Leadership & Quotes: Ashish Hemrajani Ashish Hemrajani has made life simple for avid movie-goers. With the click of a bottom, you can book movie tickets and reach the theatre on time to enjoy the silver screen. The...
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...
Stake sale in Hindustan Zinc not a ‘wise move’, says Mines Ministry.
Mines Ministry has told Finance Ministry that selling government’s stake in Vedanta-controlled Hindustan ZincBSE 1.24 % (HZL) is not a “wise move” as it is the only firm in India controlling production...
STEEL A Deal Impact: JSW and ISPAT ACQUISITION
Way back in December 2010, JSW Steel entered into an agreement with Ispat Industries Ltd to acquire 41.4% stake in Ispat at a price of Rs 19.85 per share for Rs 2,157 crore on a preferential basis. The funds were mainly...
Citigroup’s Slide in India M&A Deals Shows Rise of Local Bankers
Citigroup Inc. is no longer India’s top investment banker. A local firm that ended a partnership with Morgan Stanley more than eight years ago became No. 1 in 2015, marking the decline of foreign advisers who’ve led...
Sterlite Technologies Demerges Power Division
Telecom and Power Transmission Solution provider Sterlite Technologies Limited is set to spin-off its power business into a separate unlisted entity named ‘Sterlite Power Transmission Limited’ while retaining its...
Adani Group Restructures for Long‐Term Play
In order to build on its core strength, diversified industrial house Adani Group has restructured its business. Under the newly structured pattern, the group demerged its listed power generation and ports firm spliced...