Seamless merger versus takeover A seamless merger ensures that both the employees and shareholders of the amalgamating company continue to partake in the business as if nothing has happened. S. Murlidharan...
Will BNP Paribas takeover of Fortis impact here?
BNP Paribas’ takeover of Fortis Bank will have its echo in India, say sources in the know. BNP Paribas, the French bank, has a joint venture in India with Sundaram Finance of Chennai for an asset management...
Takeaways from the Satyam saga
The Satyam scam saga may be, but the Hyderabad IT firm’s woes are not. There is still a lot of uncertainty around the restatement of accounts, legal liabilities, transition plans and surplus employees. The sale to...
New Zealand’s Fonterra exits joint venture with Britannia
Investing in India’s consumer dairy market not a core priority at this time: Fonterra. Bangalore, April 28 Britannia Industries will acquire the entire stake of Fonterra, the company’s joint venture partner...
Germany okays Satyam stake sale to Tech Mahindra
Satyam Computer Services has said it received clearance from the Seventh Division of the Federal Cartel Office of Germany for the acquisition of a controlling stake in the company by Tech Mahindra. Satyam also announced...
A new, improved Satyam?
When I was young (Oh God, there I go again!) a movie running for 100 days was a significant achievement. (Today however, I see posters heralding a triumphant ten-day-run of movies.) Aradhana, the Hindi movie with...
Tech Mahindra open offer for Satyam from June 12
Tech Mahindra’s open offer for a 20 per cent stake in Satyam Computer Services will commence on June 12 and close on July 1. The offer follows the acquisition of a 31 per cent stake in the company last week. Tech...
Titagarh Wagons sees drop in FII holdings ahead of planned merger
Titagarh Wagons has seen around 3.78 percentage points drop in FII holding in its equity in the fourth quarter to March 31 as compared to the previous quarter. However, holdings of five overseas investors — GE...
Everest Kanto completes stake acquisition in CC&L
Everest Kanto Cylinder Ltd completes acquisition of the Kolkata-based Calcutta Compressions and Liquefaction Engineering Pvt Ltd (CC&L). According to an EKC release, the company has acquired 72.65 per cent...
M&A activity declines 60% in Jan-March
Merger and acquisition (M&A) activity declined by nearly 60 per cent in the quarter ended March compared with the corresponding period last year, according to a study. Indian companies were involved in a total of 54...
Bajaj Finserv, Allianz Global sign deal to set up asset management co
Bajaj Finserv Ltd, a Bajaj group company, and Allianz Global Investors have signed an agreement to set up an asset management company (AMC). The AMC, tentatively named Bajaj Allianz Global Investors, will be set up...
Satyam to continue as independent entity’
Tech Mahindra, which has deposited Rs 2,910 crore to acquire 51 per cent stake in Satyam Computer Services, has said that it will allow Satyam to continue as an independent entity with a few changes. The company, which...
