The Competition Commission of India (CCI) on Friday approved the acquisition of India’s fourth largest supermarket chain, Aditya Birla Retail Ltd (ABRL), by Witzig Advisory Services Private Ltd (WASPL), while...
SoftBank, The Carlyle Group seek CCI approval to invest in Delhivery
SoftBank Vision Fund and existing investor The Carlyle Group have sought the approval of the Competition Commission of India (CCI) to invest in logistics firm Delhivery. According to company filings sourced from Paper...
Why Siemens-Alstom rail merger is creating tensions in Europe
Germany’s Siemens and France’s Alstom agreed in 2017 to merge their rail assets, hoping to create a European industrial champion. But the EU’s competition authority has doubts about the deal and could...
Larsen & Toubro Infotech acquires Ruletronics for $7.48 million
IT midcap and digital solutions company Larsen & Toubro Infotech (LTI) announced the acquisition of Ruletronics, a pure-play Pega consulting and implementation company with offices in the UK, USA, and India for $7...
M&As nearly doubled to $100 billion in 2018; highest in value after 2013
Merger and acquisition (M&A) activities during 2018 in India reached $100.1 billion (Rs 7.1 trillion) across 417 deals, almost doubling in value from the previous year, which saw 398 deals valued at $53.1 billion...
M&M hikes stake in Ssangyong Motor to 74.65%, picks shares worth Rs 316 cr
Homegrown auto major Mahindra & Mahindra (M&M) Wednesday said it has increased stake in its South Korean arm Ssangyong Motor Company to 74.65 per cent with the subscription of additional shares worth Rs 316.5...
Supreme Court reserves judgment on plea challenging validity of IBC
The Supreme Court on Tuesday reserved its judgment in petitions moved by operational creditors challenging the validity of Insolvency and Bankruptcy Code (IBC). A two-judge Bench of Justice Rohinton Fali Nariman and...
Delhi HC admits petition challenging merger of Vijaya, Dena, Bank of Baroda
The Delhi High Court on Tuesday agreed to hear petitions challenging the proposed merger of Vijaya Bank and Dena Bank with Bank of Baroda and issued a notice to the central government. The case will be next heard on...
Reid & Taylor insolvency: CFM hired as new investor; SPGP shunted
After Hong Kong-based SPGP Holdings failed to come up with an amount it could have deposited as earnest deposit money (EDM), Gujarat’s CFM Asset Reconstruction has been hired as the new investor to support the employee...
Flipkart founder Sachin Bansal invests Rs 650 crore in Ola
Flipkart co-founder Sachin Bansal has pumped in about Rs 650 crore in ride-hailing platform Ola, according to documents filed with the Corporate Affairs Ministry. “… 70,588 fully and compulsorily...
Eveready Industries extends rally on reports of promoter stake sale plan
Shares of Eveready Industries India rose 7 per cent to Rs 219 apiece, bouncing back 8 per cent from their early morning low on the BSE on Monday amid reports that BM Khaitan – led Williamson Magor has rolled out...
RBSA Advisors valuation advisor for govt’s stake sale in rural power firm
The central government has appointed RBSA Advisors as the valuation advisor for disinvestment of its stake in REC Limited (REC) to Power Finance Corporation Limited (PFC). The Cabinet Committee on Economic Affairs had...
