Rolta first defaulted on foreign currency loans in 2016. After dodging bankruptcy thrice, it finally landed on NCLT table after Union Bank, one of the lenders, filed a petition.
The Supreme Court directed Patanjali to stop misleading ads following a petition filed by the Indian Medical Association, the largest body of modern medicine doctors with more than 350,000 members. The petition alleged that Patanjali s advertisements "make false claims about curing certain diseases". The next hearing in the case is scheduled for February 6.
GQG Partners recently raised bets in two non-Adani companies in July and August and invested around Rs 3,382 crore for acquiring stakes in JSW Energy, and Patanjali Foods, aside from buying additional stakes in Adani Ports and Adani Power.
Sheela Foam, which owns the popular “Sleepwell” brand, announced that it will acquire a majority stake in Kurlon Enterprises that owns “Kurl-On” brand for Rs 2,035 crore.