In September 2013, the Board of Directors of Man Industries Ltd. approved the Scheme of Arrangement between Man Industries (India) Limited and Man Infraprojects Limited a 100% subsidiary of Man Industries, Man...
DHFL Pramerica MF merges schemes with risk debt, launches side pocket in 2 FMPs
DHFL Pramerica Asset Managers Pvt. Ltd. on Wednesday announced the merger of two open ended schemes which had heavy exposure to risky debt with two of its larger debt schemes. DHFL Pramerica Floating Rate Fund (AUM: ₹13...
Greece to shortlist two schemes in Hellenic majority stake sale: sources
Anglo-Swiss Glencore Energy (GLEN.L) and Swiss Vitol will be qualified to submit a binding bid for a majority stake in Greece’s biggest oil refiner Hellenic Petroleum (HEPr.AT), sources close to the process said on...
Mutual funds keep fingers crossed on rules for merger of schemes
The mutual fund industry is in a wait-and-watch mode over regulations regarding merger of schemes. The mutual fund advisory panel appointed by the Securities and Exchange Board of India (Sebi) is due to meet on Friday...
Paranjape Schemes shelves IPO plan, begins talks with investors to raise capital
Paranjape Schemes (Construction) Ltd has let the regulatory approval for a planned public share sale lapse, and has started talks with investors to raise money, a senior company executive said. The Pune-based builder is...
Ruchi Soya Industries – Updates on Schemes of Arrangement & Amalgamation
Ruchi Soya Industries – Updates on Schemes of Arrangement & Amalgamation Ruchi Soya Industries Ltd has informed BSE that the management of the Ruchi Group (the Group) had proposed consolidation of similar...
Advent International to combine its listed & private entity business
Recently, Advent International announced the merger of its privately held pharma company into recently acquired listed pharma company. Advent being one of the largest private equity entities, is the merger move looking...
Debenhams pension scheme agrees $768 mln Clara superfund deal
Pension scheme trustees for Debenhams and Clara-Pensions said on Thursday they had agreed to a 600 million pound ($768 million) transfer of the former British retailer’s pension assets in a so-called superfund...
OneVerse acquires Spartan Poker; sets aside $120 million for M&A in real-money gaming
Metaverse and gaming tech company OneVerse has acquired online poker startup Spartan Poker and earmarked $120 million (~Rs 1000 crore) for mergers and acquisitions targeted towards real-money gaming companies in India...
Bajaj Finserv health arm acquires Vidal Healthcare valued at Rs 325 crore
Bajaj Finserv Health, a wholly-owned subsidiary of Bajaj Finserv, on Tuesday acquired an entire stake in Vidal Healthcare Services at an enterprise value of Rs 325 crore. The Pune-based healthtech firm has a network of...
Naspers, Temasek get CCI approval to purchase stakes in PharmEasy
Fair trade regulator CCI on Tuesday said it has cleared the proposals of purchasing stakes in PharmEasy by various entities, including South Africa-based Naspers Group and Singapore’s sovereign wealth fund Temasek...
Promoters of DCM Shriram Industries are on their way to segregate their businesses with Streamlined Promoter Holding
The Board of Directors of DCM Shriram Industries Limited approved a Composite Scheme of Arrangement (“Scheme”) which inter-alia provides for separation of Rayon & Chemical undertakings into respective separate...