Page 7 - Merger

JM Financial Home Loans, Indostar Capital Finance to explore merger

As of December 2022, JM Home had a loan book of Rs.1,181 crore and AUM of Rs. 1,272 crore with average ticket size of Rs 12 lakh and loan to value ratio of 55%

Ipca Laboratories to acquire 33% stake in Unichem for 1,034 crore

The acquisition is subject to the fulfilment of terms and conditions as per the share purchase agreement, and statutory approvals from the Competition Commission of India, the company added

JSW Group in talks with MG Motor, BYD India for electric vehicle push

MG Motor India unveiled its compact EV Comet, which has a range of 230 km per charge, last Wednesday

Favourable terms

Lower cost of funds will help HDFC Bank after merger

HDFC Bank garners record Rs 1.5 trillion deposits in a quarter

This is the highest in a three-month period since merger announcement with HDFC Ltd

Eye on expansion, Haldiram family to invest Rs 2,500 crore in 5 years

Mulls IPO upon the merger of Nodia, Nagpur businesses

Tata Capital Financial Services, Tata Cleantech to merge with Tata Capital

The boards of TCFSL and TCCL have also accorded their approval

First Citizens buys Silicon Valley Bank following a run on the lender

The lender said it will assume $56 billion in deposits and 17 legacy branches will begin operating Silicon Valley Bank, a division of First Citizens

US banking turmoil: Wipeout of risky bonds upends $275-billion market

UBS Group AG told Credit Suisse wealth bankers it's weighing financial sweeteners for them to stay as it seeks to reassure key staff following the takeover

Banking turmoil: Credit Suisse, UBS stocks see wild swings after deal

Credit Suisse nosedives 64%; UBS falls 15% in early trade but recovers later

HDFC twins' merger: RBI may take call on relaxations closer to date

Merger expected to be completed by this July

Top headlines: India Inc commits Rs 11.87 trn to AP, RBI fines Amazon Pay

Business Standard brings you top headlines at this hour

Singapore Airlines to get 25.1% stake in enlarged Air India group

The November 2022 deal will inject a further SGD 360 million ($267 million) into Air India; this agreement is still subject to regulatory approval

Merger with Sony will get stuck on insolvency proceedings, says ZEEL

The comments came as Zee's chief executive, Punit Goenka, on Thursday said in a statement that he expected a timely completion of a merger between Zee and Sony

Shares of HDFC Bank, HDFC rise nearly 2% as FPI legroom expands

The move will help increase the investment legroom in the merged entity, which could lead to higher passive flows from global index trackers, said analysts

Tata Coffee-Tata Consumer merger gives traders a shot at arbitrage

4% spread on offer; analysts bullish on long-term prospect of merged entity

No word from RBI yet on regulatory leeway for HDFC twins' merger

HDFC Bank let go of Rs 40,000 cr loans as pricing didn't match bond mkt rates

NCLT adjourns Zee Entertainment lenders' pleas against merger to Feb 2

The matter had come up in the NCLT court on Thursday, where IndusInd Bank, Axis Finance and IDBI Bank had sought permission to file applications to intervene in the proposed merger

PVR-INOX merger should get done by Feb next year: Director Siddharth Jain

'We would love to have more players entering the market because that is how the business will grow'

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