Page 4 - Mergers & Acquisitions

Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia

As part of the acquisition strategy, upGrad Rekrut, a 100 per cent subsidiary of upGrad, has acquired Wolves India, a recruitment and staffing firm, for an undisclosed amount

At $30.3 bn, M&As hit four-year high in March quarter

Mergers & acquisitions started off on a strong footing, hitting a four-year high at USD 30.3 billion in the first quarter of 2022, bucking the global trend where deal-making fell sharply, says a report. Deal activity grew by 5.6 per cent in value terms in January-March 2022 compared to the first quarter of 2021, making it the highest first-quarter period since 2018 when it was USD 31.1 billion. In volume terms, the M&A activity grew 29.6 per cent in the first quarter of 2022, making it the best-ever quarterly number, according to the M&A numbers collated by Refinitiv, an LSEG business, which is among the world's largest providers of financial markets data and infrastructure. M&As involving domestic companies stood at USD 23.7 billion, down 8.3 per cent on year. Domestic M&As declined 24.5 per cent to USD 12.1 billion, and inbound M&As grew by 17.9 per cent to USD 11.6 billion, which is the highest first-quarter period since 2017. The US was the most active ...

Zee Entertainment board clears media firm's mega merger with Sony

ZEEL's current CEO and managing director, Punit Goenka, will lead the combined company

India's mergers & acquisitions volume in 2021 near all-time high: Report

There were 85 strategic deals valued at more than $75 million in 2021, out of which the percentage of first-time buyers is almost 80 per cent

Sebi amends delisting rules to make M&A transactions more convenient

Sebi has amended rules pertaining to delisting of equity shares of a company following an open offer as part of efforts to make merger and acquisition transactions for listed companies more convenient

India companies seal 181 deals worth $13.2 billion in July: Report

India Inc recorded 181 deals amounting to $13.2 billion in July 2021, according to Grant Thornton Bharat's 'Dealtracker'.

BankAm's i-bankers continue to pull off deals for India Inc amid Covid-19

BankAm topped Dealogic's league tables for equities at $2.8 billion in deals (followed by ICICI Securities at $2.4 billion and JP Morgan, or JPM, at $2.4 billion) for FY21

Global mergers and acquisition surges to record high for 3rd straight month

(Reuters) - Global mergers and acquisition (M&A) activity hit a record high for the third straight month in May, driven mainly by low interest rates, soaring equities and higher dealmaking interest in sectors that have received a boost from the COVID-19 pandemic.

M&As rise 8% to $32.3 billion till April despite Covid-19 wave: Report

A massive 133% jump in the proceeds from initial public offerings (IPOs) has seen the deal street on a near roll in spite of the raging second wave of the pandemic

M&A deals move into slow lane as investors worry about Covid fallout

Bankers say sale of Lavasa Corp, currently under bankruptcy, and RCap and Reliance Naval deals will be delayed, as bidders are re-thinking plans

Merger of TV18 Broadcast, Hathway, Den Networks into Network18 called off

Considering that more than a year has passed from the time the board considered the scheme, it has decided to not proceed with the arrangement envisaged in the scheme, Den said in a statement

JSW Steel completes acquisition of 31% stake in Italy's GSI Lucchini SpA

JSW Steel's Italian subsidiary has completed the acquisition of remaining 30.73 per cent stake in GSI Lucchini SpA of Italy for one million euros

BlackRock, Mustier's blank-check firm eye Credit Suisse fund management arm

ZURICH (Reuters) - BlackRock and Jean-Pierre Mustier's blank-check firm are among investors expressing interest in Credit Suisse's asset management arm, three sources told Reuters, as the Swiss lender explores options for the unit after a run of costly scandals.

Changes in tax norms on slump sale deals may lead to litigation for firms

Changes will impact several M&A transactions, including internal restructuring by companies which were signed since April 2020.

Majesco shares soar 5% to end at Rs 66.6 on Aurum Ventures acquisition

Aurum will pay Rs 77 per share in cash to Majesco's promoters to acquire their 14.78 per cent stake

Blackstone in talks to acquire a minority stake in Sify Technologies

Sify's American depositary receipts rose 6.7 per cent in pre-market trading on Friday in the US. The company had a market value of about $484 million as of Thursday

Goodyear acquires Cooper in $2.5 billion all-American tire deal

Two of the biggest remaining American tire companies are joining forces

Budget 2021: Significant impact on past and future M&A transactions

Five ways in which FM Nirmala Sitharaman's announcements will change the tax dynamics of merger & acquisitions and corporate restructuring in the country

Wipro Q3 net profit rises 21%, profitability at 22-quarter high

Dollar revenue growth highest in 36 quarters; firm has given an bullish outlook on revenue growth of 1.5-3.5 per cent for the March quarter

Time ripe for M&A in financial services

Financial services have been a mainstay for the broader M&A markets across cycles in India