M&A
Idea-Vodafone merger only a couple of nods away after NCLT clearance
13 Jan 2018
"The scheme is genuine, bona fide and in the interest of the creditors and the shareholders," said a bench of the NCLT, setting the stage for the creation of India’s biggest telco that will be well placed to take on Reliance Jio’s onslaught
Govt to go ahead with Air India stake sale
09 Jan 2018
The government will push ahead with the sale of stake in Air India and save taxpayer money rather than offer another package that will only deepen its debt
Toshiba sells Westinghouse to Canada’s Brookfield for $4.6 billion
06 Jan 2018
Bankrupt US nuclear firm Westinghouse Electric Co, which nearly brought its parent company Japan’s Toshiba on the brink of collapse, is being sold to Canadian buy-out firm Brookfield Business Partners
Kalanick to sell 29% of his stake in Uber amid SoftBank deal
05 Jan 2018
Former Uber Technologies Inc chief executive officer Travis Kalanick, who has long boasted that he has never sold any shares in the company he co-founded, plans to sell about 29 per cent of his stake in the ride-hailing company
Mukesh Ambani acquires RCom’s wireless assets to bail out brother Anil
29 Dec 2017
Reliance Jio will acquire 122.4 MHz of 4G spectrum in the 800/900/1800/2100 MHz bands, over 43,000 towers, 1,78,000 kilometres of fibre and 248 media convergence nodes in the deal
DLF completes Rs9,000-cr stake sale in rental arm to GIC
27 Dec 2017
With the closure of the deal, DLF promoters have received Rs8,950 crore from GIC and another Rs1,600 crore from the rental arm, DLF Cyber City Developers Ltd
Anil Ambani announces new debt resolution plan for RCom
27 Dec 2017
Without any loan write-off, under the new strategic debt resolution plan, RCom will be repaying up to Rs17,000 crore loans out of proceeds from monetisation of spectrum, tower and fibre assets
Reliance Infra to sell its Mumbai power assets to Adani for $2.93 bn
21 Dec 2017
The transaction marks Adani Group’s entry into the power distribution sector in Mumbai and an increase in the group’s footprint in the power transmission
Germany's Delivery Hero sells Foodpanda to Ola
20 Dec 2017
The deal involves the transfer of Foodpanda's India business to Ola in exchange for Ola shares, with Ola committing to invest $200 million in the new business