Pet care startup Supertails is in talks to acquire Blue 7 Vets, a multispecialty veterinary clinic, as part of its strategy to expand its offline presence, two people familiar with the matter told Mint. “Supertails is...
Couche-Tard Rules Out Hostile Takeover on Japan’s Seven & i
Canadian convenience store and gas station operator Alimentation Couche-Tard Inc. said it won’t go hostile in its attempt to acquire long-time rival Seven & i Holdings Co. Couche-Tard’s top executives are in Tokyo...
Warburg Pincus, KKR Consortium in Talks to Buy Gerresheimer
A consortium consisting of Warburg Pincus and KKR & Co. are in talks to acquire Gerresheimer AG, the German maker of packaging for drugs and cosmetics, according to people familiar with the matter. The private...
Uber Terminates Deal to Buy Delivery Hero’s Taiwan Business
Uber Technologies Inc. has terminated its deal to acquire Delivery Hero SE’s Foodpanda business in Taiwan, after the island’s antitrust regulator rejected it in December. Uber is required to pay a termination fee that...
SRF acquires Kanpur Plastipack’s CPP business to bolster offerings
SRF Ltd will enter into the cast polypropylene (CPP) film business by acquiring the entire plant and machinery from Kanpur Plastipack Ltd (KPL) for ₹49.25 crore, the company said in a stock exchange filing on Tuesday...
NCLAT upholds ICICI Securities delisting, dismisses shareholders challenge
The companies appeal court on Monday upheld the delisting of ICICI Securities Ltd from the stock exchanges, rejecting challenges by shareholders Quantum Mutual Fund and an individual investor. “All appeals dismissed,”...
Competition Commission clears acquisitions by JSW Energy, Shell, Adani Infra
The Competition Commission of India (CCI) has approved seven acquisitions, including those by JSW Energy Ltd, Shell Plc and Adani Infra (India) Ltd. The competition watchdog approved all transactions without...
Disinvestment: The government must take a clear stance on PSE stake sales
In recent years, the government’s policy on disinvestment has been cloudy. While it has in the past endorsed the mantra that ‘the government has no business being in business,’ its actions would suggest otherwise. Its...
NCLT rejects Talwandi Sabo power unit’s scheme in Vedanta demerger
The National Company Law Tribunal dismissed the demerger scheme filed by Talwandi Sabo Power Ltd (TSPL) at an initial state in a setback for the five-way spinoff of its parent Vedanta Ltd. The tribunal’s Mumbai bench...
NCLAT condones delay in plea to initiate insolvency against PepsiCo, to list for hearing
The National Company Law Appellate Tribunal (NCLAT) on Monday condoned the delay over a plea to initiate an insolvency petition filed against food & beverage major PepsiCo India Holdings by one of its operational...
Law changes on cards for quick CCI nod for distressed asset sales after SC order
The government is exploring urgent legislative changes to ensure swift approvals from the Competition Commission of India (CCI) for the sale of distressed assets after a Supreme Court (SC) order cast a cloud over...
Why Piramal wants to exit its decade-plus insurance ventures with Shriram
Piramal Enterprises Ltd is planning to sell its holdings in Shriram Group’s insurance ventures for ₹4,000-5,000 crore, two people aware of the matter said, as it looks to sharpen focus on its core lending business...
