RBI welcomes Foreign Direct Investment in LLPs
In a big benefit move, the Reserve Bank of India (RBI) has allowed foreign direct investment in limited liability partnerships. The LLP Act 2008 allowed foreign nationals and foreign LLPs (Limited Liability Partnerships) to become a partner in ... Views: 515
Shasun Pharmaceuticals has got the approval from Madras High Court for Scheme of Amalgamation with Strides Arcolab Ltd. The Competition Commission of India (CCI) has issued its approval for the proposed merger of drug manufacturers Shasun Pharmaceuticals Ltd and Strides Arcolab. The merger was ... Views: 630
Way back in December 2010, JSW Steel entered into an agreement with Ispat Industries Ltd to acquire 41.4% stake in Ispat at a price of Rs 19.85 per share for Rs 2,157 crore on a preferential basis. The funds were mainly used to improve the liquidity in the company and reduce the debt. Later on, ... Views: 789
Drug firm Strides Arcolab Ltd has completed a sale of its specialties division Agila Specialties Pvt Ltd to the US-based generic drug major Mylan Inc for up to $1.75 billion. However, the company has agreed to Mylan holding back $250 million following a warning letter it received from the drug ... Views: 836
Tech Mahindra completed Satyam’s merger with itself. The merged entity will be called Tech Mahindra and Mr. Anand Mahindra will be its Chairman. Tech Mahindra Managing Director, C. P. Gurnani announced that the swap will be in the ratio of two shares of Tech Mahindra for every 17 shares of ... Views: 563
Billionaire investor Prem Watsa-backed Thomas Cook India had acquired vacation ownership Sterling Holiday Resorts for Rs 870 crore, marking its foray into the hospitality sector. For Thomas Cook, it was the second purchase after Ikya Human Solutions in February 2013. The transaction was ... Views: 634
RBI welcomes Foreign Direct Investment in LLPs
In a big benefit move, the Reserve Bank of India (RBI) has allowed foreign direct investment in limited liability partnerships. The LLP Act 2008 allowed foreign nationals and foreign LLPs (Limited Liability Partnerships) to become a partner in ... Views: 440
Transaction which has triggered the Open Offer Obligation :
Royal Nirman Private Limited (‘RNPL’) has entered into a Share Purchase Agreement (‘SPA’) with Promoter / Seller, WILO SE of the MPF Systems Limited (Target Company) on July 01, 2014 for acquisition of 18,87,697 Equity Shares ... Views: 675
IT Company Mastek Limited, a BSE-NSE Listed Company, had demerged its insurance products and service business into a separate listed company. Mastek is an IT solutions player with global operations providing new technology and intellectual property led enterprise solutions to insurance, ... Views: 454
UltraTech Cement, India’s largest cement maker and part of the Aditya Birla Group, on December 24, 2014, said its board has approved to acquire two cement plants of Jaiprakash Associates in Madhya Pradesh for an enterprise value of Rs. 5,400 crore. The transaction, which is subject to due ... Views: 487
In February 2015, Infosys bought Panaya Inc., a leading provider of automation technology for large scale enterprise software management, for an enterprise value of $200 million (Rs 1,244 crore). The payment was upfront without any earn-outs and in the form of cash. The acquisition is in line ... Views: 724
Market regulator Sebi will take 'necessary' action against listed firms which fail to appoint at least one woman director on their Boards by the end of this month, Parliament was informed today.
The capital markets watchdog had issued guidelines in February last year asking companies to ... Views: 434
The government introduced an anti-black money bill to prevent stashing of illegally acquired money and penalise holders of illegal and undisclosed assets abroad in the Lok Sabha on 20th February 2015.The Undisclosed Foreign Income and Assets (Imposition of Tax) Bill (UFIA) 2015 introduced in the ... Views: 533
Securities and Exchange Board of India (Sebi) is all set to introduce new guidelines for technology-related start-up companies. Sources say Sebi is likely to consider increasing the portion of the issue size allocated to qualified institutional buyers (QIBs) and reduce the minimum number of non- ... Views: 424
The Securities and Exchange Board of India (Sebi) has told the high court at Mumbai that it is investigating complaints against Financial Technologies (FTIL) and connected entities and promoters, including founder Jignesh Shah.
The complaints by investors of scam-hit National Spot Exchange ... Views: 783
“We decided that we weren't going to be in any business that wasn't global. You're not safe if you're only at home. You can't compete in a small pool anymore"
Born on 1st May 1955, in Mumbai, Anand Mahindra is the son of the second daughter of K.C. Mahindra, the founder of Mahindra Ltd. His ... Views: 488
ECommerce
There is no standard definition of the word ‘E-commerce’. It generally means a method of conducting business through electronic means rather than through physical means. Or in other words, buying and selling products through the digital medium, rather than from a brick-and-mortar ... Views: 686
A 1994 report from Department of Economic Affairs, Ministry of Finance found a lack of specialised financial intermediaries offering funds for infrastructure projects. This lead to the birth of IDFC Limited (IDFC) on January 30, 1997. In 1998, the company registered with Reserve Bank of India ... Views: 710
This investment by RIL turnout to be Hostile takeover of Network18
NETWORK18:
Founded by Raghav Bahl, Network18 is one of India’s largest media companies, which owns television channels CNBC TV18, CNN-IBN, CNBC Awaaz; websites Moneycontrol.com, firstpost.com; print magazines Forbes India, ... Views: 481
In order to expand its paper business, US-based International Paper (IP) acquired 75% stake in Hyderabad-based AP Paper Mills for up to $423 million (Rs 1,888 crore) in October 2011. The deal included:
Purchase of a 53.46% stake from the company’s promoters—L.N. Bangur and his family for $257 ... Views: 525
At a time when mergers and acquisitions are increasing at a much faster pace across all industries globally, the failure rate of such acquisitions can be as much as 90%, according to a recent Harvard Business Review report.
So, why so many failures take place in M&A? Is it because companies ... Views: 535
While there are several valuation techniques, one must choose the one which suits the both the buyer and the seller.
Valuation in any merger is the amount a buyer is willing to pay the seller and if the latter is willing to accept the deal amount. There are different techniques to value a ... Views: 570
ALLIANCE INTEGRATED METALIKS LIMITED:
The company started as a financing company in the name of “BS Holding and Credit Private limited” in the year 1989 based in New Delhi. In the year 1996 it was converted into a limited company with the name BS Holding and Credit Private limited” and in the ... Views: 580
Pick up the right negotiating skills to make your deal a success
Be it buying groceries or buying or selling a company, negotiations matters the most to get the best deal. The best practices of deal makers depend on the specifics of the deal. Valuation is the first and foremost phase of deal ... Views: 439
Lalit Bhasin-led HB group recently proposed a restructuring of its three listed companies – HB Stockholdings Ltd. (HBSL), HB Portfolio Ltd. (HBPL) and HB Estate Developers Ltd. (HBEDL). The restructuring was proposed because of financial stress and for a creation of structures where it will be ... Views: 492
At the Tata Group, the two chiefs – the present and the past – has had a varied style of functioning, yet their ultimate goal is to take the group to the zenith and build a global conglomerate to reckon with.
The erstwhile Chairman of the $110 billion salt-to-software conglomerate, Ratan ... Views: 578
In May 2011, Kokuyo S&T Co. Ltd. a consolidated subsidiary of Kokuyo Co. Ltd. ("Kokuyo") entered into an agreement with the promoters of Camlin Limited to purchase majority of Camlin shares (50.3% stake for over Rs. 366 crore in three tranches) after which the Indian firm was converted into a ... Views: 549