JK Cement has completed the acquisition of a majority 60 per cent stake in Jammu & Kashmir-based Saifco Cements for Rs 150 crore, formalising a joint venture with the company. This makes the JK Organisation group...
IndiGrid to acquire transmission, solar assets for Rs 2,100 cr
IndiGrid on Saturday said it will acquire ReNew Solar Aayan, a 300 MW (AC) solar project, and Koppal Narendra Transmission in two separate transactions for about Rs 2,108 crore. Inclusive of the adjustments, the...
Power Grid Corp Acquires MEL Power Transmission
State-owned Power Grid Corporation of India on Thursday announced the acquisition of MEL Power Transmission, a special purpose vehicle (SPV), from PFC Consulting, entailing an investment of Rs 558 crore. PFC Consulting...
Central Bank of India completes acquisition of stake in two Future Generali India Insurance companies
Central Bank of India (CBoI) on Thursday said it has completed acquisition of 24.91 per cent equity stake in Future Generali India Insurance Company Ltd (FGIICL) and 25.18 per cent equity stake in Future Generali India...
Zaggle to acquire spend management firm Dice Enterprises for Rs 123 Cr
Zaggle Prepaid Ocean Services Ltd., a Mumbai-listed financial technology company, said on Wednesday it has agreed to acquire the entire share capital of Dice Enterprises Private Limited for Rs 123 crore. The...
NCLAT stays insolvency proceedings against Reliance Infrastructure
Reliance Infrastructure received a significant reprieve as the NCLAT stayed the insolvency proceedings initiated against it. This decision suspends the NCLT’s previous order from May 30, 2025, which admitted the...
India’s recent M&A wave could expose firms to huge security risks: Okta’s Ben Goodman
Indian mergers and acquisitions (M&A) activity grew by 38 per cent in 2024, with 2,186 deals totalling $116 billion. However, mergers like those of the Air India-Vistara merger, Tesla and Tata Electronics, Reliance...
Aakash moves NCLT to implead EY, alleges conflict in Byju’s petition
In an impleadment application filed before the National Company Law Tribunal (NCLT), Bengaluru, on June 1, Aakash Educational Services Ltd (AESL) has requested the tribunal to either dismiss the company petition filed...
CCI Clears Major Stake Acquisitions in Indian Bank and Global Advertising Giant
The Competition Commission of India (CCI) has approved private equity firm Warburg Pincus’ acquisition of a 10% stake in IDFC First Bank via Currant Sea Investments BV, enabling significant growth. Additionally...
India outbound could be big: JP Morgan sees surge in global M&A ambitions among Indian firms
Echoing this view, Ravi Shankar, JP Morgan’s co-head of investment banking for India and head of the technology, media, telecom (TMT), and consumer & retail verticals, said capital markets are proving to be...
Rs 67,000 crore recovered under IBC in FY25, marking 42% YoY jump
In the financial year 2024-25 (FY25), creditors recovered over ₹67,000 crore from companies undergoing bankruptcy proceedings. This marked the highest-ever annual recovery under India’s Insolvency and Bankruptcy Code...
BPSL liquidation: Returning ₹19,350 crore won’t be enough to compensate JSW Steel
JSW Steel , in its review petition to the Supreme Court, is expected to highlight its financial losses that were borne out of the invalidation of its ₹19,350 crore insolvency resolution plan for Bhushan Power and Steel...
