M&A
Vijaya Bank, Dena Bank to function as Bank of Baroda from Monday
01 Apr 2019
Customers of Dena Bank and Vijaya Bank may get new passbooks, cheque books, debit and credit cards, and even new account numbers and customer IDs
Saudi Aramco to buy 70% stake in SABIC for $69 billion
29 Mar 2019
The transaction, while helping to enhance Saudi Aramco’s downstream capacity and expanding the market for SABIC, will unlock significant capital for Saudi wealth fund PIF’s continued long-term investment strategy
Tata, GIC and SSG Capital to buy 45% in GMR Airports for Rs8,000 cr
27 Mar 2019
At closing, GMR Infrastructure Ltd and its subsidiaries will hold 54 per cent stake in GMR Airports Ltd, Tata will hold 20 per cent, GIC 15 per cent and SSG will hold 10 per cent stake
Inmarsat gets $3.3 bn takeover offer from buy-out funds
26 Mar 2019
The transatlantic consortium of private investment funds includes Apax Partners LLP of the UK, Canada Pension Plan Investment Board, Ontario Teachers’ Pension Plan Board and Warburg Pincus International LLC of the US
Jet Airways founder-chairman Naresh Goyal steps aside
25 Mar 2019
Twenty-five years after founding Jet Airways, Naresh Goyal and his wife Anita Goyal will exit the board of the airline, allowing lenders led by State Bank of India to infuse Rs1,500-crore funds into the beleaguered carrier
Mindtree board rejects L&T’s Rs10,733-cr hostile bid
19 Mar 2019
The board of Mindtree said they saw no strategic advantage in the transaction and believed that it would be “value destructive for all shareholders,” but said it would deliberate over the L&T proposal tomorrow
Co-founder Bagchi returns to save Mindtree from L&T’s takeover bid
18 Mar 2019
Larsen & Toubro is reported to be now offering as much as Rs7,000 crore for a 20.4 per cent stake in Mindtree, currently held by its largest shareholder V G Siddharth, against its earlier offer of about Rs3,000 crore
Brookfield to acquire RIL’s East-West pipeline for Rs13,000 crore
15 Mar 2019
RIL, however, will continue to stay invested in the East-West pipeline with preference shares valued at Rs4,000 crore converted into equity at the end of 20 years, and will be entitled to a significant participation in its net earnings
GE to sell biopharma business to Danaher for $21.4 billion
26 Feb 2019
The reversal of an earlier decision not to sell the biopharma business will accelerate GE’s strategy to reduce leverage and strengthen its core healthcare businesses thereby strengthening its balance sheet
Hindalco tapping bank funds to finance acquision of Aleris Corp
14 Feb 2019
The acquisition of Aleris will provide Hindalco access to high-growth sectors, including automotive and transportation, and help enter the aerospace and defence sectors
Euronext hints at sweetening offer for Oslo Bors
06 Feb 2019
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