M&A
Infosys to sell subsidiaries Panaya and Skava
14 Apr 2018
Hero’s Munjals and Dabur’s Burmans propose joint investment in Fortis
13 Apr 2018
Fortis Healthcare has received an unsolicited binding offer jointly from Sunil Munjal’s Hero Enterprise and the Burmans of Dabur to invest Rs1,250 crore directly in the company through a preferential allotment
Malaysia’s IHH plans to outbid Manipal Hospitals for Fortis: report
12 Apr 2018
Malaysian investment holding firm IHH Healthcare Bhd plans to bid for India's Fortis Healthcare Ltd at a price marginally better than Manipal Hospitals Enterprises Pvt Ltd's offer, Bloomberg reported today citing people aware of the matter
Walmart-Flipkart deal almost through
12 Apr 2018
Walmart completed its due diligence on Flipkart and has proposed acquiring 51 per cent of the stocks for between $10 billion and $12 billion
Saudi Aramco signs MoU for 50:50 mega refinery JV in Ratnagiri
11 Apr 2018
Saudi Aaramco along with a strategic partner and an Indian consortium comprising Indian Oil, Bharat Petroleum and Hindustan Petroleum will invest an estimated Rs3,00,000 crore to build the 1.2-million bpd Ratnagiri Refinery and Petrochemicals Ltd
No takers for Air India as Tatas decide to opt out
11 Apr 2018
The Tata Group is unlikely to consider a bid for the national carrier as the terms are too onerous, a report says. With Jet Airways and IndiGo no longer in the running, it seems no one wants to be part of an airline where the government insists on holding a stake
US regulator approves $62.5 bn Bayer-Monsanto merger
10 Apr 2018
While economists say there is a strong likelihood of market abuse when four companies control 45 per cent of the market, the move by the US department of justice will allow one company to control 77 per cent of all seed corn, 69 per cent of all seed traits and 58-97 per cent of the markets in cotton, soybeans, and canola
Shapoorji Pallonji keen to buy Unitech Power
10 Apr 2018
Swiss aviation firm shows interest in bidding for Air India
09 Apr 2018
Aviation advisory firm Swiss Aviation Consulting (SAC) has reportedly shown interest in bidding for India’s national carrier, but experts say it does not look serious as the firm may only be scouting for clients
UltraTech hopes to acquire Binani Cement with backing from lenders
09 Apr 2018
Ultratech’s chances of winning Binani Cement, however, depend on the Supreme Court’s decision on the legality of awarding the bankrupt business to another bidder after the Dalmia Bharat-Bain Piramal consortium was declared winner
Walmart finishes due diligence on Flipkart, may pay $10-12 bn for stake
07 Apr 2018
US retail giant Walmart has completed due diligence as it looks to take a stake of 51 per cent or more in the Indian company. Amazon too is reportedly weighing a rival offer, but Walmart appears a more likely suitor
SC clears Rcomm's sale of mobile business to Jio
05 Apr 2018
Centre may completely exit Air India, ask LIC to pick up stake
05 Apr 2018
Selling its residual stake in Air India, soon to be privatised, to state-owned Life Insurance Corp would help allay potential investors’ concerns about possible government interference in the airline’s operations
Amazon may make rival bid to buy Flipkart: report
04 Apr 2018
Online retail giant Amazon may submit an offer to buy Indian e-commerce firm Flipkart, which is currently in talks with Walmart Inc for a stake sale