Infrastructure Development Finance Company Ltd (IDFC) on 30 October 2014, informed stock exchanges that it received the board’s approval to demerge its financial undertaking into a wholly owned step-down...
NSEL, FT Merger On The Cards
In December 2015, the Bombay High Court has given 45 more days to the Ministry of Corporate Affairs (MCA) to pass the final order in the proposed merger of scam-hit National Spot Exchange Ltd (NSEL) with its parent...
Mastek Demerges Insurance Business
IT Company Mastek Limited, a BSE-NSE Listed Company, had demerged its insurance products and service business into a separate listed company. Mastek is an IT solutions player with global operations providing new...
Adani Power Ramps Up Capacity
Adani Power Ltd (APL), the country’s largest private sector power generation company, has acquired Lanco Infratech’s Udupi plant for Rs 6,000 crore. The installed capacity of the plant is 1,200 MW. APL’s installed...
Strides Arcolab Buys Generic Business Of Bafna
Strides Arcolab Limited (Strides) has bought a majority stake of Bafna Pharmaceuticals Limited’s India branded generics business Raricap (enterprise value) of Rs 65 crore. Strides paid Rs 48.1 crore in cash and balance...
RBI Allows FDI In LLP
RBI welcomes Foreign Direct Investment in LLPs In a big benefit move, the Reserve Bank of India (RBI) has allowed foreign direct investment in limited liability partnerships. The LLP Act 2008 allowed foreign nationals...
Delta Corp Puts Zing To Gaming Biz
In order to put its business on fast track, Delta Corp Limited, India’s only listed gaming company, merged its wholly owned subsidiary Delta Leisure and Entertainment Private Limited (DLEPL) in 2013. The scheme of...
DLF Back To Core
In order to hive off some non core business and pare debt, DLF concluded the sale of luxury hospitality chain Aman Resorts for an enterprise value of $358 million (approx Rs 2,230 crore). The country’s...
Mahindra Satyam: Back From The Brink!
In September 2008, Satyam, the then sixth largest India-based IT services company, received the coveted “Golden Peacock Global Award for Excellence in Corporate Governance”. Then, just four short months after this...
Merger & Acquisition – The Telecom Way
A panel of Ministers called the EGoM (Empowered Group of Ministers) approved the final draft of the much-awaited merger & acquisition (M&A) guidelines for the Telecom sector which are likely to support the...
Two Airlines Driven By One Pilot: TATA
Ratan TATA‘s long-standing but unrealized dreams may finally be getting wings. Nearly six decades after the Indian government divested the TATA’s of their majority holding in Air India by nationalizing the airline, TATA...
Tech Mahindra Successfully Merges Satyam With Itself
Tech Mahindra completed Satyam’s merger with itself. The merged entity will be called Tech Mahindra and Mr. Anand Mahindra will be its Chairman. Tech Mahindra Managing Director, C. P. Gurnani announced that the swap...