German reinsurance firm Munich Re is buying an additional 23.27% stake in Apollo Munich Health Insurance from its joint venture partner, the Apollo HospitalsBSE 1.20 % Group, for Rs 163 crore. The transaction values the...
India’s TCS joins auction for Dell’s Perot Systems: sources
India’s Tata Consultancy Services Ltd (TCS.NS) has joined the bidding process for Perot Systems, an IT management business of Dell Inc, according to people familiar with the matter. The company had been interested...
Munich Health in talks to up stake in Apollo JV
NEW DELHI: The Germany-based Munich Health is considering raising its stake in Indian joint venture, Apollo Munich Health Insurance, from the current 26 per cent. The promoters of Apollo Munich are in talks on raising...
Piramal Abbott Story : Deal Impact
In 2010, Ajay Piramal promoted Piramal Healthcare sold off its main formulation business to Abbott India for over INR 17,000 crore and announced a buy-back of up to 20% of outstanding share capital of the company at INR...
Max India Demerges Into 3 Verticals
The Board of Max India Ltd, on January 27, 2015, has approved a Corporate Restructuring plan to split the company through a demerger, into three separate listed companies with three separate business verticals...
Taking Healthcare To Greater Heights
Healthcare has become one of India’s largest sectors ‐ both in terms of revenue and employment in the country. The industry comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical...
Cognizant Buys TriZetto
Cognizant has successfully bought Us-based TriZetto for $2.7 billion in cash primarily owned by private equity group Apax. BlueCross BlueShield of Tennessee and Cambria Health Solutions, both minority shareholders, will...