India’s ICICI Securities has secured shareholders’ nod to delist its stock, the brokerage said in the early hours of Thursday, paving the way to merge with parent and majority shareholder ICICI Bank. About...
Investors greenlight Donald Trump’s $6 billion social media merger deal
Former U.S. President Donald Trump came a step closer on Friday to reaping a major windfall from his social media firm after investors in a blank-check acquisition company approved a tie-up currently worth about $6...
Hindustan Zinc may put off demerger
Hindustan Zinc Ltd (HZL) could put on hold its restructuring plan to create two separate entities for now after the government, which owns a 29.54% stake in the miner, resisted that bid. In a letter to the mines...
Dalmia Group continues its journey of segregation of businesses by way of demerger
Recently Dalmia Group announced yet another restructuring of one of its group companies Dalmia Bharat Refractories Limited. After selling its core business last year to RHI Magnesita, Dalmia Bharat Refractories Limited...
CCI approves merger of Slice with North East Small Finance Bank
Competition watchdog Competition Commission of India on Tuesday approved the merger of fintech startup Slice with troubled lender North East Small Finance Bank (NESFB). As per the plan, Garagepreneurs Internet, which...
AG&P Pratham, Think Gas set for $1.1-billion merger
Global infrastructure investor I-Squared Capital-backed city gas distribution companies in India — AG&P Pratham and Think Gas Distribution — are set to merge, according to two industry executives aware of the...
RIL-Disney merger: A Starlit Jiography
The $8.5 billion behemoth birthed by the merger of RIL’s Viacom18 and Walt Disney’s Star India is set to redefine media, entertainment and sports in India. With over 750 million viewers, 200,000-plus hours of content...
AI-Vistara merger: Singapore regulator’s nod to further help optimise airlines’ schedules, contracts
The final competition-related approval for Air India-Vistara merger coming in from the Singapore regulator will now allow both airlines to share detailed information to optimise their schedules and contracts, Air India...
NCLT approves merger of Saavn Holdings with group firm
The National Company Law Tribunal (NCLT) has approved the merger of Saavn Holdings into Saavn Media, the company that owns and operates audio streaming platform JioSaavn. Delaware-based Saavn Holdings, a subsidiary of...
Vertoz Ventures into the CloudTech Sector through the Strategic Merger
While the Company already specializes in MadTech solutions with its diverse platforms and services that facilitate a wide range of digital marketing and advertising technology, this amalgamation will add a plethora of...
Air India-Vistara merger gets Singapore’s conditional approval
Singapore’s competition watchdog said on Tuesday it has approved the merger between Tata Group-owned Air India and sister airline Vistara, a joint venture between Tata and Singapore Airlines, subject to certain...
JetBlue, Spirit Airlines call off $3.8 bln merger on antitrust hurdle
JetBlue Airways and Spirit Airlines scrapped their $3.8-billion merger agreement on Monday, with the low-cost carriers saying there was no path forward after a U.S. judge blocked the deal in January on anti-competition...