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...
Ascend Telecom, GIP EM Ascend 2 get CCI nod to acquire Tower Vision India
The Competition Commission of India (CCI) has given the green light to the proposed acquisition of Tower Vision India Private Limited by Ascend Telecom Infrastructure Private Limited and GIP EM Ascend 2 Pte. Ltd. The...
Pluckk acquires Indian food-tech startup KOOK to enter DIY meal Kit market
Pluckk, a digital fresh food brand in the Fruits and Vegetables (F&V) space, has acquired the entire stake in KOOK for $1.3 million to be paid in cash and equity. Kook is an Indian food-tech startup that specializes...
Minda seeks CCI nod to buy 24.5% in Pricol
Auto parts maker Minda Corporation on Tuesday sought the Competition Commission of India’s (CCI) approval to buy 24.5% stake in rival Pricol Ltd, according to a regulatory filing. Minda had in February bought a 15.7%...
Hindustan Zinc’s all-cash bid for Vedanta’s assets lapses: Report
Hindustan Zinc Ltd’s proposal to buy certain zinc assets from Vedanta Group for $2.98 billion in cash has lapsed as the Indian miner did not get shareholders’ approval within the stipulated time limit, said...
Go First makes exit, blames Pratt & Whitney for insolvency
The “ever-increasing” number of failing engines supplied by Pratt & Whitney has forced Go First to file for an insolvency resolution process before the Delhi bench of the National Company Law Tribunal...
