M&A News

LIC board approves acquisition of up to 51% stake in IDBI Bank

LIC board approves acquisition of up to 51% stake in IDBI Bank

The board of Life Insurance Corporation of India on Monday approved the acquisition of up to 51 per cent stake in debt-ridden IDBI Bank. Economic Affairs Secretary Subhash Chandra Garg said this would most probably take place through preferential ...and more »

India Inc's Jan-Jun deal tally at $74.8 bn on big-ticket deals

India Inc's Jan-Jun deal tally at $74.8 bn on big-ticket deals

According to Grant Thornton's Dealtracker report, the year so far has witnessed deals (both merger and acquisition and private equity) worth USD 74.8 billion through 638 deals as against USD 39.3 billion by way of 610 transactions in January-June 2017.and more »

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

July 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: ** Italy's biggest commercial ... The acquisition was announced by French investment company Wendel, which has a stake in Allied Universal ...

Tax obligations in Flipkart acquisition will be fulfilled: Walmart to IT dept

Tax obligations in Flipkart acquisition will be fulfilled: Walmart to IT dept

NEW DELHI: US retail giant Walmart has assured the Indian income tax department that it will fulfil all tax obligations on its proposed USD 16 billion Flipkart buyout, an official said on Friday. In May, the I-T department had written to ...and more »

Will IHH Healthcare's acquisition of Fortis nurse it out of ICU?

Will IHH Healthcare's acquisition of Fortis nurse it out of ICU?

“The acquisition demonstrates our commitment to invest considerable resources to expand and consolidate our footprint in India,” said Dato' Mohammed Azlan bin Hashim, non-executive chairman of IHH. First, the scale. It helps IHH bulk up its India ...and more »

Agile startups race ahead in the art of deal making

Agile startups race ahead in the art of deal making

Sumeet Abrol, Partner, Grant Thornton India LLP, said, “The mega deal making was marked by Walmart's $16 billion acquisition of Flipkart and Bharti Infratel's $14.6 billion merger with Indus Towers. Walmart's late stage buyout of Flipkart underscores ...

RCom alleges Telecom department of bias in Idea-Vodafone merger case

RCom alleges Telecom department of bias in Idea-Vodafone merger case

In a letter dated July 10, 2018 to telecom secretary Aruna Sundararajan, debt-ridden telecom firm Rcom referred to conditional approval given to Idea Cellular and Vodafone India to go ahead with their merger deal without insisting on any bank guarantee ...and more »

HSBC India names Amitabh Malhotra head of investment banking

HSBC India names Amitabh Malhotra head of investment banking

Malhotra brings with him over 20 years of investment banking experience, having worked on many cross-border mergers and acquisitions, initial public offerings (IPOs) and private equity (PE) transactions across industries such as telecom, healthcare, ...and more »

RCom Alleges Discriminatory Behaviour by DoT in the Idea Cellular-Vodafone Merger; DoT Denies

RCom Alleges Discriminatory Behaviour by DoT in the Idea Cellular-Vodafone Merger; DoT Denies

Shambhu Nath Choudhary, who is the Director of Media in the DoT commented that “The department is following the laid down rules as per relevant guidelines, including Merger and Acquisition Guidelines and Spectrum Liberalisation Guidelines. The ...

DoT may give conditional nod to Vodafone, Idea merger today

DoT may give conditional nod to Vodafone, Idea merger today

The Department of Telecommunications (DoT) is set to give conditional approval to the merger of Vodafone India and Idea Cellular in the next couple of days, which will close the largest M&A deal in the sector and bring together India's second and third ...and more »