Traders’ body CAIT, which has been opposing Walmart’s acquisition of Flipkart, Friday said it has sought intervention of Prime Minister Narendra Modi into the matter. The body submitted a memorandum and a Traders...
Merged companies can trade excess spectrum
The department of telecommunications (DoT) has amended the merger and acquisition (M&A) guidelines, 2014, allowing telcos to sell excess spectrum post-merger. In a fresh notification, DoT has said, “If, as a result...
AXA arm seen buying 51% in AMW Motors
The Chinese arm of French insurance player AXA has evinced interest in buying a 51% stake in heavy commercial vehicles manufacturer AMW Motors, three senior bankers told FE, adding that they are in advanced stages of...
Hindalco considers raising $500 m via stock sale
Aditya Birla Group’s Hindalco Industries, which is the country’s largest aluminium producer, is considering raising as much as $500 million by issuing fresh shares, according to a Bloomberg news report. The news agency...
More merger and acquisition in e-retail as funds dry up
Consolidation in the online retail space is increasing with as many as 11 merger and acquisition (M&A) deals reported in the year so far, reports Anushree Bhattacharya in New Delhi. Data from Tracxn Technologies...
