpGrad in talks to acquire Unacademy in $300–400 million deal: Report
Edtech major UpGrad is in talks to acquire Unacademy in a deal that could value the test-prep platform at $300–400 million ( ₹2,800–3,500 crore), Moneycontrol reported citing people familiar with the matter. “The two...
Mahindra and Mahindra sells entire stake in RBL Bank for ₹678 crore
Mahindra and Mahindra (M&M) has sold its entire stake in lender RBL Bank for ₹678 crore, the automaker said in an exchange filing on Thursday, November 6. The sale comes days after the lender announced Emirates...
A91 Partners acquires 25% stake in Spacewood Furnishers for ₹300 crore
A91 Partners has invested ₹300 crore for a 25% stake in Nagpur-based Spacewood Furnishers, a modular furniture manufacturer, marking the private equity firm’s latest bet in the consumer manufacturing segment. The deal...
Mega merger alert: Kimberley-Clark to acquire Kenvue for over $40 billion as Tylenol — What’s inside the deal?
Consumer goods and personal care giant Kimberley-Clark is buying Tylenol-maker Kenvue in a $40 billion deal involving stock and cash, in what can be called a mammoth merger of two consumer health goods companies. The...
NCLAT rejects Glas Trust’s plea opposing Aakash’s EGM
The National Company Law Appellate Tribunal (NCLAT) on Tuesday rejected a plea by US-based Glas Trust challenging Aakash Educational Services Ltd’s 29 October extraordinary general meeting (EGM) to approve a rights...
Govt consolidation blueprint—UBI-BoI merger to create mega bank; Punjab & Sind Bank, BoM privatization on radar
The government is drawing up a fresh blueprint to merge select public sector banks, said three people aware of the matter, as it aims to scale up such lenders and streamline overlapping operations under banking sector...
Why are India’s top conglomerates racing to take over bankrupt Jaiprakash Associates?
Last week the Competition Commission of India (CCI) approved mining major Vedanta’s ₹17,000-crore bid for Jaiprakash Associates Ltd (JAL), the bankrupt flagship entity of Noida’s Jaypee Group. In doing so, it set the...
