A Delhi bankruptcy court admitted Go First’s request for insolvency, marking the beginning of a search for a buyer for the budget airline. The National Company Law Tribunal’s (NCLT’s) acceptance of Go First’s insolvency...
HK’s Gaw Capital in advanced talks to buy Atria stake
Hong Kong’s Gaw Capital Partners is in talks with Atria Power Corp. Pvt. Ltd to acquire a majority stake in the Bengaluru-based firm for an estimated equity value of $250 million, two people familiar with the...
BetterPlace acquires fintech lending startup Bueno Finance
Fintech startup Bueno Finance has merged with BetterPlace amid a funding winter, according to a person familiar with the matter. Founded by Saurav Gandhi and Sandeep Arora in 2019, Bueno provides loans to blue-collar...
Blackstone, ADIA are likely bidders for HDFC’s Credila
Sovereign wealth funds, private equity firms, and strategic investors are among 12-14 entities competing for a stake in Housing Development Finance Corp.’s Credila education loan unit, according to two people aware of...
NCLT to hear BoB plea in Rel Home case
Reliance Home Finance Ltd’s lenders, led by Bank of Baroda, got a relief with the National Company Law Appellate Tribunal (NCLAT) overturning a May 2021 order of the National Company Law Tribunal (NCLT) on the defaults...
Mitsui, Osaka Gas bid for ReNew C&I
Japan’s Mitsui & Co. and Osaka Gas have placed non-binding bids to buy a 30% stake in ReNew Energy Global Plc’s 2.3 gigawatts (GW) commercial and industrial project portfolio, two people aware of the development...
Reliance shareholders and creditors approve demerger of financial services arm
Billionaire Mukesh Ambani-led Reliance Industries Limited’s shareholders, with its secured and unsecured creditors, on May 4 permitted the demerger of the company’s financial services firm – Reliance Strategic...
Adani Ports completes Myanmar port sale for $30 million
Adani Ports and Special Economic Zone Ltd. (APSEZ), India’s largest integrated transport utility, on Thursday said it has finalized the sale of its Myanmar Port for $30 million, following a renegotiated share purchase...
HDFC receives multiple bids for Credila stake
Housing Development Finance Corp. (HDFC) has received several bids for a stake sale in education loan subsidiary HDFC Credila Financial Services, a senior executive said on Thursday. The mortgage lender needs to pare...
NCLT reserves order on Go Air
A National Company Law Tribunal principal bench has reserved its decision on a petition filed by Go First to initiate voluntary insolvency proceedings and an interim moratorium to prevent seizure of 26 aircraft with...
Tata Comm buys video co Switch for $59 mn
Telco player Tata Communications’ Dutch arm has acquired New York-based video production and distribution company The Switch Enterprises LLC for $58.8 million (around ₹486 crore) in an all-cash deal. In December last...
Zydus Group looks to sell clinical research business
Zydus Group is exploring the sale of its clinical research business, Cliantha Research Ltd, in a deal that could potentially fetch more than $200 million, three people familiar with the development said. The Zydus...
