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...
Demerger of facility may lift sentiment for Welspun
Steel pipe-maker Welspun Gujarat Stahl Rohren’s decision to de-merge its plate-cum-coil mill into a 100 per cent subsidiary may help improve the market valuation for the parent company. The market value of the...
Oracle acquires Sun Microsystems for $7.4 b
Business software vendor Oracle Corp inched a bit closer to rivals IBM Corp and Hewlett Packard Corp in terms of providing integrated software and hardware solutions after it agreed to buy Sun Microsystems in a $7.4...
Wipro buys Nokia’s mobile TV unit
Wipro Technologies, the global IT arm of Wipro Ltd, has acquired the Mobile Broadcast Solutions unit of cellular handset maker Nokia for an undisclosed sum. The 40-employee enterprise mobile TV unit develops software...
Satyam buy may hasten BT’s exit from Tech Mahindra
Tech Mahindra’s acquisition of a controlling stake in Satyam Computer Services may speed up BT’s exit from the telecom solutions company, it is reliably learnt. The UK-based telecom company has been looking...
FIs object to Pfizer’s open offer for arm
Financial Institutions led by the Life Insurance Corporation (LIC) are objecting to US pharma major Pfizer Inc’s open offer to increase stake in its Indian arm from 41% to 75% on the ground that the offer price of...
Adcock’s plan to buy Medpro hits Cipla hurdle
South African company Adcock Ingram’s plans to buy Cipla Medpro, with whom Indian pharma major Cipla has a 20-year drug-supply agreement, has run into trouble with the Mumbai-based company opposing the $228...
Vangal in talks to acquire Radico Khaitan brands
Serial entrepreneur Ramesh Vangal, who steered Pepsi and Seagram into India, is back in the M&A ring. He has initiated discussions with Radico Khaitan (RKL) to acquire a controlling interest in the brands portfolio...
Wadias complete buying out Danone from Britannia
The Wadia Group today completed buying out of French food giant Danone from their joint venture, Britannnia Industries. In a filing to the Bombay Stock Exchange, Bombay Burmah Trading Corp (BBTC), a Wadia Group company...
Tech Mahindra to pay Rs 1,756-cr before deadline
Tech Mahindra would pay Rs 1,756 crore before the deadline of April 21 for acquiring 31 % stake in Satyam Computer for which it today got the approval from the Company Law Board. Sources in the company said it would pay...
Tech Mahindra gets CLB nod for Satyam buyout
The Company Law Board today approved Tech Mahindra’s proposed acquisition of a 31 per cent stake in Satyam Computer and asked the buyer to deposit Rs 1,756 crore for the deal by April 21 in a designated account...
Satyam ‘weeping orphan’ adopted by Tech Mahindra: CLB
Calling Satyam a "weeping orphan", the Company Law Board (CLB) today said the Hyderabad-based company will now be adopted and nurtured by Venturbay, a subsidiary of Tech Mahindra. Preferring to...
