Sequent Scientific and Viyash Life Sciences have announced a merger that will result in the two companies forming a combination that will create a platform with leadership in animal pharmaceuticals, end-to-end...
NCLAT gives go-ahead to IECCL resolution
The NCLAT on Thursday gave a go-ahead to the insolvency resolution of IL&FS Engineering and Construction Company Limited (IECCL) and delinked it with the other listed loss-making companies of debt-ridden IL&FS...
TVS Holdings, 2 others get CCI’s clearance to acquire stakes in Home Credit India Fin
The Competition Commission of India (CCI) on Tuesday approved the proposed acquisition of stakes in Home Credit India Finance by TVS Holdings, STPL, Premji Invest Group as well as other related transactions. The deal...
Nomura, Mizuho are leading bidders for one of India’s biggest investment banks
Nomura Holdings Inc. and Mizuho Financial Group Inc. are the leading bidders for a majority stake owned by KKR & Co. in one of India’s biggest investment banks, according to people familiar with the matter. The two...
IHH Health eyes acquisitions to grow business: CEO Prem Kumar Nair
IHH Healthcare, the Singapore-Malaysia-based hospital group that operates a chain of hospitals under Fortis and Gleneagles (erstwhile Global Hospitals) brands in India, is planning to double its bed capacity here to...
DRA Homes acquire residential development at Marina Mall
DRA Homes, a Chennai-based real estate developer, has acquired Marina Mall’s residential development project, the prestigious Marina Mall in OMR, Chennai, for Rs 25.10 crore. YuBi, a FinTech platform, funded the...
NCLAT directs to maintain status quo on Vadilal Enterprises, Vadilal International boards
The appellate tribunal NCLAT has directed Vadilal Enterprises and Vadilal International to maintain the status quo of the structure of their boards until further orders. Passing an interim order, a two-member NCLAT...
Firstsource acquires UK-based Ascensos for $56 million
RP-Sanjiv Goenka group’s Firstsource Solutions Monday acquired UK-based customer experience outsourcing partner for retail and eCommerce businesses, Ascensos for a consideration of £42 million ($55.9 million). The...
AM Green acquires Finland’s Chempolis and Fortum 3 for an undisclosed amount
Hyderabad-based AM Green Technology and Solutions B.V. (part of AM Green Group), has signed a binding agreement to acquire Finland’s Chempolis Oy and Fortum 3 B.V. entities, the company said on Monday. AM Green...
NCLT admits Future Group affiliate Acute Retail Infra under the insolvency resolution process
The bankruptcy court on Monday admitted Future Group’s affiliate Acute Retail Infra Pvt Ltd for Corporate Insolvency Resolution Process (CIRP) in an application filed by Avendus Finance Pvt Ltd after the company...
Edelweiss-owned Sekura acquires O2 Power’s MP assets for Rs 2k cr
Sekura Energy, the energy platform owned by Edelweiss Alternatives, has acquired 350-MW operational assets of O2 Power developed for Rewa Ultra Mega Solar (RUMSL) in Madhya Pradesh, said multiple people aware of the...
Hindustan Zinc stake sale: Govt holds roadshows in India and abroad
The government has conducted several roadshows in the last 15 days in financial capitals like Mumbai, London, Boston and New York to assess the market and meet investors for sale of its stake in Vedanta Group firm...
