Liberty Steel, which last month announced a non-binding indicative offer for Thyssenkrupp Steel Europe, will soon start looking into its financial records, it said on Wednesday. “Liberty Steel will shortly begin a...
Due diligence for Netherlands business sale to complete in next 2 months: Tata Steel CFO
The due diligence process for the sale of Tata Steel’s Netherlands operations will complete in the next two months, its Executive Director and CFO Koushik Chatterjee said on Tuesday. In Europe, Tata Steel is in...
Lakshmi Vilas Bank says due diligence for Clix Group deal complete
Private sector lender Lakshmi Vilas Bank on Tuesday said that the mutual due diligence for its deal with Clix Group is “substantially complete”. “We wish to inform that the mutual due diligence is substantially...
Jordan’s Capital Bank begins due diligence to buy Lebanon’s Audi’s units in Jordan, Iraq
Jordan’s Capital Bank has begun due diligence on buying Lebanese Bank Audi’s Iraq and Jordan units in an acquisition that will help the Jordanian bank to diversify and expand domestically and regionally, its...
Banks gear up for due diligence ahead of loan recast programme
Lenders preparing to implement a loan restructuring programme for companies hit by the Covid-19 pandemic are conducting a detailed study of cash flows and the viability of businesses, bankers aware of the thinking said...
Deadline for proposed Lakshmi Vilas Bank-Clix Capital merger due diligence extended till Sept 15
Lakshmi Vilas Bank and non-bank lender Clix Capital, who have been exploring merger, have mutually decided to extend the deadline for completing the mutual due diligence till September 15. The previous deadline is...
Adani Power appoints merchant banker for due diligence on delisting plan
Adani Power board has appointed a merchant banker to finalise its delisting plan, the company informed the bourses on Wednesday. The billionaire-Gautam Adani led company said its board has taken on record the delisting...
Tech due diligence will be top priority for firms eyeing M&As
Covid-19 is changing how businesses function and, going forward, due diligence on information technology (IT) requirements will be increasingly important for striking mergers and acquisitions (M&As), fund-raising...
Due diligence by Aramco on track for planned stake sale: RIL
Reliance Industries, which is trying to sell 20 per cent stake in the company to Saudi oil giant Aramco, on Thursday said that the due diligence for the deal was on track. “In spite of the Covid-19 crisis and the...
Deloitte begins due diligence on Vistara’s proposed Air India bid
Deloitte has begun due diligence on the proposed bid for Air India by the Tata Group’s airline company Vistara, a group official told ET. Bids for the debt-laden national carrier are scheduled to close on March...
No due diligence, Sebi slaps Rs 5 lakh on ICICI Pru Trust, ICICI Pru AMC
Markets regulator Sebi has imposed a total penalty of Rs 5 lakh on ICICI Prudential Trust and ICICI Prudential Asset Management Company for not exercising due diligence while making investment decisions. The matter...
Panoramic grants Australia’s Independence Group due diligence access after takeover bid
Australian nickel miner Independence Group on Friday said it will conduct due diligence on Panoramic Resources Ltd and its flagship Savannah nickel project after making a bid for its smaller peer. At the same time...