The 32-year-old test prep business owner from Denver invested $100,000 in shares of veteran hedge fund manager Bill Ackman’s special purpose acquisition company (SPAC), Pershing Square Tontine Holdings Ltd, after...
NSE-BSE bulk deals: Nalanda Fund buys stake in TCNS Clothing as Fidelity exits
Nalanda India Equity Fund on Wednesday bought 4.32 million shares or 7.02 per cent stake in TCNS Clothing Co at Rs 412.31 apiece through a bulk deal on the National Stock Exchange. In a separate deal, Fidelity...
M&A deal activity in 2020 jumps 33% to $36.9 billion, says report
Deals cut by Reliance Industries helped overall mergers and acquisitions (M&As) activity grow 33 per cent in 2020 to $36.9 billion, a report has said. The number of deals came down to 357 from the 443 in 2019...
Should India embrace SPAC, the new alternative to IPO around the world?
Capital markets globally are embracing several new initiatives. So is the case in India. The recent announcements in the Union Budget regarding One Securities Markets Code, trading in gold and corporate bond markets are...
Company rules liberalised, fast track process for mergers extended to start-ups
The government on Wednesday liberalized rules for one-person companies and small companies—two special legal forms allowed under the Companies Act—and offered a fast-track merger and acquisition (M&A) process for...
M&A costs to go up after Budget 2021 axes tax depreciation on goodwill
The merger and acquisitions (M&A) transactions are set to become costlier after the Budget announced on Monday proposed that goodwill (including existing goodwill) will not be eligible for tax depreciation. The...
LIC IPO post Oct; BPCL, Air India stake sale by Sept: Divestment official
The initial public offering (IPO) of India’s largest insurance company LIC is likely after October this year, a top official said on Tuesday laying out the government’s divestment calendar that includes...
Tax benefit on mergers and acquisitions withdrawn
The government has withdrawn a tax benefit for mergers and acquisitions (M&A) that would result in marginal increase in the cost of transactions. The government in the Budget 2021 said that no depreciation would be...
Inbound mergers and acquisitions fall 7% to $73.6 billion in 2020: Report
Despite Reliance Group closing a slew of equity divestments in its telecom and retail arms to the tune of USD 23 billion in 2020, the overall inbound M&As failed to notch up the 2019 tally with the value falling 7...
Govt divestment in 2020 drops 37% on covid blow
The coronavirus pandemic dealt a blow to the Union government’s plan to raise funds through major stake sales and initial public offerings. The government managed to raise just ₹42,871.94 crore so far this year, down...
Latin America Emerges as China’s Favorite Hunting Ground for M&A
In a challenging year for Chinese companies pursuing acquisitions abroad, Latin America emerged as a region where they were able to make some corporate marriages work. Overseas acquisitions by Chinese firms are heading...
India clocks $80 bn of M&A activity, PE deals in ’20: report
Despite the pandemic, economic slide and geopolitical tensions, deal values in 2020 kept apace with the previous year, reaching $80 billion across 1,268 transactions, according to a PwC India report. This marked a 7%...
