Mergers And Acquisitions

Mergers And Acquisitions News

Coronavirus takes toll on global mergers and acquisitions as $1 billion deals disappear, first time since 2004
Business

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
Business

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
Business

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.

Zomato acquires Uber Eats in an all-stock deal; to get around 10% shares in Gurgaon-based food delivery platform
Business

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

Inefficient aircraft bloat aviation losses; Chinese firm Jingye Group's bid for British Steel; all this and more on Moneycontrol Pro
Business

Inefficient aircraft bloat aviation losses; Chinese firm Jingye Group's bid for British Steel; all this and more on Moneycontrol Pro

Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations

Govt-constituted panel suggests green channel CCI approval for deals under insolvency law
Business

Govt-constituted panel suggests green channel CCI approval for deals under insolvency law

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

'Bharti Infratel, Indus Towers merger expected to be completed by August'
Business

'Bharti Infratel, Indus Towers merger expected to be completed by August'

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
Business

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
Business

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.

Mindtree says L&T has 'acquired control' of firm, categorised as promoter with 60.06% stake
Business

Mindtree says L&T has 'acquired control' of firm, categorised as promoter with 60.06% stake

Construction major L&T held 9.87 crore equity shares in Mindtree as on 2 July following its recently-concluded open offer

ICRA downgrades rating of IDFC First Bank's Rs 38,670 cr NCD due to weak earnings
Business

ICRA downgrades rating of IDFC First Bank's Rs 38,670 cr NCD due to weak earnings

IDFC Bank got merged with non-banking financial company Capital First to create IDFC First Bank

Over 1 cr Mindtree shares pledged by Coffee Day Enterprises released on 30 March: Regulatory filing
Business

Over 1 cr Mindtree shares pledged by Coffee Day Enterprises released on 30 March: Regulatory filing

Mindtree is in the midst of a takeover battle, with Larsen & Toubro (L&T) seeking to take control of the mid-sized IT firm.

M&A deal value in hospital sector jumps by 155% in FY19 to Rs 7,615 cr: Icra report
Business

M&A deal value in hospital sector jumps by 155% in FY19 to Rs 7,615 cr: Icra report

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
Business

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

Blackstone snaps up Essel Propack for Rs 3,211 cr, acquires majority stake at Rs 134 per share
Business

Blackstone snaps up Essel Propack for Rs 3,211 cr, acquires majority stake at Rs 134 per share

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

RBI yet to approve merger of Lakshmi Vilas Bank, Indiabulls Housing Finance; to examine proposals
Business

RBI yet to approve merger of Lakshmi Vilas Bank, Indiabulls Housing Finance; to examine proposals

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
Business

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
Business

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.