In order to consolidate its position in the growing media space, Jagran Prakashan (JPL) bought Music Broadcast (MBPL), which operates popular Radio City FM stations. Foraying into the radio business, Jagran...
Merger Of Ing Vysya And Kotak Mahindra Bank
The banking industry is largely fragmented in India with more than half of the commercial banks being state-run entities. Also amongst them, only two of them figure among the world’s 100 largest banks. Besides, there...
IDFC Demerges Financial Unit Into IDFC Bank
Infrastructure Development Finance Company Ltd (IDFC) on 30 October 2014, informed stock exchanges that it received the board’s approval to demerge its financial undertaking into a wholly owned step-down...
NSEL, FT Merger On The Cards
In December 2015, the Bombay High Court has given 45 more days to the Ministry of Corporate Affairs (MCA) to pass the final order in the proposed merger of scam-hit National Spot Exchange Ltd (NSEL) with its parent...
CSL Buys Novartis, Integrates It Successfully
CSL Limited has closed its transaction to acquire Novartis global influenza vaccine business for a cash consideration of US$275 million. The combined business will create the second largest influenza vaccine business in...
The Zen And Art Of Demerger
Demergers were an American invention of the 1920’s and became common since the 1950’s. The corporate demerger is one of the several ways through which a firm may divest a division and improve its focus. A...
Shasun Pharmaceuticals And Strides Arcolab Ltd Merge
Shasun Pharmaceuticals has got the approval from Madras High Court for Scheme of Amalgamation with Strides Arcolab Ltd. The Competition Commission of India (CCI) has issued its approval for the proposed merger of drug...
Cognizant Buys TriZetto
Cognizant has successfully bought Us-based TriZetto for $2.7 billion in cash primarily owned by private equity group Apax. BlueCross BlueShield of Tennessee and Cambria Health Solutions, both minority shareholders, will...
INOX’s Buyout Of Satyam Cineplexes Hits Roadblock
In a bid to expand its footprint across the country, multiplex chain INOX Leisure Ltd (INOX) had proposed to acquire Satyam Cineplexes Ltd in July 2014 for Rs 182 crore. Satyam has nine multiplexes, including three in...
Royal Nirman Buys MPF Systems Held By Promoters Wilo Se
Royal Nirman Private Limited has acquired 55.48% of the paid up capital of MPF systems held by promoters Wilo Se. The acquisition follows the share purchase agreement between the two parties on July 1, 2014, resulting...
Takeover Of Mather And Platt Fire System By Royal Nirman
Transaction which has triggered the Open Offer Obligation : Royal Nirman Private Limited (‘RNPL’) has entered into a Share Purchase Agreement (‘SPA’) with Promoter / Seller, WILO SE of the MPF Systems Limited...
Adani Power Ramps Up Capacity
Adani Power Ltd (APL), the country’s largest private sector power generation company, has acquired Lanco Infratech’s Udupi plant for Rs 6,000 crore. The installed capacity of the plant is 1,200 MW. APL’s installed...