Watch and jewellery retailer Titan Company Ltd. has increased its shareholding in CaratLane Trading Private Ltd. to 98.28% from 71.09%, paying ₹4,621 crore for the additional stake buy, the company said in a filing to...
TAQA considers $2.5 billion investment in Gautam Adani’s power business: Report
Abu Dhabi National Energy Company PJSC (TAQA) is evaluating an investment of up to $2.5 billion in Indian billionaire Gautam Adani’s power business, according to a report published by Economic Times. TAQA is the...
China’s real estate giant Evergrande files for bankruptcy protection in US, seeks restructuring deal
China’s real estate giant Evergrande Group has filed for bankruptcy protection in the United States on Thursday. The company has sought protection under Chapter 15 of the US bankruptcy code, a measure that protects non...
RBI rejects Cred bid to boost stake in Newtap Fin
Cred’s attempt to increase its stake in a non-banking finance company founded by Kunal Shah has run into hurdles, with the Reserve Bank of India rejecting the Bengaluru-based fintech’s application, two people familiar...
US Steel proposes new offer to ArcelorMittal, may reverse retreat from US: Report
Indian steel magnate Lakshmi Mittal’s company ArcelorMittal SA may not have to retreat from the US as US Steel Corp has reportedly proposed a new offer to the company. According to a report by Reuters...
Adani family sells $1.1 bn power arm stake to GQG
The promoters of Adani Group on Wednesday raised around ₹9,000 crore by selling 8.1% of their holding in the energy-generation arm Adani Power Ltd, marking billionaire Gautam Adani’s largest equity capital-raising...
Fairfax offloads 5.9% stake in IIFL Securities for ₹118 crore
Fairfax Group sold its 5.9% stake in brokerage firm IIFL Securities for ₹118 crore through open market transactions. The stake was sold by Hamblin Watsa Investment Counsel Ltd (HWIC) Asia Fund, an affiliate of Fairfax...
Today, NCLT will hear ICICI Bank’s insolvency petition against Supertech Township Project
The National Company Law Tribunal (NCLT) is scheduled to address ICICI Bank’s insolvency petition against Supertech Township Project Limited on August 16. This decision follows the deferral of the hearing that had...
ITC board approves acquiring 25% stake of Maharaja Heritage from Russel Credit
The board of the ITC has approved acquiring a 25% stake in Maharaja Heritage from Russel Credit. The shareholders will get one hotel company share for 10 held in the company. The indicative timeline for listing ITC...
Biocon to close Viatris merger by FY24 end
Biocon Biologics Ltd expects to conclude the merger with Viatris’ biosimilars portfolio in FY24, chief executive Shreehas Tambe said on Friday. “We are looking to complete the transition ahead of time. We planned a two...
Investment Bank Lincoln International acquires local valuations firm
Lincoln International, a global investment banking advisory firm, has acquired EthiQuant Analytics, a valuations services provider, enhancing the firm’s ability to offer a well-rounded financial solution to its clients...
Cafe Coffee Day insolvency: NCLAT Chennai stays the case, hearing scheduled for September
The Chennai Bench of National Company Law Appellate Tribunal (NCLAT) has stayed the admission of corporate insolvency case brought by National Company Law Tribunal (NCLT) Bengaluru against the coffee chain firm, Cafe...
