M&A News

Flipkart Snapdeal merger: India's biggest e-commerce acquisition at risk as Azim Premji objects

Flipkart Snapdeal merger: India's biggest e-commerce acquisition at risk as Azim Premji objects

Flipkart Online Services Pvt.'s planned acquisition of rival Indian e-commerce provider Snapdeal has hit a snag that may put the deal in jeopardy, or at least substantially drive down Snapdeal's valuation from a previously agreed-upon $1 billion.

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

Creditor banks to India's Essar Oil approved the acquisition of the company by a group including Russia's Rosneft , two sources familiar with the matter said, removing a key hurdle to the $12.9 billion deal that has been in the works for two years ...and more »

India's Infosys Says Investigation Finds No Evidence of Wrongdoing

India's Infosys Says Investigation Finds No Evidence of Wrongdoing

MUMBAI — India's Infosys said on Friday an investigation it commissioned had found no evidence of wrongdoing in accusations by an anonymous whistleblower, releasing the findings a day before it holds its annual shareholders meeting. Infosys Ltd ...

Deals of the day-Mergers and acquisitions | Reuters

Deals of the day-Mergers and acquisitions | Reuters

The following bids, mergers,acquisitions and disposals were reported by 2000 GMT onThursday:and more »

Finance Ministry asks PSBs to explore acquisition of smaller banks

Finance Ministry asks PSBs to explore acquisition of smaller banks

The government in February had approved the merger of these five associate banks with SBI. Later in March, the cabinet approved merger of BMB as well. SBI first merged State Bank of Saurashtra with itself in 2008. Two years later, State Bank of Indore ...and more »

Is it better for India to have bigger but fewer banks?

Is it better for India to have bigger but fewer banks?

Restructuring of Indian banks through mergers and acquisitions had been recommended by various committees since 1972. Illustratively, the New Bank of India and Punjab National Bank, both PSBs, were merged in 1993. In 1998, the M Narasimham-led ...

Before Tatas buy Air India, a look at 5 bad decisions that led to national carrier's downfall

Before Tatas buy Air India, a look at 5 bad decisions that led to national carrier's downfall

The CAG report was critical of the UPA government's decision and observed that it would have been better to have worked out the merger before making the acquisition. In just five years, the combined Air India-Indian Airlines entity piled up a debt of ...

Former PE exec's blank cheque firm raises $125 mn to bet on Indian healthcare

Former PE exec's blank cheque firm raises $125 mn to bet on Indian healthcare

Constellation Alpha, which is incorporated in the British Virgin Islands, aims to focus on healthcare services and manufacturing businesses in India although it is not limited to a particular industry or region for purposes of acquisitions or mergers ...

Cross-border mergers make India favoured FDI route: UN report

Cross-border mergers make India favoured FDI route: UN report

New Delhi: Despite stagnant foreign direct investment (FDI) inflow of $44 billion in 2016, India will most likely remain most favoured destination due to its attractiveness among MNCs for cross-border mergers and acquisitions, a UN trade report has said.and more »

DBS sees opportunities from capital account opening in China, reform in India

DBS sees opportunities from capital account opening in China, reform in India

Then there is the opening of China's capital market, which would generate huge capital flows in and out the country, creating new opportunities for financial institutions in areas such as debt and capital raising and well as mergers and acquisitions ...