M&A
Fortis board terminates Munjal-Burman offer, invites fresh bids
29 May 2018
Fortis will provide access to data comprising information on finances, litigation and update on pending investigation to new bidders while also allowing the three original bidders to participate in the process
Binani Cement lenders vote in favour of UltraTech offer
29 May 2018
UltraTech’s acquisition of Binani Cement will be subject to the Supreme Court’s ruling against the 15 May order of the National Company Law Appellate Tribunal that allowed lenders to consider UltraTech’s revised offer
Walmart will kill India’s domestic retail trade, warns CAIT
26 May 2018
Comparing Walmart to The East India Company, the Confederation of All India Traders says Walmart will penetrate retail trade through e-commerce, and indulge in predatory pricing and deep discounting, creating an uneven playing field for others
Barclays mulls merger with Standard Chartered: report
24 May 2018
Barclays says it has been talking about combing with various lenders including Deutsche Bank, Credit Suisse and DBS, as well
Amazon eyes Future Retail stake as Walmart pockets Flipkart
23 May 2018
Amazon, which lost out to Walmart in acquiring Flipkart, is reported to be in talks to acquire a 10-per cent stake in Future Retail Limited, the company which owns Big Bazaar and Easy Day
EGM may decide successful bidder for Fortis Healthcare
22 May 2018
Three directors nominated by promoters quit the company's board a day ahead of EGM on May 22 amidst talks of an MCA-initiated probe into the working of the company
Century Textiles to hive off cement business, sell it to UltraTech
21 May 2018
Aditya Birla Group firm UltraTech will acquire the cement business of BK Birla Group company Century Textiles and Industries through a share swap deal in which shareholders of Century Textiles will get one equity share of UltraTech for every eight equity shares held
Tata Steel completes acquisition of bankrupt Bhushan Steel
19 May 2018
Tata Steel said on Friday it has completed the acquisition of a 72.7 per cent stake in bankrupt Bhushan Steel Ltd (BSL) for Rs35,200 crore, making the first acquisition of a stressed asset under the new Insolvency and Bankruptcy Code
RCom, Ericsson propose to settle matter out of NCLT
17 May 2018
Creditor banks are reported to be backing the debt-ridden telco to counter Swedish gear maker Ericsson’s move in order to ensure that their dues are not compromised
ArcelorMittal deposits Rs7,000 cr with SBI to ensure eligibility for Essar
16 May 2018
The move to park about Rs7,000 crore in an escrow account of State Bank of India follows ArcelorMittal's bid for Essar Steel being questioned because of its past shareholding in loan defaulter Uttam Galva Steel
Bharti Airtel-Telenor merger finalised as DoT gives nod
15 May 2018
Airtel will formally buy Telenor India in a no-cash deal and take over its spectrum payment dues of about Rs1,650 crore. All customers of Telenor India would become part of Airtel, which will get 43.4 MHz of spectrum in the 1,800 MHz band from Telenor
NCLT approves Tata Steel as the owner of Bhushan Steel
15 May 2018
The National Company Law Tribunal (NCLT) on Tuesday approved Tata Steel’s bid to take over debt-ridden Bhushan Steel