The first half of the Calendar Year 2021 (H1CY2021) recorded deal activity worth around $40.7 billion over 710 transactions, which included both private equity and strategic acquisitions. However, the deal value was...
HC refuses to halt CCI probe against Amazon, Flipkart
The Karnataka High Court (HC) on Friday quashed Amazon India and Flipkart’s appeal against the investigation by antitrust Competition Commission of India (CCI), regarding alleged violations of the competition law. This...
A world-class merger control regime
June 1, 2011, was a red-letter day for India—merger control under the country’s Competition Act went live, giving the CCI power to review an M&A transaction’s competitive effects, where parties, whether in India or...
SPACs: Bidding goodbye to traditional Initial Public Offers, but will it work for Indian firms?
It’s raining SPACs (special purpose acquisition company)! Capital raising exercises through the SPAC route has witnessed an unprecedented surge with a record-breaking fundraise by 298 SPACs of nearly US$ 88 billion in...
A Comprehensive Insight into Mergers and Acquisitions
Did you know, in 2020, India and the USA dominated the inbound & outbound M&A segment, with cross-border transactions totalling about 15 billion USD? Furthermore, IFLR reports also state that in 2020, the...
Bharti Airtel unit Nettle acquires 100% stake in OneWeb India
Nettle Infrastructure Investments, a wholly-owned arm of Bharti Airtel, has acquired 100% stake in OneWeb India Communications Pvt Ltd, in an all-cash deal for an undisclosed sum. “Nettle Infrastructure Investments has...
US-based picks up 49% stake in TruJet airline
New York-based investor Interups Inc. has purchased a 49% stake in regional airline TruJet, operated by Turbo Megha Airways Pvt. Ltd. Financial details of the transaction were not disclosed. The company, part of...
Edelweiss raises Rs 2,400 cr from Pacific Alliance Group
Pacific Alliance Group (PAG), one of the world’s largest Asia-focused investment groups, has completed an investment of about Rs 2,400 crore for a 51% stake in Edelweiss Wealth Management. This investment is among...
Traders’ body asks Amazon to back off from RIL-Future Group deal
Traders’ body AICPD and NGO Prahar in an open letter on Thursday asked Amazon to ‘back off’ from blocking the Reliance-Future Group deal, alleging mall vendors and suppliers have become collateral...
RIL | Future Retail: Samara-Future signed term sheet 2 months prior to RIL deal announcement
As early as June 30 last year, Amazon-backed private equity firm Samara Capital had signed a non-binding term sheet with Future Retail Ltd (FRL) that entailed a Rs 7,000 crore investment, reveal documents and...
CCI approves Max Life-Axis Bank deal
The Competition Commission of India (CCI) has approved the Axis Bank-Max Life Insurance transaction, which had faced several regulatory roadblocks from Insurance Regulatory Development Authority of India and the Reserve...
Delhi High Court stays direction to maintain status quo on Future-Reliance deal
The Delhi High Court on Monday stayed its single judge direction to Future Retail Ltd (FRL) and various statutory authorities to maintain status quo with regard to the Rs 24,713 crore deal with Reliance Retail. A bench...