Drugmaker Biocon on Tuesday divested a 5.4 per cent stake in its research arm Syngene International for a little over Rs 1,220 crore through an open market transaction. According to bulk deal data available with the...
European Union blocks merger of US firms in cancer screening sector
The European Union’s anti-trust watchdog announced that it is blocking the buyout of cancer-screening company GRAIL by biotech giant Illumina in a rare move by European regulators against two US companies...
YES Bank likely to acquire Bengaluru’s Ritz Carlton from NEL Holdings
YES Bank may soon take over Bengaluru’s iconic Ritz Carlton hotel. The hotel’s holding company, NEL Holdings South Ltd, has failed to repay the Rs 300 crore it owes to the bank, a report by Mint stated...
Will NDTV turn out to be Adani’s most challenging acquisition?
In the past two-and-a-half years, the Adani Group has made about 30 acquisitions shelling out over 20 billion dollars. They have largely been a smooth affair. In the same period, Chairman Gautam Adani’s net worth...
CPPIB, Petronas, Arcelormittal among 13 to bid for NTPC’s green energy unit
The Canada Pension Plan Investment Board (CPPIB), Malaysian state-run Petronas and Arcelormittal SA are among the 13 bidders for a minority stake in the green energy unit of India’s NTPC Ltd, a company official...
Zee is in talks with CCI to get approval for merger with Sony Entertainment
Zee Entertainment Enterprises has written to the Competition Commission of India (CCI) in order to get the latter’s permission to merge its operations with Sony Entertainment. The firm is citing the latest TV viewership...
RCap insolvency: Will creditors lose out in the resolution?
Reliance Capital’s resolution has received tepid response as only four firms have made financial bids for the entire company, including its subsidiaries, under the insolvency process. IndusInd, Torrent, Oaktree Capital...
Srei group receives two resolution plans for debt-ridden companies: Report
Two bids have been received for two debt-ridden Srei group companies under the insolvency resolution process and one of the bids is estimated to be worth around Rs 15,000 crore, according to sources. Srei Infrastructure...
NDTV says stake sale to Adani needs approval from tax authorities
New Delhi Television Ltd said a major stake sale by its founders to Adani group would require clearance from India’s tax authorities, adding another hurdle to the conglomerate’s bid to take control of the...
HP completes $3.3-bn acquisition of hybrid work solutions provider Poly
PC and printer major HP Inc on Monday announced the completion of its $3.3 billion acquisition of Poly, a leading global provider of workplace collaboration solutions. The deal is expected to accelerate HP’s...
Debt-ridden Future Enterprises faces second plea to initiate insolvency
Debt-ridden Future Enterprises Ltd is now facing a second plea filed by an operational creditor of the company before National Company Law Tribunal to initiate insolvency proceedings. The latest petition is filed...
Target, acquirer, board of directors: Understanding a hostile takeover
On Tuesday, Gautam Adani-led Adani Group announced that it has acquired a 29.18 per cent stake in NDTV and will launch an open offer to acquire another 26 per cent soon. NDTV’s owners have stated that it was...
