Hero into M&A gear for 4-wheel spares foray Hero group is charting an aggressive foray into auto components for four-wheelers and will consider overseas and domestic M&As to grow that business. Speaking to ET...
Jyothy Labs to exit venture with Ekta Kapoor
The Mumbai-based Jyothy Laboratories has decided to exit from the 50:50 joint venture company, Balaji Telebrands, by selling its stake in the venture. The company was forged in 2007 with Ms Ekta Kapoor to market and...
Disinvestment firmly back on Centre’s agenda
Disinvestment in central public sector undertakings (PSUs) is now firmly on the UPA Government’s agenda. The Finance Ministry has initiated discussions with other ministries and departments for identifying the...
TVS exits from joint ventures with Wabco
The TVS group has exited from the four decades old air brakes business in favour of its US partner, Wabco. This follows TVS and Wabco smoothly exiting from their two joint ventures, Sundaram Clayton ( SCL) and Wabco...
Hero Cycles acquires 60% stake in Sri Lanka’s BSH Ventures
Hero Cycles today announced picking up of 60 per cent stake in Sri Lankan bicycle manufacturer BSH Ventures, its third major acquisition within six months, for an undisclosed sum. “The acquisition comes in line...
HERO – HONDA JOINT VENTURE BREAK-UP
DEAL IMPACT: HERO Journey after JOINT VENTURE Exit with HONDA TRANSACTION BACKGROUND On December 16, 2010, India-based Hero Group (Hero) and Japan-based Honda Motor Co. (Honda) signed an agreement to dissolve their...
Biyani ties up with Tata-Tesco chain to supply Future brands
In what can be described as the coming together of two rival retailers, Kishore Biyani’s Future group has tied up with Trent Hypermarket, a joint venture of Tata group’s Trent and UK-based Tesco. The...
M&A Happenings: January 2016
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals January 2016 December 2015 Agriculture – – Chemicals 1 2 Entertainments – 1 Electronics 1 2 Financial Services 1 3...
Reliance’s Power-Packed Diversification with JP Deal
Anil Ambani-controlled Reliance Power plans to acquire the entire hydroelectricity portfolio of the Jaiprakash Group and has signed an initial agreement for India’s biggest deal in the infrastructure sector other...
Jaiprakash to sell Jaypee Bhilai plant stake to Shree Cement
NEW DELHI: In an attempt to service its Rs 40,000-crore debt, engineering and cement manufacturer Jaiprakash Associates (JAL) has signed an agreement with Shree CementBSE -3.26 % to divest its stake in the 2.1-million...
TIDE ACQUIRER
Tide Water was founded almost 90 years ago by an eponymous US company in partnership with Andrew Yule. The US parent went through several takeovers until it ceased to exist by that name in the 1950’s. Hostile...
Shree Cement Buys Out Jaypee Cement’s Panipat Unit
As north India has only 16% of the country’s limestone resources, cement companies try to consolidate by acquiring companies for their raw material needs. One example of such a consolidation is Shree Cements Ltd...