Sangam shareholders approve merger At a meeting held on September 10, the shareholders and creditors of Sangam (India) Ltd have approved a scheme of amalgamation with Sangam Processors Bhilwara Ltd (SPBL), in Bhilwara...
S Kumars to acquire US based Hartmarx for $119 million
Textile major S Kumars is all set to acquire Hartmarx, one of the last remaining American clothing manufacturers and better known for dressing President Barrack Obama, for $119 million. Hartmarx, the men’s largest...
AVB group may unite Grasim and UltraTech
The Aditya Birla group, the country’s second largest cement maker, is looking at consolidating its cement business — currently being run by Grasim Industries and UltraTech Cement — following the exit...
Jubilant Organosys may sell polymer unit to cut debt
Debt-ridden contract manufacturing specialist Jubilant Organosys today said it was evaluating its performance polymers division, a non-core business of the pharma major, for possible divestment. Jubilant had a net debt...
Yash Birla Group buys Melstar Information Tech
Marking its foray into the IT sector, the Rs 3,000-crore Yash Birla Group today said that it has acquired Melstar Information Technologies, an application development software services company...
Yash Birla to take ayurvedic wellness biz abroad
An overseas foray for its ayurvedic health and wellness centres is definitely on the radar for the Yash Birla group but this would be done only after consolidation of its domestic operations, a top group official said...
M&A Happenings : March 2016
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals March 2016 February 2016 Agriculture – 1 Chemicals 2 7 Entertainments – 1 Financial Services 3 7 Information Technology –...
China’s Shandong Ruyi to take over Sandro, Maje labels
China’s Shandong Ruyi (002193.SZ) is set to buy control of SMCP, the French firm behind fashion brands Sandro, Maje and Claudie Pierlot, for 1.3 billion euros ($1.5 billion) including debt, two sources close to...
Jaypee sells cement biz to UltraTech for Rs 16,500 cr
In one of the biggest transactions in the cement industry, the debt-laden Jaypee group signed a binding agreement on Sunday to sell its cement business, with a capacity of 18.4 million tonnes per annum (mtpa), to the...
M&A Happenings : February 2016
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals February 2016 January 2016 Agriculture 1 – Chemicals 7 1 Entertainments 1 – Electronics – 1 Financial Services 7 1...
M&A Happenings: January 2016
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals January 2016 December 2015 Agriculture – – Chemicals 1 2 Entertainments – 1 Electronics 1 2 Financial Services 1 3...
Zeal to Excel : Sameer Gehlaut
Sameer Gehlaut, the chairman of Indiabulls Group is a firm believer in taking the bull by the horns. After fighting several odds, the 40-year old entrepreneur has created a Rs 34,000-crore company (market...