Page 11 - Merger And Acquisition

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

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