The Insolvency and Bankruptcy Board of India (IBBI) has introduced significant changes to the corporate insolvency framework by notifying the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for...
Sterlite Power completes sale of transmission asset in Brazil
Sterlite Power announced that the sale process of Sterlite Novo Estado Energia S A (Novo Estado) to ENGIE Transmissão de Energia S A was concluded, with all precedent conditions met. In December 2019, ENGIE Brasil...
Cadila board okays transfer of animal healthcare business to subsidiary
Drug firm Cadila Healthcare on Wednesday said its board has approved the transfer of its animal healthcare business to its wholly-owned arm Zydus Animal Health and Investments Ltd (ZAHL) as part of its internal...
MCA panel’s scope on cross-border insolvency gets bigger
Committee to study Uncitral Model Law on ‘enterprise group insolvency’ The scope of work for the committee constituted to recommend rules and regulatory framework for the smooth implementation of cross-border insolvency...
Creditors of KSK Energy Ventures pass a resolution for its liquidation
The Committee of Creditors of independent power company KSK Energy Ventures Limited has recommended liquidation of the company after the failure to secure any resolution plan under the insolvency procedure. During a...
JSW Steel in quandary as Apex Court agrees to hear Bhushan Power promoter’s plea
Bankers agree to return JSW Steel money if it loses the case In a interesting twist, the Supreme Court had accepted the petition filed by Bhushan Power and Steel promoter Sanjay Singal against JSW Steel’s bid to take...
Currencycloud raises $80-million in Series E funding led by Visa, SAP venture
London-based start-up Currencycloud on Monday announced that it had raised over $80 million in Series E funding. The investment round was co-led by Visa and Sapphire, SAP’s venture capital arm, according to...
IndiGrid InvIT looking to buy four transmission assets for ₹7,000 crore
Assets will be located across West Bengal, Bihar, Assam, Haryana and Madhya Pradesh, says CEO Harsh Shah IndiGrid Infrastructure Investment Trust (InvIT) is looking to buy four transmission assets worth₹7,000 crore by...
Cigarette maker Godfrey Phillips up for sale
Documents seen by BusinessLine indicate that key promoter entities, led by KK Modi Family Trust, have reached out to global investment bankers, including Goldman Sachs, Morgan Stanley, JP Morgan and Credit Suisse, for...
Crysta raises ₹10-crore funding
Crysta has raised ₹10 crore in a Pre-Series A funding round led by the family office of Ruchirans and Anuraag Jaipuria. The investors also including Mumbai-based Green Shots Capital and Alfa Ventures, Delhi-based Real...
Mahindra Holidays keen to acquire stressed assets across country, including Kashmir
Mahindra Holidays is looking at acquiring stressed assets in the hospitality sector across different parts of the country, including Kashmir. Kavinder Singh, MD & CEO of Mahindra Holidays and Resorts India Ltd, told...
Bengaluru-based bike rental start-up Bounce raises over $100 million in funding
Bengaluru-based start-up Bounce, on Thursday, announced that it had raised an additional $105 million (₹746.33 crore) in its Series-D funding round. The funding was co-led by existing investors Eduardo Saverin from B...
