Mahindra Electric Mobility, the electric vehicles (EV) arm of Mahindra and Mahindra, will be merged into the parent company as part of its EV strategy according to a notice to the stock exchanges on Friday evening. The...
Consolidation 2.0 in telecom sector on: India Ratings
The telecom sector is on its path to recovery and a business model consolidation phase is on the anvil where telcos will offer a whole gamut of services beyond voice and become digital services providers. The stiff...
Consolidation in public sector oil firms may be back on table in FY22
After a gap of more than two years, the government may again revive the plan for further consolidation in the public sector oil companies by allowing mergers between producing, marketing, gas transportation and...
Deutsche Bank should play leading role in banking consolidation – CEO
Deutsche Bank is gaining in financial strength, putting Germany’s largest lender in a position to play a leading role in European banking consolidation, CEO Christian Sewing was quoted on Sunday as saying. “We continue...
Diamondback Energy spurs new U.S. shale consolidation with two deals
U.S. oil producer Diamondback Energy Inc on Monday agreed to buy two rivals for a combined $3.2 billion including debt, continuing a consolidation spurred by the coronavirus pandemic-induced oil downturn. Facing heavy...
Devon-WPX deal offers a playbook for future shale consolidation
The latest business combination in the U.S. shale patch is signaling a path forward for the troubled sector. In contrast to the bankruptcies of the past three months, Devon Energy $2.56 billion all-stock, low premium...
Diagnostics firms eye consolidation
The diagnostics industry in India could see rapid moves toward consolidation and formalization, executives at major chains said, as stand-alone laboratories struggled with cash and demand for quality services following...
Liberty Global surprises with $7.4 billion deal to buy Sunrise in latest telecoms consolidation
Liberty Global plans to take over Switzerland’s Sunrise Communications in a surprise $7.4 billion deal announced by the companies on Wednesday. The agreed deal reverses Sunrise’s failed bid to buy Liberty’s Swiss...
Domestic consolidation to drive Asia M&A revival during coronavirus fallout
Domestic consolidation will likely drive the recovery of dealmaking in the Asia-Pacific region, bankers said, after the novel coronavirus outbreak sent the value of mergers and acquisitions in the first half of 2020 to...
Modern Food eyes consolidation opportunities in bread, bakery market
Private equity firm Everstone Group-owned FMCG business Modern Food Enterprises Pvt. Ltd is eyeing consolidation opportunities in the bread and bakery industry as the covid-19 pandemic has disrupted smaller regional...
Mega bank consolidation on track; to take effect from April 1: FM Nirmala Sitharaman
The government on Thursday said the mega bank consolidation plan is very much on track and will take effect from April 1 despite the onslaught of coronavirus pandemic throwing the country out of gear. The Union Cabinet...
NCLT allows consolidation of Lavasa Corporation’s subsidiaries for faster resolution
The dedicated bankruptcy court has approved the request of lenders to Lavasa Corporation to consolidate the township developer and its wholly owned subsidiaries Warasgaon Assets Maintenance and Dasve Convention Centre...