National Aluminium Company (Nalco), Hindustan Copper Ltd (HCL) and Mineral Exploration Corporation Ltd (MECL) have formally inked the joint venture (JV) agreement to form Khanij Bidesh India Ltd (KABIL) to scout for...
Tata Global to buy Dhunseri’s branded tea business
Tata Global Beverages (TGBL) is buying Dhunseri Tea & Industries’ branded packet tea business along with its brands ‘Lal Ghora’ and ‘Kala Ghora’ for a total consideration of Rs 101 crore. TGBL said in a stock...
Healthscope extends exclusive talks with Brookfield, says rival suitor BGH still interested
Australia’s Healthscope Ltd on Friday said it has extended exclusive takeover talks with suitor Brookfield Asset Management Inc by a month, and that a rival suitor remained interested, potentially re-igniting a bidding...
ReNew to retire debt, build M&A warchest with proceeds from planned IPO
India’s largest renewable power company, ReNew Power, aims to deploy the funds through a planned initial public offering (IPO) of its equity on acquisition and to diversify into allied sectors. Borrowing cost had spiked...
JFE, JSW plan joint bid for Bhushan Steel
The $23.21-billion Japanese steelmaker JFE Holdings, and Sajjan Jindal’s JSW Steel, are likely to put in a joint bid for bankrupt Bhushan SteelBSE 1.46 %, reflecting competitive intensity for an asset that the...
ArcelorMittal team visits Bhushan, Essar plants for due diligence
A team led by Aditya Mittal, group chief financial officer and chief executive officer, ArcelorMittal Europe, is conducting due diligence of Essar and Bhushan Steel plants, upping the tempo of the court-led insolvency...
India set to buy 49% in Russia oilfield by Feb
A consortium of Indian companies led by ONGC Videsh (OVL) is likely to acquire a 49 percent stake in Russia’s Vankor cluster oilfields owned by Rosneft by February 2018. While OVL, a fully-owned subsidiary of state-run...
Real estate fund-raising plans run into multiple roadblocks
Indian real estate funds are finding it tougher than usual to raise money as investors demand a more rigorous due-diligence process in an uncertain environment. Large pension funds and global investors are now seeking...
3i Infotech in talks to sell IMS unit to SIFL for Rs300 crore
Mid-sized domestic information technology (IT) services company 3i Infotech Ltd is in advanced talks to sell its IT infrastructure management services (IMS) division to Kolkata-based Srei Infrastructure Finance Ltd...
Brookfield set to buy majority stake in Reliance Communications towers; Anil Ambani to stay on as minority partner
MUMBAI/KOLKATA: Brookfield, the world’s 2nd biggest manager of alternative assets like real estate and private equity from Canada, is closing in to buy a majority stake in Anil Ambani’s telecom tower...
Monsanto Due Diligence Looms as Next Step in Bayer Deal Push
First came the initial bid, then the rejection. Now, the next step in Bayer AG’s quest to buy Monsanto Co. and create the world’s largest agricultural company is likely to hinge on whether the U.S. seed giant will agree...
Strategy for Successful Merger and Acquisition
The management of the company doing the acquisition must have a clear and well-defined strategy for their specific business In order to make a merger work, it is pertinent to have a sound strategic planning so that...