Page 2 - Deals

Goldman cuts at least 25 bankers in Asia amid deal drought in China: Report

The reductions come after Goldman went on an unprecedented hiring spree in mainland China and Hong Kong last year as China opened its financial market fully to foreign brokerages and asset managers

Holcim's sale of Ambuja Cement, ACC to be biggest exit of an MNC from India

Ambuja Cement ended Friday with a market capitalisation of Rs 73,836 crore while ACC closed the day with Rs 43,819 crore.

Netcore acquires 90% stake in Unbxd for $100 mn, plans IPO in a year

Netcore expects to close the current financial year with revenue of around USD 80 million and grow it to around USD 130 million by March 2024.

Sanjiv Goenka group scouts for retail, IT acquisition targets

The group, with $4 billion in annual revenues, is also scouting for targets in power utilities as well as IT-enabled services, where it has already bought three companies in the past 12 months

Deal activity in India jumps 40% to record high in 2021, shows data

Despite the headwinds from the pandemic and other looming uncertainties, deal activity in India witnessed a record high in 2021 and surpassed pre-Covid levels

Amansa sells shares of CG Power and Industrial Solutions worth Rs 351 cr

This took the total deal value to Rs 350.83 crore

Deal Street has best year with over 2,220 deals fetching $115 bn in 2021

Deal Street had the best year in 2021, clocking the highest tallies in both value and volume terms at USD 115 billion involving 2,224 deals, an industry report said. This was USD 37 billion and 867 transactions more than the corresponding figures for 2020. While 499 mergers and acquisitions (M&As) worth USD 42.9 billion were concluded in the year gone by, there were 1,624 private equity deals involving USD 48.2 billion, and 101 IPOs and QIPs worth USD 23.9 billion, of which 65 initial public offerings alone fetched a record USD 17.7 billion, according to data collated by Grant Thornton. The year was also a record in terms of large deals as there were 14 deals of over USD 1 billion each, 15 between USD 500 million and USD 999 million, and 135 between USD 100 million and USD 499 million. Though these transactions accounted for only 8 per cent of volume, they fetched as much as 80 per cent of value, the report said. Of the overall deals, domestic deals constituted 76 per cent and the

Adar Poonawalla picks up 20% stake in JetSynthesys' subsidiary Wakau

Poonawalla joins superstar Amitabh Bachchan as Wakau's league of investors

Wipro to acquire cybersecurity provider Edgile for $230 million

Edgile's cybersecurity and risk management professionals are expected to allow Wipro to further enhance its cybersecurity and risk consulting capabilities

EaseMyTrip acquires intercity platform YoloBus for undisclosed amount

The acquisition includes the brand name of YoloBus, its technology, team, running business and data expertise

World's largest equity capital deals of 2021 have emerged out of Asia

Asian firms also accounted for most large issuances of convertible bonds

US fund TFCC buys 46% stake in Ramcharan Co for $4.14 billion

The investment will go into the target company's energy management systems and renewable energy devices with high storage capacity made from sodium silicate

Air India sale, Tatas' EV arm keep deal street busy with $9.2 bn fund flows

The Air India sale to the Tatas has helped the deal street sizzle in October which in total saw 221 deals worth USD 9.2 billion -- 24 per cent more than the money changed hands in the same month in 2020, according to an industry report. According to Grant Thornton dealtracker report on Monday, October was encouraging, both in terms of deal volume and deal value, indicating the continuum in deal activities. While volume jumped two times over October 2020, in value terms it grew 24 per cent. In October, 61 mergers and acquisitions worth USD 3.3 billion were announced of which as much as USD 2.4 billion were the Tatas paying the government for the national carrier Air India, and 160 private equity deals worth USD 5.9 billion, which was 62 per cent more than the year ago period, according to the data collated by the agency. With 61 deals, M&As were the highest since 2015, up 62 per cent in volumes and 25 per cent in value. The month also witnessed the birth of five new unicorns: ...

Deal street hits three-year high at $90.4 bn in first 9 months: Report

Deal making has shown considerable resilience this year, despite the challenges posed by the pandemic

Will invest in firms focused on make in India: True North's Ashish Bhargava

Bhargava says the firm had very few challenges in understanding businesses and investing during pandemic as young founders are comfortable having online discussion

Aurobindo Pharma's Rs 450-cr deal to acquire 51% in Cronus Pharma cancelled

Aurobindo Pharma Ltd on Friday said its Rs 450-crore deal to acquire 51 per cent stake in Cronus Pharma Specialities India Pvt Ltd (Cronus) has been cancelled

Deal activity in H1 2021 at $40.7 bn, down 14% over year-ago period

When compared with the second half of 2020, the $40.7 billion investments were a mere 2 per cent increase

Investment bankers get choosy as fundraise season reaches fever pitch

This is to avoid conflict of interest of competing firms

PNB Housing Fin says pricing for Rs 4,000 cr-deal in line with mkt practice

This comes amid concerns raised in certain quarters about its proposed deal with Carlyle group

Our deal pipeline at present is the best in last few years: Tech Mahindra

The company's MD & CEO C P Gurnani and president (BFSI, HLS and corporate development) Vivek Agarwal talk to Shivani Shinde on the business momentum and M&A pace