At meeting held on 25 September 2024 The Board of Zaggle Prepaid Ocean Services at its meeting held on 25 September 2024 has approved the acquisition of 10,66,314 equity shares of face value of Rs. 10/- each at a price...
Axis Finance, IDBI withdraw petitions against Zee-Sony merger at NCLAT
Axis Finance, IDBI Bank & IDBI Trusteeship Services have withdrawn their petitions before the appellate tribunal NCLAT filed against the NCLT order approving the merger of Zee Entertainment with Sony Pictures...
Commerzbank warns UniCredit merger threat to Germany’s businesses
Commerzbank’s management has warned the German government that a potential multi billion euro merger with Italy’s second-largest bank UniCredit is a threat to businesses that make up the backbone of...
RBI approves Aditya Birla Capital’s merger with AB Finance; stock up 6%
Aditya Birla Capital shares soared 5.7 per cent and logged an intraday high of Rs 240 per share. The buying interest in the stock came after the Reserve Bank of India (RBI) gave its nod for the merger of Aditya Birla...
DCM Shriram Industries gains 4% as BSE clears merger proposal
DCM Shriram share price today: Shares of DCM Shriram Industries climbed 3.8 per cent to Rs 200 per share on the BSE on Wednesday. The gain in DCM Shriram Industries share price came after the BSE issued “no...
EaseMyTrip enters medical tourism; board approves Rs 90 crore acquisitions
Online travel platform EaseMyTrip on Tuesday announced its move into the growing medical tourism sector with the acquisition of a 49 per cent equity stake in Pflege Home Healthcare for Rs 30 crore, and a 30 per cent...
Zydus Board approves business transfer agreement for acquisition of API biz of Sterling Biotech
At meeting held on 17 September 2024 The Board of Zydus Lifesciences at its meeting held on 17 September 2024 has approved a Business Transfer Agreement (BTA) to purchase the API business (the Target Business) of...
New rules for mergers involving foreign firms announced: What this means
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...
