After overachieving the divestment goal in the last financial year 2017-18 by a respectable amount, India looks set to miss its disinvestment target for the current fiscal 2018-19 once again, resulting in fiscal deficit...
Fund raising mode: PFC to borrow Rs 14,000 crore to fund REC buy
State-run Power Finance Corporation (PFC) will borrow nearly Rs 14,000 crore to fund its acquisition of the Centre’s 52.63% stake in Rural Electrification Corporation (REC) by February 15, before the government goes in...
Daiichi moves SC to restrain Fortis from transferring funds from IHH
Japanese drugmaker Daiichi Sankyo has moved the Supreme Court seeking to restrain Fortis Healthcare from transferring any funds it has received from Malaysia’s IHH Healthcare to RHT Health Trust, Singapore, in which the...
LIC move to acquire 51% stake in IDBI hits SC hurdle, court to hear appeal against deal
The Supreme Court on Friday said it will hear next week an appeal challenging the LIC’s move to acquire 51% in the Industrial Development Bank of India (IDBI). The total value of the deal is expected to be Rs 12,000...
Binani Cement: Dalmia Bharat again knocks on Supreme Court’s door to seek judicial review
Rajputana Properties, a group company of Dalmia Bharat, has approached the Supreme Court, seeking review of the apex court’s judgment which had dismissed its plea challenging the National Company Law Appellate...
Infibeam terminates acquisition deal with Snapdeal’s inventory management unit Unicommerce
India’s first e-commerce company to IPO Infibeam Avenues today said that it has terminated Rs 120 crore-deal to acquire Snapdeal’s inventory and order management subsidiary company Unicommerce. The call-off comes seven...
OYO to buy back Rs 50 crore worth shares from existing, past employees in January; check details
OYO Rooms has said Friday that it would buy ESOPs from 250 of current and former employees worth nearly Rs 50 crore (in the first round) in January 2019. The buyback program would be carried out through a secondary...
Anil Ambani’s RCom says committed to pay outstanding spectrum dues, as deal with Jio hangs in balance
Anil Ambani-led Reliance Communications Ltd said on Wednesday that it remains committed to paying its outstanding dues, even as the telco’s proposed deal with Mukesh Ambani-controlled Reliance Jio remains uncertain...
2018 deal flow could have been better but for certain NCLT cases, says MD of Singhi Advisors
It has been a great year for mergers and acquisitions (M&As) in India in 2018 with the total transaction value crossing the $100-billion mark. Mahesh Singhi, founder & MD, Singhi Advisors, which is focused only...
IWAI, Cochin Shipyard tie up for waterways to go green
Keeping pace with global trends, Inland Waterways Authority of India (IWAI) will use methanol as a marine fuel retrofitting its work boats with engines that could run with the green fuel. IWAI has placed orders with the...
Move over Flipkart-Walmart deal, these exits also made significant noises in India M&A ecosystem
While Walmart’s star acquisition of India’s e-commerce poster boy Flipkart would resonate in the years to come as an inflexion point in the Indian e-commerce market, there were other notable exits as well that helped...
Max Healthcare changes hands: Radiant Life Care, KKR to buy hospital chain
KKR-backed hospital management company Radiant Life Care announced on Monday that it will acquire a majority stake in Max Healthcare Institute from Max India through a series of transactions that will include Radiant...
