The National Company Law Appellate Tribunal (NCLAT) on Tuesday observed that the Committee of Creditors of Essar Steel cannot discriminate between operational creditors of the debt-ridden firm. The CoC of Essar Steel...
Caste biases rife even in M&A deals in India, shows an IIM-B study
The caste system pervades all spheres of Indian society. Caste biases still influence many aspects of the economy but the private corporate sector is generally perceived as an oasis of meritocracy and economic...
Top Brembo investor tightens grip with loyalty share scheme for M&A
Shareholders in Brembo approved on Thursday a loyalty share scheme which would allow the family that owns the Italian premium brake maker to retain control as the company looks to expand through acquisitions. Under the...
M&A activities sluggish in Jan-Mar; 33% decline in deal value to $12.5 bn
The first quarter of 2019 recorded 110 merger and acquisition deals worth $ 12.5 billion (about Rs 86,500 crore), a 33 per cent fall in value terms as against the year-ago period, due to factors such as global economic...
Brexit-bound UK tops global ranking for M&A appeal: survey
The United Kingdom has defied the uncertainty over Brexit to land the number one spot in a ranking of how attractive countries are for business investors over the coming year, according to a survey published on Monday...
M&A deals in India declined 17% to $25.8 billion in Jan-Mar: Report
Indian merger and acquisition (M&A) deals for the first quarter of 2019 reached $25.8 billion, declining 16.9% in value compared to the corresponding quarter of 2018. However, it was elevated compared to historical...
Lenders still have the power to take corporates to NCLT
Indian banks would still have the power to recover loans by using the bankruptcy code, but they would have to demonstrate their seriousness about protecting depositors’ money. “There is nothing preventing the banks...
Global M&A slides in first quarter as Brexit weighs on Europe
Global mergers and acquisitions (M&A) sank 17 percent in the first quarter of 2019, as concerns about an economic slowdown and fears of a no-deal Brexit in Europe spooked chief executives and corporate boardrooms...
M&A deal value drops 34% to $1.24 billion in February
The value of merger and acquisition deals in February slumped 34 per cent to $ 1.24 billion compared to the year-ago period, according to a report. Leading consultancy Grant Thornton’s report showed that number of...
Liquidation cases may rise as resolution plans fall short on valuations
Liquidation cases are likely to rise as resolution plans fail to give a reasonable valuation, said bankers at the Mint India Investment Summit. They also said liquidation numbers are high due to legacy issues. “If we...
2018 best year for M&As as deal values rise 126% to $80 billion
2018 can be christened the ‘Year of M&As’, as mergers & acquisitions (M&A) skyrocketed to a whopping $80 billion, recording a 126 per cent jump on a year-on-year basis. Interestingly, 63 per cent of the...
Disinvestment proceeds touch Rs. 53,558 crore so for in the current fiscal
The government’s disinvestment proceeds have touched Rs. 53,558 crore so far in the current fiscal, as against the full year budget target of Rs. 80,000 crore. Last week, as much as Rs. 10,000 crore came in from Bharat...
