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ILABS GROUP
Federal grants to fight child labour worldwide are axed in DOGE cutsThe Trump administration, under Elon Musk's Department of Government Efficiency, has cancelled millions in grants aimed at combating global...- iLabs taken to NCLT for reneging on Lanco dealLenders to the defunct Lanco Group have taken Hyderabad-based iLabs Group to court, claiming that the company has refused to part with the ...
- Megha Engineering completes 71% stake buy in Lanco Anpara"The UP Power Corporation was the last among the regulators or agencies to give the go-ahead because it was a change in management. Other r...
- Adani and Jindal companies, Vedanta in race for GVK Power’s Punjab unitGVK Power and Infrastructure is the parent company of GVK Power (Goindwal Sahib). The RP did not respond to ET’s request for comments. GVK ...
- No takers for Union Bank’s bad debts despite lowering reserve priceOn August 17, Union Bank issued a tender inviting bids for the power company’s Rs 2,077-crore debt at a reserve price of Rs 919 crore for u...
- 15 companies in fray to buy gaming firm SmaashNazara Technologies, which is backed by late billionaire Rakesh Jhunjhunwala’s Rare Enterprises, and the Malpani Group that recently acquir...
- Piramal, Cadila among 32 companies in race to buy Sharon Bio-MedicineSome fund houses, including iLabs India Special Situations Fund, Edelweiss Alternative Assets Advisors, Capri Global Holdings, ACRE India, ...
- State Bank sells distressed KSK Mahanadi loans to Aditya Birla ARC for Rs 1,622 croreThis would be the single-largest distressed loan sale on an upfront payment basis by any bank, equating to a recovery of 42% for the bank. ...
- Megha Engg to buy Lanco Anpara stake for Rs 855 croreBanks led by IDBI Bank will soon sell 71% equity stake of thermal power company Lanco Anpara Power to Hyderabad-based Megha Engineering and...
- Aditya Birla ARC, Arcil among companies eyeing SBI's KSK Mahanadi loanIt is the largest stressed loan sale by any bank seeking upfront payment from the buyer. The bank has set a ₹1,544-crore reserve price on t...
- Banks get bids from three companies for Lanco's Anpara power plantLenders of Lanco Group at a joint lenders' meeting on Thursday decided to send the bids for thorough scrutiny to Deloitte, the process advi...
- Lenders reject Rs 2,800-crore Vedanta offer for Lanco unitVedanta's offer had been put to a vote after it was found to be better than a rival offer from iLabs Group. However, its offer failed to ge...
- Lanco Infra lenders value co's Anpara Power Plant at ₹819 crThe 1200 MW thermal power plant is a rare operational plant with fuel linkages and a power purchase agreement with the UP government. It is...
- Lenders to vote on Vedanta's ₹2,800 crore offer for Lanco unitVedanta and iLabs Group were the only two bidders under the Insolvency and Bankruptcy Code (IBC) provisions for the stressed thermal power ...
- TV9 group revenues touch Rs 200 crore in FY 18The company made Rs 5.86 crore profit after tax during the year, according to Care Ratings.
- Telangana industrialist Rameswar Rao in talks to buy TV9 channelsAccording to sources Telangana's leading industrialist Jupally Rameswar Rao is in talks to buy ABCPL that runs news channels under TV9 bran...
- NewsX promoter, Hyderabad investor Prasad V Potluri vie for TV9TV9 is majority-owned by iLabs Capital, which holds a 60 per cent stake, while Asia-focused private equity fund SAIF Partners has minority ...
- I-Venture close to offloading i-mint stakeICICI Venture, the country's largest private equity firm, is in the final stages of selling its majority stake in i-mint to a German compan...
- Small firms all set to pep up pharma retailOrganised pharma retail, dominated by the likes of Apollo and Subiksha, is set for more action at the regional level.
- Warburg picks up Cibernet stake for $200 mA Warburg Pincus group company has acquired Cibernet.
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