Singapore’s Temasek Holdings is close to buying 20-25% stake in Rebel Foods for $180-200 million, three people aware of the development said, making it the biggest shareholder of the homegrown cloud kitchen chain...
Go First resolution professional can’t become its liquidator, says NCLT
The National Company Law Tribunal (NCLT) on Tuesday said bankrupt Go First’s current resolution professional Shailendra Ajmera cannot be appointed as its liquidator. The NCLT bench, consisting of judicial member...
Labour Scraps UK State Bank Merger in Green Investment Overhaul
The UK’s new Labour government has slashed the amount of taxpayer funds it plans to give its new National Wealth Fund by a fifth and scrapped a proposed merger between two state investment agencies as its ambitions...
Odyssey in Advanced Talks to Buy Honeywell’s Face Mask Unit
Odyssey Investment Partners is in advanced talks to acquire Honeywell International Inc.’s personal protective equipment unit, people familiar with the matter said. The private equity firm is putting the finishing...
Senco Gold in advanced talks to buy online jeweller Melorra as it takes a shine to e-commerce
Kolkata-based jeweller Senco Gold Ltd, which listed on the public markets last year, has placed a bid to acquire omnichannel jewellery retailer Melorra as it seeks to expand its presence in the e-commerce space, four...
Agritech startup DeHaat in talks to raise $100 million for acquisition, expansion. Valuation likely to remain unchanged
Agritech startup DeHaat has begun preliminary talks to raise $100 million through debt and equity for an acquisition and other business expansion plans, two people with knowledge of the development said. The funds will...
HDFC Bank approves 100% stake sale of subsidiary HDFC Education to Vama Sundari Investments for ₹192 crore
HDFC Bank has approved the complete 100 per cent stake sale of its subsidiary firm HDFC Education and Development Services to a private company for a total of ₹192 crore. The board of India’s top private lender on...
Chevron to sell assets for $6.5 bln to Canadian Natural Resources
Chevron is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources for $6.5 billion, the oil giant said on Monday as it puts in motion its divestiture plan. The all-cash deal, which is...
Tribunal orders lenders of insolvent Siti Networks to return ₹148 crore to company
An insolvency tribunal has directed Axis Bank and other financial creditors of bankrupt Siti Networks to repay the company ₹143 crore. Siti Network, part of the Essel Group, is undergoing insolvency proceedings. The...
Adani Enterprises merges two subsidiaries with Adani New Industries Limited
Adani Group’s flagship company, Adani Enterprises, announced in its BSE listing on Wednesday, October 2, that the conglomerate has merged two subsidiaries with Adani New Industries Limited. Adani Infrastructure...
Adani Enterprises’ $1.3 billion stake sale expected to start early next week: Report
Billionaire Gautam Adani’s flagship firm plans to roll out its share sale as early as next week, according to people familiar, marking its return to public equity markets after a scathing short-seller report in 2023...
NCLAT upholds NCLT order approving Sarda Energy’s bid for SKS Power
The Delhi bench of the National Company Law Appellate Tribunal on Tuesday upheld the National Company Law Tribunal’s 13 August order approving Sarda Energy and Mining Ltd’s resolution plan for bankrupt SKS Power...
