Tag: Slump Sale
MANUFACTURING Sejal Glass To Acquire Architectural & Automotive Glass Business For ₹41 Cr

Sejal Glass Ltd, a manufacturer of architectural glass solutions, is set to acquire Magnumtuff India Pvt Ltd architectural glass and automotive glass business on a going-concern basis through a slump sale for ₹40.80 crore. The proposed transaction, including the purchase of the associated factory land and building. The business undertaking reported operating revenue of ₹36.20 […]

CW Bureau · Nov 7, 2026
BANKING & FINANCE CCI Approves Kotak Mahindra Bank’s Buy Of Deutsche Bank’s R&W Bizz

The Competition Commission of India (CCI) has approved Kotak Mahindra Bank Ltd’s proposed acquisition of Deutsche Bank Aktiengesellschaft’s retail banking, private banking and wealth management business in India. The transaction involves the acquisition of the identified business, operated through Deutsche Bank’s branches in India, as a going concern on a slump sale basis. Deal includes […]

CW Bureau · Nov 4, 2026
STARTUP/TECHNOLOGY Hexaware Technologies Approves Revamp, Names Vivek Jetley CEO

Hexaware Technologies Ltd, a global provider of IT services and technology-enabled business solutions, has approved a series of corporate restructuring measures, including a subsidiary slump sale, two mergers, the incorporation of a new overseas subsidiary and the voluntary liquidation of an existing entity. The company’s board has also approved the appointment of Vivek Jetley as […]

CW Bureau · Oct 28, 2026
HOSPITALITY Fortis Healthcare Acquires Suguna Hospital In Bengaluru For ₹277 Cr

Fortis Healthcare Ltd, a healthcare delivery company, has acquired Suguna Hospital in Bengaluru for ₹277 crore through an all-cash transaction structured as a slump sale. The acquisition was completed by Fortis Healthcare’s wholly owned subsidiary, International Hospital Ltd (IHL), which will take over the hospital’s entire business operations, including the underlying land and building. The […]

CW Bureau · Oct 28, 2026
GENERAL LEAP India Okays Acquisition Of Two Packaging Companies For ₹142 Cr

LEAP India Ltd, a provider of returnable packaging and supply chain solutions, has approved the acquisition of Vimprotech and Total International Packaging Solutions for a combined cash consideration of ₹142 crore, strengthening its manufacturing capabilities and expanding its pooling business. The acquisitions will be undertaken through the company’s wholly owned subsidiaries, Vimprotech Pvt Ltd and […]

CW Bureau · Oct 27, 2026
MANUFACTURING Airfloa Rail Technology Acquires KIN Railway Equipment Unit For ₹48 Cr

Airfloa Rail Technology Ltd, an engineering and manufacturing company serving the railway, metro, aerospace and defence sectors, has entered into a Memorandum of Understanding (MoU) with KIN Railway Equipment Pvt Ltd to evaluate the acquisition of KIN’s business for ₹48 crore. The proposed transaction will be structured either as a slump sale or an asset […]

CW Bureau · Sep 14, 2026
INFRASTRUCTURE Cochin Shipyard To Form JV With DDW, Dubai For Ship Repair Facility

Cochin Shipyard Ltd (CSL) will form a 50:50 joint venture with DDW to own, operate and manage its International Ship Repair Facility (ISRF) at Willingdon Island, Kochi. The joint venture company will be incorporated as a private limited company under the Companies Act, 2013, with its registered office in Kochi. It will not be listed […]

CW Bureau · Sep 9, 2026
STARTUP/TECHNOLOGY L&T Transfers Data Centre, Cloud Business To Vyoma.AI For ₹1,400 Cr

Larsen & Toubro Ltd has executed a Business Transfer Agreement with its wholly owned subsidiary Vyoma.AI Ltd for transferring its Data Centre and Cloud Services Business on a going-concern basis. The business will be transferred through a slump sale for an aggregate consideration of ₹1,400 crore, subject to closing adjustments. Vyoma will issue fully paid-up […]

CW Bureau · Aug 11, 2026
AUTO SML Mahindra Approves ₹525-Cr Buy Of Mahindra Truck & Bus Division

SML Mahindra Ltd has approved the acquisition of Mahindra Truck and Bus Division (MTBD) from Mahindra & Mahindra Ltd on a slump sale basis for ₹525 crore. The transaction, expected to be completed during FY27, is aimed at creating a unified commercial vehicle business with a presence across light, intermediate and heavy commercial vehicles, as […]

CW Bureau · Jul 29, 2026