Merger And Acquisition

Butterfly Gandhimathi slips 5% on merger with Crompton Greaves Consumer

Crompton Greaves will issue 22 fully paid up shares of Rs 2 each for every five fully paid up shares of Rs 10 each of Butterfly

With a 38% jump, India's M&A activity touched all-time high in 2022

Outbound M&A activity increased 31.6% year-on-year to hit $9.8 billion

CCI approves acquisition of 100% equity share capital of L&T IDPL, KTL

The Competition Commission of India (CCI) approved the acquisition of 100 per cent of the equity share capital of L&T Infrastructure Development Projects Limited (L&T IDPL) and Kudgi Transmission Limited (KTL), by Epic Concesiones Private Limited (ECPL) and Infrastructure Yield Plus II (IYP II), respectively, under Section 31(1) of the Competition Act, 2002.

Dealmakers in India should expect another strong year for M&As: JPMorgan

It's unlikely for the country to repeat such a high mark this year, there will be decent deal flow to keep the bankers busy, said Nitin Maheshwari, JPMorgan's head of M&A for India

A question of quorum

Understrength CCI undermines business climate

Compass Group's Elior India acquisition stalled due to governance glitches

The tribunal directed Elior India to deposit Rs 9 crores as interim relief for dues payable to the former CEO Sanjay Kumar should it decide to proceed with the sale

Competition Commission to invoke 'doctrine of necessity' for M&A deals

In a significant move, the Competition Commission in the absence of requisite quorum will soon invoke the 'doctrine of necessity' principle to examine merger and acquisition deals, according to sources. Currently, the Competition Commission of India (CCI) has only two members and the post of Chairperson is vacant since Ashok Kumar Gupta retired on October 25, 2022. For examining mergers and acquisitions, also known as combinations in the CCI parlance, the fair trade regulator needs a quorum of three members. Since there is a lack of quorum, many deals are awaiting approvals. Against this backdrop, the sources said that Attorney General R Venkataramani has given a favourable opinion to the corporate affairs ministry with respect to the CCI invoking the 'doctrine of necessity' for examining combinations. Generally, the 'doctrine of necessity' allows carrying out certain activities which are not permitted in the normal course. The corporate affairs ministry is the administrative mini

Budget 2023: GIFT City gets a big boost as govt announces several sops

The Budget provided acquisition financing by units of foreign banks set up at the IFSC-a move that will bring down the cost of financing for outbound mergers and acquisitions (M&A)

India bucked slowdown to emerge as global M&A hotspot in 2022: Report

In the country's fourth straight year of a steady increase in strategic M&A, deal volumes hit record levels and deal value rose by 139% in 2022

Will this year's record M&A show continue in 2023?

This year India Inc clinched its highest-ever mergers and acquisitions, beating the previous record of 2021. What were the factors that led to this year's stellar numbers? How will 2023 play out?

Tatas, SIA pumped Rs 650 crore into Vistara ahead of announcing merger

The airline, a 51:49 joint venture of the Tatas and Singapore Airlines, has seen infusion of at least Rs 9,900 crore as equity after its birth in 2015

From deals and innovations to mass layoffs, 2022 was marked by contrasts

For flyers, this was a turbulent year, with many airlines facing technical snags - from bird hits to smoke inside the plane

EU probing $61 billion acquisition of software firm VMware by Broadcom

The European Commission has opened an in-depth investigation to assess the proposed acquisition of enterprise Cloud software company VMware by Broadcom

Buy a brand or build a brand?

One simple reason why companies acquire brands (and businesses) is because that is an easy way to show growth. But the cost can be huge

Ramkrishna Forgings to acquire up to 51% stake in TSUYO Manufacturing

Ramkrishna Forgings on Thursday said its board has approved a proposal to acquire up to 51 per cent stake in TSUYO Manufacturing. The company did not disclose the deal size. A decision in this regard was taken by the company's board at a meeting on Wednesday, Ramkrishna Forgings said in a statement. "The board of directors of Ramkrishna Forgings has approved an investment to acquire up to 51 per cent voting rights of TSUYO, a Make-In-India startup company engaged in powertrain solutions for electric vehicles," it said. This proposed investment will help TSUYO enhance its product portfolio and expand its facilities for manufacturing of motors, controllers, e-axles, and differentials. "This strategic investment will enable us to further advance our commitment to supporting the growth of electric vehicles in India and beyond. This acquisition will significantly improve our capabilities and expand our market share in the evolving EV segment," Lalit Khetan, Whole-time Director and CFO,

At $171 billion in 2022, India Inc clinches highest ever yearly M&As

Domestic deals to fuel M&As in the new year as global slowdown looms

V-Guard Industries to acquire Sunflame Enterprises for Rs 660 crore

Deal likely to close by mid-Jan 2023, will be funded by mix of internal accruals and debt

CIEL Group makes 'strategic investment' in Next Leap Career Solutions

City-based CIEL Group has made a strategic investment in Next Leap Career Solutions Pvt Ltd by signing a definitive agreement to acquire 100 per cent equity stake in tranches, the company said on Sunday. The acquisition is part of the strategic vision of the company to expand its offering in the human resource services space. "With this acquisition, CIEL Group strengthens its position further as a workforce solutions company leveraging technology," said a company statement. Pi Capital and Legalogic are advisors of Next Leap Career Solutions, while NovoJuris represents CIEL Group in this deal. However, the company did not disclose the value of the deal. CIEL (HR services) managing director Aditya Narayan Mishra said, "This acquisition, in line with our IPO plans, is part of our strategic vision to expand our technology-led offerings in the HR services domain." "It will complement our existing subsidiary Integrum Solutions operating in HR technology space and will help us expand ou

Gland Pharma to acquire French firm Cenexi Group for Rs 1,000 crore

Will fund transaction from internal accruals

HSBC Asset Management Company completes acquisition of L&T Mutual Fund

L&T Finance Holdings said it has received Rs 3,485 crore from HSBC AMC as sale proceeds