In some relief for SpiceJet, the National Company Law Tribunal on Monday dismissed a plea by aircraft lessor Willis Lease Finance Corp. to initiate insolvency proceedings against the cash-strapped airline. But apart...
Ajay Piramal may look to buy a state-run bank
The Piramal Group, which owns a non-bank financier, is weighing acquisitions to enter the banking space and may look at public sector banks (PSBs) that the government puts on the block, group chairman Ajay Piramal said...
StrideOne acquires ‘strategic’ stake in MoEVing, enters EV financing
StrideOne Capital Pvt. Ltd on Friday said it has acquired a strategic stake in MoEVing Urban Technologies Ltd, the operator of electric vehicle tech startup MoEVing. The deal will help StrideOne, the non-banking...
Thomas Cook promoter Fairbridge Capital to sell 8.5% stake in the company via offer for sale
Thomas Cook Ltd, Mumbai-based travel agency, on Wednesday, said that its promoter Fairbridge Capital (Mauritius) is looking to sell up to 8.5% stake in the company through an offer for sale. According to the exchange...
Aster divests Gulf business for $1 bn
Leading hospital chain Aster DM Healthcare Ltd said it will separate its mainstay Gulf business and sell it to its Indian promoters (Moopen family) and a Dubai consortium for $1.001 billion, in a move it said will...
NCLAT to hear pleas challenging Birla Tyres’ resolution plan in Dec-Jan
The National Company Law Appellate Tribunal (NCLAT) on Friday adjourned hearing in a bunch of pleas challenging the approved resolution plan of Birla Tyres. The NCLAT said the pleas will be heard separately during the...
LIC trims stake in Engineers India by 2%, now holds 3%
The insurance behemoth disclosed in a regulatory filing on November 23 that it sold 1.14 crore shares of Engineers India during the period from February 02, 2021, to November 22, 2023, at an average price of ₹118.08...
Wilmar, GQG, Qatar fund vie for Adani Wilmar stake
The Adani group is in separate talks with Wilmar International Ltd, GQG Partners Llc and the Qatar Investment Authority (QIA) to sell its entire stake in Adani Wilmar Ltd for $2-2.2 billion, two people aware of the...
Bizongo acquires Titan Capital-backed FactoryPlus
Tiger Global-backed vendor digitisation platform Bizongo on Tuesday said it has acquired Titan Capital-backed FactoryPlus, a factory digitisation app for micro, small and medium enterprises (MSMEs). The acquisition will...
Sebi moves SC over SAT order in Diageo’s United Spirits buy
The Securities and Exchange Board of India (Sebi) has moved the Supreme Court (SC) challenging an appeals court verdict in British alcoholic beverage maker Diageo Plc’s 2012 acquisition of United Spirits Ltd (USL), a...
Radiance mandates Rothschild to sell platform
Eversource Capital-backed Radiance Renewables Pvt. Ltd has mandated Rothschild & Co. for the sale of the platform that serves commercial and industrial (C&I) customers in a deal having a potential equity value...
SoftBank likely to sell stake worth $150 million in Delhivery: Report
Multinational investment holding firm, SoftBank, is likely to sell a stake worth $150 million in logistics firm Delhivery via a fresh block deal, Moneycontrol reported on Thursday citing sources. The Japanese...
