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...
NCLAT to hear pleas challenging Birla Tyres resolution plan next week
The National Company Law Appellate Tribunal (NCLAT) will hear two separate pleas involving the resolution plan of Birla Tyres next week. One of the pleas, filed by HDFC Bank challenging the joint resolution plan of...
Enel picks HSBC to sell India green portfolio
Italy’s Enel Group is looking to sell its entire renewable energy business in India and has hired HSBC for the transaction, two people aware of the development said. The proposed deal may have an equity value of around...
Future Retail RP files for liquidation in NCLT
The resolution professional (RP) of Future Retail Ltd (FRL) filed for liquidation, marking an inglorious end for the company that once led India’s retail revolution. On 30 September, creditors had rejected a resolution...
NCLT orders refund of IT dues to Cox & Kings
The Mumbai bench of the National Company Law Tribunal (NCLT) has directed the income tax department to refund ₹11.89 crore to insolvent travel firm Cox & Kings. “We direct the income tax department to refund the...
Byju’s in talks to sell US unit to Joffre Capital for $400m: Report
Byju’s is reportedly in advanced talks to sell its kids’ digital reading platform for roughly $400 million to Joffre Capital Ltd, in an effort to relieve its financial strain, according to a report from...
