Page 10 - Merger

Sony-Zee merger can hurt competition, scrutiny needed, says CCI: Report

Zee in a statement said it continues to take all the required legal steps to complete all the necessary approval processes for the proposed merger

CCI clears proposed merger of JSW Ispat, Creixent with JSW Steel

Fair trade regulator Competition Commission of India (CCI) on Thursday approved the proposal to merge Creixent Special Steels and JSW Ispat into JSW Steel. In May, JSW Steel announced the merger deal. JSW Steel and JSW Ispat are into manufacturing and sale of steel products while Creixent Special Steels (CSSL) is in the business of holding investments. In a tweet on Thursday, CCI said it has approved the "amalgamation of Creixent Special Steels and JSW Ispat Special Products with and into JSW Steel". Separately, the watchdog has cleared the proposed acquisition of Varmora Granito Pvt Ltd and other entities by the Carlyle Group entity Katsura Investments. The combination involves Katsura's Investments' acquisition of up to 40 per cent stake in the Varmora Granito Pvt Ltd along with acquisition of certain rights in the company and certain other target entities. The regulator has approved the "acquisition by Katsura Investments in Varmora Granito Pvt Ltd and certain other entities;

Competition Commission of India approves merger of HDFC Bank, HDFC Ltd

The proposed combination envisages the merger of HDFC Investments and HDFC Holdings with HDFC Ltd in the first step and subsequently, the merger of HDFC Ltd into HDFC Bank.

One Nation One Entrance: UGC plan to merge NEET, JEE into CUET UG Exam

UGC might introduce a common entrance exam for NEET and JEE, named CUET for entrance into undergraduate courses. The objective of this exam is to reduce pressure and have one exam instead of three

Centre cites policy to reject union's proposal to merge RINL with SAIL

Public sector undertakings (PSUs) in non-strategic sectors shall be considered for privatisation, or they shall be closed, said Minister of State Finance Bhagwat Karat in Rajya Sabha.

Zee-Sony merger gets BSE, NSE nod after agreement signed last December

Merged entity to retain Zee's stock market listing, though Sony would provide large cash injection and hold 51% stake

Allsec Technologies to merge with Quess Corp in an all stock deal

Upon the scheme becoming effective, all the subsidiaries of Allsec will become subsidiaries of Quess.

Mega merger: LTIMindtree to join the big league with scale and ambition

Upon the scheme becoming effective, Mindtree shareholders get shares of LTI in the ratio of 73 shares of LTI for every 100 shares of Mindtree

Lupa-Viacom18 deal: Murdoch's re-entry may see a bigger foray into sports

Last week, Bodhi Tree Systems, an arm of James Murdoch's Lupa Systems, announced that it will be picking up a 40 per cent stake in Viacom18 for Rs 13,500 crore

Govt-owned insurers go for organisational rejig, look for consultants

Four general insurers have decided to restructure the organisation towards profitable growth and have called for Request for Proposal (RFP) from consultancy firms

L&T Infotech and Mindtree merger to start on strong foundation: Analysts

L&T Infotech and Mindtree merger: Keeping in mind strong growth momentum, analysts tracking the sector were not too confident if this would be the right time to go in for a merger.

MRPL surges 13% on heavy volumes; stock zooms 58% in April

The stock hit over three-year high of Rs 65.45, after rallying 13% on the BSE in Wednesday's trade, on the back of heavy volumes.

L&T Infotech, Mindtree may be merged to create $22-billion firm

For L&T, this merger ties in with the group's vision of becoming more services-oriented

HDFC twins merge in $40-billion deal: The making of a behemoth

The merged entity would be the second-biggest in terms of m-cap (Rs 14.05 trillion), ahead of TCS but behind RIL

HDFC, HDFC Bank combined m-cap topples TCS' on merger announcement

Mirroring the rally in the stock, market capitalisation of HDFC zoomed to Rs 4,85,691.18 crore

Baroda BNP Paribas MF's Suresh Soni on markets and more

Baroda Mutual Fund and BNP Paribas Mutual Fund recently merged to become Baroda BNP Paribas Mutual Fund. Its CEO Suresh Soni spoke to Krishna Veera Vanamali on markets and the mutual fund industry

Adani Power board okays merger of six wholly-owned subsidiaries

Adani Power on Tuesday said its board has approved an amalgamation scheme for the merger of its six wholly-owned subsidiaries with itself.

Legal merger of Shriram Group firms to happen by Sep, Oct: YS Chakravarti

Demand is definitely coming back, said Chakravarti

Curefoods-Maverix merger creates India's second largest cloud kitchen firm

The merger will also take Curefoods' market presence to 125 kitchens across 12 cities catering to over 10 cuisines

Palihapitiya's SPAC to merge with ProKidney in $2.6 billion deal

Social Capital Suvretta Holdings Corp. III and ProKidney will have a combined equity value of $2.64 billion, the companies said.