M&A
Reliance group secures BCCI media rights, emerges as cricket broadcasting powerhouse
01 Sep 2023
Over the next five years, Indian cricket will find a new broadcasting home on the Viacom 18 network. In an e-auction held on Thursday, 31 August 2023, the media conglomerate, a subsidiary of Reliance Industries, successfully secured both the linear and digital rights from the BCCI (Board of Control for Cricket in India)
Reliance Retail to buy out minority shareholders
11 Jul 2023
Reliance Retail will pay Rs1,362 per share to a host of global investors, including KKR, Mubadala, Abu Dhabi Investment Authority, General Atlantic, GIC and TPG, who together hold a 10.09 per cent stake in the company
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
HDFC, HDFC Bank to merge in $40 bn deal
01 Jul 2023
The merger, to be effective from 1 July, will create the world’s fifth largest bank with a market valuation of $175 billion, which will be 100 per cent owned by public shareholders
Singapore’s Temasek buys majority stake in Manipal Hospitals
06 Apr 2023
Temasek acquired an additional 41 per cent stake in Manipal Health through Sheares Healthcare India for Rs16,375 cr, taking its stake in India’s second-largest hospital chain to 59 per cent
Reliance to acquire Metro Cash & Carry India in € 500 m deal
07 Nov 2022
The deal includes 31 stores in 21 cities across India, as also land banks and other assets owned by Metro Cash & Carry in India
BP to buy US biogas producer Archaea for $4.1 bn
28 Oct 2022
The addition of Archaea’s production and pipeline has the potential to take BP’s biogas supply volumes to around 70,000 boe/d globally by 2030
Parle in talks with Poland’s Dr Gerard to expand cookie basket
19 Oct 2022
If Parle, which has never been an acquirer - although it has sold some of its own brands – decides to go ahead with the deal, it will be the company’s first acquisition
Adobe to acquire Figma in $20bn cash-and-stock deal
15 Sep 2022
Adobe expects the combination to accelerate the delivery of its Creative Cloud technologies on the web, making the creative process more productive and accessible to more people