M&A News

IBC boost: How India's distressed merger and acquisition market gained from bankruptcy law

IBC boost: How India's distressed merger and acquisition market gained from bankruptcy law

The Kroll report said that India has witnessed an impressive year so far in the M&A space with deal values launching to a 5-year high at $72.2 billion. While the $16 billion acquisition of Indian e-retailer Flipkart by global retailer Walmart led the ...

Biggest Merger & Acquisition In The History Of Indian Aviation: Jet Airways Likely To Merge With Vistara

Biggest Merger & Acquisition In The History Of Indian Aviation: Jet Airways Likely To Merge With Vistara

In what could potentially be the bigger-ever merger and acquisition deal in the Indian aviation sector, Jet Airways is likely to merge with Vistara and Naresh Goyal is set to exit the new airline completely, Economic Times has reported. The report ...

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

Indian conglomerate Tata Sons Ltd said it is in preliminary talks with struggling Jet Airways Ltd but has not made a proposal to acquire a stake, cooling speculation that a deal was imminent. ** Japan's Mitsubishi UFJ Financial Group is the leading ...

More distressed Merger & Acquisition deals in pipeline: Report

More distressed Merger & Acquisition deals in pipeline: Report

"Initially, there was concern that the Indian Insolvency and Bankruptcy Code (IBC) would lack firepower. However, while there have been some hits and misses, on the whole, the IBC has been very much a positive for the Indian market and is opening the ...and more »

IHH Healthcare may consider merging Fortis, other India hospital brands

IHH Healthcare may consider merging Fortis, other India hospital brands

Malaysia's IHH Healthcare Bhd could merge all its hospital brands in India in the distant future, a senior company official told VCCircle on Wednesday. IHH Healthcare, which, in July, had won a keenly fought battle to acquire a 31.1% stake in Fortis ...and more »

EU mergers and takeovers (Nov 16)

EU mergers and takeovers (Nov 16)

Steelmaker ArcelorMittal and Japan's Nippon Steel & Sumitomo Metal Corp to acquire Indian peer Essar Steel India (notified Oct. 17/deadline Nov. 23/simplified). — German building materials company Knauf International to acquire Armstrong World ...

The week that was in 10 stocks: RIL, Kotak Bank climb ranks; Jet takes wings again

The week that was in 10 stocks: RIL, Kotak Bank climb ranks; Jet takes wings again

Jet Airways: This stock surged 34.75 per cent for the week amid reports that the airline was in preliminary discussions with Tata Sons for a possible merger and acquisition. Tata Sons said it was yet to make any formal proposal to take over India's ...

EU mergers and takeovers (Nov 14)

EU mergers and takeovers (Nov 14)

Steelmaker ArcelorMittal and Japan's Nippon Steel & Sumitomo Metal Corp to acquire Indian peer Essar Steel India (notified Oct. 17/deadline Nov. 23/simplified). — German building materials company Knauf International to acquire Armstrong World ...and more »

Life without the Bansals

Life without the Bansals

When Walmart's acquisition of India's largest e-commerce firm for $16 billion happened in May, a majority of the employees at Flipkart took comfort that at least one of the founders was around to take them through the transition; Sachin Bansal had left ...

CCI approves Liberty House's acquisition of debt-laden Amtek Auto

CCI approves Liberty House's acquisition of debt-laden Amtek Auto

"@CCI_India approves acquisition of Amtek Auto Limited by Liberty House," the regulator said in a tweet. Mergers and acquisitions beyond a certain threshold require the approval of the Competition Commission of India (CCI), which keeps a tab on unfair ...and more »