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Tax benefit on mergers and acquisitions withdrawn
The government has withdrawn a tax benefit for mergers and acquisitions (M&A) that would result in marginal increase in the cost of transactions.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%...
Tata rejects Mistry’s share-swap exit plan
The Tata group spurned the Mistry family’s offer to swap its stake in Tata Sons Ltd for shares in the group’s listed companies, terming the separation plan as nonsense. “It’s nonsense. I’m opposing it,” Tata Sons’...
Stake sales on track: FM
Reforms and stake sales in state-run companies will continue even as India refines rules and procedures to make life easier for businesses and strives for self-sufficiency, finance minister Nirmala Sitharaman assured...
M&As Pick Up Pace in 2020, Registers Growth of 23%
Between January to September 2020, so far $8.1 Bn has been invested into Indian startups across 652 funding deals According to Inc42 Plus analysis, enterprise tech stood as the top-performing sector in Q3 2020 M&As...
Family settlement deed at the heart of Kirloskar dispute
The Kirloskar family along with their two listed businesses have now been engaged in a legal battle for over two years and at the heart of the dispute is a ‘deed of family settlement’ or DFS signed in 2009. Ironically...
M&A spikes in record third quarter as boards go on pandemic deal spree
Mergers and acquisitions came back with a bang in the third quarter as executives rushed to revisit deals left on hold at the height of the coronavirus pandemic and boardrooms regained confidence after a roller-coaster...
