NCLT Ahmedabad Clears First Motion In Vitanosh Ingredients–Lactose India Merger

The National Company Law Tribunal (NCLT) at Ahmedabad has cleared the first motion in the proposed amalgamation of Vitanosh Ingredients Private Limited, a dairy products company with listed lactose manufacturing company Lactose (India) Limited. A coram of Judicial Member Shammi Khan and Technical Member Sanjeev Sharma directed Lactose (India) Limited to convene a meeting of its 16,900 equity shareholders on March 28, 2026 at 10:30 AM through video conferencing or other audio-visual means. The...

NCLT Mumbai Approves First Motion For Demerger Of Dairy Undertaking Of Sarda Dairy Into Chhattisgarh Investments

The National Company Law Tribunal (NCLT) at Mumbai has allowed the first motion application in a scheme providing for the demerger of the dairy undertaking of Sarda Dairy & Food Products Ltd into Chhattisgarh Investments Ltd. The scheme provides for reorganisation of reserves, reduction of share capital and demerger of the dairy undertaking into Chhattisgarh Investments Ltd. The order was passed by a coram of Judicial Member K.R. Saji Kumar and Technical Member Anil Raj Chellan on...

NCLT Ahmedabad Sanctions Merger Of Sanghi Industries With Ambuja Cements

The National Company Law Tribunal (NCLT) at Ahmedabad has approved a cement-sector merger, clearing the amalgamation of Sanghi Industries Limited into Ambuja Cements Limited. A bench comprising Judicial Member Shammi Khan and Technical Member Sanjeev Sharma sanctioned the composite scheme of merger under Sections 230 to 232 of the Companies Act, 2013, by an order dated 9 February 2026. The tribunal held that the scheme is “prima facie beneficial to the Companies and will not be in any way...

CCI Clears Proposed Minority Stake Acquisition in Snack Major Haldiram by L Catterton India Fund

The Competition Commission of India (CCI) has approved the proposed acquisition of a minority shareholding, on a fully diluted basis, in Haldiram Snacks Food Private Limited by L Catterton India Fund. The proposed combination involves L Catterton India Fund acquiring a non-controlling stake in Haldiram Snacks Food. The acquirer is a scheme of L Catterton India Trust, a Category II alternative investment fund registered with the Securities and Exchange Board of India, and is engaged in...

NCLT Clears First Motion Of Essar Group Plan To Shift 'Essar' Brand From Abhinand Ventures To Essar Power

The National Company Law Tribunal (NCLT) at Ahmedabad has cleared the first motion in a group restructuring exercise through which the Essar Group proposes to shift ownership of the “Essar” brand from one group company to another. The scheme involves Essar Power Limited and its group company Abhinand Ventures Private Limited. Abhinand Ventures presently holds the Essar brand, which the scheme proposes to transfer to Essar Power. A bench of Judicial Member Shammi Khan and Technical Member...

CCI Approves Tata Steel's Acquisition Of 50.01% Stake In Thriveni Pellets

The Competition Commission of India (CCI) has approved Tata Steel Limited's acquisition of 50.01% equity share capital in Thriveni Pellets Private Limited, holding that the transaction does not raise any appreciable adverse effect on competition in India, despite a limited horizontal overlap in the iron ore pellet market. The clearance allows Tata Steel to acquire a majority stake in Thriveni Pellets from Thriveni Earthmovers Private Limited. The transaction was notified under the...

CCI Approves Elliott-Managed Funds' Proposed Stake Purchase In Toyota Industries

The Competition Commission of India (CCI) has approved a proposal involving the acquisition of equity shares and voting rights in Toyota Industries Corporation by funds managed by US-based Elliott Investment Management. Under the approval, Elliott Associates L.P., Elliott International L.P. and The Liverpool Limited Partnership will acquire shares of Toyota Industries through on-market purchases on the Tokyo Stock Exchange and the Nagoya Stock Exchange. As the transaction involves the...

NCLT Chandigarh Clears Merger Of Alternative Fuel Company Into Lumax Group Company

The National Company Law Tribunal (NCLT) at Chandigarh has cleared the merger of Greenfuel Energy Solutions Private Limited, a Gurgaon-based manufacturer of alternative fuel system components and batteries, with Lumax Resources Private Limited, a group company of listed auto components maker Lumax Auto Technologies Limited. A bench of Judicial Member Khetrabasi Biswal and Technical Member Kaushalendra Kumar Singh sanctioned the scheme on January 14, 2026. The tribunal said the merger complied...

NCLT Mumbai Sanctions Merger Of Bayer Zydus Into Bayer Pharmaceuticals

The National Company Law Tribunal (NCLT) at Mumbai has approved the merger of Bayer Zydus Pharma Pvt Ltd into Bayer Pharmaceuticals Pvt Ltd, as part of a group-level corporate restructuring exercise.A coram of Judicial Member Lakshmi Gurung and Technical Member Hariharan Neelakanta Iyer in an order on January 9, observed that the companies complied with the applicable laws and the scheme was not prejudicial to the interest of its members or public interest.Bayer Zydus Pharma was incorporated on...

NCLT Mumbai Approves Demerger Of Vedanta's Merchant Power Business Into Talwandi Sabo Power

The Mumbai bench of the National Company Law Tribunal (NCLT) on Friday approved a restructuring move within the Vedanta group, clearing the demerger of the merchant power business of Vedanta Ltd and its transfer to Talwandi Sabo Power Ltd. The order was passed on a second-motion petition filed by Talwandi Sabo Power Ltd. The coram, comprising Judicial Member Mohan Prasad Tiwari and Technical Member Charanjeet Singh Gulati, noted that all statutory requirements had been met and that the...

NCLT Mumbai Approves Demerger Of Poonawalla Finance And Group Entities

The National Company Law Tribunal at Mumbai has approved a scheme of amalgamation involving Poonawalla Finance Pvt Ltd, Rising Sun Holdings Pvt Ltd and Synergist Realtors Pvt Ltd, paving the way for the reorganisation of businesses within the Poonawalla group. The approval came on January 6, 2026, following resolutions passed by the boards of the companies on February 4 and February 12, 2025. Under the scheme, the appointed date for the first leg of the demerger has been fixed as...

CCI Clears Nippon Steel's Acquisition Of Remaining Stake In Krosaki Harima

The Competition Commission of India (CCI) has cleared Japanese steel major Nippon Steel Corporation's move to take full control of Krosaki Harima Corporation, according to a press release issued on January 6, 2026. The approval relates to a tender offer under which Nippon Steel will acquire an additional 53.4 percent stake in Krosaki. Nippon Steel already holds 46.6 percent in the company, and once the transaction is completed, its shareholding will rise to 100 percent, making Krosaki a wholly...