Larsen & Toubro Infotech (LTI) and Mindtree said that they have got clearances to operate as a single company from November 14, marking the closure of an over six-month merger process that is creating India’s fifth...
NCLT approves Viraki Consortium’s resolution plan for Himadri Foods
The bankruptcy court has approved a resolution plan for revival of packaged Indian spices maker Himadri Foods Ltd submitted by Viraki Consortium. The consortium is led by Mumbai-based Viraki Brothers that sells products...
Inox Merger with PVR: Largest Film Exhibition Company
Pandemic coupled with the Steller rise in Over the Top (“OTT”) had questioned survival of multiplexes and movie theatres. Amid of struggle, the two largest multiplex chains in India announced a merger which is likely to...
Investors guide to benefitting from increased M&A activity in India Inc
The deal market is buzzing with a spate of mergers and acquisitions being announced by India Inc. Starting from PVR-Inox to HDFC-HDFC Bank, the Indian corporates have seen big names announcing mergers. And the list...
PVR, Cinepolis India in advanced merger talks
India’s leading multiplex chain PVR and the local unit of Mexican company Cinépolis are in advanced merger talks, potentially reshaping the country’s film exhibition industry that witnessed its first phase of...
YC-backed Codingal raises $1.2 Mn in seed round
Codingal, a coding platform for students, on Wednesday said it has raised $1.2 million as a part of its seed funding round, led by Y Combinator, Summer Capital, Day One Syndicate, and Rebright Partners. Prominent angel...
Online gaming platform Pocket52 raises $1.75 million in funding from Gameskraft
Online gaming startup Pocket52 has raised $1.75 million, as part of its Series A funding, from game publisher Gameskraft. Pocket52 will use the funds to enhance its technology framework, expand user base, and scale...
Saga of first Hostile Takeover in Information Technology Sector
In ordinary parlance, a hostile takeover shall imply the acquisition of Target Company by the Acquirer which is accomplished by going directly to the company's shareholders or fighting to replace management to get the...
Indian companies look at South East Asia for M&As
Indian companies are increasingly looking at South East Asian countries for business and mergers and acquisitions (M&As) because there is a good strategic and cultural fit with companies in the region. Indian...
Inox open to Acquisitions to boost growth: Siddharth Jain
Inox LeisureNSE 1.02 %, India’s second-largest multiplex player in terms of screens, footfall, revenues and market share, is ready to embark on an aggressive growth strategy, which its promoters said could include...
IL&FS takeover done, government focus now on financials
The potential for systemic disruption and an incipient financial sector meltdown has forced the government to seize control of Infrastructure Leasing and Financial Services (IL&FS) and its units by superseding the...
PVR looks south and then north, leads race to acquire Wave Cinemas
Less than two weeks after acquiring south India’s leading multiplex company SPI Cinemas, India’s largest cinema exhibition player PVRNSE 0.02 % is now looking to buy north Indian chain Wave Cinemas, two people familiar...