Reliance Capital and Nippon Life Insurance Co both own 42.88% stake each in Reliance Nippon. Nippon Life will buy out most of Reliance Capital's stake with this deal, the asset manager said.
Fair trade regulator CCI in 2016 ordered the unit to carry out the probe after the agriculture ministry and some local seed companies complained that Monsanto was charging unreasonably high royalty fees for its GM technology.
A two-judge panel of the Securities Appellate Tribunal asked the NSE to transfer the $90 million to an account managed by the Securities and Exchange Board of India (Sebi), where it will remain untouched until the outcome of the case.
Three months ago, Tata Motors announced plans to revamp JLR, after reporting the biggest loss of about $4 billion in Indian corporate history due to an impairment at JLR
IndiGo, SpiceJet and GoAir have been rushing to fill the vacuum left by the collapse of Jet Airways, once India's largest carrier, and gain control of its valuable slots.
In April, GAIL (India) Ltd offered Rs 4,800 crore ($683.01 million) for IL&FS's power plant portfolio, emerging as the highest bidder for its wind assets.
