Mnacritique · Newsroom

Tata Steel could merge some of its subsidiaries: MD, TV Narendran
Tata Steel may merge some of its subsidiaries in a review of its assets portfolio even as India’s oldest maker of the alloy looks at brownfield expansion in Odisha, penciling in a demand revival.

June 26, 2017

Sycamore Partners close to deal to acquire Staples - sources
Private equity firm Sycamore Partners is in advanced talks to acquire Staples Inc following an auction for the U.S. office supplies retailer, people familiar with the matter said on Wednesday, in a deal that could top $6 billion.

June 23, 2017

Canada's Cenovus facing tough market for critical asset sales
Cenovus Energy Inc's (CVE.TO) efforts to sell C$5 billion ($3.8 billion) of energy assets, already facing a rocky road because weak oil prices are depressing the appetite for deals

June 23, 2017

SoftBank invests $100 million in security start-up Cybereason
Cybereason Inc. raised $100 million from SoftBank Group Corp., bringing another cybersecurity business closer to the $1 billion valuation that has become the hallmark of a heavyweight technology start-up.

June 23, 2017

Petronet in talks to buy stake in GSPC’s Mundra LNG terminal
Petronet LNG Ltd, India’s biggest importer of liquid gas, is in talks to buy 25% stake in Gujarat State Petroleum Corp.’s (GSPC) almost complete Rs4,500 crore Mundra LNG import terminal in Gujarat.

June 23, 2017

Reliance Defence, France's Thales to form JV for military hardware
Reliance Infrastructure (RInfra) on Wednesday announced its subsidiary Reliance Defence's intent to form a joint venture (JV) with French aerospace and defence electronics major Thales to develop skills and activity in military hardware.

June 22, 2017

Will Tata again pilot Air India? Group in talks with govt to buy airline back
As Air India’s privatisation gathers momentum, the national carrier's history may just come a full circle. The carrier's founder, the Tata Group, is believed to have held preliminary and informal talks with senior members

June 22, 2017

Constellation Alpha raises $144 million in Nasdaq IPO
Constellation Alpha Capital Corp. (CNAC), an India-focused special purpose acquisition firm, Tuesday said it has raised $143.75 million through an initial public offering on US stock exchange Nasdaq.

June 21, 2017

Hero Future Energies eyes renewable assets of Equis energy
Hero Future Energies, the renewable energy arm of the Pawan Munjal-led Hero Group is evaluating options for its biggest bet yet in the burgeoning clean energy segment.

June 21, 2017

IHH Healthcare set to seal deal for Fortis, SRL stake
IHH Healthcare Bhd, Asia’s largest private hospital operator, is set to buy a controlling stake in Fortis Healthcare Ltd and SRL Diagnostics from billionaire brothers Malvinder and Shivinder Mohan Singh in a deal

June 20, 2017

Edelweiss files bankruptcy case against Kohinoor CTNL Infrastructure
Edelweiss Asset Reconstruction Company has dragged Kohinoor CTNL Infrastructure, a Mumbai-based property developer, to the court proposing to wind up the defaulting borrower.

June 20, 2017

Vedanta to set up steel plant in Jharkhand in JV with JSMDC
A steel plant would soon come up at Manoharpur in West Singhbhum district, Jharkhand Chief Minister Raghubar Das said here today.

June 19, 2017

Kiko Milano seeks to invest GBP 25 million to open 100 stores in India over next 5 years
Beauty isn’t skin-deep: It’s mega business for specialist cosmetics brands such as Kiko Milano. The Italian company, at the forefront of Europe’s expanding beauty and wellness industry

April 10, 2017

Home-grown PE firm True North acquires Religare Health Insurance for Rs 1,300 crore
Religare Enterprises Ltd (REL), promoted by Malvinder and Shivinder Singh, is selling its entire 80% stake in Religare Health Insurance Co (RHI) to a consortium of investors led by private equity firm True North.

April 10, 2017

Warburg Pincus announces Rs 500 crore investment in Kalyan Jewellers
US private equity firm, Warburg Pincus has agreed to invest Rs 500 crore in Kalyan Jewellers, taking its total commitment to the Kerala-based gold retailer to Rs 1,700 crore.

April 4, 2017

Post merger, SBI sees no negative surprises on NPAs
State Bank of India (SBI) does not expect any negative surprises on the stressed asset front post-merger, which will be completed by May-end, its Chairman Arundhati Bhattacharya said.

April 4, 2017

Vodafone approached DoT before announcing Idea merger
Vodafone India had started the process for its merger with Aditya Birla Group company Idea Cellular by approaching the department of telecommunications (DoT) even before Vodafone Group Chief Executive Officer Vittorio Colao’s

March 21, 2017

Deutsche Bank to raise $8.6 billion after pricing share sale
Deutsche Bank AG said it will raise €8 billion ($8.6 billion) from a capital increase starting this week as the lender seeks to shore up its finances and boost growth.

March 20, 2017

ONGC signs pact to buy out GSPC's KG block stake for $1.2 billion
State-owned Oil and Natural Gas Corporation (ONGC) has signed definitive agreements to buy out debt-ridden GSPC's entire 80 per cent stake in KG-basin natural gas block for $1.2 billion.

March 20, 2017

Kedaara Capital eyeing stake in microfinance firm Spandana Sphoorty
Seven years after being hit by the microfinance crisis that originated in Andhra Pradesh, control of microfinance lender Spandana Sphoorty Financial Ltd is set to change hands.

March 17, 2017

Parliamentary panel suggests BSNL-MTNL merger for long-term survival
A Parliamentary panel has suggested merger of state-run telecom firms Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) for their long-term survival.

March 17, 2017

Merger of SBI, Bharatiya Mahila Bank to herald slew of reforms
The government is expected to initiate reforms in the financial sector soon, starting with merger of Bharatiya Mahila Bank with State Bank of India, India’s largest lender.

March 16, 2017

Havells acquires consumer biz of Lloyd Electric for Rs 1600 cr
HavellsBSE -1.15 % India, India's leading makers of branded electrical products, has acquired the consumer durable business (CDB) of the Lloyd ElectricBSE -12.76 % and Engineering for an enterprise value of Rs 1,600 crore.

February 20, 2017

Lufthansa bets on India growth; to boost ties with Jet Airways
Bullish on Indian market, European airliner group Lufthansa plans to enhance bilateral ties with Jet Airways for increased connectivity to new cities and launch flight from Brussels to Mumbai next month.

February 17, 2017

Bombay Dyeing to infuse new life into retail arm
Bombay DyeingBSE 2.06 %, the textile flagship of the Wadia Group, has roped in PricewaterhouseCoopers, Microsoft, KPMG and EY to restructure its retail business and turn it profitable as early as next fiscal year.

January 9, 2017

Monnet Ispat’s lenders restart stake sale process
Lenders to Monnet Ispat and Energy Ltd have restarted the process of selling a majority stake in the company, according to an advertisement posted by SBI Capital Markets on its website.

January 7, 2017

Kalyan Jewellers to invest Rs 500 cr to open 15 stores in 2017
Kalyan Jewellers, which launched 17 showrooms in 2016, plans to invest over Rs. 500 crore in 2017 towards its network expansion to open 15 new showrooms.

January 7, 2017

Banan looks set to buy back Sagar Ratna at a big discount
Restaurant chain Sagar Ratna’s original promoter Jayaram Banan is set to buy back the 90-store chain at a 35-40% discount to the price at which he had sold it to India Equity Partners (IEP) Fund Advisors.

December 16, 2016

Indian firms’ November M&A deal value falls 16% to $2 billion: Grant Thornton
Corporate India’s merger and acquisition (M&A) activity witnessed a 16% decline in November at $2.06 billion, largely owing to an absence of big ticket deals compared to the year-ago period, says a survey.

December 15, 2016

Actelion says it continues deal talks as J&J drops out
Switzerland's Actelion Ltd said on Tuesday that it was in talks with an undisclosed suitor about a "strategic transaction," even as another potential acquirer, U.S. healthcare company Johnson & Johnson ended talks.

December 15, 2016

Despite surge, still a long road ahead for start-up M&As in India
Merger and acquisition (M&A) activity in India’s start-up ecosystem is increasing, but it will take two to five years more to gain scale. Start-ups that have received venture funding in the last two years

December 1, 2016

Does stake sale plan signal end of the road for Niko Resources in India?
On 9 November, Canada-based Niko Resources Ltd, a 10% partner in Reliance Industries Ltd’s (RIL) and BP Plc’s D6 block in the Krishna-Godavari (KG) basin, announced it would sell its stake.

November 30, 2016

Netmeds buys Pluss in bid to scale quicker
Healthcare e-commerce portal Netmeds on Thursday said it has acquired Pluss, a mobile app for medicine deliveries in Delhi and Hyderabad, in an all-stock deal. Financial details of the deal were not disclosed.

November 25, 2016

B2B online marketplace Udaan.com raises $10 million from Lightspeed
Udaan.com, a business-to-business online marketplace, on Tuesday, said it has raised $10 million in series A funding from venture capital firm Lightspeed Venture Partners India and Lightspeed US.

November 23, 2016

China selfie app in talks for $5 billion IPO valuation
The developer of selfie apps is in talks with investors ahead of its planned initial public offering (IPO) in Hong Kong and is discussing a share sale that would value the company at about $5 billion

November 23, 2016

S.Africa's Life Healthcare to buy controlling stake in Britain's Alliance Medical
South Africa's No. 3 private hospital firm Life Healthcare will acquire 95 percent of Britain's Alliance Medical, it said on Wednesday, but its shares fell sharply over its plans for a rights issue.

November 18, 2016

Zefo raises $6 million from Sequoia, others
Bengaluru-based used goods marketplace Zefo said on Monday it has raised Rs40 crore (approximately $6 million) in a funding round led by venture capital firm Sequoia India, with participation from Beenext and existing investor Helion Venture Partners.

November 16, 2016

Apollo Tyres in race to acquire Kumho Tire in a $900 million deal
Apollo TyresBSE -1.71 % is competing with Chinese rivals Shandong Linglong Tyre and ChinaChem to acquire South Korea's No. 2 tyre maker Kumho Tire in a deal pegged at $900 million,

November 14, 2016

Essel group buys out two highway projects of Patel Engineering, KNR
Patel Engineering Limited and KNR Constructions Limited on Saturday signed a share purchase agreement to sell their entire equity stake in two road buy, operate and transfer (BOT) assets to an Essel group company.

November 14, 2016

Essel Finance to buy Peerless Mutual Fund
Essel Finance Advisors and Managers Llp, the private equity arm of Subhash Chandra’s Essel Group, has agreed to acquire the mutual fund business of Kolkata-based financial services firm Peerless Group.

November 11, 2016

United Internet sells web hosting stake; delays IPO
Germany's United Internet has agreed to sell a stake in its web-hosting business to private equity firm Warburg Pincus, netting 450 million euros ($497 million) for the deal but delaying a public listing of the business beyond next year.

November 10, 2016

AB InBev attracts at least six bids for Pilsner Urquell, other brands -sources
At least six indicative offers have been submitted by industry players and buyout funds for a group of beer brands being sold by Anheuser-Busch InBev (ABI.BR), sources familiar with the matter said on Tuesday.

November 9, 2016

Warburg Pincus in talks to buy stake in Capital Float
Global private firm Warburg Pincus LLC is in advanced talks to lead the next round of funding in online credit platform Capital Float, run by Zen Lefin Pvt. Ltd, according to a three people aware of the ongoing discussions.

November 9, 2016

Indonesian bike-hailing app Go-Jek buys LeftShift Technologies
Indonesian bike hailing app Go-Jek has acquired Pune-based app development company LeftShift Technologies Pvt. Ltd for an undisclosed amount to strengthen its product development efforts

November 9, 2016

Internet firm EarthLink in merger talks with Windstream
Telecommunications firms Windstream Holdings Inc and EarthLink Holdings Corp are in talks to merge in an all-stock deal that would allow them to better compete against rivals, people familiar with the matter said.

November 7, 2016

Chipmaker Broadcom to buy network gear maker Brocade for $5.5 billion
Chipmaker Broadcom Ltd (AVGO.O) said it would buy Brocade Communications Systems Inc (BRCD.O) for $5.5 billion, pushing deeper into the fast-growing market for network equipment used in data centers.

November 4, 2016

Tata Power Board endorsed Cyrus Mistry's proposal to buy Welspun
Tata PowerBSE -1.24 %'s independent director Nawshir H Mirza said the board unanimously endorsed Cyrus Mistry's proposal to buy Welspun Renewables for $1.2 billion

November 4, 2016

Cox & Kings partners with UAE India for money transfer business
Making a foray into the money transfer business in India, Cox & Kings Ltd has partnered with UAE Exchange India to provide inward remittance and domestic money transfer services in India.

November 3, 2016

Telecom firm CenturyLink nears deal to merge with Level 3
CenturyLink Inc. and Level 3 Communications are in advanced talks to merge, according to people familiar with the matter, in a deal that would create an enterprise telecommunications player worth more than $50 billion, including debt.

November 2, 2016

OVL completes acquisition of 11% additional stake in Vankor
"We raised a bridge loan of $ 930 million from overseas lenders to pay for the acquisition cost of 11 per cent stake," OVLCEO and Managing Director Narendra K Verma said here.

November 2, 2016