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...
Apax Funds to acquire stake worth $450 mn in travel tech company IBS Software
Apax Funds has signed a definitive agreement to acquire Blackstone’s significant minority stake in travel and logistics SaaS business IBS Software for approximately $450 million, said Apax Partners LLP. The transaction...
Microsoft gets EU approval for Activision acquisition
The European Union on Monday approved Microsoft’s $69 billion purchase of video game maker Activision Blizzard, deciding the deal won’t stifle competition for popular console titles like Call of Duty and accepting the...
Axis Trustee approaches NCLT to add more Future Retail claims
Axis Trustee Services Ltd, one of the financial creditors to Future Retail Ltd, has approached the National Company Law Tribunal (NCLT) after the resolution professional rejected its claims worth ₹470 crore out of total...
Macquarie takes control of CloudExtel
Macquarie Capital has bought a controlling more than 51% stake in Mumbai-based network-as-a-service provider CloudExtel for about $100 million (about ₹821 crore), making it the first such deal in the active telecom...
Zee-Sony merger to face fresh roadblock
The proposed merger of Zee Entertainment Enterprises Ltd with Sony Pictures Networks India (SPN) is likely to face a fresh setback after the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Thursday...
METRO completes ₹2,850 cr deal with Reliance Retail to sell its India Cash & Carry business
German retailer METRO AG announced the completion of the sale of its Indian cash & Carry business to Reliance Retail Ventures Ltd (RRVL), which holds the retail empire of Reliance Industries Ltd. The deal includes...
NCLT admits Go First bankruptcy petition
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...
