Vedanta Limited (“Demerged Company” or “VEDL”) is a diversified natural resources company engaged in the business of extraction, refining, manufacturing and sale of various metals and minerals, generation and sale of...
Advent to buy UK payments firm myPOS valued at over $500 million
Advent International has signed a deal to buy payments firm myPOS as part of the London-based buyout group’s latest push into digital payments, director Fabio Cali told Reuters. The fund will acquire the UK-based...
Applicability of Right Shares Issuance on Face Value based on Renunciation by Family Members
Case Law Sec.56(2)(vii)(c) of the Income Tax Act, 1961 inapplicable to right-shares issued in proportion to own & relative’s shareholding Decision by: Hon’ble Gujarat High Court Assessee: Jigar Jaswant Shah...
ITC: Journey Towards Unlocking Value
Shiny days for the shareholders of ITC Limited seem to be on their way. The Board of ITC Limited has accepted the long-lasting demand from the shareholders for value unlocking through demerger. ITC Limited announced the...
Tata Consumer leads race for maker of Ching’s Secret, values co at Rs 5,500 cr
Tata Consumer Products Ltd (TCPL) has emerged as the frontrunner to acquire Capital Foods Pvt Ltd, the maker of condiments, food products and ingredients under the Ching’s Secret and Smith & Jones brands...
Australian takeover target Origin’s top shareholder boosts stake, says shares undervalued
The top shareholder in takeover target Origin Energy has increased its stake, calling the company’s shares undervalued, in a move that could thwart an agreed offer from a consortium led by Canada’s...
Government invites bids for asset values for IDBI Bank disinvestment
The government has invited bids to engage an asset valuer for the strategic disinvestment of IDBI Bank. The government and the LIC are selling about 61% stake in IDBI Bank and multiple expressions of interest (EoI) for...
M&A value nosedives 75% to $32.6 bn in H1 of 2023 despite record volume
The value of merger and acquisition (M&A) deals plunged 75 per cent to USD 32.6 billion in the first half of 2023 even as the number of such deals crossed an all-time high of 1,400, according to industry data. More...
Brookfield values American Equity at $4.3 billion in takeover bid
Annuities provider American Equity Investment Life Holding said it has received a takeover offer from its biggest shareholder, valuing the long-sought merger candidate at nearly $4.3 billion. The offer from the...
Deal activity plunges 87% YoY in May to $4.6 bn in value, 45% in volume
Deal activities fell a steep 87 per cent in May to USD 4.6 billion in value and by 45 per cent in volume terms to just 106 deals, according to an industry report. May 2022 witnessed four multi-billion-dollar deals...
Tanla to acquire ValueFirst Group in all-cash deal of up to Rs 395 crore
Enterprise messaging firm Tanla said it will acquire peer ValueFirst and its subsidiaries in an all-cash deal ranging up to Rs 395 crore. Tanla will acquire 100 per cent stake in ValueFirst Digital Media Private Limited...
Warburg to exit 3PL Stellar Value Chain
Warburg Pincus is seeking to exit its seven-year investment in Stellar Value Chain Solutions, a third-party logistics company. Investment bank Rothschild has been appointed by the investor to find strategic and...