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...
Reviewing the competition Act: The Act needs to deal with new technologies
The Union government, on September 30, 2018, constituted a nine-member Competition Law Review Committee to review the Competition Act, 2002, which has been in operation for more than a decade and a half. According to...
PFC may approach foreign banks to fund REC stake buy
Power Finance Corporation (PFC) may have to approach foreign banks to raise part of the Rs 7,000 crore it needs to buy out the central government’s stake in REC as public sector banks (PSBs) may hit the regulatory...
NCLAT rejects Edelweiss pleas challenging Synergy resolution plan
The National Company Law Appellate Tribunal (NCLAT) on Friday dismissed Edelweiss Asset Reconstruction Company’s multiple pleas challenging the August 2, 2017 order of the National Company Law Tribunal (NCLT) that...
Insolvency bids: Defaulting winners may land in jail
Concerned over several instances of successful bidders under the insolvency resolution process for stressed companies failing to make the promised payments on time — the most prominent one being that of UK-based Liberty...
Eyeing drone delivery, Zomato buys TechEagle
Food aggregator and delivery provider Zomato on Wednesday said it has acquired TechEagle Innovations, a Lucknow-based startup that works exclusively on drones. Zomato said the acquisition will help the company develop...
Mauritius’ SBM gets RBI approval to merge operations with its Indian subsidiary
The Reserve Bank of India Saturday said it has approved merger of SBM (Mauritius), India with SBM Bank (India). “The Reserve Bank of India has sanctioned the Scheme of amalgamation of the entire undertaking of SBM Bank...
