M&A

Reliance to disrupt the Cola market with `Campa’

23 Oct 2024

Reliance Consumer Products Ltd (RCPL), the consumer goods arm of Reliance Industries, has revived the Campa Cola brand,

Adani acquires Orient Cement for Rs8,100 crore

22 Oct 2024

Adani Group company Ambuja Cements has agreed to acquire 46.8 per cent shares of B K Birla Group’s Orient Cement Ltd (OCL) for Rs8,100 crore.

Adar Poonawala buys 50% stake in Bollywood studio for Rs1,000 cr

21 Oct 2024

Adar Poonawalla, CEO of the world’s largest vaccine maker, Serum Institute of India (SII), has agreed to buy a 50 per cent stake in Bollywood film studio Dharam Productions for Rs1,000 crore.

StanChart India sells Rs4,100-cr personal loan portfolio to Kotak Mahindra Bank

20 Oct 2024

Standard Chartered Bank, India (StanChart) is selling around Rs4,100 crore ($490 million) of outstanding personal loans to Kotak Mahindra Bank Ltd (KMBL).

JSW-JFF venture to buy Thyssenkrupp Electrical Steel India for $482 million

19 Oct 2024

A joint venture of JSW Steel and Japanese steel maker JEF Steel Corp is acquiring the Indian unit of German steel giant Thyssenkrupp for Rs4,051 crore ($482.1 million) in cash

Temasek arm Fullerton to take controlling stake in Lendingkart: report

19 Oct 2024

Fullerton Financial Holdings (FFH), the lending arm of Singapore-based investment fund Temasek, will be raising its holding in fintech start-up Lendingkart

Reliance Brands UK to acquire 51% stake in Mothercare South Asia for $20.8 m

18 Oct 2024

Reliance Brands Holding UK Ltd a wholly-owned subsidiary of Reliance Brands Ltd, the brand acquisition arm of Reliance Industries Ltd

Adani Group in talks to acquire Heidelberg Cement India: report

10 Oct 2024

The Adani Group is reported to be in talks to acquire Heidelberg Cement India Limited, the German group’s Indian cement operations, which has a current valuation of about $1.2 billion.

Chevron Canada to sell assets to Canadian Natural Resources for $6.5 bn

10 Oct 2024

US multinational oil and energy group Chevron Corporation on Tuesday announced plans to sell its Canadian assets in the Athabasca oil sands and Duvernay shale formation to Canadian Natural Resources

Rio Tinto to acquire Arcadium Lithium for $6.7 billion

10 Oct 2024

Rio Tinto, the world’s second-largest metals and mining group, has agreed to acquire smaller peer Arcadium Lithium for $5.85 per share, valuing the company at $6.7 billion, in an all-cash transaction.

Rio Tinto moots acquisition of Arcadium Lithium

07 Oct 2024

British-Australian mining giant Rio Tinto has proposed to acquire lithium miner Arcadium Lithium regarding a potential acquisition of the global supplier of lithium chemical.

Thyssenkrupp loses appeal against EC veto on Tata Steel joint venture

07 Oct 2024

Thyssenkrupp has lost its fight against an anti-trust ruling by European Commission on its proposal for a joint venture with Tata Steel Europe

Sabadell shareholders accuse BBVA of worsening its bid with modified offer

04 Oct 2024

Shareholders of Spanish bank Banco Sabadell have accused its larger peer BBVA of “worsening” the takeover offer by announcing a modification to the original bid offer, undervaluing the bank further.

RIL gets govt nod for transfer of Viacom-18’s non-news TV channels to Disney’s Star India

01 Oct 2024

The ministry of information and broadcasting has given final approval for license transfer of Viacom18's non-news and current affairs TV channels to Star India, following the merger of the two entertainment channels.

Novartis India refutes media reports of negotiations with Alkem Labs

27 Sep 2024

Novartis India, has refuted media reports stating that its parent company is in talks with Mumbai-based Alkem Labs for sale of the Indian arm.

Shankh Air gearing for takeoff as Air Kerala awaits a 2025 launch

25 Sep 2024

Two new Indian airlines are aiming to take to air with preliminary clearance from the civil aviation ministry, but both have to obtain approval from the country’s civil aviation authority

CMA CGM acquires 48% stake in Brazil port terminal operator Santos Brasil

23 Sep 2024

French shipping giant CMA CGM has acquired 48 per cent stake in Brazilian port terminal operator Santos Brasil Participacoes, for about $1.15bn

New blast furnace ups crude steel capacity at Tata Steel Kalinganagar by 5 million tonnes

22 Sep 2024

Tata Steel on Friday commissioned a 5 million tonnes per annum capacity blast furnace at Kalinganagar, Orissa, raising the plant’s crude steel capacity to 8 million tonnes from 3 million tonnes.

OYO to acquire G6 Hospitality from Blackstone for $525 m in cash

22 Sep 2024

Oravel Stays, the parent company of hospitality and travel technology company OYO, has agreed to acquire economy lodging franchisor G6 Hospitality, the parent company of Motel 6 and Studio 6 brands

Tata Steel secures £500 m UK govt grant for green steel initiative at Port Talbot

21 Sep 2024

Tata Steel has secured a £500 million grant from the UK government for the construction of an electric arc furnace at its Port Talbot steel plant in Wales

Raymond plans to list demerged Lifestyle business next week

04 Sep 2024

Raymond Group on Monday announced plans to list the demerged entity Raymond Lifestyle on the stock exchanges sometime next week.

Adani Ports acquires 80% stake in Astro Offshore for $185 m in cash

03 Sep 2024

Adani Ports and Special Economic Zone (APSEZ) has entered into a definitive agreement with Astro Offshore under which it will acquire a majority stake in the offshore support vessel operator for $185 million, in cash.

NCLT shows green light for merger of Reliance's Viacom18 and Disney's Star India

02 Sep 2024

A day after the Competition Commission of India gave its conditional approval for merger of entertainment platforms Walt Disney’s Star India and Reliance Industries’ Viacom-18 Private Ltd

Zee settles all disputes with Sony group over failed merger

27 Aug 2024

Zee Entertainment Enterprises Ltd on Tuesday said it has settled all disputes with Sony Pictures Network India over the termination of its $10 billion merger deal with the latter in January this year.

Siemens Healthineers submits binding offer for Novartis’s molecular imaging business

27 Aug 2024

Siemens Healthiness AG is reported to have submitted a binding offer for acquiring the molecular imaging business of Swiss Drugmaker Novartis.