From Mumbai to Silvassa in Daman, and back.
The aggregate value of merger and acquisition (M&A) transaction involving Indian entities was $20.8 billion last year, down 46.3 per cent over the 2012 figure, global deal tracking firm Mergermarket said.
Dr Reddy's Laboratories (DRL) is set to acquire Haleon's global portfolio of consumer healthcare brands in the nicotine replacement therapy (NRT) category outside of the US. DRL will pay a total consideration of 500 million, including an upfront cash consideration of 458 million and contingent cash payments up to 42 million based on performances in CY25 and CY26. DRL will acquire the portfolio through the purchase of shares of Northstar Switzerland SARL, a Haleon group firm.
A total of 62 M&A deals valued at $3.37 billion were announced in August, against 59 deals worth about $0.94 billion in July, according to data compiled by Grant Thornton.
Infosys has a new M&A head to enhance trust on inorganic growth.
Prominent exits by promoters included a Rs 15,300 crore share sale in Indus Tower by Vodafone Plc, a Rs 9,300 crore share sale by the Tata group in Tata Consultancy Services.
After a stellar run on the bourses that saw tractor stocks rise up to 52 per cent, analysts are turning cautious on the sector as muted demand trends may weigh in the near-term. Total volumes in the tractor segment for the last three quarters of the current financial year (9MFY24) have remained weak with VST Tillers, Escorts Kubota, and M&M seeing declines of 21 per cent, 5 per cent, and 3 per cent year-on-year (Y-o-Y), respectively, during the period, amid patchy rainfall, delayed crop harvest, and lower reservoir level. Across industry, total domestic sales volume so far in the current financial year (April '23 to January '24) has declined 5 per cent Y-o-Y, as per Tractor Manufacturers Association (TMA).
In the corresponding period of the last year, there were 614 deals worth $ 27.7 billion.
United Kingdom is the second most targeted nation for global M&A in 2009 YTD, with USD 56.3 billion via 806 deals, accounting for 6.3 per cent of global M&A activity, behind the United States which accounts for 36.8 per cent," according to deal tracking firm Dealogic. The global M&A deal tally has reached over $893 billion so far this year.
Educational technology company Byju's chief financial officer Ajay Goel has quit after completing the audit process for the financial year 2022 and will return to Vedanta, the company said in a statement. The edtech major has roped in industry veteran Pradip Kanakia as senior advisor, and president (finance) Nitin Golani has been given additional responsibility as India chief finance officer (CFO) to handle the finance function of the company.
The trend is expected to remain bullish in 2015, global consultancy Grant Thornton said
In terms of number of deals as well, there was a significant slump as there were just 51 deals recorded in January 2013, down 53 per cent compared to January 2012 when 109 deals were recorded.
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According to global deal tracking firm Dealogic, the deal value in the January to June period this year was the lowest first six months deal value recorded since 2009, when $1.09 trillion worth of transactions were announced.
Private Equity investment in Q1, 2015 witnessed a year- on-year jump of 30 per cent to $2.6 billion.
Denying any breach of merger and acquisition (M&A) norms, Aditya Birla group firm Idea Cellular on Tuesday said the company's merger with Spice Communications was approved by court and consummated with the full knowledge of the Department of Telecom.
The proposed $23-billion mega deal between Bharti Airtel and South Africa's MTN would be India's biggest-ever M&A deal. Let us now take a look at the 10 largest M&A transactions involving an Indian company until now
The value of India-focused merger and acquisition (M&A) deals touched $39 billion in the first nine months of this year, a significant 31 per cent decline vis--vis the corresponding period last year, global deal tracking firm Dealogic says.
Companies planning merger and acquisition (M&A) will have to disclose the extent of "complementary linkages" among them and their impact on the market. This comes under the revised reporting requirements of the Competition Commission of India (CCI). The changes will take effect on May 1. Entities may also have to provide market-facing data of the past five years with respect to their market size, the market share of the parties, and also that of the competitors, along with customers and suppliers.
Diversified business conglomerate Mahindra and Mahindra (M&M) has picked up a 3.53 per cent stake in private sector lender RBL Bank for Rs. 417 crore. "We may consider further investment, subject to pricing, regulatory approvals, and required procedures. However, in no circumstance will it exceed 9.9 per cent," M&M said in an exchange notification on Wednesday. Shares of RBL Bank jumped 7.1 per cent to settle at Rs. 238.8 apiece on the BSE on Wednesday, close to their 52-week high of Rs. 242.1.
The domestic deal-making activities were hit by weak corporate governance and a huge liquidity crunch in 2019, while the global deals were also hard to come by due to various factors including uncertainties caused by the US-China trade war, which left many investors in a wait-and-watch mode.
In order to encourage consolidation in the private sector insurance industry, the regulator IRDA on Wednesday said it would come out with a framework for mergers and acquisitions (M&A) for the sector by the end of current fiscal.
While the draft M&A policy for the telecom sector has been revised a few times over the past few months, DoT has not made any major changes to guidelines.
In the September quarter of 2011, the overall value of M&A transactions stood at $6.9 billion.
The ripple effects of the fall of Lehman Brothers in September last year is evident in the field of global mergers and acquisitions, which shrank by nearly 40 per cent in the 12-month period since then.
Driven by Reliance Infratel's $10.86 billion merger deal with GTL Infrastructure, the total value of merger and acquisition deals in the country jumped nine-fold to $24.8 billion in the second quarter of 2010.
Why did the company zero in on RBL Bank to understand the business of banking? While the M&M investors heaved a sigh of relief, one gentleman must have been all smiles after this, RBL Bank MD and CEO R Subramaniakumar, notes Tamal Bandyopadhyay.
In order to encourage consolidation in the private sector insurance industry, the regulator IRDA on Wednesday said it would come out with a framework for mergers and acquisitions (M&A) for the sector by the end of current fiscal.
Private equity investments as well as merger and acquisition (M&A) transactions in the country have witnessed consistent growth so far this year, as deals worth over $52 billion have been announced in this space.
Corporate India's merger and acquisition deal activity in February stood at $2.3 billion taking the total M&A kitty so far this year to over $5 billion.
"It is very unlikely that we get an M&A opportunity in India as Indian entrepreneurs are doing very well and whatever expansion we are planning in India would be through greenfield projects," Lakshmi Mittal told journalists.
Corporate India's shopping spree continued unabated in the second month of this year, as deals worth over $1.3 billion were announced, a five-fold jump from the year-ago period, a report by global consultancy firm Grant Thornton said.
The total volume of merger and acquisition deals with focus on India has almost halved so far this year to $2.7 billion against $5.3 billion last year, according to global deal tracking firm Dealogic.
Till September this year, corporate India has announced merger and acquisition deals worth $26.43 billion, which is around 0.8 per cent of the total global M&A kitty. Data compiled by deal tracking firm Dealogic shows there has been a slowdown in M&A activity across the world as all regions except Latin America reported decreasing deal volume.
Mergers and acquisitions are set to become one of the most important trends of 2007 for India Inc, with the total deal value crossing $50-billion mark with one more month still to go. According to data compiled by international consultancy major Grant Thornton, India Inc recorded M&A deals worth $940 million in November, taking the total for first 11 months of 2007 to $50.79 billion.
India accounted for a meagre 5.1 per cent of merger and acquisition (M&A) deals among emerging countries in the first nine months this year, the lowest in the BRIC (Brazil, Russia, India and China) nations.
Corporate India's merger and acquisition deal activity stood at $1.74 billion in April taking the total M&A kitty so far this year to $21 billion.
Foreign Direct Investment into India rose by 13 per cent in 2020, boosted by interest in the digital sector, and while fund flows "declined most strongly" in major economies such as the UK, the US and Russia due to the Covid-19 pandemic, India and China "bucked the trend", the UN has said.
Merger and acquisition (M&A) deals in the global technology sector amounted to USD 56.4 billion in the July-September quarter of 2011, an increase of 22 per cent vis-a-vis the year-ago period, according to a report by Ernst & Young.
Sources say companies will have to keep the market share of merged entities below 50% in all circles
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