Wipro buys key 3D Networks, Planet PSG operations Wipro Infotech has announced the acquisition of India, Middle East and SAARC operations of 3D Networks and Planet PSG in an all-cash deal. The consideration includes an...
HC plugs tax evasion leak in M&A formula
HC plugs tax evasion leak in M&A formula Amalgamation of companies as a tax avoidance/evasion device is going to be difficult from now on, thanks to a recent order by the company court of the Bombay High Court. The...
HC stays Zee group’s takeover bid for UNI
HC stays Zee group’s takeover bid for UNI The Delhi High Court on Friday ordered maintaining of status quo till October 5 on a suit seeking a permanent injunction against the United News of India (UNI) from...
VisualSoft Tech, Megasoft agree to merge
VisualSoft Tech, Megasoft agree to merge The Hyderabad-based software services company, VisualSoft Technologies Ltd, and Megasoft Ltd, have agreed in principle to merge. The board of directors of VisualSoft...
Deutsche Bank, StanChart bid for Indiabulls Sec stake
Deutsche Bank, StanChart bid for Indiabulls Sec stake Indiabulls Financial Services, one of the country’s fastest growing financial services companies, is in talks with a clutch of strategic investors to sell a...
Rain Commodities to merge Rain Ind
Rain Commodities to merge Rain Ind The board of directors of Rain Commodities Ltd at its meeting on Thursday has considered the proposal to amalgamate Rain Industries Ltd, a wholly owned subsidiary, with the company...
PartnerRe to buy rival Paris Re in $2 bn deal
Bermuda-based reinsurer PartnerRe said late on Sunday it will acquire smaller rival Paris Re in a $2 billion deal that catapults the company into the No. 4 spot among global reinsurers. PartnerRe Chief Executive Patrick...
Reliance Capital completes 23% stake sale in life insurance venture
Reliance Capital, part of Anil Ambani-led Reliance Group, on Wednesday announced the completion of an additional 23 per cent stake sale in Reliance Life Insurance (RLI) to Nippon Life Insurance (NLI) for Rs 2,265 crore...
Exelon’s $6.8 Billion Takeover of Pepco Approved by D.C.
Exelon Corp.’s $6.8 billion takeover of Pepco Holdings Inc. was approved by Washington regulators on its third attempt, paving the way for the companies to form the nation’s biggest utility almost two years after...
Marriott wins back Sheraton-owner Starwood with new offer
Starwood Hotels and Resorts Worldwide Inc, owner of the Sheraton and Westin brands, accepted a sweetened $13.6 billion acquisition offer from peer Marriott International Inc, spurning China’s Anbang Insurance...
Washington, D.C. agency cannot agree to Pepco, Exelon proposals on merger
A Washington, D.C. agency that advocates for utility customers rejected on Friday a possible compromise that would allow power company Exelon Corp (EXC.N) to merge with Pepco Holdings Inc (POM.N). The companies need...
Pharma is a Sweet-Spot in Global Acquisitions in 2015
The year 2015 created a record in terms of global mergers and acquisitions (M&As). The total value touched $5.03 trillion, a massive rise of 37% ($3.67 trillion) from 2014, according to data from Dealogic...