Sony scrapped the $10 billion merger of its Indian arm with Zee Entertainment in part because Zee failed to meet some financial terms of the deal and come up with a plan to address them, according to a termination...
Zee moves NCLT, SAIC against Sony Pictures post collapse of merger deal
Days after its $10 billion merger transaction with Sony India collapsed, Zee Entertainment Enterprises moved the National Company Law Tribunal (NCLT), appealing to the court to direct Sony India to implement the merger...
Zee-Sony merger may be called off, termination notice to be filed by Jan 20
The Sony group is planning to call off the merger pact with Zee Entertainment Enter–prises, capping two years of drama and delay in creating a $10 billion media giant, said people familiar with the matter. The Japanese...
Tata Coffee, Tata Consumer Products merger to be effective from January 1
The scheme of arrangement between Tata Coffee Ltd (TCL), Tata Consumer Products Ltd (TCPL) and its wholly owned subsidiary TCPL Beverages and Foods Ltd (TBFL) will be effective from January 1, 2024. The scheme involves...
CCI clears stake acquisition deal in Reliance Capital by IndusInd bank
Fair trade regulator Competition Commission of India said it has cleared the proposed stake acquisition in Reliance Capital by IndusInd International Holdings Ltd, IIHL BFSI (India) Ltd, and Aasia Enterprises. Reliance...
JSW Infrastructure to acquire majority stake in PNP Maritime Services
JSW Infrastructure on Monday said it has signed an agreement with SP Port Maintenance, a Shapoorji Pallonji Group company, to acquire majority stake in PNP Maritime Services (PNP Port). The agreement is to acquire over...
Exams trainer Allen acquires edtech platform Doubtnut to improve technology
Exams trainer Allen Career Institute has acquired Doubtnut, an education technology platform that uses artificial intelligence, for an undisclosed amount. Sources said the deal is worth around $10 million. Allen said...
L&T Finance announces completing merger of 3 subsidiaries with itself
L&T Finance Holdings (LTFH), a non-banking financial company (NBFC), announced it had completed the merger of three subsidiaries with itself for “superior governance” and growth. All lending businesses of the...
Amazon set to win EU’s nod for its $1.4 billion iRobot acquisition: Report
Amazon is set to win unconditional EU antitrust approval for its $1.4 billion acquisition of robot vacuum maker iRobot, three people familiar with the matter said. Antitrust enforcers around the world have stepped up...
CCI approves Titan’s acquisition of additional stake in CaratLane
Fair trade regulator Competition Commission of India (CCI) cleared the acquisition of an additional stake purchased by Titan in CaratLane. CaratLane is engaged in the business of manufacture and sale of gems and...
CCI approves acquisition of additional stake in Niva Bupa Health Insurance
Fair trade regulator CCI approved the acquisition of an additional stake in Niva Bupa Health Insurance Company by Bupa Singapore Holdings Pte. Bupa Singapore Holdings is a shareholder of Niva Bupa and a subsidiary of...
IDBI Bank stake sale may not be completed by March 2024: Govt official
The stake sale in IDBI Bank may not be completed by March 2024, a senior government official said. Department of Investment and Public Asset Monetisation (DIPAM) Secretary Tuhin Kanta Pandey said the transaction is...
