The government may consider selling up to 5 per cent stake in the state insurer Life Insurance Corporation (LIC) this financial year in order to meet the minimum public shareholding (MPS) norm, Business Line reported...
Airtel’s data centre business Nxtra, Indus Towers merger unlikely: CEO Vittal
Bharti Airtel is unlikely to merge its data centre business-Nxtra-with tower provider Indus Towers, as the company would prefer flexibility by keeping the assets unbundled, top executives of the country’s second...
The big hospital merger: Aster DM, Care to sign deal next month
Bengaluru-based Aster DM Healthcare and Hyderabad-based Care Hospitals plan to join hands next month in a marriage blessed by private equity giant Blackstone, two people aware of the matter said. While Aster DM promoter...
The big picture behind Google’s largest acquisition failure
Two weeks ago, the tech industry was abuzz with the news of Alphabet, Google’s parent, trying to acquire cloud security startup Wiz for around $23 billion. It was to be Alphabet’s largest acquisition ever...
Snickers maker Mars explores acquisition of Kellanova, sources say
Family-owned food giant Mars, whose candy brands include M&M’s and Snickers, is exploring a potential acquisition of Kellanova, maker of snacks such as Cheez-It and Pringles, according to people familiar with...
Tata Motors board approves demerger into two listed companies, scheme to conclude within 15 months
Tata Motors Ltd (TML) announced on Thursday, August 1, that its board approved the demerger scheme of its commercial vehicle (CV) arm, which will eventually lead to two separate listed entities. India’s most...
NIIF-backed IntelliSmart plans to buy majority stake in CyanConnode’s India ops
National Investment and Infrastructure Fund (NIIF) backed IntelliSmart Infrastructure Pvt Ltd is in talks with global smart metering major CyanConnode to acquire a majority stake in its Indian operations, said two...
Adani Wilmar could add regional kitchen essential brands to portfolio, seeking wider market share
Edible oil maker Adani Wilmar Ltd said it could invest in regional companies in categories such as spices, condiments and ready-to-cook meals, aiming for a larger share of the packaged food market. “After we bought the...
Alaska-Hawaiian Merger Decision Delayed to Mid-August
Antitrust enforcers looking into Alaska Air Group Inc.’s plan to buy Hawaiian Holdings Inc. will take more time to decide on the proposed $1.9 billion deal. The Justice Department and state attorneys general now have...
Fortum to sell majority stakes in renewable, EV charging businesses in India
Finnish state-run energy giant Fortum Oyj has engaged EY and London-based Opus Corporate Finance LLP to oversee the sale of majority stakes in its Indian renewable energy platform and electric vehicle (EV) charging...
Blackstone makes move for ₹40,000 crore entry into Indian snacks market, to acquire 51% stake in Haldiram’s: Report
Blackstone Inc., the American investment firm, is expected to bid nearly ₹40,000 crore for a 51 per cent stake in the iconic Indian snack brand Haldiram’s, Moneycontrol reported on Monday, July 29, quoting people...
Bankruptcy court orders liquidation of Future Retail as resolution eludes
It’s the end of the road for Kishore Biyani-led Future Retail Ltd, which once led India’s organized retail revolution. The National Company Law Tribunal (NCLT) on Monday ordered liquidation of the company, setting...
