Even as the bond holders of Castex Technologies, formerly Amtek India, alleged manipulation, the company on Thursday converted around $80 million (Rs.530 crore) of bonds into equity. The Amtek group company...
REVERSAL OF TREND – BIRLA CORP TO BUY TWO UNITS OF LAFARGE
Birla Corp acquired Jojobera and Conadih cement plant from Lafarge for an enterprise value of INR 5000 crores which have a connection to the global merger of Lafarge from France and Holcim from Swiss had announced in...
Indian Automobile Sector: A Mileage Way Ahead
The automotive industry is a critical component of economic growth. The Indian auto industry is one of the largest in the world with an annual production of 23.37 million vehicles in FY 2014-15. The automobile industry...
M&A Happenings: July 2015
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals July 2015 June 2015 Auto Components – 1 Agriculture 2 – Engineering – 3 Financial Services 2 2 Investments 5 3...
PVR STRENGTHENS ITS POSITION
The Indian film industry is one of the largest globally with a renowned history. Since last year, big players in the industry like INOX, Carnival etc. started making acquisitions. Now another big player, PVR has...
Shree Cement Buys Out Jaypee Cement’s Panipat Unit
As north India has only 16% of the country’s limestone resources, cement companies try to consolidate by acquiring companies for their raw material needs. One example of such a consolidation is Shree Cements Ltd...
Lafarge Holcim Merger Complete
After long deliberations, cement-makers France-based Lafarge and Switzerland-based Holcim decided on new financial terms and leadership to pull through the merger plan as it was almost on the verge of collapse. First...
Aditya Birla Chemicals merges with Grasim Industries
In a consolidation move between group companies, Aditya Birla Chemicals Limited (ABCIL) merged with Grasim Industries Limited. The merged consolidated Aditya Birla Group’s chlor-alkali business into Grasim and...
Adani Group Restructures for Long‐Term Play
In order to build on its core strength, diversified industrial house Adani Group has restructured its business. Under the newly structured pattern, the group demerged its listed power generation and ports firm spliced...
Suzlon Sells German Arm Senvion For €1 Billion
Suzlon Energy Ltd signs the binding agreement with a US-based private equity firm, Centerbridge Partners LP for 100% sale of the stake in its wholly owned subsidiary i.e.Senvion SE which Suzlon Energy Ltd acquired...
Max India Demerges Into 3 Verticals
The Board of Max India Ltd, on January 27, 2015, has approved a Corporate Restructuring plan to split the company through a demerger, into three separate listed companies with three separate business verticals...
Ultratech Cements In It’s No.1 Position
UltraTech Cement, India’s largest cement maker and part of the Aditya Birla Group, on December 24, 2014, said its board has approved to acquire two cement plants of Jaiprakash Associates in Madhya Pradesh for...