Mumbai: The Aditya Birla Group is again looking to exit its fertilizer business and has begun preliminary talks with Indian Farmers Fertiliser Cooperative Ltd (IFFCO) about a potential sale, two people familiar with the...
Financial sector tops India M&A deals
Mergers and acquisitions (M&A) data collated by Thomson Reuters shows that about a quarter of the activity was in the financial sector this year. The sector has seen deals worth $11 billion in the nine months till...
India Inc’s January-September deal tally hits its peak at $46 billion
NEW DELHI: India Inc’s merger and acquisition activity reached a record level of USD 46 billion in January-September this year, up 36 per cent in value terms over the whole of 2015, says a report. According to...
Merger news is like a falling knife for stocks; how to make money in M&A
NEW DELHI: There have been a number of merger and acquisition announcements in recent times, some of which have sent the stocks crashing. Be it the announcement of a merger between Reliance Communications and Aircel or...
Birla Group’s yet another Restructuring favoring Whom?
Aditya Birla Group always tries to expand their business inorganically. From the acquisition of cement business from L&T to the consolidation of retail business in last year, Aditya Birla group relentlessly tries to...
Birla Wants to Feed Financial Services ‘Animal’ With Merger Plan
Indian billionaire Kumar Mangalam Birla’s group said the proposal to merge two companies and spin off its financial services division will help it cut funding costs and boost its lending business. Combining Grasim...
Merger will give capital to high-growth biz: Kumar Mangalam Birla
The Aditya Birla group on Thursday announced the merger of its two holding companies, Aditya Birla Nuvo and Grasim, to make the holding structure clearer, ensure stable cash flows and unlock value in its financial...
Cementing a Deal: UltraTech Buys JP Cement
After selling its cement business to UltraTech, JP can now concentrate on its core business and reduce the piling debt from its books The cement industry is reporting a series of small and mid-sized acquisitions as it...
Foreign funds acquire 7.5% in India Cements for Rs 592 cr
Foreign funds acquire 7.5% in India Cements for Rs 592 cr Leading foreign funds like Fidelity, ABN Amro, HSBC, Nomura Asset Management Fund and Emerging Market Fund have together bought around 7.5% in India’s...
Portuguese firm buys Digvijay Cement
Portuguese firm buys Digvijay Cement Grasim Industries sells unit to Cimpor for Rs 322 crore Grasim Industries, a part of the Aditya Birla group, has decided to sell 53.3 per cent stake in Shree Digvijay Cement Company...
Providence acquires 16% in Idea
Providence acquires 16% in Idea Private equity firm Providence Equity Partners has bought 16% in Idea Cellular for $400m (approx Rs 1,850 crore), securing a foothold in the fastest-growing telecom market in the world...
Providence Equity eyes 25% in Idea
Providence Equity eyes 25% in Idea Private equity firm Providence Equity Partners is close to picking up a stake in AV Birla-owned Idea Cellular. According to sources, Providence is likely to buy 25% share in the Pune...