The approaching deadline for the merger of small public sector banks with their larger counterparts is slowing down resolution of cases under the Insolvency and Bankruptcy Code (IBC). The deadline to complete the...
THDCIL, NEEPCO acquisitions are pricey, but NTPC can make them work
Acquisitions are seldom fair, especially if it involves government companies. NTPC Ltd is paying ₹11,500 crore to acquire the government’s stakes in THDC India Ltd (THDCIL) and North Eastern Electric Power Corp. Ltd...
Yes Bank plans to raise up to Rs15,000 crore, forms new board
Private lender Yes Bank Ltd. on Thursday announced a plan to raise up to Rs5,000 crore via a qualified institutional placement or rights issue. The decision was taken by the newly constituted board of Yes Bank which...
Banking industry in a fix as merger date for PSBs nears
The banking industry is divided over whether to postpone the amalgamation of 10 public sector banks scheduled for 1 April. While some of the smaller banks want the merger to be pushed beyond the deadline, others want it...
Bigbasket acquires Bengaluru-based milk delivery app
Online grocery delivery startup Bigbasket on Monday said that it has acquired 100% stake in Bengaluru-based milk delivery app DailyNinja. The online grocery platform has paid around $15-20 million for the acquisition, a...
Cognizant acquires US-based Lev to expand digital capabilities
In line with its digital strategy, Cognizant Technology Solutions Corp said on Monday it has entered into an agreement to acquire Lev, a privately-held, digital marketing consultancy in the US. “Lev helps businesses...
SoftBank to sell $41 billion in assets, plans big share buyback
SoftBank Group Corp. said it planned to sell up to ¥4.5 trillion ($41 billion) of its assets to buy back shares and redeem debt, in an unprecedented move to combat the tumbling price of its stocks and bonds. The company...
Apis partners’ $110 mn investment deal called off, says L&T fund
L &T Infra Debt Fund Ltd (L&T IDF), an infrastructure debt fund run by L&T Finance Holdings Ltd, said it has called off a $110 million equity investment by private equity firm Apis Partners. L&T IDF had...
‘IBC may be a solution for M&A transactions’
The Insolvency and Bankruptcy Code, 2016, (IBC) has emerged as an attractive route for merger and acquisition (M&A) deals in India for companies eyeing inorganic growth opportunities, said Seshagiri Rao, joint...
Prudential signs $753 mn deal with FWD Group
Prudential Plc, the UK insurer besieged by activist investor Third Point, has agreed to acquire a bancassurance partnership in Thailand from FWD Group Ltd. in a 24.5 billion baht ($753 million) deal. Prudential’s Thai...
IndInfravit completes acquisition of Sadbhav’s road assets for ₹6,300 crore
IndInfravit Trust, an infrastructure investment trust (InvIT) sponsored by the L&T Group, on Thursday, said it has completed the acquisition of nine operational road assets from Sadbhav Infrastructure Project Ltd...
Newer funding sources may kick-start M&A ecosystem
Despite the recent headwinds facing the Indian economy and the fall in overall merger and acquisition (M&A) activity, the domestic market continues to provide interesting opportunities for inorganic growth, said top...
