🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
NCLT clears merger of Inox Wind units
Economic Times
·
1m ago
Medial
The National Company Law Tribunal has approved the merger of Inox Wind Energy Limited (IWEL) with Inox Wind Limited (IWL), enhancing the INOXGFL Group's business structure in clean energy. The merger aims to improve financial health by reducing debt by ₹2,050 crore and increasing operational efficiency through better resource management and streamlined processes. This consolidation also eliminates the need for a separate holding company, giving INOXGFL Group promoters a direct stake in Inox Wind.
View Source
1
Related News
Inox eyes better times ahead as govt focusses on enhancing wind power capacity
Thehindubusinessline
·
1y ago
Medial
Inox Wind, an end-to-end wind power solutions provider, expects rapid growth in the Indian wind sector due to the government's focus on adding 100 GW of wind capacity over the next decade. Supported by favorable macroeconomic conditions and a strong order book, the company turned profitable in Q3 FY24, reporting a revenue of ₹507 crore and a profit after tax of ₹1.8 crore. Inox Wind has secured orders totaling around 1,850 MW and aims to capture a share of 18 GW of wind projects. The company anticipates significant growth in the coming months with the commissioning of 8-10 GW of wind capacity in FY24.
View Source
Air India-Vistara merger: NCLT approves, paves way for world's largest airline
Livemint
·
1y ago
Medial
The National Company Law Tribunal (NCLT) has approved the merger of Air India and Vistara, creating one of the largest airline groups worldwide. Singapore Airlines will hold a 25.1% stake in Air India following the merger. The NCLT confirmed that the necessary approvals from shareholders, creditors, the Competition Commission of India, and the Directorate General of Civil Aviation had been obtained. The merger is expected to be finalized by the end of the year. The order specified that Vistara would dissolve without undergoing the winding-up process after the merger, subject to necessary approvals and clearances.
View Source
NCLAT reserves order on IDBI, Axis Bank pleas against Zee-Sony merger
Livemint
·
1y ago
Medial
The National Company Law Appellate Tribunal (NCLAT) is considering pleas filed by IDBI Bank and Axis Bank challenging the Zee-Sony merger, which has been called off. The banks are urging NCLAT to defer the case until the National Company Law Tribunal (NCLT) decides on Zee's plea to enforce the merger. However, Zee argues that the pendency of the plea in NCLT should not affect the current case. The merger was called off due to disagreements over the leadership of the merged entity. Sony has initiated emergency arbitration proceedings against Zee.
View Source
New benches for company law tribunals to speed up merger case approvals: Experts
Livemint
·
1y ago
Medial
The addition of specialized benches to the National Company Law Tribunal (NCLT) in India, as proposed in the budget speech, is expected to significantly reduce the time taken to process merger cases. Currently, the NCLT handles both merger and bankruptcy cases, leading to delays. The new benches would solely focus on company law cases, potentially reducing the processing time from eight-12 months to three to four months. Experts suggested that increasing the number of benches would expedite the process and boost investor confidence, but delays from regulators and authorities also need to be addressed.
View Source
Amazon India board clears merger of logistics arm with marketplace entity
Economic Times
·
2m ago
Medial
Amazon Transportation Services (ATS), Amazon's Indian logistics arm, is merging with Amazon Seller Services to simplify the organizational structure and reduce legal compliance. Approved by the National Company Law Tribunal, the merger aims to streamline resources and infrastructure management. ATS, primarily serving Amazon, recently opened to third-party clients. Amazon, like its rivals, has in-house logistics. The merger is unrelated to any plans for a public listing of Amazon's India business.
View Source
NCLT issues notice to Sony on ZEEL's plea on enforcing merger
Thehindubusinessline
·
1y ago
Medial
The National Company Law Tribunal (NCLT) has issued a notice to Culver Max (formerly Sony Pictures Network India) in response to a plea from Zee Entertainment Enterprises (ZEEL) regarding the merger between the two media companies. The tribunal has directed Sony to reply to ZEEL's petition within two weeks, and the matter will be heard on March 12. ZEEL's counsel argues that since the NCLT has already approved the merger, it has jurisdiction to address petitions related to its implementation.
View Source
CCI Greenlights Slice’s Merger With North East SFB
Inc42
·
1y ago
Medial
The Competition Commission of India (CCI) has approved the merger of fintech unicorn slice with North East Small Finance Bank. The merger will cover slice's parent company GIPL, its NBFC arm Quadrillion Finance, and its subsidiary IFPL, as well as the bank's subsidiary RGVN (North-East) Microfinance Limited. This approval clears the way for the merger, with the filing of the composite scheme of amalgamation before the National Company Law Tribunal (NCLT) being the remaining step. The merger was announced in October 2023, with slice looking to expand its offerings and streamline customer experience.
View Source
NCLT approves merger of Slice and North East Small Finance Bank
Economic Times
·
11m ago
Medial
The National Company Law Tribunal (NCLT) has approved the merger of Slice with North East Small Finance Bank. This finalizes the merger of the Bengaluru-based fintech company with the Guwahati-based bank. The Reserve Bank of India had already given its approval in October. The merger involves several entities including Slice, Garagepreneurs Internet Private Limited, Quadrillion Finance Private Limited, Intergalactory Foundry Private Limited, RGVN (North East) Microfinance Limited, and North East Small Finance Bank Limited. The merger will enable Slice to offer technology-backed financial services to customers of North East Small Finance Bank.
View Source
Adani, KPI, Waaree rise: What moved them and what investors need to watch next
Business Today
·
4m ago
Medial
Adani Green Energy's stock rose 9.54%, reaching ₹957, after commissioning a 250 MW solar project in Rajasthan. KPI Green Energy jumped 13.24% to ₹427.8. Waaree Energies increased by 10.95% to ₹2,358. NTPC Green Energy Ltd saw a 6.49% rise to ₹102.5. Inox Wind gained 5.59%, closing at ₹171.49, while Premier Energies advanced 3.02% to ₹915. Acme Solar Holdings had a modest increase of 0.46%, valued at ₹202, with a 2.54 GW total portfolio.
View Source
NCLT clears Yatra Online’s amalgamation scheme involving six subsidiaries
Economic Times
·
28d ago
Medial
Yatra Online Ltd announced the approval of an amalgamation scheme by the National Company Law Tribunal (NCLT), Mumbai Bench, involving its six wholly-owned subsidiaries. The merged entities, including Yatra TG Stays and Yatra Hotel Solutions, aim to streamline operations and enhance efficiency. The companies must issue notices to various regulatory bodies and have 30 days to address any objections. The next hearing is set for August 2025.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
