Mergers and acquisitions (M&A) transactions across the Asia Pacific (excluding Japan), fell to their lowest in three years to $29.9 billion across 709 deals in May, according to a report by Refinitiv, a financial...
IndiGrid InvIT to buy Jhajjar KT Transco for ₹310 crore
IndiGrid, a listed infrastructure investment trust (InvIT) for power transmission lines, on Friday, said it has executed share purchase agreement for the buyout of power transmission line operator Jhajjar KT Transco Pvt...
SC accepts Mistry’s plea against Tata on NCLAT order
The Supreme Court on Friday agreed to hear a plea by ousted Tata group chairman Cyrus Mistry against a National Company Law Appellate Tribunal judgment of December. Mistry has sought more relief from the NCLAT saying...
Jet Airways receives fresh EoIs ahead of the deadline
The UK-based Kalrock Capital, Hyderabad-based Turbo Aviation, Alpha Airways and Canadian citizen Siva Rasiah are among the 11 investors who have submitted expressions of interest in the beleagured airline Jet Airways...
LIC set to subscribe to RIL’s rights issue, may invest ₹3,000 crore
State-run Life Insurance Corp. of India (LIC), the largest institutional investor in the Mukesh Ambani-run Reliance Industries Ltd (RIL), will invest ₹2,500-3,000 crore in the company’s ongoing rights issue, said two...
Paytm Mall looks to invest in online grocery firms to boost its essential delivery business
In a bid to boost its play in delivery of essentials, Paytm Mall has begun discussions with online grocery delivery firms such as Grofers and MilkBasket to make a potential investment, according to two individuals...
Now, Microsoft looks to grab a $2 billion stake in RIL’s Jio Platforms
Microsoft Corp. is negotiating an investment of as much as $2 billion in billionaire Mukesh Ambani’s Jio Platforms Ltd, the digital unit of India’s most valuable company, said two people aware of the discussions...
Ola Electric acquires Etergo, looks to launch electric scooters in India by 2021
Ola Electric Mobility Pvt Ltd, the electric vehicle arm of Ola, has acquired Amsterdam-based Etergo BV, manufacturer of electric scooters. With this acquisition, Ola Electric will enter the premium electric two-wheeler...
Future Retail to raise up to ₹650 cr to reduce debt
Debt-ridden Future Retail on Wednesday said its board has approved raising up to ₹650 crore by issuing non-convertible debentures (NCDs) to pare debt. The NCDs will be issued on private placement basis in one or more...
Tech due diligence will be top priority for firms eyeing M&As
Covid-19 is changing how businesses function and, going forward, due diligence on information technology (IT) requirements will be increasingly important for striking mergers and acquisitions (M&As), fund-raising...
Amazon in talks to buy autonomous vehicle startup Zoox
Amazon.com Inc. is in talks to buy driverless vehicle startup Zoox Inc., according to a person familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts. “Zoox has been receiving...
Indian startups gear up for acquisitions, strategic mergers
The startup space in India is looking at a lot of mergers and acquisitions this year and the next. Stakeholders say bridge funding deals, talks on acquisitions and investments have already begun. “We’ve seen it as a...
