Udaan gets NCLT nod for biz consolidation ahead of potential IPO, ET LegalWorld
Representative Image B2B e-commerce platform Udaan has received NCLT approval for the consolidation of its various business entities including its technology platform, distribution and logistics services and wholesale trading into one entity – Hiveloop Ecommerce, sources aware of the development told ETRetail. With a unified entity the company is aiming for simplifying its operations, especially […]
Vedanta demerger moves ahead as NCLT clears way for meetings of shareholders, creditors, ET LegalWorld
Mining major Vedanta Ltd on Friday said the Mumbai bench of the NCLT has asked the company to call for a meeting of its secured and unsecured creditors and shareholders in the next 90 days to discuss the proposed demerger. The proposed demerger will create independent companies housing aluminium, oil and gas, power, steel and […]
Vishal Mega Mart, ACME Solar Holdings, Mamata Machinery get Sebi’s go ahead to float IPOs, ET LegalWorld
Three companies — supermart major Vishal Mega Mart, renewable energy firm ACME Solar Holdings and packaging equipment manufacturer Mamata Machinery — have received Sebi’s clearance to raise funds through initial public offerings (IPOs), an update with the regulator showed on Monday. On the other hand, the regulator has returned the draft offer document of manpower […]