Industrial and warehousing parks developer Indospace has emerged as the frontrunner to acquire Bengaluru-based Embassy Industrial Parks at an enterprise value of Rs 1,800 crore. Indospace, backed by PE fund Everstone...
Itochu launching $5.4 billion tender offer for rest of FamilyMart
Japanese trading house Itochu Corp on Wednesday announced a 581 billion yen ($5.4 billion) tender offer for the rest of convenience store FamilyMart Co, seeking full control of a business-facing slow growth and tough...
PSB mergers the new hurdle for resolutions under IBC
The approaching deadline for the merger of small public sector banks with their larger counterparts is slowing down resolution of cases under the Insolvency and Bankruptcy Code (IBC). The deadline to complete the...
Downfall: Videocon goes into IBC
Videocon Industries Limited (VIL) was founded in the year 1986. Current director of Videocon claims that Videocon is the first company to bring colour TV’s in India. Around 1990 Videocon was one of the most iconic...
IMG clears BPCL sale bid documents, to be issued after ministerial group nod
An inter-ministerial group has approved sale bid documents for privatisation of India’s second biggest oil refiner Bharat Petroleum Corp Ltd (BPCL), and a notice seeking bids will be issued after a small group of...
RFP invited for TCIL divestment and listing
The disinvestment department has invited request for proposal (RFP) from merchant bankers for listing and disinvestment of Telecommunication Consultants India Ltd (TCIL). As per the plan, the government will be...
TCS hikes stake in Japanese JV to 66% with $32.6 million investment
Global IT company Tata Consultancy Services (TCS) on Monday announced a 15 per cent increase in its stake in TCS Japan, its joint venture (JV) with Mitsubishi Corporation (MC), with an investment of JPY3.5 billion ($32...
Two-thirds of lenders have voted for Dhanuka Laboratories’ resolution
More than two-thirds of the lenders of Chennai-based Orchid Pharma are believed to have voted in favour of the resolution plan of Gurugram-based Dhanuka Laboratories, leading its bid to reach the National Company Law...
Next trade-war casualty may be mergers and acquisitions market
Already, one megadeal is at risk because of the US-China trade spat: a massive order by Chinese airlines for Boeing planes that may be worth more than $30 billion. A Bloomberg News story on Wednesday detailed how...
Fiat Chrysler and Renault pursue $35 bln merger to combat car industry upheaval
Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest automaker. If it goes ahead...
Disinvestment on fast track: PSU stake sale pricing, timing to be decided quickly with new mechanism
To fast-track strategic sale of CPSEs, the Cabinet Thursday allowed Alternative Mechanism to decide on the timing, price and quantum of shares of a state-run company to be put on the block for outright sale. “The CCEA...
Cabinet allows Alternative Mechanism to ease CPSE strategic sale
To fast-track strategic sale of CPSEs, the Cabinet Thursday allowed Alternative Mechanism to decide on the timing, price and quantum of shares of a state-run company to be put on the block for outright sale. “The...