[ad_1] The Prabhudas Lilladher Group’s co-owner and joint managing director, Amisha Vora, has acquired the company and will now be the chairperson and managing director of the PL Group. She now holds a 96% stake in the group’s holding company, up from 24%.The acquisition has been approved by the SEBI,...
WayCool acquires 80% stake in AllFresh, Legal News, ET LegalWorld – Legal Firms
[ad_1] CHENNAI: Food and agri supply chain tech startup WayCool Foods has acquired 80% stake in AllFresh Supply Management (AllFresh) in a deal that values the latter at around $5 million. WayCool expects this acquisition to boost their sourcing capabilities in the domestic apples and oranges category as AllFresh is...
L&T Infotech and Mindtree merge into LTI Mindtree, creating 6th largest IT company, Legal News, ET LegalWorld – Legal Firms
[ad_1] It will have 90,000 employees on its rolls, taking the overall headcount of the software businesses to 1.2 lakh, which includes that of LTTS, spread across in over 30 countries across five continentsMumbai: The L&T Group on Monday announced operationalisation of the merger of Mindtree with LTI (Larsen &...
Sebi approves Adani Group’s open offer for 26% stake in NDTV, Legal News, ET LegalWorld – Legal Firms
[ad_1] NEW DELHI: Markets regulator Sebi has approved Adani Group's open offer to buy an additional 26 per cent stake in media firm New Delhi Television (NDTV) and the offer will commence on November 22.According to an update on Sebi's website on Monday, the regulator gave its final comments on...
Nayara Energy appoints Rajani Kesari as Chief Financial Officer, Legal News, ET LegalWorld – Legal Firms
[ad_1] New Delhi: Nayara Energy has appointed Rajani Kesari as Chief Financial Officer effective January, 2023.Kesari is a Chartered Accountant and a Cost Accountant. She is also a Certified Public Accountant from American Institute of Certified Public Accountants, USA. She brings along strong governance & compliance experience in driving business...
Mahindra Logistics completes acquisition of Rivigo Services; appoints S Venkateswaran as CEO, Legal News, ET LegalWorld – Legal Firms
[ad_1] Mumbai, Mahindra Logistics Ltd (MLL) on Friday said it has completed the acquisition of Rivigo Services and appointed Sreeram Venkateswaran as its chief executive officer. MLL through its subsidiary MLL Express Services closed the transaction with effect from November 10, the company said in a statement. The company had...
SME neobank ZikZuk acquires TaxSpanner, soon to offer products on GST filing, reconciliation, Legal News, ET LegalWorld – Legal Firms
[ad_1] SME bank ZikZuk technologies acquired TaxSpanner.com that caters to over one million users and has a suite of products in its ambit including Tax Filing, Tax Advisory, Financial Wellbeing among others, the bank told. ZikZuk is soon looking to expand its service offerings into Indirect Taxes with its products...
AM Mining India completes acquisition of Uttam Galva Steels, Legal News, ET LegalWorld – Legal Firms
[ad_1] New Delhi, AM Mining India on Thursday said it has completed the acquisition of debt-laden Uttam Galva Steels Limited through the insolvency process. The acquisition follows the recent approval of AM Mining India's resolution plan for Uttam Galva Steels Ltd by the National Company Law Tribunal (NCLT) Mumbai. In...
BSNL’s Rs 26,821 crore deal with TCS to roll out 4G network gets govt nod, Legal News, ET LegalWorld – Legal Firms
[ad_1] The government has approved Bharat Sanchar Nigam Ltd’s (BSNL) plan to go ahead with a Rs 26,821 crore order to IT services provider Tata Consultancy Services (TCS) for rolling out the state-run telco’s 4G network.Officials aware of the details said the telco will soon give the purchase order to...
Adani Ports acquires 49.38% stake in IOTL for Rs 1,050 crore, Legal News, ET LegalWorld – Legal Firms
[ad_1] AHMEDABAD: Karan Adani-led Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday announced it acquired 49.38% equity stake in Indian Oiltanking Limited (IOTL) for Rs 1,050 crore. IOTL is an independent terminalling company and a wholly-owned subsidiary of Oiltanking GmbH, Germany. The all-cash deal will make APSEZ, India’s...