The government has decided to exempt mergers of regional rural banks (RRBs) ordered by it from the requirement of clearance from the Competition Commission of India, a senior official said, an indication that the next...
Global mergers and acquisitions plunge in Q2 but dealmakers see green shoots
Global mergers and acquisitions (M&A) activity fell 36% year-on-year in the second quarter, but investment bankers and lawyers expressed optimism that the stock market’s recovery will gradually restore chief...
Parliament passes antitrust legislation on overseas mergers & acquisitions
India’s parliament approved a revised legislation which gives the South Asian nation’s antitrust watchdog wider powers to review overseas mergers and acquisitions. The legislation was approved by the upper house of...
Dealmakers grapple with unprecedented US challenge to mergers
Investment bankers and deal lawyers accustomed to regulatory hurdles to their mergers face an unprecedented challenge under US President Joe Biden – antitrust watchdogs who are undaunted when they lose such...
Year-End Special: Acquisitions and mergers of mutual funds in 2022
Mutual fund mergers and acquisitions are not new in the industry. In 2022 also the industry saw a few fund houses getting merged and acquired. The year 2021 ended with Sundaram Mutual Fund taking over Principal Mutual...
CCI needs to be abreast of global best practices on mergers: FM Sitharaman
Finance Minister Nirmala Sitharaman said the Competition Commission of India (CCI) would need to keep pace with global developments on the merger and acquisition front and combine them with Indian laws. Speaking at the...
Edtech cos eye hybrid route, mergers for business sustainability
Post-Covid, edtech and offline players in the country are opting for the hybrid route, mergers and partnerships to build a long-term and sustainable business model, according to experts. The future of the edtech...
Government plans to start next round of public sector bank mergers
The government plans to initiate the next round of public sector bank mergers after analysing a detailed study that has been commissioned on the outcome of amalgamation in state-run banks, a senior finance ministry...
Why bank mergers are good for reducing NPAs
The tide of bank non-performing assets (NPAs) seems to be finally ebbing, with net reported NPAs coming below 2%. Measures ranging from asset quality review to the introduction of a modern bankruptcy code were...
Dr Reddy’s Laboratories planning mergers and acquisitions to climb up ladder
Dr Reddy’s Laboratories said it aims to be among the top five drugmakers in India, largely driven by mergers and acquisitions (M&A) of brands, companies and in-licensing deals targeting chronic categories...
At $30.3 billion, mergers and acquisitions hit four-year high in March quarter
Mergers & acquisitions started off on a strong footing, hitting a four-year high at USD 30.3 billion in the first quarter of 2022, bucking the global trend where deal-making fell sharply, says a report. Deal...
CCI looks to ease market share disclosure norms for mergers
The Competition Commission of India (CCI) is planning a revamp of the disclosure requirements when entities seek approval for merger deals to make the process less burdensome, people aware of deliberations have told ET...