Acquisition - Wander City

Corporate insolvency: NCLAT dismisses plea against Nuvoco’s Vadraj acquisition; tribunal backs NCLT approval of Rs 1,800 cr resolution plan – Times of India

alishpagda08@gmail.com2 weeks ago04 mins

The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal challenging the acquisition of Vadraj Cement by Nirma group company Nuvoco Vistas Corporation, upholding the resolution plan approved earlier by the National Company Law Tribunal (NCLT).The Delhi-based principal bench of NCLAT affirmed the April 1, 2025 order of the Mumbai NCLT, which had cleared…

Yes Bank acquisition: RBI approves SMBC to buy 24.99% stake; CCI nod still pending – Times of India

alishpagda08@gmail.com2 weeks ago03 mins

Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has received the Reserve Bank of India’s (RBI) approval to acquire up to 24.99% stake in Yes Bank, the private sector lender announced on Saturday.The development comes after Yes Bank’s May 9 disclosure about SMBC’s plan to purchase a 20% holding in the bank through a secondary stake buy,…

Bosch expands India footprint: German giant acquires 74.2% in Johnson Controls-Hitachi AC India; marks its biggest global acquisition – Times of India

alishpagda08@gmail.com1 month ago03 mins

Robert Bosch Gmbh is set have a bigger presence in India as it eyes acquiring control of Johnson Controls-Hitachi Air Conditioning India (JCHAI).According to a stock exchange filing on Monday, Bosch acquired a 74.2% stake from JCHAI’s parent organisations Johnson Controls-Hitachi Air Conditioning Holding (UK) and JCHAC India HoldCo Ltd, effective July 31, reported the…

To speed up NH projects, road transport min to soon start ranking states ‘ease of land acquisition’ | India News – Times of India

alishpagda08@gmail.com2 months ago03 mins

NEW DELHI: The road transport ministry will soon start ranking states on parameters of ‘ease of land acquisition’ as delay in getting the required land remains the biggest roadblock for national highway and expressway projects. This is aimed at fixing delays during the pre-construction and the project execution stages.Ranking of states will also help the…

Torrent Pharma becomes India’s 5th largest drugmaker | India News – Times of India

alishpagda08@gmail.com2 months ago04 mins

NEW DELHI: Following the acquisition of JB Chemicals & Pharmaceuticals (JB Chem), Torrent Pharma is set to become India’s fifth-largest pharmaceutical company, capturing a 4.6% share of the Rs 2.3 lakh crore organised retail market.The acquisition boosts Torrent Pharma’s rank from 7th to 5th place, increasing its market share from 3.6% to 4.6%, according to…

Emcure stake buy: Pharma firm to acquire 20.42% in Zuventus for Rs 724.9 crore; full ownership to aid consolidation – Times of India

alishpagda08@gmail.com3 months ago02 mins

Emcure Pharmaceuticals on Saturday said it will acquire the remaining 20.42% stake in its subsidiary Zuventus Healthcare Ltd from minority shareholders for Rs 724.9 crore, making it a wholly owned unit. The company’s board has approved entering into an agreement with the minority shareholders of Zuventus Healthcare for the acquisition, Emcure said in a regulatory…

CCI clears Delhivery’s Rs 1,400-cr acquisition of Ecom Express, 99.4% stake to give firm control, boost scale in e-commerce logistics – Times of India

alishpagda08@gmail.com3 months ago03 mins

The Competition Commission of India (CCI) on Tuesday approved logistics services provider Delhivery’s proposed acquisition of a 99.4% stake in Ecom Express for a cash consideration of up to Rs 1,407 crore.“The proposed combination comprises the acquisition of at least 99.44 per cent of the equity and preference shareholding (on a fully diluted basis) of…

DCM Shriram to buy Hindusthan Specialty Chemicals – Times of India

alishpagda08@gmail.com3 months ago01 mins

NEW DELHI: DCM Shriram on Thursday said its board has approved a definitive agreement to acquire Hindusthan Specialty Chemicals for Rs 375 crore, marking its strategic entry into the advanced materials segment. The buyout of unlisted subsidiary of Hindusthan Urban Infrastructure is subject to regulatory approvals. Source link

Charlie Javice Found Guilty of Defrauding JPMorgan in 5 Million Acquisition

Charlie Javice Found Guilty of Defrauding JPMorgan in $175 Million Acquisition

alishpagda08@gmail.com5 months ago06 mins

Charlie Javice, who made big headlines in 2023 when JPMorgan Chase accused her of faking her start-up’s customer list, was found guilty in federal court Friday of fraud. She now faces the possibility of decades in prison. The bank has its own civil lawsuit on standby, as it attempts to claw back her share of…

Biden blocks $15 billion US Steel acquisition by Nippon Steel, upholding national interest concerns | India News – Times of India

alishpagda08@gmail.com8 months ago04 mins

American President Joe Biden on Friday declined the proposed acquisition of US Steel by Japan’s Nippon Steel, valued at approximately $15 billion, upholding his earlier pledge to prevent the takeover.“We need major US companies representing the major share of US steelmaking capacity to keep leading the fight on behalf of America’s national interests,” Biden stated.The…