For the Walt Disney Co., a 30% stake in Indian DTH (direct-to-home) player Tata Play, which it inherited as part of its global purchase of Rupert Murdoch’s 21st Century Fox assets, has become an albatross around its...
NCLAT upholds Adani Goodhomes’ resolution plan for Radius Estates
The National Company Law Appellate Tribunal (NCLAT) has upheld Adani Goodhomes’ resolution plan to take over the bankrupt real estate company Radius Estates, rejecting challenges from creditors and debenture...
Merger talks between NSE, BSE offshore arms at Gift City called off
Two international exchanges led by BSE Ltd and National Stock Exchange (NSE) Ltd in the Gift City in Gujarat have called off their much-anticipated merger, according to two persons aware of the development. This is a...
HPE’s Communications Technology Group to transition to HCLTech in $225 Million deal
IT giant HCLTech announced on May 23 that it plans to acquire certain assets of Hewlett Packard Enterprise’s (HPE) Communications Technology Group (CTG) for $225 million, approximately ₹1,874 crore, in an all-cash...
Competition Commission of India to soon bring new set of merger regulations
Competition Commission of India (CCI) will soon come out with a new set of merger regulations, giving effect to competition law amendments enacted last year, its chairperson Ravneet Kaur said on Monday. Kaur said CCI...
APRIL Group Acquires Controlling Stake in India’s Leading Consumer Tissue Products Company, Origami
APRIL Group, a leading global producer of fibre, pulp and paper, has acquired a controlling stake in Origami, India’s leading consumer tissue products company, marking its entrance into the fast-growing India tissue and...
No merger but PSB privatization still on cards
The Centre doesn’t have any plans to merge public sector banks (PSBs) in FY25, though it will not ditch plans to privatize PSBs during the fiscal, two people aware of the matter said. “There have been no...
ONGC enters the fray to acquire Ayana Renewable Power
Oil and Natural Gas Corporation has entered the fray to acquire a significant majority stake in Ayana Renewable Power Pvt. Ltd, as India’s largest crude and natural gas producer seeks to bulk up its clean energy...
Siemens to demerge and list its energy business
Siemens Ltd on Tuesday said it will demerge and list its energy business, on the lines of a global carve-out by its German parent three years ago. The new company will mirror the shareholding of Siemens Ltd, and...
ChrysCapital invests $100 million in eyecare chain Centre for Sight
Homegrown private equity firm ChrysCapital is set to invest up to $100 million in New Delhi-based Centre for Sight for a “significant” minority stake, in a deal that will value the eyecare chain at $350-400...
NCLT defers ICICI Securities delisting case to July
The National Company Law Tribunal (NCLT) has deferred the ICICI Securities case in which non-institutional minority shareholders challenged its delisting and merger with ICICI Bank. The NCLT is now expected to take the...
Vedanta acquires Japan’s AvanStrate, buys additional stake for $78 million
Billionaire Anil Agarwal-led Vedanta Ltd on Friday said it has acquired an additional 46.57% stake in Japanese display major AvanStrate Inc for $78.3 million through its wholly owned subsidiary, Cairn India Holdings Ltd...
