TRANSACTION: Uber China merger with Didi. Didi is buying Uber’s brand, business and data in the country. Uber Technologies and Uber China’s other shareholders, including search giant Baidu Inc., will receive a 20...
Minority Shareholders force Vedanta to sweeten the Deal
The fog is slowly getting lifted off the Vedanta Cairn Merger deal. Announced a year ago, a merger of cash-rich Cairn India Ltd into debt-laden Vedanta Ltd. is finally back on track. After a strong opposition from...
Consolidation trigger in insurance industry
The Indian insurance industry, which has been passing through a tough phase since the 2008 financial downturn and host of regulatory changes thereafter, is seeing cases of consolidation. The proposed merger of Max Life...
Khaitans Restructuring Engineering Business via EMC merger
BM Khaitan-controlled Williamson Magor Group's engineering arms and transmission tower maker EMC Ltd are being merged to create a giant engineering joint venture with a turnover of Rs 6,000-7,000 crore. While EMC is...
DIVIDEND V/s BUYBACK: A Win-Win for Company and Shareholders
Sun Pharmaceuticals Industries Limited (Sun Pharma) announced that the Board of Directors of the Company at its meeting held on June 23, 2016 approved the buyback of its fully paid-up equity shares. The buyback is being...
Kokuyo Camlin Has Broad Shoulders But a Narrow Hip!
In May 2011, Kokuyo S&T Co. Ltd. a consolidated subsidiary of Kokuyo Co. Ltd. ("Kokuyo") entered into an agreement with the promoters of Camlin Limited to purchase majority of Camlin shares (50.3% stake for over Rs...
Hindustan Unilever Scheme envisages re-classification and transfer of General Reserves
Hindustan Uniliver Limited (the “Applicant Company”) is public limited Company, originally incorporated under the Indian Companies Act, 1913. The company engaged in various businesses including manufactures, marketing...
Microsoft’s new connection : Linkedin
In a colossal deal, Microsoft Corp. has entered into a definite agreement to purchase LinkedIn Corporation for $196 per share in an all-cash transaction valued at $26.2 billion. Post transaction LinkedIn will retain its...
M&A Happenings : July 2016
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals July 2016 June 2016 Agriculture 2 – Chemicals 10 1 Entertainments 3 – Financial Services 14 2 Information Technology 11 1...
OVERSEAS DIRECT INVESTMENT PART II
In the Previous Article, we looked at various definitions related to Overseas Direct Investments done from India and also how it can be done via Direct Route without any approval from government authorities. We are...