Investment firms 3G Capital and Berkshire have teamed up to create a new company through the merger of H J Heinz and Kraft Foods. The giant new company will be called the Kraft Heinz Company and will make it the third...
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...
Income Tax Changes Made in Finance Bill, 2015 by Lok Sabha
Finance Bill, 2015 was passed in Lok Sabha on 30.04.2015 with certain amendments via a notice of amendment dated 30.04.2015. In this article, I have covered some of the amendment in Provisions related to...
Capgemini Secures IGate
Capgemini has acquired IGATE, a prominent US-listed technology, and services company headquartered in New Jersey. the transaction amounted to $4.04 billion. The merger agreement has been approved unanimously by both...
Infosys’ Sikka Buys Panaya For a Giant Leap
In February 2015, Infosys bought Panaya Inc., a leading provider of automation technology for large scale enterprise software management, for an enterprise value of $200 million (Rs 1,244 crore). The payment was upfront...
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...
Taking Healthcare To Greater Heights
Healthcare has become one of India’s largest sectors ‐ both in terms of revenue and employment in the country. The industry comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical...
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...
RECLASSIFICATION OF PROMOTERS AS PUBLIC
Market regulator the Securities and Exchange Board of India (SEBI) on 30th December, 2014 proposed new rules to allow reclassification of promoters of Listed Company looking to become public shareholders. SEBI is...
Carnival Acquires Big Cinemas
Anil Ambani‐led Reliance MediaWorks Ltd. (RMW) and Carnival Cinemas announced the signing of definitive agreements for the sale of the former’s multiplexes business to Carnival Cinemas Ltd in...