Mnacritique · Newsroom

SBI to refinance new entity’s Rs 28,000 crore debt in the RCOM-Aircel merger
State Bank of IndiaBSE 1.31 % will refinance debt of Rs 28,000 crore that will be transferred to the entity emerging from a merger of the wireless business of Reliance Communications

July 28, 2016

Quikr acquires Hiree to boost job listings business
Following the acquisition, Hiree will merge with Quikr and the Hiree team, including founders Manjunath Talwar and Abhijit Khasnis, will join Quikr. The combined entity will have more than 4 million active job seekers, Quikr claimed.

July 26, 2016

M&A activity seen easing as India seals fewer deals in first half of 2016
Compared with the historical high in the same period a year ago, the deal count was 26.7% fewer and a deal value was 4% lower, says a MergerMarket report. The top three M&A deals in the first six months of the calendar year.

July 26, 2016

Flipkart’s Myntra acquires Jabong
Myntra beats Snapdeal and other suitors to clinch the deal, the financial details for which have not been made public yet. Jabong, which matched larger rival Myntra in sales until early 2014, has ceded market share since then,

July 26, 2016

Vedanta-Cairn merger offer sweetened for shareholders’ nod
Vedanta and Cairn India have sweetened the deal for shareholders to make way for the merger of the latter with the parent company which has faced delays due to key shareholders expressing concerns over the valuations.

July 25, 2016

Tesla, SolarCity close to merger agreement
Tesla Motors and SolarCity Corp have made progress in putting together a deal that will merge the electric car maker and the solar panel installer, people familiar with the matter said.

July 25, 2016

What's behind the acquisition of Lookup by NowFloats
Lookup founder Deepak Ravindran says that the market is tough, reports Tech in Asia.

July 22, 2016

Bira maker B9 Beverages in talks to sell stake to TR Capital
TR Capital is likely to invest $10 million in B9 Beverages, which will use the funds for expansion of Bira 91 craft beer.

July 22, 2016

JSW Energy to buy Jaiprakash Power's Bina unit for Rs 2,700 cr
Sajjan Jindal-promoted JSW Energy acquired the 500-megawatt (Mw) power plant of debt-laden Jaiprakash Power Ventures at Bina in Madhya Pradesh for Rs 2,700 crore, 10 months after the two firms got into a binding agreement.

July 20, 2016

Hapag-Lloyd warns on profit, seals UASC merger deal
German container line Hapag-Lloyd warned investors that profit would fall in 2016 and signed a binding agreement with Arab peer UASC to form the world's fifth-largest shipping company in response to a global industry crisis.

July 19, 2016

Paramount stake sale could hamper deal for Viacom: National Amusements
Sumner Redstone's privately held movie theater company said on Friday it opposes the sale of a minority stake in Viacom Inc's Paramount Pictures because such a transaction could hurt the chances of a deal involving all of the Viacom.

July 18, 2016

M3M group to sell Gurgaon IT-SEZ to Tata Realty for Rs 500 crore
Real estate firm M3M India has entered into an agreement with Tata Realty and Infrastructure to sell its proposed IT-SEZ at Gurgaon for about Rs 500 crore.

July 18, 2016

Indian Hotels sells Taj Boston for $125 mn
Acquired 10 years ago, the Taj Boston remained a loss-making property for the third consecutive year last year forcing IHCL to explore liquidating options.

July 14, 2016

Merging Flipkart, Snapdeal the best way to beat Amazon
Flipkart, Snapdeal are burning through cash and it doesn’t look like the flames of competition are going to die down while they’re being fanned by Amazon.

July 14, 2016

Nirma cements $1.4-bn Lafarge India buyout
Nirma, the Ahmedabad-based detergent and soap maker, on Monday announced its acquisition of Lafarge India’s 11-million-tonne (mt) cement business for $1.4 billion (about Rs 9,478 crore), including debt.

July 12, 2016

Trivitron buys 60 per cent stake in Turkish firm for 5 million euros
Medical technology firm Trivitron Healthcare has acquired 60 per cent stake in Turkish firm Bome Sanayi Urunleri Dis Tic Ltd Sti for 5 million euros (around Rs 37 crore).

July 12, 2016

ThyssenKrupp keen on merger but Tata deal may take time
ThyssenKrupp AG of Germany has said consolidation of the steel industry in Europe is the only way forward in the light of the current economic environment in the Continent.

July 12, 2016

SBI Capital Markets invites independent valuers for merger of associates, BMB
SBI Capital Markets has invited proposals for an independent valuation and determining the swap ratio for the merger of three State Bank of India (SBI) associates and Bharatiya Mahila Bank with SBI.

July 7, 2016

Singapore snaps up 17 M&As in India
As many as 17 merger and acquisition (M&A) deals with a combined investment of $940 million have been made by Singapore companies with the Indian enterprises in the first half of this year, a global valuation services firm has said.

July 7, 2016

Merger & acquisition deals up as Indian companies look abroad
Merger & acquisition (M&A) deals involving Indian companies increased 82% in the first half of 2016 at $27 billion in the first half of 2016, the highest in the first six months in any year since 2011...

July 7, 2016

1mg Technologies acquires diagnostic labs aggregator Medd
Online healthcare start-up 1mg Technologies Pvt. Ltd on Monday said it has acquired diagnostic labs aggregator Medd (HolaMed Healthcare Technologies Pvt. Ltd) in a move aimed at boosting its diagnostic footprint.

July 6, 2016

SBI to absorb corporate branches of associates post merger
SBI today said the corporate branches of its five associate banks will "fold up" into the parent bank as part of network rationalisation after their merger.

July 4, 2016

12 Biggest Mergers and Acquisitions of 2016
Microsoft’s acquisition of LinkedIn isn’t even top. In a move that no one saw coming, Microsoft announced it would acquire social network, LinkedIn, in what is the largest tech deal of 2016 Monday morning.

July 1, 2016

Airtel, Axiata defer Bangladesh business merger pact
Telecom major Bharti Airtel and Malaysian firm Axiata have deferred the agreement for a merger of their Bangladesh operations till September 26, 2016.

June 27, 2016

TA Associates in talks to buy stake in owner of fashion brand ‘W’
Private equity investor TA Associates Management Lp is in talks to acquire a minority stake in TCNS Clothing Co. Pvt. Ltd, which owns the ‘W’ brand of clothing for women, according to two people close to the development.

June 27, 2016

TPG may be in last lap to buy ICICI Home Finance
ICICI Bank — the country's largest private sector lender — may be on the final lap with private equity firm TPG Capital to sell its wholly-owned home finance subsidiary ICICI Home Finance.

June 27, 2016

Law on the financial restructuring adopted
Draft Law No. 3555 “On Financial Restructuring” (the “Restructuring Law”) aimed at creating effective mechanisms for a voluntary financial restructuring of Ukrainian companies’ debts (the “Voluntary Restructuring”).

June 24, 2016

JSW Energy reopens talks with Jaypee Group for buying three power assets
Months after initial discussions fell through, Sajjan Jindal-controlled JSW EnergyBSE -4.47 % is said to have reopened talks with the Jaypee Group on acquiring three power assets.

June 24, 2016

Govt considers merging 26 banks into six big lenders
Govt considers merging 26 banks into six big lenders

June 24, 2016

Wal-Mart to sell Chinese online business to retailer JD.com
Wal-Mart is selling its Chinese online business to the country's No. 2 e-commerce site in a strategic partnership that it hopes will bolster its presence in the extraordinarily lucrative but increasingly competitive online marketplace.

June 21, 2016

Essar Steel Algoma agrees sale of assets to KPS Capital Partners
Essar Steel Algoma Inc [ESSRGE.UL] (ESA) said on Friday it had agreed to sell its assets to a consortium formed by New York-based private equity firm KPS Capital Partners and its lenders.

June 21, 2016

Who benefits from merger of SBI, associates?
The cost of integration and a potential clean-up of associates’ books will determine whether SBI investors have jumped the gun by driving up the stock sharply.

June 21, 2016

Amazon ties up with Vodafone to acquire 'hesitant' customers
Amazon India is expanding its offline presence in the country as it looks to further localise its offering and bring on board customers who are still reluctant to shop online.

June 20, 2016

LinkedIn’s Acquisition by Microsoft: Ten Takeaways
LinkedIn’s merger with Microsoft means Mr. Softy has been renamed into the cool one-word name club: SoLoMo. The acquisition of LinkedIn shows just how far Microsoft is willing to go from its software roots in pursuit of its cloud vision.

June 17, 2016