In its order, the appellate tribunal stated that the objections were not on merit and did not disclose any violation of the Insolvency and Bankruptcy Code (IBC).
As per the details available, 2.8% of the company's outstanding equity changed hands for Aditya Birla Lifestyle Brands.
It further added that the company will raise funds via qualified institutional placement (QIP) to part-fund the acquisition.
In its filing with the bourses, the company reported that this matter was related to the disallowance of general licensing fee.
According to Embassy Developments, the proposed projects will have a combined gross development value of more than ₹12,000 crore.
Here are some of the stocks that may see significant price movement today: Eternal Limited, Waaree Energies, Jindal Stainless, etc.
Zydus Life stated that it has unveiled the biosimilar under the brand Tishtha™. It can be used for treatment of multiple cancers.
During the quarter, Waaree commissioned an additional 2.1 gigawatt solar module manufacturing facility at Chikhli and a 3 gigawatt facility at Samakhiali in Gujarat.
Under the MoU, CESC Green Power plans to establish a 3 gigawatt solar cell and module manufacturing plant in Uttar Pradesh.
The company had earlier informed on January 5, 2026, about the completion of the acquisition of 7.18 crore equity shares from Mylan Inc under the same transaction.

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