Mergers And Acquisitions

Nissan's board is set to review its merger talks with Honda amid rising disagreements, putting the potential tie-up in jeopardy as both automakers struggle to find common ground

For all mergers effected on or after April 1, 2025, the losses can be carried forward only for the residuary period (counting from the date of loss)

Getty Images is buying Shutterstock to create a $3.7 billion visual content company. The merger comes at a time when companies that use still images are facing increased competition from images generated by artificial intelligence. The companies said Tuesday that they have complementary portfolios and that a merger will provide customers with a broader array still imagery, video, music, 3D and other media. With the rapid rise in demand for compelling visual content across industries, there has never been a better time for our two businesses to come together," Getty Images CEO Craig Peters said in a prepared statement. Peters will serve as CEO of the combined business. We are excited by the opportunities we see to expand our creative content library and enhance our product offering to meet diverse customer needs, Shutterstock CEO Paul Hennessy said. Getty Images shareholders will own about 54.7% of the combined company at closing and Shutterstock stockholders will own approximatel

Billionaire Mukesh Ambani's Reliance Industries has acquired technology-driven and oncology-focused healthcare platform Karkinos for Rs 375 crore, the firm said on Saturday. Reliance Strategic Business Ventures (RSBVL), a wholly-owned subsidiary of Mumbai-listed India's most valuable company, completed the acquisition of Karkinos Healthcare Pvt Ltd with allotment of requisite shares, the firm said in a stock exchange filing. Karkinos was incorporated in India on July 24, 2020, and is in the business of providing technology-driven innovative solutions for the early detection, diagnosis, and management of cancer. It had a turnover of about Rs 22 crore in the 2022-23 fiscal. "Reliance Strategic Business Ventures Ltd has on December 27, 2024, subscribed to and has been allotted 1 crore equity shares of Rs 10 each, for cash, aggregating Rs 10 crore and 36.5 crore optionally fully convertible debentures of Rs 10 each, for cash, aggregating Rs 365 crore of Karkinos," according to the ...

Bankers anticipate deal-making to remain robust in 2025 with several marquee deals in the making

Reports have indicated that InsuranceDekho is in advanced talks to merge with RenewBuy in a cash-and-stock deal, which could value the combined entity at Rs 8,000 crore

More than 140 systems have been integrated and 2.7 lakh reservations made by Vistara passengers have been moved to the Air India system, ahead of the two airlines' merger next month. Air India's Chief Digital & Technology Officer Satya Ramaswamy on Tuesday said significant efforts are being made to comprehensively address Vistara customers' experience across all digital systems post-merger. At a select media briefing, he also said that 2.7 lakh reservations made by Vistara passengers have been moved to Air India, and more than 140 systems have been integrated. Among others, more than 4.5 million loyalty members of Vistara have already migrated to the Air India system. "On the technology side, the Air India systems are at a different level... that is the system the customers will use. The Vistara experience in other areas like aircraft and services will be the same... we will take the best from both airlines," Ramaswamy said. Last week, Air India said Vistara routes and schedule as

The sharp fall in transaction value can be attributed to the absence of large-scale deals, said the Grant Thornton report

Gujarat Gas' acquisition of Gujarat State Petronet for $3 billion was the third-largest acquisition in the country

Apollo Global management's proposed investment signals confidence in Intel's turnaround, as the chipmaker struggles with costly transformation efforts

Revised framework introduces deal value thresholds, streamlined timelines, and wider definition of control for enhanced regulatory oversight, writes Dhanendra Kumar

The National Company Law Tribunal (NCLT) has allowed withdrawal of its order approving the merger of Zee Entertainment and Sony Pictures Networks India and recalled its earlier order passed in this regard. The Mumbai bench of the NCLT had last week recalled its order passed on August 10, 2023, in which it had approved the merger of Zee Entertainment with Sony Pictures Networks India. The bench observed the parties have "mutually consented" to withdraw the scheme on account of the settlement agreement and the board of directors has passed the resolutions to withdraw the scheme of amalgamation. "Accordingly, this Bench allows the withdrawal of the Scheme of Amalgamation and hereby recalls order dated 10.08.2023 in C.P.(CAA) No. 209 of 2022," said NCLT order, a copy of which was shared to bourses by Zee on Thursday. Zee, which applied for withdrawal, submitted the Composite Scheme of the Merger Cooperation Agreement executed to give effect to this scheme stands terminated and accordin

Latest amendments introduced by the Ministry of Corporate Affairs require companies to receive prior permission from the Reserve Bank of India for mergers and acquisitions

A deal hasn't been finalized and terms could change as talks continue, the people said. Representatives for Blackstone, Macquarie and PSP declined to comment

ZEEL's stock price rose to Rs 154.9 per piece on NSE during the day and closed at Rs 150.9 per piece, which was still 10 per cent higher than the previous day's closing price

The jump in spending on dealmaking and expanding reserves marks a shift in strategy following a years-long focus on shareholder returns over growth, which many firms had employed

Ambuja Cements' board of directors had approved the acquisition of 100% stake in Penna Cement at an enterprise value of Rs 10,422 crore in June, expanding the firm's southern footprint

Fair trade regulator CCI will shortly come out with changes to certain competition rules, including those related to green channel approvals for mergers and acquisitions. Speaking at a conference in the national capital, Competition Commission of India (CCI) Chairperson Ravneet Kaur on Friday said the regulator is focusing on advocacy efforts and capacity building. While mentioning about various activities being done by the CCI, she said, "We are going to shortly notify changes in competition rules". These include changes to rules pertaining to green channel approvals for mergers and acquisitions, and de minimas. De minimas relates to exemption thresholds for mergers and acquisitions that need clearance from the CCI. As part of boosting efforts to curb unfair business practices in the marketplace, amendments have also been made to the competition law. Kaur flagged dark patterns in the e-commerce space and algorithmic collusion. There are dark patterns and how they can influence

Aditya Birla group firm UltraTech Cement on Monday said it has made an offer to acquire a 31.6 per cent stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). This would be done by UltraTech Cement Middle East Investments Ltd (UCMEIL), a wholly-owned subsidiary of the Indian cement maker in the UAE. On April 15, UltraTech had informed that UCMEIL will invest in 29.39 per cent equity share capital of 'Ras al Khaimah Co. for White Cement and Construction Materials PSC' (RAKWCT), a company listed on the Abu Dhabi stock exchange. It had announced and investment of USD 101.10 million (around Rs 839.52 crore) for a 29.39 per cent equity that time. "We now write to inform you that UCMEIL has notified its intention of making a partial conditional cash offer for acquiring 158,049,610 shares, representing 31.6 per cent of the issued and paid-up share capital of RAKWCT," it said. This will be in accordance with Article 10 of the decision of the chairman of

Sebi's new guidelines for managing stock price impact arising from market rumours will ensure that the share price used in the merger and acquisition (M&A), buyback, and other transactions are not artificially influenced by speculative market activities, experts said on Wednesday. Market rumours pertaining to a company's business can create significant volatility in stock prices, often leading to transactions that don't reflect a company's true value. This market rumours could be related to anything, including exiting of top management, cancellation of an order and financial health. "Sebi's framework addresses this issue by establishing a mechanism to determine the unaffected price -- the price of a stock before the rumour surfaced. "This price would be used for transactions unless the rumour itself caused price fluctuations in subsequent trading days," Trivesh, Chief Operating Officer of Tradejini, said. In its circular on Tuesday, Sebi outlined the framework for calculating the