Germany plans to screen non-European investors that want to buy into firms in high-tech sectors such as robotics and artificial intelligence in a move widely seen as targeting Chinese state-backed investors. The...
M&A in auto sector up 73% to $449 million in CY19 despite slowdown
Despite the slowdown in the auto industry during the past 12 months, mergers and acquisitions in the sector rose by around 73 per cent to $449 million, from $260 million during January to October 2019. The deals include...
India Inc’s M&A deal value slips 45 pc to USD 1.5 bn in October: Report
Corporate India witnessed merger and acquisition deals worth USD 1.5 billion through 28 transactions in October, registering a 45 per cent decline over the same month last year, a report said on Thursday. According to...
India plans strategic stake sales in 28 state-run companies – minister
India’s cabinet has given ‘in-principle’ approval for the sale of strategic stakes in 28 state-run companies including state carrier Air India, junior finance minister Anurag Singh Thakur told...
Air India, Bharat Petroleum Corporation to be sold by March: FM Nirmala Sitharaman
The government is looking to wrap up the sale of state-run airline Air India and oil refiner and marketer Bharat Petroleum Corporation (BPCL) by March, finance minister Nirmala Sitharaman said on Saturday. “We are...
India to see M&A deals worth $52 bn in 2019
India is expected to see M&A deals of over USD 52 billion in 2019 as mergers and acquisitions in the country are expected to remain stable despite global headwinds, according to a new report by Baker McKenzie...
Low valuations, possible stake sales make PSU funds attractive
Investors could add PSU funds as a tactical play to their equity mutual fund portfolios, say fund managers. They believe low valuations, coupled with chances of a strategic sale or disinvestment in public sector units...
M&A deals set to surge as founders face acute cash squeeze: Axis Capital
Deal volumes in India are set to surge as embattled founders sell businesses to tide over a cash squeeze, according to Axis Capital Ltd., the investment banking unit of one of India’s largest private-sector lenders. “As...
M&A activity remains sluggish in September quarter: Grant Thornton
Mergers and acquisitions (M&A) deal activity in the third quarter of calendar year 2019 witnessed a downtrend, with total values falling by more than half as compared to the same period last year, according to the...
PSU stake sales may be placed for Cabinet nod in Nov-end
In the first lot of big-ticket disinvestments, the government is aiming the stake sales of PSUs, including BPCL, SCI and Concor, among others, which have recently been cleared by the Amit Shah-led panel, at the earliest...
PSU disinvestment: Modi govt amends process for strategic sale
In what shows the Modi 2.0 government’s policy intent to privatise a clutch of large state-run firms, starting with the current financial year itself, the Cabinet on Thursday approved new processes for strategic...
Share of carve-outs in M&A deals rises as firms hive non-core assets
Large Indian corporates are increasingly selling down businesses that are not core. This trend is adding to the mergers and acquisitions activity too, in recent times. The share of carve-outs in mergers and acquisitions...
