Gail India has filed an application before the National Company Law Tribunal, opposing a resolution plan that Reliance Industries has proposed in partnership with JM Financial Asset Reconstruction Company for Alok...
ZEE in talks with 3 firms to halve promoter holding
The promoters of Zee Entertainment Enterprises (ZEE) have zeroed in on three companies to sell half of their holding in the entity, according to three persons with direct knowledge of the development. The three...
Jaypee Infratech lenders extend deadline till February 15 for resolution plans
Financial creditors and home buyers of Jaypee Infratech have extended the deadline till February 15 for shortlisted bidders to submit proposals to revive the debt-ridden realty firm, according to a regulatory filing...
Reliance arm looks to raise ₹4,000 crore
Reliance Industrial Investments Holdings Ltd (RIIHL) is planning to raise ₹4,000 crore to meet the group’s funding and investment requirements, two people aware of the development said, requesting anonymity. “The funds...
Lingerie retailer Clovia parent raises funding in round led by AT Capital
Purple Panda Fashions Pvt. Ltd, which runs lingerie retailer Clovia, has raised $10 million in a fresh round of funding led by Singapore-based private equity firm AT Capital, a top Clovia official said. Existing...
Citykart Retail raises ₹100 crore from IDFC Alternatives, India SME Investments
Citykart Retail Pvt. Ltd , a value apparel retail chain, on Thursday said it has raised ₹100 crore in equity from IDFC Alternatives and India SME Investments for a significant minority stake. The Delhi-based company...
U.S.-Thai Billionaire Expands Hotel Empire to Tap Chinese Boom
Billionaire William Heinecke is on the lookout for further takeovers after more than tripling the number of hotels his Minor International Pcl controls through the acquisition of Spain’s NH Hotel Group. Heinecke, a U.S...
Bayer Weighs Selling Its Vet Unit in Post-Monsanto Revamp
Bayer AG is considering a sale of its animal-health business as it scrutinizes its portfolio in the aftermath of the $63 billion Monsanto Co. acquisition, people familiar with the company’s plans said. Bayer is...
Advent buys Kedaara stake in Manjushree Technopack
Homegrown private equity (PE) firm Kedaara Capital exited its investment in Manjushree Technopack, selling its entire 40% stake to Advent International, according to a joint statement by the firms on Thursday. As part...
GMR Infra arm signs pact with APGDC for piped natural gas supply
GMR InfrastructureNSE 5.05 % Thursday said its arm Kakinada SEZ has inked a pact with Andhra Pradesh Gas Development Corporation (APGDC) for supply of piped natural gas. “Kakinada SEZ, a subsidiary of GMR Infra...
Tribune Media ends merger deal with Sinclair, files suit
Tribune Media Co terminated its $3.9 billion sale to Sinclair Broadcast Group on Thursday and sued Sinclair for breach of contract, claiming the rival TV-station owner mishandled efforts to get the transaction approved...
Australia’s Bega Cheese says regulator approved Saputo dairy plant purchase
Dairy products maker Bega Cheese Ltd said on Friday the Australian competition regulator had approved its purchase of Saputo Inc’s dairy processing facility at Koroit in the state of Victoria. Bega Cheese will buy the...
