Mnacritique · Newsroom

Suzlon forms JV with Ostro Energy for 50-mw solar project
The Suzlon group today announced that it has entered into a joint venture with Ostro Energy for development and construction of a 50-mw solar project in Telangana.

October 27, 2016

Tata Realty emerges frontrunner to buy Durg bypass project
Tata Realty and Infrastructure Ltd (TRIL) has emerged as the frontrunner to buy 18.4-km two-lane bypass in Durg, Chhattisgarh, from Nagpur-based infrastructure company SMS Ltd

October 26, 2016

Question merger of Aditya Birla's financial services arm with Grasim: IiAS
Proxy advisory firm IiAS has raised doubts if Aditya Birla Financial Services (ABFL) would benefit from the recently announced restructuring plan by the Aditya Birla Group.

October 21, 2016

Tabcorp to buy Tatts for $4.9 billion, creating Australian betting powerhouse
Australia's Tabcorp Holdings (TAH.AX) has agreed to acquire rival Tatts Group (TTS.AX) for around A$6.4 billion ($4.9 billion), forming a gambling powerhouse in an effort to fend off a growing challenge from overseas online rivals.

October 21, 2016

Cabinet may clear stake sale in 20 PSUs on Wednesday
The cabinet is expected to clear the plan to cut majority stake in around 20 state-run firms on Wednesday , including several profit-making entities, signaling a restart of equity sale in public sector companies after a 12-year gap.

October 19, 2016

ABG Shipyard may sell controlling stake to Russian firm
Debt-laden ABG Shipyard would soon get a new owner as promoters of the company are in advance talks with a Russian shipbuilder for sale of controlling stake.

October 19, 2016

Zephyr Peacock to invest in potato seeds firm Utkal Tubers
Private equity (PE) fund Zephyr Peacock is investing in Utkal Tubers India Pvt. Ltd, an early-stage potato seeds company, a top fund executive said.

October 18, 2016

Italy’s Biggest Bank Merger Since 2007 Wins Investor Backing
The approval of Italy’s biggest banking merger in almost a decade marks the first step in a process of consolidation urged by regulators, investors, and Prime Minister Matteo Renzi.

October 18, 2016

DuPont Said to Seek Buyer for Herbicides to Ease Merger With Dow
DuPont Co is planning to sell a business making herbicides help reduce potential antitrust sticking points to a $59 billion merger with U.S. competitor Dow Chemical Co., according to people with knowledge of the situation.

October 17, 2016

Twitter charts solo path as Salesforce rules out takeover
Twitter Inc faces an uncertain future after Saleforce.com Inc, the last of the companies believed to be interested in buying the troubled social network, said on Friday that it would not make a bid.

October 17, 2016

BPM CEO sees 20-30 percent chance merger will fail: FT
The chief executive of Banca Popolare di Milano (BPM) sees a 20-30 percent risk shareholders will sink a merger with rival Banco Popolare to create Italy's third-largest bank, the Financial Times said on Thursday.

October 15, 2016

Verizon Is Said to See Yahoo Breach Affecting Acquisition
Verizon Communications Inc.’s top attorney said it would be reasonable to assume that the hack into Yahoo! Inc.’s e-mail accounts represent a material impact on the phone carrier’s acquisition of the internet company’s

October 15, 2016

Dr Agarwal’s Health Care in talks to raise Rs300 crore
Dr. Agarwal’s Health Care Ltd is looking to raise as much as Rs300 crore from private equity funds to expand its eye-care chain, run by its publicly traded unit Dr. Agarwal’s Eye Hospital Ltd, two people aware of the development said.

October 15, 2016

Jindal Aluminium plans to venture into real estate business
Jindal Aluminium, one of India’s largest manufacturers of aluminium extrusions, plans to venture into real estate business to monetize its 360-acre land parcels spread on the outskirts of Bengaluru, Delhi, and Mumbai

October 14, 2016

TPG-Temasek, IVFA in final negotiations to buy KIMS hospital
A consortium of global private equity funds TPG Capital and Temasek Holdings Pte Ltd, and India Value Fund Advisors (IVFA) are separately in advanced discussions to buy Kerala Institute of Medical Sciences (KIMS)

October 14, 2016

Piramal Enterprises to buy 5 Janssen drugs for Rs 1,164 crore
Piramal Enterprises has agreed to acquire five injectable anesthesia and pain management products of Janssen Pharmaceutica for about $175 million or Rs 1,164 crore.

October 13, 2016

Radio Mirchi partners with Gaana in content sharing alliance
Gaana, India's largest online music broadcasting app, is expanding its mix of unique and exclusive audio content, by adding Mirchi Murga and Hansi ke Phuwarey, two of Radio Mirchi's most popular humor shows.

October 7, 2016

Ventureast raises $85 million to invest in tech start-ups
Venture capital firm Ventureast has achieved the first close of about $85 million for its sixth fund, Ventureast Proactive Fund II (VPF2), a top company executive said.

October 7, 2016

Twitter to conclude sale deliberations this month: Source
Twitter Inc has told potential acquirers it is seeking to conclude negotiations about selling itself by the time it reports third-quarter earnings on Oct. 27, according to people familiar with the matter.

October 7, 2016

Orient Cement front-runner to buy JP Associates stake in Bhillai JV
Orient Cement, part of the $1.6 bn CK Birla Group has emerged as the front-runner to buy out the majority stake of Manoj Gaur led Jaiprakash Associates in its subsidiary Bhillai Jaypee Cement

October 6, 2016

Netmeds in talks to buy medicine delivery startup Pluss
Chennai-based online pharmacy Netmeds is in late-stage discussions to acquire on-demand medicine and healthcare products delivery service Pluss in an all-stock deal, with the merged entity looking to potentially take on market leader 1mg.

October 5, 2016

EXL has $200-mn war chest to acquire firms
Noida-based business process outsourcing (BPO) company EXL is looking at spending $200 million to acquire companies in the field of insurance, banking and analytics as it looks to strengthen its core verticals.

October 3, 2016

Government readies plan for big-ticket stake sale in 22 PSUs
India is preparing a plan for big-ticket asset sales that involves the disposal of controlling stakes in 22 listed and unlisted companies as the Centre looks to meet the full-year disinvestment target of Rs 56,500 crore

October 3, 2016

M&A deals slowdown by 50% in July-Sept quarter: Venture Intelligence
The merger and acquisition which had seen a fast rise in last one year seem to have hit a bump as both private equity as well as venture capital investments in India declined by 50%

October 3, 2016

OmniActive Health Technologies eyes stake in fragrance maker Indfrag
OmniActive Health Technologies, a supplier of ingredients to the healthcare and food industries, is in talks to buy a significant stake in Bengaluru-based fragrance and speciality chemicals maker Indfrag Ltd

October 1, 2016

Fairfax to raise $500 mn for India buys
Enthused with his investments giving good returns in India, Canada-based billionaire Prem Watsa-owned Fairfax Financial Holdings is raising $500 million to fund its acquisitions in the country.

September 30, 2016

Go-Jek acquires health-care startup Pianta to bolster its engineering team
Go-Jek, the Indonesian ride-hailing service backed by Sequoia Capital, KKR & Co., and Warburg Pincus, has acquired Bangalore-based health-care marketplace Pianta, its third acquisition in India.

September 30, 2016

Tech start-ups excited over acquisition of Tuplejump
After the news broke out on Thursday that the US technology giant Apple has acquired a Hyderabad-based start-up Tuplejump, the deep technology companies in the city are excited as the technological innovations are being recognised

September 26, 2016

Realty company Prestige may sell $300m stake in rental unit
India's second-largest listed real estate developer Prestige Estates ProjectsBSE 0.74 % plans to raise at least $300 million, around Rs 2,000 crore, by selling up to 40% stake

September 23, 2016

IOC eyes entire GSPC stake in Mundra LNG terminal
Indian Oil Corp. Ltd (IOC) wants to buy Gujarat State Petroleum Corp.’s (GSPC) entire stake in the GSPC-Adani liquefied natural gas (LNG) terminal being built in Mundra, Gujarat.

September 23, 2016

Zydus Cadila partners Takeda for chikungunya vaccine
Japanese pharmaceutical giant Takeda Pharmaceutical has entered into a partnership with Ahmedabad-based ZydusBSE 0.14 % Cadila to develop the first ever vaccine to tackle Chikungunya, an emerging infectious disease.

September 21, 2016

Canada’s CDPQ in talks to pick up to 35% in Azure
Canadian pension fund Caisse de depot et placement du Quebec (CDPQ) is in talks with solar-energy developer Azure Power to buy up to 35% stake in the company for about $180 million

September 19, 2016

Austria's Raiffeisen banks could decide on merger next week
Vienna-based lender Raiffeisen Bank International (RBI) and unlisted parent Raiffeisen Zentralbank (RZB) could decide as early as next week whether or not to merge.

September 19, 2016

ONGC considers buying stake in Gujarat State Petroleum Corp, appoint Ryder Scott for assesment
ONGCBSE 4.12 % is considering buying a stake in a field operated by Gujarat State Petroleum Corp, but given the large investment involved, the company has appointed Ryder Scott,

September 12, 2016

Brookfield set to buy majority stake in Reliance Communications towers; Anil Ambani to stay on as minority partner
Brookfield, the world's 2nd biggest manager of alternative assets like real estate and private equity from Canada, is closing in to buy a majority stake in Anil Ambani's telecom tower business, said sources aware of the developments.

September 12, 2016

Phoenix Mills looks to sell stakes in two malls
The promoters of Mumbai-based property developer Phoenix Mills are looking to sell 50 per cent stake in two of the company's mixed-use projects at Pune and Bengaluru, said a source in the know.

August 31, 2016

SBI directs five associate banks to clean up books before proposed merger
State Bank of IndiaBSE 0.54 % has directed five associate banks to clean up their books as a prelude to the proposed merger — the move that has led to Rs 2,018 crore combined losses of associate banks in the first quarter ending June this year.

August 9, 2016

AirAsia to launch leasing business stake sale
AirAsia, Asia's biggest budget airline, will kick off the sale of a majority stake in its plane-leasing unit this month, a deal that could value the business at about $1 billion, people familiar with the matter told Reuters.

August 5, 2016

Nokia quarterly profit halves on weak network sales, merger distractions
Nokia's second-quarter profit fell more sharply than expected as telecom operators around the world spent less on faster mobile networks, prompting the company to lift its cost-cutting target following its merger with Alcatel-Lucent.

August 5, 2016

Samsung Said in Talks to Buy Assets of Fiat Auto-Parts Unit
Samsung Electronics Co. is in advanced talks to buy some or all of the operations of auto-parts maker Magneti Marelli from Fiat Chrysler Automobiles NV, according to people familiar with the matter.

August 5, 2016

3 Associates tells SC it plans to buy Sahara’s overseas hotels for $1.3 bn
Firm tells SC it plans to buy Grosvenor House Hotel in London, and Plaza Hotel and Dream Downtown in NY.

August 5, 2016

Start-ups take the merger route in quest for profitability
For start-ups getting into partnerships in their quest to find success and profitability has become the new big thing.

August 4, 2016

Dr Reddy's completes acquisition of Teva's US portfolio of 8 products
Pharma major expects some products to add to its top line in 2018; products were being divested by Teva as a condition to close acquisition with Allergan.

August 4, 2016

Flipkart ties up with Ola to promote Lenovo smartphones to its customers
The campaign which is being launched in Mumbai, Delhi, Chennai, Bangalore and Pune starting August 1 will be available to users of Ola's premium Prime service.

August 1, 2016

Government open to deliberating on merger of oil firms: Dharmendra Pradhan
Government is open to deliberating on the issue of mega-merger of state-owned oil firms for creating a behemoth, Union Minister Dharmendra Pradhan said.

August 1, 2016

Anglo American rebuffs Anil Agarwal’s merger plan
Anil Agarwal, who has majority control of Hindustan Zinc through Vedanta, contacted Anglo American to discuss potential ideas including a combination with the Indian zinc miner.

August 1, 2016

Hero Electronix buys TES DST India business
The Hero Group’s new division will focus on supporting design and manufacture of electronic products for global companies.

July 30, 2016

Billionaire Roekke Forces New Merger in Norway Oil Industry
Solstad Offshore ASA, a supply vessel company controlled by Kjell Inge Roekke, will merge with rival Rem Offshore ASA in the latest deal orchestrated by the Norwegian billionaire to take advantage of the collapse in crude prices.

July 30, 2016

China’s Fosun to buy Gland Pharma for $1.3 billion
Fosun’s bid for a controlling stake in Gland Pharma is a rare instance of a Chinese drugmaker seeking to buy an Indian company.

July 28, 2016

ONGC, HPCL may sell stake in MRPL to meet public holding norms
State-owned Oil and Natural GasBSE 0.04 % Corp (ONGC) and Hindustan Petroleum Corp Ltd (HPCL) may sell a part of their stake in Mangalore Refinery and Petrochemicals LtdBSE 0.62 % (MRPL) to comply with regulations on minimum public holding.

July 28, 2016