Taking ahead the growing trend of consolidation in the financial sector a step further, Chennai-based Lakshmi Vilas Bank (LVB) will merge with Gurugram-based Indiabulls Housing Finance Ltd, one of the fastest growing...
EYE on Stakeholders: MAX India Group Sells various firms to PE Players.
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...
UFO and QUBE Merger stalled!!
In a move to create a monopoly in digital cinema distribution network and in-cinema advertising platform, In November 2017 Chennai-based Qube Cinema Technologies and Mumbai-headquartered UFO Moviez announced the merger...
Lactalis buys Prabhat Dairy to expand India footprint
Prabhat Dairy Limited (PDL) is a public Company domiciled and headquartered in India. The Company was incorporated on 25 November 1998 as a Private Limited Company and converted to a Public Limited Company on 19 March...
Hitting four birds with one Bullet: Bandhan Bank and Gruh Finance merge
A new entrant in the banking space, Bandhan Bank has acquired HDFC Ltd-promoted Gruh Finance in an all-share deal. On January 7, 2019, the board of directors of Bandhan Bank and Gruh Finance approved the merger subject...
Britannia Industries issues Bonus Debentures to members for Tax Purposes
Britannia Industries Limited (Company) has vide its Scheme of Arrangement with its members has proposed for issue of Secured Non-Convertible Fully Paid-Up Debentures by way of bonus to the members as on record date out...