During the boom in blank-check companies, their creators couldn’t launch them fast enough. Now they are rushing to liquidate their creations before the end of the year, marking an ugly conclusion to the SPAC frenzy...
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Aditya Birla leads race to acquire TCNS stake
Aditya Birla Fashion and Retail Ltd (ABFRL) has emerged as the front runner to acquire a majority stake in TCNS Clothing Ltd, the owner of the popular women’s wear brands W and Aurelia, two people aware of the matter...
Srei promoter Co likely to move SC in insolvency case
Srei Infrastructure Finances promoter company, Adisri Commercial, may challenge the National Company Law Appellate Tribunal (NCLAT)’s 22 December order upholding an NCLT order of October 2021, to initiate insolvency...
Home First Finance raises ₹280 crore from IFC
HomeFirst has raised ₹280 crore from International Finance Corp. (IFC), a member of World Bank Grou,p through the issuance of rupee-denominated, senior secured, rated, unlisted, redeemable non-convertible debentures...
Merger approval process kicks off for Air India and Vistara
Air India and Vistara will need approvals from a number of countries in order to complete the merger conditions, according to people familiar with the matter. Legal teams from both airlines are currently assessing which...
Google seeks stay on CCI order in NCLAT
Google has moved the National Company Law Appellate Tribunal (NCLAT) seeking a stay on an order of the Competition Commission of India (CCI) that has imposed a penalty of ₹1,337.76 crore on the US tech giant for...
NCLAT upholds ₹751 cr CCI order against United Breweries
The appellate tribunal NCLAT on Friday upheld the regulator Competition Commission of India (CCI) order of penalty of ₹751.83 crore on Kingfisher beer manufacturer, United Breweries. The competition watchdog found...
Mapletree Investments Acquires KSH Infra’s logistics asset
Mapletree Investments has acquired the remaining assets of a logistics park owned by KSH Infra Industrial Park Pvt Ltd, a subsidiary of Pune-based KSH Infra Group, for around ₹320 crore (around $38.7 million)...
PhysicsWallah acquires iNeuron
Westbridge Capital-backed edtech unicorn PhysicsWallah Pvt. Ltd (PW), on Thursday, said that it has acquired iNeuron Intelligence Pvt. Ltd to expand its offerings in the upskilling category. The deal is valued at around...
Jashvik Cap to acquire 30% in Jabsons
Jashvik Capital, a growth private equity firm, is acquiring a significant minority stake in Jabsons Foods Pvt. Ltd, an ethnic savoury snacks firm based in Bharuch, Gujarat, a person in the know said. This is Jashvik...
Florintree Advisors buys stake in Cybrilla
Florintree Advisors, led by former Blackstone India head Mathew Cyriac, has invested about $2 million ($16.5 million) for a minority stake in Cybrilla Technologies Pvt. Ltd, which provides fintech infrastructure to...
NCLAT rejects Promoters plea challenging insolvency of Srei group cos
The National Company Law Appellate Tribunal (NCLT) on Wednesday rejected Srei Infrastructure Finances’ promoter Adisri Commercial’s plea challenging the Kolkata National Company Law Tribunal’s 8 October 2021 insolvency...
