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IDFC’s complex corporate structure with step-down subsidiaries has meant the process has been glacial. While a reverse merger with its parent may not be detrimental to IDFC First Bank, uncertainties surrounding the process need to be removed for the bank’s shares to perform.
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M&As, rather than PE-VC funding and IPOs, are set to reshape the start-up landscape in the current year. Already, in the quarter to March 2022, there were over 100 M&As involving start-ups, which accounted for almost half of all M&A deals during the period, Venture Intelligence data analysis shows
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Elon has a fair bit of experience in going against conventional wisdom with his businesses and making them win against astronomical odds
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It’s fair to say that Elon Musk’s concept of free speech remains a nebulous idea, and regardless seems like an idea whose time is actually past
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With this, all lenders on CredAvenue’s platform will be able to evaluate and make lending decisions on the platform itself, reducing the overall time for lending.
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Citec acquisition will be Cyient's largest and will help it expand in Plant & Product engineering services
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Hostile takeovers are rare in India due to high promoter holdings in companies and potential legal hurdles. Yet, things may be changing
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Nykaa has also acquired a 60 percent stake in Nudge Wellness for Rs 3.6 crore, thus making a foray into dietary supplements and nutri-cosmetic products.
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OSL has an asset base of 94 owned vessels and 13 third-party owned vessels. Key activities carried by the company include towage, pilotage, and dredging.
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MVIL and MEL operate businesses that complement each other and therefore, can be combined for mutual benefit of the shareholders.
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While there are reasons to conclude that the HDFC Bank-HDFC merger is a win-win for both, there are hurdles to cross over the next 12-18 months. This has begun to sink in and the initial investor euphoria has waned.
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LazyCo Founders Apoorv Shankar and Yogansh Namdeo will join Ultrahuman and lead the hardware product development post the acquisition.
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The acquisition, if consummated, will propel the group, India's largest automobile component manufacturer, to be among the global top-ten in the segment.
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With growth in digitisation and new competitive pressures, managements are rushing into mergers and acquisitions to shock-proof their companies
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Housing finance companies face a choice: become a niche player or merge with a bank. As things stand, the home-loan market is firmly in the grip of banks.
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The target is a Hyderabad based SEZ (special economic zone) company in the GMR Aviation SEZ adjacent to the Hyderabad International Airport, engaged in the formulations business.
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The promoters of HDFC group have done the maths, and it is music to shareholders' ears that despite the regulatory costs, the merger would be earnings accretive for the merged entity HDFC Bank right from day one
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After the merger, regulatory requirements of CRR, SLR, priority sector lending and liquidity coverage ratio would increase given the combined balance sheet size. HDFC and HDFC Bank have asked the RBI for more time to meet these norms.
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In a statement, the company said "its wholly-owned subsidiary Acrysil UK Ltd has agreed to acquire 100 percent shares of Tickford Orange Limited, UK along with its wholly-owned operating subsidiary Sylmar Technology Ltd (STL)."
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In a statement on April 1, Dr Reddy’s said the Cidmus brand shall be affixed on the pharmaceutical composition comprising a combination of Valsartan and Sacubitril (currently under Novartis patent) which is indicated for heart failure patients with reduced ejection fraction.
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Deals worth $1tn were struck in first quarter of 2022, 23 per cent lower than the same period last year
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Axis Bank will acquire Citigroup's India consumer business for $1.6 billion. Citigroup will transfer 3,600 employees to Axis Bank. Citigroup-Axis Bank deal closure period is January-June 2023. Listen in to Axis Bank's management commentary about the deal contours and plans post the deal completion.
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TCPL is trading at a P/E multiple of 41x FY24 earnings. Investors with a long-term view can accumulate at current levels
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After merging the consumer products business of Tata Chemicals with Tata Global Beverages, the company was renamed TCPL and now owns brands like TATA Salt, TATA Tea, Tetley, Eight O' clock, Himalayan Water, Tata Water Plus, and Tata Gluco Plus. Its foods portfolio includes brands such as Tata Salt, Tata Sampann, Tata Soulfull, and Tata Q.
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The investments, both clinched after Russia invaded Ukraine, are a change from Buffett’s approach two years ago
