Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals January 2015 December 2014 Auto Components 1 2 Financial Services 5 4 Investments 2 3 Information Technology 2 1 Infrastructure 0 2 Power 1...
Ultratech Cements In It’s No.1 Position
UltraTech Cement, India’s largest cement maker and part of the Aditya Birla Group, on December 24, 2014, said its board has approved to acquire two cement plants of Jaiprakash Associates in Madhya Pradesh for...
M&A Happenings: December 2014
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals December 2014 November 2014 Auto Components 2 2 Financial Services 4 2 Investments 3 3 Information Technology 1 1 Infrastructure 2 1 Media...
Mandhana Industries Demerges Retail Business
Textile and apparels manufacturer Mandhana Industries (MIL) announced that it is in the process of demerging its retail business comprising of brand Being Human into an independent entity called ‘Mandhana Retail...
CSL Buys Novartis, Integrates It Successfully
CSL Limited has closed its transaction to acquire Novartis global influenza vaccine business for a cash consideration of US$275 million. The combined business will create the second largest influenza vaccine business in...
The Zen And Art Of Demerger
Demergers were an American invention of the 1920’s and became common since the 1950’s. The corporate demerger is one of the several ways through which a firm may divest a division and improve its focus. A...
Shasun Pharmaceuticals And Strides Arcolab Ltd Merge
Shasun Pharmaceuticals has got the approval from Madras High Court for Scheme of Amalgamation with Strides Arcolab Ltd. The Competition Commission of India (CCI) has issued its approval for the proposed merger of drug...
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...
Motherson Sumi Buys Stoneridge’s Wiring Harness Business
In a bid to expand the business, Motherson Sumi Systems Limited acquired US-based Stoneridge Inc’s wiring harness business for $65.7 million (around Rs 385 crore). The acquired business had a turnover of around $ 300...
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...
Sun Pharma Acquires Ranbaxy
In April 2014, Sun Pharmaceutical acquired 100% of Ranbaxy Laboratories for $4 billion to create world’s fifth largest specialty generic pharma company. Under these agreements, Ranbaxy will merge into Sun Pharma and the...
Amalgamation Of CIE & M&M Group
CIE Automotive S.A. is a very large automotive conglomerate having its registered office in Spain and listed on Bilbao and Madrid stock exchange. Its group company Participaciones Internacionales Autometal Tres. S.L...