Bengaluru-based electric two-wheeler manufacturer Ather Energy has raised ₹400.6 (around $ 50 million) in a fresh funding round led by existing investor Caladium Investment and participation from Herald Square Ventures...
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GAIL wins bid for debt-laden JBF Petrochemicals
Government-backed GAIL (India) emerged as the successful bidder for debt-laden JBF Petrochemicals. GAIL’s resolution plan received a 100% vote of the committee of creditors of JBF and thereby the approval has been...
Reliance Capital resolution plan: NCLT extends deadline for the third time
The deadline for submission of resolution plan for debt-ridden Reliance Capital has been extended for the third time by the National Company Law Tribunal (NCLT). The new deadline is 31 January. The earlier deadline was...
Parle in talks to buy Polish biscuit maker Dr Gerard: Report
Indian biscuit maker Parle Products is in discussions to consider buying Poland-based peer Dr Gerard from private equity firm Bridgepoint, newspaper Economic Times reported, citing people aware of the matter. Dr Gerard...
KKR in talks to invest in fintech firm Razorpay
Private equity firm KKR is in talks to invest in fintech startup Razorpay and will likely buy out some of its existing early-stage investors in a secondary transaction. The buyout fund is also likely to invest in the...
No suitors: Centre unlikely to pursue CEL disinvestment
The government is unlikely to resume the disinvestment process for Central Electronics Ltd (CEL) any time soon as it feels that the public sector enterprise may not find suitors. A top government official said that a...
PFC to take RattanIndia plant to bankruptcy court this year
State-run Power Finance Corp. plans to file an insolvency plea against RattanIndia Power’s 1350MW Nashik power plant within this year, said two people aware of the development. The plant has a ₹8,000 crore debt, while...
Reliance said to be sole bidder For Metro’s India business
Reliance Industries Ltd. is in advanced discussions to acquire German firm Metro AG’s wholesale operations in India, according to people familiar with the matter, as the conglomerate led by billionaire Mukesh Ambani...
Vedantu to take majority stake in Deeksha for $40 million
The online learning platform Vedantu bought a majority stake in Ace Creative Learning Pvt. Ltd, commonly known as Deeksha in a deal that closed at $40 million. Deeksha, which is Karnataka’s leading test...
Veranda Learning arm to acquire JK Shah Classes for ₹337.82 crore
Veranda Learning Solutions Limited has announced that it has signed a definitive agreement for the acquisition of equity shares of J. K. Shah Education Pvt Ltd through its wholly-owned subsidiary, Veranda XL Learning...
Moglix acquires ADI’s Indian distribution unit for industrial goods
Tiger Global-backed industrial goods marketplace Moglix has acquired ADI Global Distribution’s India distribution business to strengthen its product portfolio across video surveillance, access control and fire control...
Power Grid acquires ETL under TBCB route
Power Grid Corporation of India emerged as the successful bidder under tariff-based competitive bidding (TBCB) to acquire ER NER Transmission (ETL). The company acquired ETL, the project special purpose vehicle (SPV)...
