Page 6 - Merger

Zee-Sony merger may be called off, termination notice to be filed by Jan 20

Discussions are still ongoing between the two sides and a resolution can still emerge before the deadline

Merger with Congress: YS Sharmila to meet AICC leadership in Delhi on Jan 3

Y S Sharmila, founder of YSR Telangana party, will travel to Delhi on Wednesday to finalise the merger of her party with the Congress, sources here said on Tuesday. Sharmila, who chaired her party meeting today, said she and other leaders will meet the top leadership of the Congress including AICC President Mallikarjun Kharge and Rahul Gandhi and make a "crucial" announcement in Delhi tomorrow. Sharmila is the daughter of former chief minister of undivided Andhra Pradesh, the late Y S Rajasekhara Reddy, and younger sister of Andhra Pradesh chief minister Y S Jagan Mohan Reddy. Sources told PTI that Sharmila will be given a post in Congress at the national level and is likely to be made in-charge of elections for Southern states after the merger of YSRTP with Congress. Everything will be clear in one or two days. Please be patient, she told reporters after the meeting, when asked. The Congress leadership assured Sharmila that her colleagues in Telangana will be suitably placed, the

Tata Coffee, Tata Consumer Products merger to be effective from January 1

Tata Coffee will merge with Tata Consumer, TCPL Beverages on January 1, the company said in its exchange filing on Thursday

Zee, Sony enter into discussion on extension of deadline to complete merger

Sony Group Corp and Zee Entertainment Enterprises Ltd have entered into a discussion to extend the deadline for merging their India operations, keeping hopes alive of creating a $10 bn media behemoth

Why large consumer brands have a lot at stake in Disney, Sony deals

The first of these two transactions may come as early as Monday and would see Walt Disney Co. enter into a non-bidding agreement with Mukesh Ambani to merge their media businesses in the country

Woodside in talks with Santos to form $52 billion Australian gas giant

Santos says it's exploring a range of alternative structural options

L&T Finance announces completing merger of 3 subsidiaries with itself

Merger will create "sustainable value" for stakeholders and help governance, says NBFC

Sony-Zee merger risks collapse ahead of its deadline over CEO drama

Zee is insisting that its Chief Executive Officer Punit Goenka - also its founder's son - will helm the new entity, as agreed in the pact signed in 2021, while Sony is wary of his appointment

Zee-Sony India merger talks stall over disagreement on leadership: Report

A failure to reach an agreement on leadership by December 21 may derail the merger, a news report said.

Microsoft-Activision takeover emboldens merger traders to boost rally bets

The traders that wager on these deals, known as merger arbitrageurs, aren't confident that every announced acquisition will happen, but are growing more hopeful about many

Neuberg Diagnostics completes ARL, Supratech merger, IPO in works

Neuberg Diagnostics Pvt Ltd has completed the merger of Neuberg Supratech Reference Laboratory, Ahmedabad, and Neuberg Anand Reference Laboratory, Bengaluru, thereby setting the ball rolling for its IPO plans, the company said on Wednesday. With a strategic vision to streamline operations and enhance efficiency, the merger brings together two entities under Neuberg Diagnostics Pvt Ltd. The merger also paves the way for Neuberg Diagnostics' launch of its Initial Public Offering (IPO) by 2024 or 2025, a company statement here said. "This merger marks a significant step forward in our journey to provide unparalleled healthcare solutions. By integrating these renowned laboratories, we reinforce our commitment to delivering excellence in diagnostics and patient care," said Neuberg Diagnostics Chairman and Managing Director GSK Velu. As a result of the acquisition, the group gross revenue of Neuberg Diagnostics is expected to be over Rs 1,000 crore during the current financial year. The

CCI approves Air India-Vistara merger, subject to certain conditions

CCI has not issued an order on this matter yet. As per official sources, it is expected to issue an order after one month

NCLT approves Zee Entertainment-Sony India merger, dismisses all objections

In December 2021, Zee Entertainment and Sony Pictures reached an agreement to combine their businesses, and both companies approached the tribunal to seek approval for the merger

HDFC Bank to replace HDFC Ltd on MSCI Global indexes from July 13

Still, HDFC Bank's shares are up 2% so far this year, while HDFC's shares have gained 5%, but are both underperforming the blue-chip Nifty 50, which is up 6.8%

HDFC merger may lead to 300 bps deceleration in credit demand: Report

The USD 40-bllion merger of the HDFC twins may lead to a 300-basis points deceleration in credit off-take to 13-13.5 per cent this fiscal from a tad over 15 per cent last fiscal, a report said. Credit off-take grew 15.4 per cent on-year to Rs 140.2 lakh crore for the fortnight to June 16, driven by personal loans and lending to non-banks, up from 13.2 per cent a year ago. Meanwhile, deposits also saw a healthy growth at 12.1 per cent on-year in the same fortnight partly supported by the withdrawal of the Rs 2,000 bank notes. This had the spread between credit and deposits growth dropping to 337 basis points (bps) in the reporting fortnight from 875 bps in November 2022, which was the largest in recent years, Care Ratings said in a note. In absolute terms, for the trailing 12 months, deposits expanded by Rs 20 lakh crore while incremental credit expanded by Rs 18.7 lakh crore from Rs 14.1 lakh crore, the note said. Even though forecasting for a healthy growth in demand for credit,

HDFC, HDFC Bank merger effective July 1; HDFC shares delisting on July 13

Deepak Parekh said that HDFC Bank has assured them that "each and every employee of HDFC under age of 60" will be absorbed and their salaries will not be reduced

Vodafone, Three to merge UK telecom operations to capitalize on 5G rollout

Two of the UK's biggest mobile phone operators agreed Wednesday to merge their businesses to capitalise on the rollout of next-generation 5G wireless technology in the country. The tie-up of Vodafone UK and Three, which is owned by Hong Kong's CK Hutchison, will create Britain's biggest mobile phone player, with a market value of around 15 billion pounds (USD 18.75 billion). Vodafone will account for 51 per cent of the merged firm, with CK Hutchison owning the rest. The groups said the merger will help them compete with their rivals on 5G technology. Vodafone CEO Margherita Della Valle described the deal as a game-changer for the company's home market. It's transformative as it will create a best-in-class indeed best-in-Europe 5G network, offering customers a superior experience," she said. The companies said they are aiming to complete the deal by the end of 2024.

Microsoft's planned Activision Blizzard merger temporarily blocked by judge

Microsoft's planned USD 69 billion purchase of video game company Activision Blizzard was blocked by a federal judge Tuesday, giving more time for an antitrust review of the deal. U.S. District Judge Jacqueline Scott Corley in San Francisco ruled in support of a temporary restraining order sought by the Federal Trade Commission that will stop Microsoft from closing the deal. In a court filing Monday, the commission had sought both a restraining order and injunction to stop Microsoft's acquisition of the California company behind hit games such as Call of Duty, World of Warcraft and Candy Crush Saga. Microsoft, maker of the Xbox game system, has spent months trying to win worldwide approval for the merger. While a number of countries have approved the acquisition, regulators for two important economies the U.S. and the U.K. have taken action to stop it, arguing it could suppress competition in the video game market. The judge said her order temporarily blocking the deal is necessa

India set for $168 bn behemoth as HDFC merger to be completed by 20 July

Announcement of the so called 'record date' - or the cut-off day set for investors - for the swapping of shares of Housing Development Finance Corp. for HDFC Bank Ltd

Inox Wind Energy soars 19% on board's nod for merger with Inox Wind

The board approved swap ratio for the merger - around 158 equity shares of Inox Wind will be issued for every 10 equity shares of Inox Wind Energy