Page 2 - M&a
HSBC Holdings hires Credit Suisse's Chua for top M&A business in Asia
Credit Suisse Group AG's Christopher Chua is leaving the bank to help oversee the Asia mergers and acquisitions business at HSBC Holdings Plc
 "HSBC Holdings hires Credit Suisse's Chua for top M&A business in Asia")
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
 "Led by HDFC twins, India sees record $124-billion M&A deals in H1FY23")
Global banks slice and dice $80 bn in M&A debt that no one wants
In the case of the private-equity buyout of Citrix Systems, they're cutting the debt into smaller pieces to attract a wider pool of investors
 "Global banks slice and dice $80 bn in M&A debt that no one wants")
Holcim's sale of Ambuja Cement, ACC to be biggest exit of an MNC from India
Ambuja Cement ended Friday with a market capitalisation of Rs 73,836 crore while ACC closed the day with Rs 43,819 crore.
Holcim likely to seek exemption under India-Mauritius tax agreement
The India-Mauritius treaty was designed to attract foreign investments in the early 1990s when India's foreign exchange reserves were alarmingly low
 "Holcim likely to seek exemption under India-Mauritius tax agreement")
Elon Musk needs 'massive loan' or big Tesla stock sale to buy Twitter
The purchase isn't straightforward, but Musk has several financing paths.
 "Elon Musk needs 'massive loan' or big Tesla stock sale to buy Twitter")
Top headlines: HDFC-HDFC Bank mega merger, India's export boom explained
The Centre may increase the allotment of its shares in the IPO of LIC. More on that and other stories in our top headlines this morning.
 "Top headlines: HDFC-HDFC Bank mega merger, India's export boom explained")
Motilal Oswal gives 'buy' call for HDFC Bank, pegs target price at Rs 2K
Shares of HDFC and HDFC Bank rose as high as 14 per cent and 11 per cent, respectively, during the opening session on Monday.
 "Motilal Oswal gives 'buy' call for HDFC Bank, pegs target price at Rs 2K")
Bonds to IPOs: A hundred firms pull $45 bn of deals since war in Ukraine
These include initial public offerings, bonds or loans and acquisitions
 "Bonds to IPOs: A hundred firms pull $45 bn of deals since war in Ukraine")
Profits at large global banks set to fall sharply due to M&A slowdown
(Reuters) - Profits at the world's biggest banks are expected to fall for the first time in seven quarters, dragged down mainly by a slowdown in mergers and acquisitions (M&A) activity and a decline in equity and debt issuance deals.
 "Profits at large global banks set to fall sharply due to M&A slowdown")
Axis Bank set to buy Citi's India consumer business: Report
In April 2021, Citigroup announced its plan to exit from the consumer banking business in India as part of its global strategy
 "Axis Bank set to buy Citi's India consumer business: Report")
Netcore acquires 90% stake in Unbxd for $100 mn, plans IPO in a year
Netcore expects to close the current financial year with revenue of around USD 80 million and grow it to around USD 130 million by March 2024.
Sanjiv Goenka group scouts for retail, IT acquisition targets
The group, with $4 billion in annual revenues, is also scouting for targets in power utilities as well as IT-enabled services, where it has already bought three companies in the past 12 months
 "Sanjiv Goenka group scouts for retail, IT acquisition targets")
Zydus unit to acquire brand from US-based BridgeBio Pharma
The agreement further adds to company's portfolio of medicines for rare and orphan diseases
 "Zydus unit to acquire brand from US-based BridgeBio Pharma")
Spotify acquires 2 podcast tech companies Chartable, Podsights
With the acquisition of Podsights, Spotify will be able to help advertisers understand how podcast ads drive actions that matter to their businesses.
 "Spotify acquires 2 podcast tech companies Chartable, Podsights")
Cult.fit acquires Gold's Gym fitness chain in India, value of deal unknown
In December, food delivery company Zomato invested $100 million in Cult.fit, as part of a Series F fundraise of $150 million, making the health start-up a unicorn
 "Cult.fit acquires Gold's Gym fitness chain in India, value of deal unknown")
Persistent Systems acquires US-based Data Glove for $90.5 million
Established in 2010, Data Glove is a leading player in transformative consulting services and business solutions with total annual revenue for CY21 of $48.96 million and over 700 employees worldwide.
 "Persistent Systems acquires US-based Data Glove for $90.5 million")
Nvidia scraps $40 bn Arm deal in a huge blow to Big Tech: Report
According to a report in the Financial Times, citing sources, Nvidia will instead spend up to $1.25 billion to Arm owner SoftBank for failing to go through with the transaction.
 "Nvidia scraps $40 bn Arm deal in a huge blow to Big Tech: Report")
European Union steps up fight to fend off risky foreign takeovers
The new EU legislation on screening foreign investments emerged after increased political unease across Europe about Chinese acquisitions abroad.
 "European Union steps up fight to fend off risky foreign takeovers")
M&A to strengthen as IT services players try and differentiate: Study
Nasscom-EY study says overall deal activity may be at record levels over past few quarters after huge drop in Q2FY20. Deal volume and value of $297 bn in 2021 much higher than 2020 level
 "M&A to strengthen as IT services players try and differentiate: Study")
