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Reliance Home Finance gets only two binding bids from six suitors

Finance

21 December, 2020

Reliance Home Finance gets only two binding bids from six suitors

Of the six entities that are in fray for debt-laden Reliance Home Finance Ltd, only two have submitted binding bids, ......

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SBI-backed Neev Fund tops up first private equity vehicle

Finance

18 December, 2020

SBI-backed Neev Fund tops up first private equity vehicle

Private equity investor Neev Fund, floated by State Bank of India in partnership with the UK’s Department for International Development, ......

UK's Liberty House acquires second firm under insolvency law

Manufacturing

17 December, 2020

UK's Liberty House acquires second firm under insolvency law

UK-based Liberty House Group has completed its second acquisition under the bankruptcy process with the purchase of an Andhra Pradesh-based ......

Vedanta Group gets bankers' nod to buy 13 Videocon companies

Manufacturing

17 December, 2020

Vedanta Group gets bankers' nod to buy 13 Videocon companies

Billionaire businessman Anil Agarwal's family firm got bankers’ approval on Wednesday to acquire 13 companies of insolvent consumer appliances maker ......

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PE-backed ARC among bidders for Anil Ambani's home finance arm

Finance

17 December, 2020

PE-backed ARC among bidders for Anil Ambani's home finance arm

Four asset reconstruction companies (ARCs) and a non-banking finance company have submitted bids for Reliance Group’s (formerly Anil Dhirubhai Ambani ......

SEBI clears new shareholding norms for companies in bankruptcy

Finance

16 December, 2020

SEBI clears new shareholding norms for companies in bankruptcy

The Securities and Exchange Board of India finalised new norms Wednesday for companies that find a new owner after going ......

Speciality chemicals firm Laxmi Organic files for IPO

Manufacturing

16 December, 2020

Speciality chemicals firm Laxmi Organic files for IPO

Mumbai-based Laxmi Organic Industries Ltd, a manufacturer of acetyl intermediates and speciality intermediates, has filed for an initial public offering ......

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JM Financial ARC, US firm invest $28 mn in textile company

Manufacturing

15 December, 2020

JM Financial ARC, US firm invest $28 mn in textile company

Homegrown financial services firm JM Financial Ltd’s asset reconstruction arm and a San Francisco, US-based investment firm are picking up ......

Actor Sonu Sood picks up stake in BK Modi group firm Spice Money

TMT

15 December, 2020

Actor Sonu Sood picks up stake in BK Modi group firm Spice Money

Actor Sonu Sood has picked up a minority stake in the rural fintech arm of BK Modi group company Digispice ......

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Oaktree bids most for Dewan Housing as Piramal, Adani revise offers

Finance

14 December, 2020

Oaktree bids most for Dewan Housing as Piramal, Adani revise offers

US-based Oaktree Capital Management has likely submitted the highest bid for Dewan Housing Finance Corp (DHFL) even as Piramal Group ......