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Though Cipla will be too big to swallow for any Indian pharmaceutical player, either a combination with a private equity company or a plain private equity buyout is possible. The two options have different ramifications for investors.
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Some FPIs have been observed to concentrate a substantial portion of their equity portfolio in a single investee company or a group of companies
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The Adani group firm acquired nearly 53.27 lakh share shares of NDTV from the open market at a price band of 294 by the end of trading hours on Monday
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Although Bankman-Fried did not name a dollar amount, OKX declined to move forward with a deal, expressing concern that the consolidation of exchanges would be a step backward for the industry, the spokesperson said.
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The priorities for the world’s richest man and his advisers at Twitter are twofold, five of the people said: They are working on how to trim the company’s ranks while also exploring a slew of changes to Twitter’s mobile app.
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The economy ministry is examining the sale of Elmos' chip factory to competitor Silex, a Swedish company that is a subsidiary of Chinese group Sai Microelectronics, Handelsblatt reported, adding approval is expected in the coming weeks.
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Twitter jumped almost 13% to $47.93 before the stock was halted after the report from Bloomberg News.
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Days after Adani group on August 23 announced acquiring a 29.18 per cent stake in NDTV through the acquisition of VCPL the media group's promoters have asserted that the deal cannot go ahead without Sebi's nod.
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The Rs 1,100 crore buyback implies UPL is tracking well on its cash flow improvement and debt reduction plan. Why promoters want to exit, if reports are true, is a mystery though.
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The handover was a professional, board-level affair. The civil aviation minister wasn’t present and no radical announcements were made.
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Xerox has engaged in "constructive dialogue" with many of HP's largest shareholders CEO John Visentin told the Board on January 6
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Watch Vaibhavi Khanwalkar and Prince Thomas discuss about Mindtree's takeover by L&T.
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LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender's stressed balance sheet.
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Rupert Murdoch's Twenty-First Century Fox is set to win unconditional EU antitrust approval for its 11.7-billion-pound (USD 14.5 billion) takeover of European pay-TV group Sky, two people familiar with the matter said on Friday.
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Shares of erstwhile telecom and solar products company MRO-TEK have been in focus recently following a hostile takeover attempt by Bengaluru-based real estate tycoon Jitu Virwani of the Embassy Group.
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Following the Reserve Bank of India's policy decision last year to allow banks to take over companies in default using the strategic debt restructuring (SDR) route, the newest company that may join the list is debt-stricken Educomp Solutions.
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In an interview to CNBC-TV18, DS Chandavarkar, Chairman & Managing Director of Standard Greases spoke about Tide Water Oil and the takeover offer which came to an end. He also gave his outlook for the company.
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The Reserve Bank of India may come down hard on banks that are trying to misuse the powerful strategic debt restructuring tool to camouflage problems. Sources tell CNBC-TV18 that RBI may soon tweak the SDR guidelines to ensure banks do not invoke it simply to avoid higher provisioning.
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US-based Virtusa has entered into an agreement with midcap IT firm Polaris to buy 53 percent stake in it for a price of Rs 220.73 per share, in a deal worth Rs 1,173 crore.
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Heineken has offered to buy out the 29 percent stake in United Breweries Limited from the UB Group and is seeking to take over management and operational control completely.
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This means banks have the power to convert their debt into equity to acquire majority control in a defaulting company and bring in new promoters if required.
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The Delhi High Court has ordered the Directorate General of Civil Aviation (DGCA) to de-register six aircraft leased to SpiceJet after lessors filed a writ alleging non-payment of dues.
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The plans to recapitalise and revive SpiceJet may have been finalized as far as prospective new promoters are concerned but crucial approvals are yet to come in. Sindhu Bhattacharya and Areeb Sherwani report that white knight Ajay Singh hopes antitrust regulator Competition Commission of India will wave the green flag before the week is out.
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With ex-promoter Ajay Singh once again in Spicejet's cockpit, the crisis-hit airline is taking a new direction. Spicejet's management has gone back to the boardroom to undertake a strategic review of its entire operations.
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Cairn India will pay Mayank Ashar, its first full-time CEO in two years, a salary of USD 1.15 million plus perquisites and allowances.
