Infrastructure Leasing & Financial Services, which is selling assets to repay debt of about Rs 91,000 crore ($13 billion), won’t provide indemnity and warranties to potential buyers, a move that will drive down...
Why is Warranties & Indemnities Insurance Important for Buyers and Sellers?
In the last article, we have discussed why Warranties & Indemnities (W&I) Insurance is important. We now will discuss the products features, its uses and advantages. One of the leading insurers for this line of...
ULTRATECH adds more to its Cement Portfolio by way of Demerger from Kesoram
The Board of Directors of Ultratech Cements Limited & Kesoram Industries Limited at their respective board meeting have approved a composite scheme of arrangement (scheme) which envisages the demerger of the cement...
Six Flags, Cedar Fair to merge with a $8 billion deal
Six Flags and Cedar Fair, two of the largest amusement park companies in the United States and Canada, are merging to combine forces in a transaction valued at $8 billion. The firms, collectively, have influence over 27...
Kohl’s in exclusive talk with Ohio-based franchise group for $8 billion deal
Kohl’s company has been into specific talks with Franchise Group retail holding company, which wants to purchase the store for $60 per share. Kohl’s would be valued at about $8 billion at such a price...
WarnerMedia and Discovery’s merger all set to transform media segment
The most-awaited mega-merger of WarnerMedia and Discovery holds the capability to transform the media grounds drastically. David Zaslav, Discovery CEO, is making news as he is busy setting up the executive suite and has...
Govt invites EoIs for strategic sale of PDIL and HLL
The department of investment and public asset management (DIPAM) Tuesday issued preliminary information memorandum and expression of interest for strategic disinvestment of its full equity in Projects & Development...
Air India sale does not impact petition to seek asset seizure, say Devas investors
Investors in Devas Multimedia have in a written submission to a US court said that the sale of Air India to the Tata Group does not impact their petition to seek seizure of the national carrier’s assets to enforce an...
How Covid-19 disruption created a blue sky of opportunities for M&As
Amid the ongoing pandemic challenges, corporate mergers and acquisitions have undergone a phenomenal change, which has opened the floodgates for purposeful deals – whether mainstream, cross-border or cross-sector...
In share swap deal, ICICI Lombard to acquire Bharti AXA General Insurance
In a share swap deal, non-life insurer ICICI Lombard General Insurance Company will acquire the business of Bharti AXA General Insurance Company Ltd. In a regulatory filing late Friday, ICICI Lombard said the boards of...
Yatra terminates deal with Ebix
In a deal that went off the rail, Yatra Online – the country’s online travel booking company – has pulled out of the merger agreement with US software firm Ebix. The travel portal has also filed litigation against Ebix...
Yatra terminates Rs 2,300-cr merger pact with US software firm Ebix
Online travel company Yatra has terminated its pending merger agreement with US-based software firm Ebix and filed litigation against it in the State of Delaware, seeking “substantial damages” for alleged breaches of...