Telecom Italia’s (TIM) top investor Vivendi would oppose a sale of the Italian phone group’s fixed network that undervalues TIM’s main infrastructure asset, and would be ready to assess other options...
Cabinet clears sale of govt’s 29.58% stake in Hindustan Zinc valued at Rs 38,000 crore
The Union Cabinet on Wednesday approved the sale of the government’s residual 29.58 per cent stake in Hindustan Zinc Ltd, which at current prices would fetch over Rs 38,000 crore to the exchequer, sources said...
Gip’s Sale Of Renewable Portfolio May Fetch ₹4,500 Crore Value
Infrastructure investor Global Infrastructure Partners (GIP) is seeking an enterprise value of around ₹4,500 crore for the sale of its Indian renewable energy portfolio comprising assets totalling 750 megawatts (MW)...
Byju’s in talks to acquire listed US edtech firm Chegg valued at $2 billion
Edtech unicorn Byju’s has held talks to acquire California-based online tutoring company Chegg, people in the know of the talks said. In an exclusive interview with ETtech, Byju Raveendran, the company’s...
Benettons, Blackstone buyout proposal values Atlantia at $63 bln
Italy’s Benetton family and U.S. investment fund Blackstone have proposed a 58 billion euro ($63 billion) buyout offer for Atlantia, to take it private and stave off rival interest for the airport and motorway...
Whether Borosil-2 will be value accretive as in the case of Borosil-1?
Recently, Borosil Limited announced the demerger of its “Scientific and Industrial Products business” into Klass Pack Limited, a Subsidiary of Borosil Limited.. Borosil Limited (“Borosil” or “Demerged Company”) is...
Jindal Poly restructuring will be value accretive to public shareholders?
Recently, the Board of Directors of Jindal Poly Films Limited their board meeting held on 16th March 2022 approved the internal restructuring of its Packaging Film Business followed by stake sale in the packaging...
Bandhan-led group to buy IDFC MF, deal valued at ₹4,500 crore
Bandhan Financial Holdings won the bid to buy IDFC Asset Management Company in a deal valued at ₹4,500 crores, marking the entry of a financier that began its life as a bottom-of-the-pyramid lender into the ritzy...
Nielsen rejects takeover approach from consortium that valued at $9.1 bln
Nielsen Holdings said that the company has rejected an unsolicited acquisition proposal from a private equity consortium that valued the TV ratings company at $9.13 billion. The consortium had proposed to acquire...
Would take steps for value adjustments, reversal of takeover of stores by Reliance, says FRL
Future Retail Ltd (FRL) on Wednesday said it is “committed” to reversal of takeover of its stores by Reliance Retail and will take all such action as may be necessary to seek value adjustments. The Kishore...
Crompton bolt-on acquisition – creating substantial value for all stakeholders?
Crompton Greaves Consumer Electricals Ltd. (“Crompton”) has signed definitive agreements to acquire a controlling interest in Butterfly Gandhimathi Appliances Ltd. (“Butterfly”). Crompton was...
Mirza International Limited: Unlocking Value for Whom?
The Board of Directors of Mirza International Limited (“MIL”) has recently announced a consolidation of a promoter group entity i.e., RTS Fashions Private Limited which is predominantly engaged in selling goods...