Adani Approaches buying Bankrupt Mumbai Builder at 98% Discount
According to the media report, Adani Good homes Pvt is a stage closer to purchasing Radius Estates and Developers Pvt at a 98% concession to...
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Varde-Arena Increases Bid for Srei Company
The consortium of Varde Partners and Arena Investors claimed that the challenge mechanism process for the new scheme to invite qualified resolution applicants for the...
ONGC, NTPC, Zee Ent, Zomato, Dabur, Coal India in Focus
India’s ONGC (Oil and Natural Gas Corporation) has increased windfall tax on oil, crude oil and jet turbine fuel, according to a government order passed...
Swan Energy Rises as Reliance Naval Resolution Pushes to 52-Week High
Shares of Swan Energy closed at their highest level in seven months on Friday, rising for a third straight session. The stock hit a 52-week...
JSW Energy Completes Acquisition of Ind-Barath Energy for Rs 1,047 Crore
JSW Energy said it had completed the acquisition of 700 MW Ind-Barath Energy (Utkal) for Rs 1,047.6 crore through bankruptcy proceedings. “The resolution scheme has...
Narayani Steels Up More Than 500% In 2022, Promoter to Sell 4.9% Stake Today
After a 56% drop in 2021, this year will be significant for Narayani Steels. Shares of the company have soared more than 580% in 2022....
Hinduja Group Buys Debt-Laden Reliance Capital for Rs 9,500 Crore
On Friday, IndusInd Bank promoter Hinduja Group tried to revise its bid for debt-laden Reliance Capital to Rs 9,500 crore, with an upfront cash outlay...
Reliance Jio Acquires 100% Stake in Reliance Infratel for About Rs 3,720 Crore
Reliance Industries Limited said on December 22 that Reliance Projects and Property Management Services (RPPMSL), a subsidiary of Reliance Jio, has completed the acquisition of...
LIC’s Move to Sell Reliance Capital’s Debt to ARC Rattles Lenders, Bidders
LIC‘s move to sell its cash-strapped Reliance Capital Ltd (RCL) Rs 3,400 crore secured principal debt to an asset restructuring company (ARC) has angered its...
LTI, Greaves Cotton, NMDC And Others in Focus
LTI and Mindtree announced the National Company Law Tribunal (NCLT) had approved the scheme of amalgamation and arrangement of both companies with respective shareholders and...