On March 24 2014, the Board of Directors of infrastructure conglomerate Jaiprakash Associates Limited (JAL) had approved signing of Share Purchase Agreement with Dalmia Cement (Bharat) Limited for sale of 74% stake...
Thomas Cook’s Sterling Move
Billionaire investor Prem Watsa-backed Thomas Cook India had acquired vacation ownership Sterling Holiday Resorts for Rs 870 crore, marking its foray into the hospitality sector. For Thomas Cook, it was the...
DLF Back To Core
In order to hive off some non core business and pare debt, DLF concluded the sale of luxury hospitality chain Aman Resorts for an enterprise value of $358 million (approx Rs 2,230 crore). The country’s...
Aurobindo Pharma Expands Overseas Operations
At a time when Aurobindo Pharma gets nearly twothird of its revenues from abroad, it is quite natural for the company to aggressively expand its operations globally. The company bought Dublinbased Actavis Plc’s...
Amtek Acquires Germany’s Kuepper Group
In a bid to increase its global footprints abroad, automotive component supplier Amtek Auto Ltd, backed by investors like Warburg Pincus and Chrys Capital, had signed an agreement to acquire substantial...
Clariant’s Acquisition Of Plastichemix : A Lesson For India Inc
In order to consolidate its position in the chemicals business, Mumbaibased Clariant Chemicals (India) Ltd. (CCIL), a specialty chemical major had acquired Gujaratbased Masterbatches maker...
Mahindra Satyam: Back From The Brink!
In September 2008, Satyam, the then sixth largest India-based IT services company, received the coveted “Golden Peacock Global Award for Excellence in Corporate Governance”. Then, just four short months after this...
Merger & Acquisition – The Telecom Way
A panel of Ministers called the EGoM (Empowered Group of Ministers) approved the final draft of the much-awaited merger & acquisition (M&A) guidelines for the Telecom sector which are likely to support the...
TATA Power Acquires AES Corp
TATA has entered into share purchase agreement (SPA) with AES Corp. for 100% shareholding of AES Saurastha Winds Farms Private Limited. This is the horizontal acquisition as the TATA has a presence in renewable energy...
Two Airlines Driven By One Pilot: TATA
Ratan TATA‘s long-standing but unrealized dreams may finally be getting wings. Nearly six decades after the Indian government divested the TATA’s of their majority holding in Air India by nationalizing the airline, TATA...
The BlackBerry’s Story
RESEARCH IN MOTION LIMITED (RIM): The company was incorporated under the Business Corporations Act on March 1984, head-quarter at Canada. A global leader in wireless innovation revolutionized the mobile industry with...
UltraTech Acquires Gujarat Unit Of Jaypee Cement
UltraTech Cement, an Aditya Birla Group Company, has acquired the 4.8-million tonne per annum (mtpa) Gujarat unit of Jaypee Cement Corporation, for Rs 3,800 crore. As part of the deal, UltraTech will take over debt of...