GAC Fiat Chrysler Automobiles joint venture declared bankrupt

Stellantis N.V. is one of the world’s leading car manufacturers. The activity is essentially organized around 4 sectors: – sales of passenger cars and light commercial vehicles: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys brands; – sale of luxury vehicles: Maserati and DS Automobiles brands;…

Focus shifts to licensing after losses

Clothing retailer Esprit Holdings Ltd. released its final results for the 2024 financial year on Monday evening, after a considerable delay. The figures were affected by the ongoing insolvency proceedings of almost all international subsidiaries and the resulting one-off effects. As part of the restructuring efforts and a shift in the business model to licensing…

Adani Power acquires 600 MW Vidarbha Power

Adani Power announced that it has successfully acquired and implemented a resolution plan of Vidarbha Industries Power Ltd. (VIPL). The transaction is for an aggregate consideration of ₹4,000 Crore. Effective July 07, 2025, VIPL has become a wholly owned subsidiary of the company after Adani Power acquired 100% shareholding of the company. VIPL is a…

Adani Power completes acquisition of Vidarbha Industries Power

Adani Power Ltd. (APL), India’s largest private thermal power producer, has successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore, the company said in a media statement. Vidarbha Industries Power is a 2×300 MW domestic coal-fired power plant located in Butibori, Nagpur…