M&A
ITC shareholders approve demerger of hotel business
06 Jun 2024
Diversified group ITC Ltd on Thursday said 99.6 per cent of its shareholders approved the demerger of its hotels business which will be listed as a separate entity.
BHP proposes mining consolidation with Anglo American
11 May 2024
Australian mining giant Broken Hill Proprietary Company Limited (BHP) has proposed to take over smaller peer Anglo American in an all-share deal that values the company at $38.9 billion
LyondellBasell weighs divestment of European business
10 May 2024
Petrochemicals giant LyondellBasell is moving ahead with plans to divest its vast petrochemicals business in Europe, as part of the company’s plan to divest non-core assets.
Shell to sell Singapore refining and petrochem assets to Chandra Asri-Glencore joint venture
10 May 2024
British multinational oil and gas company Shell Plc on Wednesday said it has agreed to sell its entire stake in Singapore refinery and petrochemicals business to a joint venture between Indonesian
Spanish banks BBVA and Sabadell weigh $12.93 bn all-stock merger
07 May 2024
Spanish bank Sabadell on Monday said it is considering a proposal by larger peer BBVA for a Euro 12 billion ($12.93 billion) all-stock merger that would create the largest banking company in Spain.
Spanish banks BBVA and Sabadell weigh $12.93 bn all-stock merger
07 May 2024
Spanish bank Sabadell on Monday said it is considering a proposal by larger peer BBVA for a Euro 12 billion ($12.93 billion) all-stock merger that would create the largest banking company in Spain.
BP-Eni joint venture Azule acquires 42.5% stake in Namibia offshore oil bloc
06 May 2024
Azule Energy, an equal joint venture between BP and Italian oil major Eni for their Angolan business, has signed an agreement with Rhino Resources of Namibia for a 42.5 per cent interest in the country’s offshore oil bloc in the Orange Basin.
Novartis to acquire US-based Mariana Oncology in $1.75 bn deal
03 May 2024
Swiss drug maker Novartis has agreed to acquire US-based Mariana Oncology in a deal worth $1.75 billion, as the company seeks advance the development of precision treatment for cancer.
Chevron, Hess expect to complete merger this year despite dispute over Guyana oil bloc
30 Apr 2024
US multinational oil and gas company Chevron Corporation and its lesser peer Hess Corporation are reported to be going ahead with their planned merger despite arbitral proceedings launched by Exxon Mobil Corp over the ownership of Stabroek oil block in Guyana.
Elon Musk secures Baidu-Tesla deal on self-driving vehicles: report
30 Apr 2024
Tesla CEO Elon Musk is reported to have clinched a key deal with Chinese car maker Baidu for collaboration in self-driving vehicles, clearing the way for incorporating advanced assisted driving technology in Tesla vehicles.
UltraTech buys India Cement’s grinding unit, ups production capacity by 3 million tonnes
22 Apr 2024
Aditya Birla group company UltraTech Cement is acquiring a 1.1 million tonne grinding unit from India Cements for Rs315 crore. The acquisition of the grinding unit will add 3 million tonnes cement manufacturing capacity to UltraTech in Maharashtra - including 1.2 million tonnes at Parli and 1.8 million tonnes at Dhule.
British media group The Independent to acquire BuzzFeed’s UK operations
03 Apr 2024
British newspaper group The Independent is acquiring US-based online media BuzzFeed's operations in the UK and Ireland in a multi-year licensing deal, the companies announced on Thursday.
Aditya Birla Fashion to list Madura Fashion as separate entity
02 Apr 2024
Aditya Birla Fashion and Retail Ltd (ABFRL), the fashion retail business of the Aditya Birla Group, plans to demerge Madura Fashion & Lifestyle to form a separate listed entity.
Adani Ports acquires 95% stake in Gopalpur Ports for Rs1,349 crore
27 Mar 2024
Adani Ports & Special Economic Zone Ltd (APSEZ) has acquired 95 per cent stake in Gopalpur Ports Ltd (GPL) in Odisha, at an enterprise value of Rs3,989 crore.
Cisco gets EU approval for $28 bn deal to acquire Splunk
18 Mar 2024
Cisco Systems has secured antitrust approval from European Union regulators for its $28 billion deal to acquire cybersecurity firm Splunk.
ArcelorMittal to buy 28.4% stake in France’s Vallourec for $1 bn
14 Mar 2024
ArcelorMittal, the world’s second-largest steelmaker, on Tuesday said it will acquire a 28.4 per cent stake in French steelmaker Vallourec, for around 955 million euros ($1.04 billion), to expand its tubular products portfolio.
Aditya Birla Capital to merge subsidiary Aditya Birla Finance
12 Mar 2024
The boards of directors of Aditya Birla Capital Ltd and its wholly-owned subsidiary, Aditya Birla Finance, have approved a scheme of amalgamation of the two companies to create a larger non-banking finance company (NBFC).
UK weighs changes in law to prevent takeover of the Telegraph by UAE-backed group
12 Mar 2024
The British government is reported to be weighing legislative remedies to the possible takeover of the Telegraph Media Group by UAE-backed investor RedBird IMI, amidst political and professional opposition to the change of guard.
Accenture acquires Udacity, launches AI learning platform LearnVantage
07 Mar 2024
Accenture on Wednesday announced the acquisition of learning platform Udacity and the launch of an AI-focused learning platform, LearnVantage, as part of its capacity building efforts.
Vitol to acquire 35% of Saras from Morati family
06 Mar 2024
Dutch commodity group Vitol BV will acquire about 35 per cent of Saras SpA, a company engaged in the distribution of oil and gas products in Europe, from the Moratti family for €1.75 per share.
C-DOT, Qualcomm team up to stimulate India’s telecom ecosystem
04 Mar 2024
Centre for Development of Telematics (C-DOT), a research institution under the ministry of telecommunications, has signed a memorandum of understanding with Qualcomm Technologies Inc for the development of innovative communication technologies.
RIL to acquire 61% stake in Walt Disney India: report
28 Feb 2024
Walt Disney is reported to have agreed to sell 61 per cent of its India business to Viacom 18, the media arm of Reliance Industries Ltd, in what is seen as a major development in the Indian media and entertainment industry.
NCLT approves Hinduja Group’s Rs9,861-cr offer for Reliance Capital
28 Feb 2024
The National Company Law Tribunal (NCLT) has approved a Rs9,861-crore offer by Hinduja Group company IndusInd International Holdings Limited (IIHL) to take over the assets of bankrupt financial services company Reliance Capital.
Tata Steel completes merger of 5 businesses, shelves TRF merger plan
08 Feb 2024
Tata Steel on Wednesday announced the merger of five strategic businesses of the group with itself as part of an integration process aimed at simplifying business portfolio.
Manipal Group’s Ranjan Pai saves Byju’s from certain collapse
01 Feb 2024
Beleaguered edtech pioneer Byju’s seems to have found a white knight in Manipal Education and Medical Group’s (MEMG) Ranjan Pai, who has acquired a 40 per cent stake in Byju-owned Aakash Institute.
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Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation