M&A
M&M, Spain's CIE Automotive in global alliance for auto components
15 Jun 2013
Under the deal, the Mahindra Group will pick up 13.5 per cent stake in CIE Automotive for Rs740 crore and in turn sell stakes in its three group firms for Rs673.68 crore to CIE Automotive SA and its group firm
FIPB defers decision on Jet-Etihad deal
14 Jun 2013
Apollo Tyres to acquire Cooper Tire & Rubber Co for $2.5 bn
12 Jun 2013
Apollo Tyres, India's largest tyre manufacturer, is buying US-based Cooper Tire & Rubber Co for about $2.5 billion in a bid to emerge the world's seventh-largest tyre maker.
Google buying Israeli mobile satellite navigation start-up Waze
12 Jun 2013
Though the Internet giant did not disclose the purchase price, several reports suggested that the deal was struck at $1.03 billion
SoftBank raises offer for Sprint Nextel to $21.6 billion
11 Jun 2013
Japanese mobile operator SoftBank Corp yesterday raised its offer for US wireless carrier Sprint Nextel Corp to $21.6 billion to ward off a counter bid from US satellite-TV provider Dish Network Corp
Retraction of ONGC's Mozambique deal could invite Sebi scrutiny
By By Ravi Kunder | 11 Jun 2013
ONGC's retraction of its press release announcing that its subsidiary OVL and Oil India had signed an agreement to buy Videocon's 10-per cent stake in a Mozambique gas field for $2.48 billion, could attract Sebi action. By Ravi Kunder
OVL, Oil India to buy Videocon’s stake in Mozambique gas field for $2.48 bn
10 Jun 2013
For Videocon, the sale brings in a massive windfall from its passive investment made in early 2008 after it initially paid around $75 million for its 10-per cent stake and spent around $200 million during phase 1