M&A
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.
Reliance, Disney mull concessions for merger approval by CCI
20 Aug 2024
Reliance and Walt Disney have offered to sell some regional language channels to address anti-trust concerns raised by the Competition Commission of India (CCI) over the $8.5 billion (Rs71,350 crore) merger of their India media assets
Candy maker Mars to buy snacks maker Kellanova for $36 billion
20 Aug 2024
American multinational confectionery and pet food manufacturer Mars Incorporated has agreed to acquire Cheez-It maker Kellanova, better known as Kellogg’s, in a $36 billion all-cash deal.
News Corp weighs sale of its cable TV and streaming business in Australia
09 Aug 2024
Rupert Murdoch's media business News Corp is reported to be weighing the sale of its cable TV and streaming business in Australia, Foxtel, after it received an interest from a third party.
CCI approves transfer of ATC India shares to Data Infrastructure Trust
09 Aug 2024
Competition Commission of India (CCI) has approved the proposed acquisition of the entire share capital of ATC Telecom Infrastructure Private Limited (ATC India) by Data Infrastructure Trust (DIT)
Hewlett Packard Enterprise gets EU approval for $14 bn Juniper deal
06 Aug 2024
The EU Commission on Thursday announced its decision to grant blanket approval for Hewlett Packard Enterprise’s $14 billion acquisition of Juniper Networks
Mankind Pharma to buy Bharat Serums and Vaccines in a Rs13,630-cr deal
27 Jul 2024
Mankind Pharma is acquiring Bharat Serums and Vaccines (BVS) from private equity firm Advent International in a deal valued at Rs13,630 crore.
Adani-Sirus joint venture to acquire 77.5% stake in Coredge.io parent Parserlabs
19 Jul 2024
Sirius Digitech Limited, a joint venture of Adani Group and Sirius International Holding, a subsidiary of International Holding Company (IHC)
Bosch looks to acquire appliance maker Whirlpool report
29 Jun 2024
Robert Bosch, a leading global supplier of products and services in the areas of mobility, industrial technology, consumer goods
Axis Bank invests additional Rs336-cr in Max Life, raises stake to 19.99%
20 Jun 2024
Axis Bank, India’s third-largest private sector lender, has acquired additional equity shares of Max Life Insurance Company worth Rs336 crore
Amazon buys part of Times Internet’s video streaming service MX Player
10 Jun 2024
E-commerce major Amazon has signed a definitive agreement to acquire part of video streaming service MX Player from Times Internet
Singapore Airlines gets 25.1% stake in Air India after Vistara merger
09 Jun 2024
Singapore Airlines will have 25.1 per cent stake in Air India after the National Company Law Tribunal (NCLT) on Thursday approved the merger of Air India and Vistara.
ITC shareholders approve demerger of hotel business
06 Jun 2024
Diversified group ITC Ltd on Thursday said 99.6 per cent of its shareholders approved the demerger of its hotels business which will be listed as a separate entity.
BHP proposes mining consolidation with Anglo American
11 May 2024
Australian mining giant Broken Hill Proprietary Company Limited (BHP) has proposed to take over smaller peer Anglo American in an all-share deal that values the company at $38.9 billion
LyondellBasell weighs divestment of European business
10 May 2024
Petrochemicals giant LyondellBasell is moving ahead with plans to divest its vast petrochemicals business in Europe, as part of the company’s plan to divest non-core assets.
Shell to sell Singapore refining and petrochem assets to Chandra Asri-Glencore joint venture
10 May 2024
British multinational oil and gas company Shell Plc on Wednesday said it has agreed to sell its entire stake in Singapore refinery and petrochemicals business to a joint venture between Indonesian
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Market predator Hindenburg preys on Adani stock
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Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation