National Company Law Appellate Tribunal (NCLAT) on Friday decided to pitch for early revival of grounded airline Jet Airways. To facilitate the same, the appellate tribunal has decided to give more time to to the...
CCI approves investment by CPPIB, Multiples PE in Acko Technology
The Competition Commission of India (CCI) cleared the deal involving the acquisition of securities of Acko Technology & Services by a subsidiary of Canada Pension Plan Investment Board, and Multiples Private Equity...
‘Factually incorrect,’ Delhivery rejects media reports on acquisition talks with Gati
Calling the media reports, factually incorrect and baseless, Delhivery has rejected claims of its acquisition deal with logistics firm Gati. The company made it clear that there have been no discussions going on on the...
Warburg to acquire 66% stake in Watertec, may buy the rest later
Private equity firm Warburg Pincus is set to acquire a majority stake in Watertec (India) Pvt. Ltd, a bathroom accessories and fittings maker, two people aware of the development said. The company is jointly owned by...
Carlyle to buy over 20% in Quest Global
Private equity giant Carlyle Group is on the verge of acquiring a substantial stake, exceeding 20%, in the engineering services provider Quest Global Services Pte Ltd, according to two people with knowledge of the deal...
Hydropower mega-merger proposal likely next month
State-owned hydropower company NHPC Ltd is likely to submit a proposal next month to merge two other public sector hydro companies, THDC India Ltd and North Eastern Electric Power Corp. Ltd (Neepco) with itself, said...
Blackstone acquires International Gemological Institute for $535 million
Global private equity firm Blackstone has acquired 100% stake in International Gemological Institute (IGI) from China-based investment firm Fosun, and Roland Lorie, who belongs to the founding family, the firm said in a...
NCLT rejects plea against Zee
In a significant relief to broadcaster Zee Entertainment Enterprises, the Mumbai bench of the National Company Law Tribunal (NCLT) on Friday rejected an insolvency petition filed against it by IDBI Bank. On 15 December...
JioCinema, Voot merger in final stage as cos await IPL end
The merger between Viacom18 Media Pvt Ltd-owned video streaming app Voot and JioCinema is in the final stages, said three people in the know. The company is waiting for the Indian Premier League (IPL) season to...
Pricol files objection with CCI to resist Uno Minda’s takeover bid
Pricol, a Coimbatore-based driver information systems maker, has filed an objection with the competition regulator to block Minda Corp’s move to buy up to 24.5% in the company, Pricol told stock exchanges on Wednesday...
Lytus Technologies acquires majority stake in Sri Sai Cable and Broadband
Lytus Technologies Holdings PTV Ltd., a global technology-driven services company, has acquired Sri Sai Cable and Broadband Pvt Ltd., a regional multi-service operator (MSO) based in Telangana. The move signifies Lytus...
Centre fast tracks merger approvals for startups, small businesses
The Ministry of corporate affairs has amended the rules to make it easier for small companies and start-ups to secure approvals for mergers by way of deemed approvals. Small companies and start-ups seeking approvals for...
