Supreme Court upholds retrospective 28% GST on online money gaming
Online money gaming platforms and offshore operators must provision for retrospective 28% GST on the full face value of player stakes
CBIC
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Mergers & Acquisitions
31 briefs
Federal Reserve approves Columbia conversion and Northfield acquisition
Columbia and Northfield deal teams must close only within the holding-company structure approved by the Federal Reserve
RBI approves Bhavani Sahakari Bank merger into TJSB
Bhavani branches must operate as TJSB branches from May 4
RBI
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CCI clears Mizuho Securities acquisition of Avendus stake
Investment-banking rivals must reassess positioning post-Mizuho-Avendus deal
PIB
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RBI approves Emirates NBD acquisition of RBL Bank
Foreign bank to acquire majority stake
RBI approves Emirates NBD takeover of RBL Bank
Majority acquisition triggers open offer
US court halts Nexstar–Tegna integration
Temporary restraining order enforces hold-separate structure
Magnum acquires controlling stake in Kwality Wall’s India
Ownership transfer shifts promoter control
NCLAT restricts insolvency proceedings against Vatika Ltd
CIRP limited to specific project scope
RBI approves Avenir Investment takeover of Sammaan Capital
Transaction awaits final regulatory clearance
Aditya Birla Group consortium acquires Royal Challengers Bangalore for $1.78bn
Ownership transfer subject to regulatory approvals
UK High Court orders Mike Lynch estate to pay £920m to Hewlett Packard Enterprise
Court ruling forces estate to prioritise creditor payment