Max India sold its entire 51% stake in Max Bupa Health Insurance Co Ltd to private equity firm True North Fund for over Rs 510 crore. Earlier, it was in talks with HDFC Life to merger its life insurance business Max...
L&T attempts hostile takeover of Mindtree
The country's largest engineering and construction conglomerate Larsen and Toubro (L&T) has now been cast as an avaricious acquirer after it made hostile bid to take over Bengaluru-based I-T services company...
Will group restructuring do the trick for Indiabulls?
In a contradictory move to separate two unrelated business & merging other unrelated business, Indiabulls Integrated Services announced a group restructuring involving 11 companies by demerging and transferring its...
Saga of first Hostile Takeover in Information Technology Sector
In ordinary parlance, a hostile takeover shall imply the acquisition of Target Company by the Acquirer which is accomplished by going directly to the company's shareholders or fighting to replace management to get the...
Ranbaxy becomes Sun Pharma’s albatross
In the 90s, Sun Pharmaceuticals was a rising star. Other pharmaceutical majors Ranbaxy and Dr Reddy's looked at its growth with interest. Three decades later Dilip Shanghvi bought over Ranbaxy from Japan’s Daiichi...
Income Tax dues are operational debts under IBC
The Center has set up National Company Law Tribunal (NCLT) on June 1, 2016 to look into cases relating to insolvency and bankruptcy of companies, especially those that have a huge bank debt. It works like the courts of...
Indian companies look at South East Asia for M&As
Indian companies are increasingly looking at South East Asian countries for business and mergers and acquisitions (M&As) because there is a good strategic and cultural fit with companies in the region. Indian...