Page 2 - Merger And Acquisition

L&T Infotech and Mindtree receives approval for merger from NCLT

Creates India's sixth largest IT services and fifth largest in market cap

Viatris eyes $1 billion revenue from eye care acquisitions by 2028

Company has bought ophthalmology business of Taparia family-backed Famy Life Sciences

Reliance Retail to foray into salon business by acquiring Naturals: Report

With this, Reliance Retail will directly compete with Hindustan Unilever's Lakme and other brands like Geetanjali

CCI puts AGI Greenpac's acquisition of HNG on hold, seeks more details

On the CCI website, the notice filed by AGI Greenpac on September 27 regarding the acquisition, has been marked as 'Notice Not Valid'

Committed to Axis deal; will follow earlier methodology: Max Life CEO

Max Life and Max Financial Services are committed to going ahead with the deal with Axis Bank, which will see the latter acquire another 7 per cent stake in the life insurance company, said the CEO

Dealmaking activity severely hit in Sept qtr; down 66% by value: Report

Corporate deals, including mergers and acquisitions and venture funding, were down 66 per cent by value to USD 10.22 billion in the September quarter, a report said on Tuesday. By volumes, the deals were down by 25 per cent to 450 transactions during the quarter, as against 600 in the year-ago period and 317 in 2020, the report by Grant Thornton Bharat, a consultancy firm, said. Its partner Shanthi Vijetha said deal activity was impacted by the pandemic and the Russia-Ukraine conflict, and hoped for an upswing in activity in the time ahead. "A shift in policy focus towards infrastructure, manufacturing, land, labour reforms, financial services sector could cumulatively contribute to an upswing in the private sector," Vijetha said. The merger and acquisition side reported a 62 per cent fall in value to USD 4.864 billion during the quarter, while the same was down 30 per cent by volumes to 113 transactions, it said. The cross-border segment seemed to be the worst affected on the M&A

Multiplex chain PVR's shareholders approve merger with rival INOX Leisures

Multiplex operator PVR on Wednesday said it has received the nod from its shareholders for the scheme of merger with rival Inox Leisure. The leading cinema exhibitor convened a meeting of its shareholders on Tuesday following the directions of the Mumbai bench of the National Company Law Tribunal (NCLT) The proposal was passed by over 99 per cent of the number of valid votes cast, said the scrutiniser's report of the meeting shared by PVR. In June this year, both PVR and Inox Leisure said they had received clearance for their merger from bourses NSE and BSE. On March 27, PVR and Inox Leisure announced the merger to create the largest multiplex chain in the country with a network of more than 1,500 screens to unlock the opportunities in tier III, IV and V cities, besides in the developed markets. The combined entity will be named PVR INOX Ltd with the branding of existing screens to continue as PVR and INOX. New cinemas opened post the merger will be branded as PVR INOX, the compa

Warburg Pincus to acquire majority stake in MSME lender Vistaar Finance

NBFC has more than Rs 2,600 crore in AUM and it has some 200 branches

Todays Top Headlines: India's 5G spread, Prosus-BillDesk M&A deal, and more

Global telecom gearmaker Ericsson's senior vice-president Nunzio Mirtillo believes that India will see one of the fastest 5G adoptions in the world

Top headlines: PayU calls off BillDesk buy; Adani Group stocks crack

The Adani Group stocks had been major outperformers so far this calendar year, hence the current selling can be attibuted to profit-taking at these counters

Led by HDFC twins, India sees record $124-billion M&A deals in H1FY23

Bankers said the second half of the ongoing financial year will be led by government divestments

Bank of America expects IPOs in India to pick up within six months

Purohit expects mergers, acquisitions activity in India will continue to be strong, aided by consolidation in consumer facing industries such as financial services, consumer internet-based companies

Insurance industry will continue to see M&A deals, new entrants

Merger and acquisitions will continue to be a part and parcel of the insurance sector, which is a highly capital intensive sector and can accommodate new entrants with specialised skill sets having long-term vision. The past developments in this sector and recent decision of the Mumbai National Company Law Tribunal (NCLT) allowing merger of Exide Life Insurance with HDFC Life is an indication that entities without requisite expertise may quit the sector. In order to equip itself with the complexities of merger and acquisitions, the Insurance Regulatory and Development Authority of India (IRDAI) has started looking for consultants who can undertake valuation of state-owned and private sector insurers, and train its officials about valuation methodology and processes. Market players and analysts are of the view that the sector has significant potential for development and there will be new entrants in the insurance industry and also Merger and acquisition (M&A) deals. "The sector, ..

Holcim closes Ambuja Cement sale to Adani, gets $ 6.4 bn in cash

Divestment will help Swiss company become global leader in sustainable building solutions, says CEO

Edtech start-up upGrad acquires corporate training solutions firm Centum

Company led by entrepreneur Ronnie Screwvala is on an acquisition spree and last month bought Exampur, a test-prep provider for state jobs

Reliance Industries to acquire 79.4% stake in US-based SenseHawk for $32 mn

California-based SenseHawk, which was founded in 2018, is an early-stage developer of software-based management tools for the solar energy generation industry

Reliance Power, subsidiary to raise up to Rs 1,200 cr from Varde Partners

Debt will be used for settlement and discharge, acquisition and restructuring of financial instruments, says company

India's outbound deal value at $7.6 billion, rises for third year in a row

US upstages UK as biggest target for outbound deals in 2022

After Adani Group's acquisition, here's a look at the brief history of NDTV

NDTV was India's first private producer of news and current affairs shows. Founded by Radhika Roy and Prannoy Roy, it was incorporated on September 8, 1988, as New Delhi Television Private Limited

July witnesses sharp decline in M&A values, PE deals, says report

The start-up and IT sectors continued to dominate deal activity with nine deals each cumulatively valued at $162 million