The Ministry of Corporate Affairs (MCA) has introduced important regulatory changes for companies involved in mergers and amalgamations, particularly in cases involving foreign entities. According to the new rules, any...
President Biden close to blocking Nippon Steel’s acquisition of US Steel
The White House is close to announcing President Joe Biden will block Nippon Steel’s acquisition of US Steel citing national security concerns, two sources familiar with the situation said on Wednesday, amid...
Aditya Birla Capital completes sale of entire stake in Aditya Birla Insurance Brokers
Aditya Birla Capital announced the completion of stake sale of Aditya Birla Insurance Brokers (ABIBL) to Edme Services (Edme), which is part of the Samara Capital Group and an affiliate of Samara Alternate Investment...
Sebi approves IIHL’s acquisition of PMS business unit of Invesco AMC
Capital market regulator Sebi has granted its approval to Hinduja Group firm IndusInd International Holdings for the acquisition of Invesco AMC’s portfolio management services business. According to sources...
UPL announces acquisition of balance 20% stake in PT Excel Meg Indo
UPL announced that UPL Global (UGL), a step-down subsidiary of UPL Corporation (subsidiary of the company) has completed the acquisition of balance 20% stake in PT Excel Meg Indo, Indonesia (PT Excel). PT Excel is...
Startek Expands UK Operations with Acquisition of a Strategic stake in Intelling
Startek, a global leader in customer experience management solutions, today announced the acquisition of a controlling interest in Intelling, a United Kingdom-based customer acquisition and retention specialist. This...
CG Power and Industrial completes acquisition of G G Tronics for Rs 319 cr
CG Power and Industrial Solutions has completed the acquisition of G G Tronics for Rs 319 crore, the company said. In a BSE filing on Tuesday, the company said it has completed the acquisition of G G Tronics on August...
P I Industries completes acquisition of UK based Plant Health Care Plc
Though its wholly owned subsidiary – PI Industries Management Consultancies L.L.C. P I Industries announced that the acquisition of Plant Health Care Plc, a UK-incorporated company traded on AIM, a market operated...
Reliance, Disney to offer concessions to win antitrust nod for merger
Reliance and Walt Disney have offered to sell some channels to win faster antitrust approval for their $8.5 billion India media assets merger, but are resisting changes to cricket broadcast rights they own, two sources...
Rural fintech startup Jai Kisan gets RBI approval for NBFC acquisition
Rural fintech startup Jai Kisan on Tuesday said it has received regulatory approval from the Reserve Bank of India for the acquisition of a majority stake in NBFC Kushal Finnovation Capital. Details of the stake...
Board of Exicom approves acquisition of Tritium Group
At meeting held on 07 August 2024 The Board of Exicom Tele-Systems at its meeting held on 07 August 2024 has approved a strategic acquisition of Tritium group of companies’ (Tritium Group) assets and business in...
Board of Uno Minda approves acquisition of balance stake in Minda Onkyo India
At meeting held on 07 August 2024. The Board of Uno Minda at its meeting held on 07 August 2024 has approved to acquire further stake in Minda Onkyo India (MOIPL), a 50:50 Joint Venture Company of Uno Minda and Onkyo...
