“I get an email almost every morning from some SPAC seller telling me to do a SPAC with them,” said Johnny Boufarhat, CEO of Hopin, a virtual events platform. “It’s interesting, but it also...
How Covid-19 disruption created a blue sky of opportunities for M&As
Amid the ongoing pandemic challenges, corporate mergers and acquisitions have undergone a phenomenal change, which has opened the floodgates for purposeful deals – whether mainstream, cross-border or cross-sector...
Delhi HC asks Govt, Finance Ministry and RBI to consider parity between IBC and Sarfaesi Act
The Delhi High Court on Thursday asked the Ministry of Finance and the Reserve Bank of India (RBI) to consider bringing in parity in certain sections of the Insolvency and Bankruptcy Code (IBC) and the Sarfaesi Act...
SPACs look to India for next wave of acquisition targets, says Nomura
Blank-check companies are increasingly looking to India for acquisition targets, which will keep the country’s recent dealmaking streak going, according to Nomura Holdings Inc. ReNew Power last week agreed to merge with...
How SPACs can help make Indian firms a key part of global listed markets
While this last one year has been fraught with uncertainty for businesses across the world, one part of the economy that has remained positive is the stock markets. Against this backdrop, a phenomenon that has caught...
SPACs turn to ‘stonks’ as amateur traders take on more risk
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...
