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Mumbai: Nexus Select Mall Management, the manager to listed Real Estate Investment Trust (REIT) Nexus Select Trust, has approved the acquisition of a retail asset in Kolkata for an enterprise value of Rs 347.5 crore, as part of its ongoing portfolio expansion strategy. The company's board on Tuesday evening cleared the execution of definitive agreements for acquiring Diamond Plaza, a shopping mall with an estimated gross leasable area of around 244,000 sq ft. Also Read: Nexus Select Trust to p ...Read More >
New Delhi, Apr 1 (PTI) Parliament on Wednesday passed amendments to the insolvency law to provide faster resolution of stressed firms and reduce case backlog, with Finance Minister Nirmala Sitharaman emphasising that the intent is not to liquidate companies but to help them run with guardrails. The Rajya Sabha on Wednesday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, with a voice vote. It had received the Lok Sabha approval on March 30. As of December 2025, IBC has facilit ...Read More >
New Delhi [India], April 1 (ANI): Parliament on Wednesday passed key amendments to the Insolvency and Bankruptcy Code (IBC), with Finance Minister Nirmala Sitharaman stating that the changes aim to address delays, improve recovery outcomes and strengthen investor confidence in India's insolvency framework. The Rajya Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, with a voice vote. It had received the Lok Sabha approval on March 30. Also Read | KKR vs SRH Dream11 Predic ...Read More >
New Delhi, Aug 29 (PTI) Jio Platforms, the entity that houses Reliance Industries' telecom and digital businesses, is gearing up for an initial public offering (IPO) and stock market listing in the first half of 2026, RIL Chairman Mukesh Ambani said Friday, sparking wide expectations that the share-sale could be the biggest in the country's history. Jio is currently a unit of Reliance Industries, India's most valuable company, and while the Reliance Industries Chairman did not disclose the quan ...Read More >
Bengaluru: Global investor Brookfield Asset Management, through its private real estate fund, has sold a 50% stake in Bluegrass Business Park in Pune to 360 ONE Asset for an enterprise value of ₹2,400 crore. The 2 million square feet office development in Pune's Kalyani Nagar locality isspread across 7 acres. Bluegrass Business Park comprises a million sq ft operational tower that is leased to Mastercard, and an under-construction office tower. Brookfield will continue to oversee the management ...Read More >
New Delhi, Jul 15 (PTI) IPO-bound Fractal's shareholders have raised USD 172 million at an enterprise value of USD 2.4 billion, sources aware of the development said. Earlier, Fractal raised USD 685 million in funding from investors like TA, TPG and Apax, according to market research firm Tracxn. Also Read | Aadhaar Free Update: Government Requests Parents to Update Children's Aadhaar Biometrics Between Age 5-7, Free of Cost. "The total amount raised is USD 172 million at a valuation of USD 2 ...Read More >
New Delhi, Jul 15 (PTI) IPO-bound Fractal's shareholders have raised USD 172 million at an enterprise value of USD 2.4 billion, sources aware of the development said. Earlier, Fractal raised USD 685 million in funding from investors like TA, TPG and Apax, according to market research firm Tracxn. "The total amount raised is USD 172 million at a valuation of USD 2.44 billion. The entire transaction is secondary in nature. No funds have come into Fractal," the source said. The query sent to the ...Read More >
Bengaluru : INOXGFL Group, one of the leading business Groups in India in the energy transition space, announced today that Inox Clean Energy Limited's renewable independent power producer (RE IPP) arm, Inox Neo Energies Private Limited, has completed the acquisition of Skypower Solar India Private Limited, which has a portfolio comprising 50 MW (AC) / 57.5 MW (DC) of solar power assets located in Madhya Pradesh. The transaction values the asset at an enterprise value of ~Rs 265 crores, translat ...Read More >
New Delhi, Jun 27 (PTI) Shares of Akzo Nobel India jumped over 7 per cent on Friday after Sajjan Jindal's JSW Paints announced the acquisition of Dutch paint maker Akzo Nobel's India unit in a Rs 12,915-crore deal. The stock surged 6.65 per cent to settle at Rs 3,405 apiece on the BSE. During the day, it jumped 10.66 per cent to Rs 3,533. On the NSE, shares of the firm zoomed 7.20 per cent to end at Rs 3,419 each. The company's market valuation climbed Rs 967.28 crore to Rs 15,506.48 crore. ...Read More >
Bhopal, June 27 (UNI) In a bizarre incident, 19 vehicles of Madhya Pradesh Chief Minister Dr Mohan Yadav's convoy broke down together after diesel allegedly mixed with water was filled in their tanks at a fuel station in the Ratlam district of the state late Thursday night. Authorities carried out an inspection of the fuel station, and subsequently it was sealed. The stalled vehicles, mostly Toyota Innovas, had to be towed away and a replacement fleet was summoned hurriedly from Indore, to be ...Read More >
New Delhi: Shares of Akzo Nobel India jumped over 7 per cent on Friday after Sajjan Jindal's JSW Paints announced the acquisition of Dutch paint maker Akzo Nobel's India unit in a Rs 12,915-crore deal. The stock surged 6.65 per cent to settle at Rs 3,405 apiece on the BSE. During the day, it jumped 10.66 per cent to Rs 3,533. On the NSE, shares of the firm zoomed 7.20 per cent to end at Rs 3,419 each. The company's market valuation climbed Rs 967.28 crore to Rs 15,506.48 crore. JSW Paints on ...Read More >
New Delhi, Jun 27 (PTI) Sajjan Jindal's JSW Paints on Friday announced acquisition of Dutch paint maker Akzo Nobel's India unit in a Rs 12,915-crore deal to become the fourth-largest player in the paint industry in the country. JSW Paints will buy a 74.76 per cent stake in Dulux paint-maker Akzo Nobel India for Rs 8,986 crore and launch an open offer to buy another 25 per cent from open market for up to Rs 3,929.06 crore. "JSW Paints today (Friday) entered into definitive agreements to acquire ...Read More >
New Delhi, Nov 26 (UNI) BLS E-Services Limited (BLSe), a technology-enabled digital service provider, on Tuesday completed acquisition of 57% controlling stake in Aadifidelis Solutions Pvt. Ltd and its affiliates (ASPL) for an enterprise value of approx. Rs 190 crore. BLSe acquired the 57% stake in ASPL, one of the largest players in India in the distribution and processing of loans for corporates and individuals, for a total consideration value of approx. Rs 123 core. The company has made an ...Read More >
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