Asia-Pacific mergers and acquisitions are forecast by bankers to remain buoyant after surging 63% in the third quarter, driven by technology companies and conglomerates making strategic moves as they emerge from the...
SPLIT & LIST: THE WAY AHEAD FOR CONGLOMERATES?
In last September’s edition we covered a topic “Conglomerates – Corporate Dinosaur: On their Way to Extinction?” where we discussed various reasons for decreasing number of conglomerates, one of them being increasing...
Conglomerates – Corporate Dinosaur: On their Way to Extinction?
Introduction: Reason for diversification Every company in its lifetime reaches a phase where the management is under dilemma as to whether they should go for diversification or launch new products in existing range in...
Ambani-Adani strategic collaboration: Reliance to acquire 26% stake in 600MW Mahan Energen power unit for
Reliance Industries (RIL) and Adani Power have signed a 20-year power purchase agreement for 500 MW, marking a rare, strategic collaboration between conglomerates led by two of the country’s wealthiest men. The Mukesh...
Ambani-Adani strategic collaboration: Reliance to acquire 26% stake in 600MW Mahan Energen power unit for Rs 50 crore
Reliance Industries (RIL) and Adani Power have signed a 20-year power purchase agreement for 500 MW, marking a rare, strategic collaboration between conglomerates led by two of the country’s wealthiest men. The Mukesh...
Singapore’s GIC, DigitalBridge, ADIA, Stonepeak, Permira, among others tapped for Carlyle’s 24% in Nxtra
Sovereign wealth funds, private equity funds and global infrastructure asset managers, including GIC of Singapore, ADIA, Stonepeak, DigitalBridge, KKR and Permira are among those tapped to acquire US buyout group...
Haldiram in talks to acquire majority stake in rival Prataap Snacks
Indian snacks maker Haldiram’s is in talks to acquire a majority stake in listed rival Prataap Snacks, which is valued at $350 million, to expand its presence in the potato chip market, two people with direct...
CCI clears amalgamation involving Shriram Group entities
Fair trade regulator CCI cleared the proposed combination involving the merger of various entities of the Shriram Group. The proposed combination relates to the amalgamation of Shriram GI Holdings Pvt Ltd with Shriram...
Actis unit BluPine buys Acme solar assets for enterprise value of Rs 1,700 cr
BluPine Energy, a unit of London-based private equity firm Actis, has bought solar power assets from Acme group for an enterprise value of ₹1,700 crore, said people familiar with the matter. The acquired assets are...
ITC: Journey Towards Unlocking Value
Shiny days for the shareholders of ITC Limited seem to be on their way. The Board of ITC Limited has accepted the long-lasting demand from the shareholders for value unlocking through demerger. ITC Limited announced the...
L&T eyes green energy, plans to sell non-core biz as Naik exits
I am leaving, but I am still there,” said A. M. Naik, the departing chairman of engineering and construction giant Larsen & Toubro (L&T) Ltd, while addressing his final and the conglomerate’s 78th annual...
Radhakishan Damani buys Health & Glow for ₹750 cr
Radhakishan Damani, billionaire investor and founder of Avenue Supermarts that runs the D-Mart chain, has acquired Health and Glow, a Bangalore-based beauty and personal care retail chain from the family offices of...