Mergers And Acquisitions
Mergers And Acquisitions News
Coronavirus takes toll on global mergers and acquisitions as $1 billion deals disappear, first time since 2004
The dearth of mega deals comes as countries across the world have shut down large swathes of their economies as they battle the COVID-19 pandemic that has infected over 2.33 million people and claimed 165,000 lives.
Indian IT industry now a change originator, not in catch-up mode, say tech honchos; domestic firms getting into product spaces
In an economy that will touch the $5 trillion mark, IT will be a $1.5 trillion industry in itself, said Rajesh Gopinathan, CEO and MD, TCS.
Dr Reddy's Labs to acquire branded generics business of Wockhardt for Rs 1,850 cr; deal to help scale-up presence in home market
Dr Reddy's will acquire select divisions of its branded generics business in India and a few other international territories of Nepal, Sri Lanka, Bhutan and Maldives.
Allcargo Logistics becomes single-largest shareholder in Gati after it acquires nearly 13% stake in courier delivery services firm
Allcargo had acquired 27 lakh shares in Gati in the previous week through open market purchases.
Zomato acquires Uber Eats in an all-stock deal; to get around 10% shares in Gurgaon-based food delivery platform
Despite arriving in the Indian market in 2017, Uber Eats has not made enough inroads in the online food delivery segment
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Suggesting substantial changes to competition regulatory framework, a government-constituted high-level panel has recommended a green channel for automatic approval of certain combinations, including those under the insolvency law, by the Competition Commission
Last year, Bharti Airtel, Idea Cellular and Vodafone Group had announced an agreement for merger of Indus Towers and Bharti Infrate
Mindtree AGM: L&T CEO tells IT firm shareholders company will be operated 'at arm's length' from group's entities
L&T CEO and MD S N Subrahmanyan addressed the shareholders of Mindtree for the first time after the takeover on Tuesday
Deutsche Bank axes whole teams in Asia-Pacific as 18,000 job cuts begin; to scrap global equities business
Deutsche Bank had some 4,700 staff in Sydney, Tokyo, Hong Kong and Singapore, showed factsheets on its website.
Construction major L&T held 9.87 crore equity shares in Mindtree as on 2 July following its recently-concluded open offer
L&T pays Mindtree shareholders who tendered shares in open offer; infra major's open offer was at Rs 980 a share
L&T's deal marks India's first-ever hostile takeover bid in the IT space
IDFC Bank got merged with non-banking financial company Capital First to create IDFC First Bank
Mindtree is in the midst of a takeover battle, with Larsen & Toubro (L&T) seeking to take control of the mid-sized IT firm.
Despite the stress on performance due to regulatory restrictions, the value of merger and acquisition (M&A) deals in hospital sector jumped by a record 155 percent at Rs 7,615 crore in FY19, a report said on Monday
OYO to acquire Amsterdam-based Leisure Group for Rs 2,885 cr; takeover to help home-grown firm to become global brand
With the Leisure Group set to join the chain, OYO will have footprints in more than 800 cities across 24 countries
The two-legged deal involves Blackstone buying 51% stake from promoter Ashok Goel Trust, which owns 57% in Essel Propack for Rs 2,157 crore
The RBI would examine the proposals once it receives them from the merging entities
Mid-cap IT sector ‘clicks’ with spate of deals; strong global growth possibilities in calendar year 2019
The once-ignored mid-cap IT companies have seen a spate of deals over the past few weeks including hostile takeover offers and buyouts
Reliance Jio Digital Services acquires AI firm Haptik in Rs 700 cr-deal; investment focus on expansion of platform
Reliance will hold about 87% of the business with the rest being held by Haptik founders and employees through stock option grants.