Tata Group is in talks with promoters and shareholders of Fabindia for a potential stake acquisition or outright purchase of the ethnic apparel business, the Hindu BusinessLine reported citing sources. The ongoing talks...
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Zee board approves organization restructuring
Zee Entertainment Enterprises Ltd’s board of directors has endorsed a new organizational framework proposed by managing director and CEO Punit Goenka. Goenka, who will assume direct charge of the domestic...
NCLAT upholds NCLT order in Smaaash insolvency case
The National Company Law Appellate Tribunal (NCLAT) has upheld an order by the National Company Law Tribunal (NCLT) in November 2023 that set aside the ‘fraudulent’ transfer of the Smaaash brand by founder Shripal...
South Africa’s Sanlam hikes stake beyond 50% in Shriram’s insurance JVs
Betting on India’s insurance growth potential, South African financial services giant Sanlam, on Friday, once again raised its holding in two of its Indian insurance joint ventures (JVs) with South India-based Shriram...
General Atlantic buys majority stake in Ujala Cygnus
US-based private equity (PE) firm General Atlantic has acquired a majority stake in Ujala Cygnus, a hospital chain in northern India with a network of 21 hospitals across tier II and tier III cities. The financial...
ABFRL proposes demerger of Madura Fashion into separate listed entity
Aditya Birla Fashion and Retail Ltd (ABFRL) is evaluating a vertical demerger of the Madura Fashion & Lifestyle business from itself into a separate listed entity, the company said in an exchange filing on Monday...
Al Gore firm, CapitaLand eye Radiance acquisition
Former US vice-president Al Gore-headed Generation Investment Management’s Just Climate LLP, and Singapore’s CapitaLand Investment Ltd are among entities exploring an acquisition of Radiance Renewables Pvt. Ltd, two...
NCLT refuses to stay Byju’s EGM to increase its authorised share capital
The National Company Law Tribunal on Thursday refused to stay Byju’s extraordinary general meeting (EGM) that will be held today to augment the authorised share capital of the beleaguered edtech company, giving...
Apollo Pipes acquires majority stake in Kisan Mouldings for ₹118.40 crore
Apollo Pipes Ltd, part of the APL Apollo group, has acquired a 53.57% majority stake in Kisan Mouldings Ltd (KML) for ₹118.40 crore, aiming to bolster its position in the PVC pipes and fittings sector. In an exchange...
Standard Chartered set to exit CDSL with 7.18% stake sale
Standard Chartered Bank is set to exit its investment in Central Depository Services (India) Ltd (CDSL) by selling its entire stake through a block deal. The bank will offload 7.5 million shares, representing a 7.18%...
Ambit Finvest raises ₹415 crore as Daiwa acquires minority stake
Ambit Finvest, a non-banking financial company (NBFC) within the Ambit Group, has raised ₹415 crore from Japanese financial services firm Daiwa Securities Group Inc for a minority stake. This move aims to capitalize on...
Beige to offload 2.9% stake in Mankind Pharma through block deals
Beige Ltd., an affiliate of ChrysCapital, is looking to sell a portion of its stake in Mankind Pharma Ltd. through block deals. As per a term sheet reviewed by Mint, Beige Ltd. is offering to sell up to 11.63 million...
