The government has withdrawn a tax benefit for mergers and acquisitions (M&A) that would result in marginal increase in the cost of transactions.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...
Asia M&A seen cementing rebound as techs, conglomerates step up restructuring
Asia-Pacific mergers and acquisitions are forecast by bankers to remain buoyant after surging 63% in the third quarter, driven by technology companies and conglomerates making strategic moves as they emerge from the...
India Inc eyes overseas M&A transactions
Indian companies with strong balance sheets have shaken off the shock from the coronavirus pandemic to chase overseas acquisitions, hoping to pick up attractive assets whose valuations have been hammered by the virus...
