An insolvency tribunal has directed Axis Bank and other financial creditors of bankrupt Siti Networks to repay the company ₹143 crore. Siti Network, part of the Essel Group, is undergoing insolvency proceedings. The...
Adani Enterprises merges two subsidiaries with Adani New Industries Limited
Adani Group’s flagship company, Adani Enterprises, announced in its BSE listing on Wednesday, October 2, that the conglomerate has merged two subsidiaries with Adani New Industries Limited. Adani Infrastructure...
Adani Enterprises’ $1.3 billion stake sale expected to start early next week: Report
Billionaire Gautam Adani’s flagship firm plans to roll out its share sale as early as next week, according to people familiar, marking its return to public equity markets after a scathing short-seller report in 2023...
NCLAT upholds NCLT order approving Sarda Energy’s bid for SKS Power
The Delhi bench of the National Company Law Appellate Tribunal on Tuesday upheld the National Company Law Tribunal’s 13 August order approving Sarda Energy and Mining Ltd’s resolution plan for bankrupt SKS Power...
NCLAT issues notice to ICICI Securities in delisting case
The National Company Law Appellate Tribunal (NCLAT) on Tuesday issued a notice to ICICI Securities following an appeal by the minority shareholders against the tribunal’s order approving the financial broking...
Reliance Power to consider stake sale for fundraising, board meeting to be held on October 3
Reliance Power Ltd’s board of directors is to consider a stake sale to raise funds in the company’s upcoming board meeting on Thursday, October 3, according to the company’s BSE filing on Friday...
Motilal Oswal, promoters likely to pare stake in non-banking lender IKF Finance
Investors and promoters of IKF Finance are looking to sell a controlling stake in the Hyderabad-based non-bank lender in a deal that could value it at $200-250 million, said three people with knowledge of the...
NCLT lambasts Dunzo for failing to settle with creditors despite having ’enough time’
A dedicated bankruptcy tribunal on Friday pulled up Dunzo Digital Pvt Ltd, a quick commerce platform backed by Reliance Retail, for not reaching a settlement with its creditors despite being given “enough time” to...
HomeLane to acquire Design Café, raises ₹225 crore from Hero Enterprise, WestBridge and others
Interior décor solutions provider HomeLane is set to acquire its smaller rival Design Café in a share swap transaction for an undisclosed sum, while securing ₹225 crore in fresh funding from investors including Hero...
Whatfix secures funding from Warburg Pincus, SoftBank at $900 million valuation; eyes IPO in two years
Whatfix, a business-to-business digital adoption platform, is on track to achieve profitability within the next six months as it prepares for a possible public listing in two years, its co-founder and chief executive...
Thailand’s Banpu, Just Climate & CapitaLand shortlisted to buy Radiance Renewables in $325 million deal
Thai energy firm Banpu Public Co. Ltd has joined the fray to acquire Eversource Capital-backed Radiance Renewables Pvt. Ltd, two people aware of the development said, in a deal having an enterprise value of around $325...
Stonepeak fourth shortlisted bidder to buy O2 Power in $1 billion deal
New York-based alternative investment firm Stonepeak has emerged as the fourth shortlisted bidder to submit a binding offer to buy O2 Power, a renewable energy platform in India. The deal, which may rank among the...
