The Naresh Goyal-promoted Jet Airways, the country’s second-largest private airline by the market share , is opposed to the government’s plan to allow foreign airlines to invest in domestic carriers. His...
MP Labs accepts exit price for Matrix shares
MP Laboratories (Mauritius) has issued a public notice to the shareholders of Matrix Laboratories that it has accepted the price of Rs 211 an offer share (‘exit price’) established by the reverse book...
Taro acquisition may cost Sun Pharma Rs 1,000 cr
Indian drug firm Sun Pharma may have to shell out up to Rs 1,000 crore this fiscal for acquiring Israel-based Taro Pharmaceuticals. "If we are able to get all the shares of Taro...
AB Group may not buy L&T’s stake in UltraTech
Aditya Birla Group is unlikely to buy Larsen & Toubro’s (L&T) 11.5% stake in its subsidiary UltraTech Cement, as it does not want to launch the mandatory open offer, which, if successful, would scale up...
Novartis hikes offer price to Rs 450 a share
Swiss drugmaker Novartis has increased its offer price to acquire an additional 39 per cent in Novartis India Ltd, from the initially proposed Rs 351 to Rs 450 a share. The 28 per cent hike in offer price was to...
Bharti-MTN deal: Pointer to the future
The merger talks between Bharti Airtel and South African telecom company, MTN, is a pointer to an emerging trend in the Indian telecom growth story. Saturated urban markets, declining average revenue per user, tighter...
Taro acquisition may cost Sun Pharma Rs 1,000 crore
Indian drug firm Sun Pharma may have to shell out up to Rs 1,000 crore this fiscal for acquiring Israel-based Taro Pharmaceuticals. "If we are able to get all the shares of Taro Pharmaceuticals, including promoters...
Axiata mulls open offer to raise stake in Idea
Malaysian shareholder wants parity with Aditya Birla group A battle is brewing between the two major shareholders of Idea Cellular, Axiata Group (formerly Telekom Malaysia) and the Aditya Birla group, as a result of the...
Novartis may revise open offer price
Likely to increase buy-back offer from Rs 351 to Rs 425-450. Switzerland-based, Novartis AG, the parent company of Novartis India, is likely to revise its open offer price to buy back an additional stake of up to 39 per...
JAL gets HC nod for merger of group firms with itself
Diversified infrastructure group Jaiprakash Associates (JAL) today said it has received approval from the Allahabad High Court for the proposed merger of four group companies with itself. In a filing to Bombay Stock...
Banks may consider merger to sustain growth: CARE
State-run banks may consider merger as an important option to sustain growth, rating firm Credit Analysis and Research Ltd (CARE) said on Thursday. Banks, unable to dilute stake to raise capital because...
RCom shareholders okay demerger of optic fibre division
Anil Ambani group firm Reliance Communications (RCom) today said its shareholders have approved the demerger of its optic fibre division to its infrastructure division Reliance Infratel. In a filing to the Bombay Stock...
