Page 2 - M&as In India

Tata Communications acquires 58.1% stake in eSIM company Oasis

Tata Communications has acquired a controlling stake in France-based eSIM company Oasis Smart SIM Europe SAS (Oasis)

Thanks to Reliance, Deal Street grows 7% in value to $80 bn in 2020: Report

Despite the coronavirus pandemic and the resultant ravaging of the global economy, the Deal Street managed to grow 7 per cent in 2020 over 2019 to about USD 80 billion across 1,268 transactions, thanks to a string of big-ticket deals by Reliance, according to a report. More than a third of the total deal came through Reliance -- into Jio Platforms and Reliance Retail, according to the data collated by PwC India. While Reliance Jio attracted FDI worth USD 10.2 billion led by Facebook, Reliance Retail also got billions in foreign direct investment (FDI) in the second half. All other FDIs put together totalled just USD 3.2 billion. Merger and acquisitions (M&As) accounted for over 50 per cent of the total deal value this year, while private equity (PE) activity kept pace with last year, recording investments worth USD 38.2 billion, which is same as in 2019, says the report which said the numbers pertain to January 1 and December 7. Excluding the big-ticket deals in the telecom ...

Lakshmi Vilas customers to get all services; interest rates unchanged: DBS

The amalgamation of Lakshmi Vilas Bank into DBS Bank India came into effect from November 27

Reliance offers Amazon $20-billion stake in retail arm: Report

The report comes a day after RIL announced that US private equity firm Silver Lake Partners would buy a 1.75 per cent stake in Reliance Retail for Rs 7,500 crore

Cash-rich Indian IT services companies go aggressive in M&A space

As capital allocation is altered, dividend payout to dip in the ongoing financial year

Bhushan Power acquisition: JSW Steel likely to pay Rs 19,700 cr by March 15

On Feb 17, NCLAT had permitted JSW Steel to acquire the bankrupt company and granted it immunity from prosecution by the Enforcement Directorate

M&A deals in April see 96 per cent decline to $735 million: Report

According to a report by consultancy Grant Thornton, in April last year, the total M&A deal value stood at $19,142 million

ICICI Securities selected to advice Finance Ministry on two M&A deals

ICICI Securities has been selected to advise the Finance Ministry on two merger and acquisition (M&A) deals, an official said. Six firms -- Ernst & Young LLP, Deloitte Touche Tohmatsu, ICICI Securities, IDBI Capital Market and Securities, SBI Capital Markets and RBSA Capital Advisor LLP -- had made presentations before the Department of Investment and Public Asset Management (DIPAM) on November 26. "ICICI Securities has been selected as an advisor on two merger and acquisition deals to be done by the Finance Ministry," an official said. The selection of the advisor would help DIPAM cut down the procedural time for going ahead with M&A once the companies are finalised. "Once the companies are finalised, the advisor can start due diligence process which will help save time," the official added. The DIPAM is racing against time to meet the Rs 80,000-crore disinvestment target. So far this fiscal, it has raised over Rs 32,000 crore from minority stake sale in CPSEs and ...

M&As drive private equity exits to $24 bn surpassing last year's $14.4 bn

PE exits have increased despite the currency fluctuation and current market conditions.

2018 may see $50 bn in M&As on back of stressed assets, says Assocham

India is likely to see mergers and acquisitions (M&A) worth USD 50 billion in 2018 on the back of plenty of stressed corporate assets on offer at tempting valuations, according to a report. The Assocham Year Ahead Outlook observed that India's M&A transactions witnessed a quantum jump of 170 per cent in valuations and over 70 per cent in the number of transactions in the year gone by on the basis of various estimates. According to different data compilations, there were a total of 944 transactions (664 domestic and 280 cross-border) in 2017 worth USD 46.5 billion (USD 13.1 billion domestic and USD 33.4 billion cross-border), said the chamber. This was against a total of 553 transactions (358 domestic and 195 cross-border) worth USD 17.5 billion (USD 7.2 billion domestic and USD 10.3 billion cross border) in 2016. The chamber pointed out that there has been a quantum leap in M&A transactions in India with more focus on sectors such as healthcare, telecom, ...