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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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