The government introduced an anti-black money bill to prevent stashing of illegally acquired money and penalise holders of illegal and undisclosed assets abroad in the Lok Sabha on 20th February 2015.The Undisclosed...
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...
Sebi to Act Against Companies With No Woman Director
Market regulator Sebi will take ‘necessary’ action against listed firms which fail to appoint at least one woman director on their Boards by the end of this month, Parliament was informed today. The...
Annual M&A Happenings 2014-15
Industry-wise break-up of the Schemes filed during the previous year April 2014 to March 2015. Industry TOTAL TOTAL No. of Deals from April 2014 to March 2015 No. of Deals from April 2013 to March 2014 Chemicals 2 4...
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...
FDI in insurance upto 26 percent allowed via automatic route
The government on Friday said up to 26 per cent Foreign Direct Investment (FDI) in insurance companies will be allowed through automatic route, as it notified rules to increase foreign direct investment...
M&A Happenings: February 2015
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals February 2015 January 2015 Auto Components 1 1 Financial Services 5 5 Investments 3 2 Information Technology 4 2 Infrastructure 2 0 Power 0...
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...
Sebi-Empanelled Experts To Provide Take On Open Offer Price
Sebi to empanel valuers; but questions remain on compensation, conflicts of interest The Securities and Exchange Board of India (SEBI) wishes to empanel experts who can opine on the valuation of shares during...
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...