Page 5 - Mergers And Acquisitions
Authum Investment acquires Reliance Commercial Finance for Rs 1 crore
Authum Investment and Infrastructure on Friday acquired debt-ridden Reliance Commercial Finance Limited (RCFL) for Rs 1 crore. "This is to inform that the company has sold its holding in wholly-owned subsidiary RCFL to Authum Investment and Infrastructure Ltd in pursuance of the implementation of the resolution plan of RCFL in terms of the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions, 2019," Reliance Capital said in a regulatory filing. Authum Investment bought RCFL for a consideration of Rs 1 crore, it added. This is the first subsidiary of Reliance Capital, which has successfully undergone resolution. RCFL, which according to its website has been re-branded as Reliance Money, is a non-banking finance company (NBFC) with assets under management of Rs 11,000 crore. The company offers a wide range of financial products, including small and medium enterprise loans, loans against property, infra financing, agriculture loans and supply chai
 "Authum Investment acquires Reliance Commercial Finance for Rs 1 crore")
Radio phase-III rules may kick off M&As, see smaller players exit: Experts
Push into C&D category cities to aid growth; sector had shrunk to half its pre-pandemic market size of Rs 3,100 cr due to Covid-19 and other curbs over past two years
 "Radio phase-III rules may kick off M&As, see smaller players exit: Experts")
HSBC Holdings hires Credit Suisse's Chua for top M&A business in Asia
Credit Suisse Group AG's Christopher Chua is leaving the bank to help oversee the Asia mergers and acquisitions business at HSBC Holdings Plc
 "HSBC Holdings hires Credit Suisse's Chua for top M&A business in Asia")
Shriram Group lowers growth guidance for merged finance biz in FY23
To slash excess liquidity from a 6-month to 3-month level
 "Shriram Group lowers growth guidance for merged finance biz in FY23")
Over Rs 2,000-cr M&As may come under Competition Commission's purview
Amendments likely in 20-year-old Competition law
 "Over Rs 2,000-cr M&As may come under Competition Commission's purview")
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
 "Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia")
India defies global slump with a record $82 bn dealmaking spree in Q2
India saw $82.3 billion pending and completed M&A deals in the second quarter, the highest amount on record, according to data compiled by Bloomberg
 "India defies global slump with a record $82 bn dealmaking spree in Q2")
Global M&A braces for dry spell as boardrooms put expansion on hold
Russia's invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition (M&A) activity
 "Global M&A braces for dry spell as boardrooms put expansion on hold")
CEOs shift focus to sustainability and digital transformation: EY survey
The CEOs also recognise that data and innovation are critical for unlocking new paths to growth
 "CEOs shift focus to sustainability and digital transformation: EY survey")
A merger wave in media
A mix of history, the pandemic and its cascading effects are among the reasons for this action
Big M&As of digital businesses likely to come under CCI ambit soon
Several important deals in the digital space, like the Facebook-WhatsApp merger, have escaped CCI scrutiny due to current regulations
 "Big M&As of digital businesses likely to come under CCI ambit soon")
L&T Infotech, Mindtree slide up to 5% after merger announcement
Shareholders of Mindtree will receive 73 shares of LTI in exchange for 100 shares in the former.
 "L&T Infotech, Mindtree slide up to 5% after merger announcement")
Blockbuster M&As keep India's deal street buzzing despite market volatility
With deals crossing $105 bn in the first 4 months, experts believe 2022 could be a record year for M&As
 "Blockbuster M&As keep India's deal street buzzing despite market volatility")
Tata Group approaches CCI for merger between Air India and AirAsia India
The two combined entities, Air India and AirAsia India will have a 15.7% share of India's domestic passenger market.
 "Tata Group approaches CCI for merger between Air India and AirAsia India")
Investors guide to benefitting from increased M&A activity in India Inc
India Inc is witnessing aggressive merger and acquisitions. While this underlines their desire for inorganic growth, analysts are cautioning investors. Find out how investors can benefit from them.
 "Investors guide to benefitting from increased M&A activity in India Inc")
TMS Ep159: LIC IPO, Twitter anonymity, M&A, advanced chemistry cells
Should you take a slice of the LIC IPO pie? Will Elon Musk end anonymity on Twitter? How can investors benefit from M&A activities in India? What are advanced chemistry cells? Find all answers here
 "TMS Ep159: LIC IPO, Twitter anonymity, M&A, advanced chemistry cells")
Chemicals manufacturer Dorf Ketal to acquire Khyati Chemicals
According to sources in the chemicals industry, the deal could be worth anywhere between Rs 300 to Rs 400 crore
 "Chemicals manufacturer Dorf Ketal to acquire Khyati Chemicals")
Deal activity in India jumps 40% to record high in 2021, shows data
Despite the headwinds from the pandemic and other looming uncertainties, deal activity in India witnessed a record high in 2021 and surpassed pre-Covid levels
M&A to strengthen as IT services players try and differentiate: Study
Nasscom-EY study says overall deal activity may be at record levels over past few quarters after huge drop in Q2FY20. Deal volume and value of $297 bn in 2021 much higher than 2020 level
FDI flows to India drop 26% in 2021: UNCTAD
Global foreign direct investment flows showed a strong rebound in 2021, up 77% to an estimated $1.65 trn, from $929 bn in 2020, surpassing their pre-Covid level
 "FDI flows to India drop 26% in 2021: UNCTAD")