Acquisition
Second round bids by NuMetal, Vedanta for Essar Steel valid, says NCLAT
Justice S J Mukhopadhaya directed lenders of the Essar Steel to expeditiously take a decision.
Govt clears procurement of 111 naval helicopters at a cost of Rs 21,000 cr
The utility helicopters will be used in attack missions as well as for search and rescue and surveillance operations.
LIC will be asked to speed up IDBI Bank acquisition process
IDBI Bank and LIC chairman did not reply to queries in this regard.
Flipkart acquires AI-led speech recognition startup Liv.ai
Post the acquisition, Liv.ai will become a Flipkart centre of excellence for voice solutions.
CCI clears Walmart's USD 16 billion acquisition of Flipkart
Walmart-Flipkart combination would create unfair competition and drive local convenience stores out of business.
IDBI Bank gets govt nod for acquisition by LIC
Post the transaction, IDBI Bank would become a subsidiary of LIC, which will have 51 per cent stake in it.
Bayer to complete acquisition of Monsanto on June 7
The acquired products will retain their brand names and become part of the Bayer portfolio.
Got letter of intent from lenders to acquire Binani, says UltraTech
The Committee of Creditors of Binani Cement on May 28 approved the resolution Plan submitted by UltraTech Cement.
Tata Steel to raise Rs 16,500 cr debt to fund Bhushan acquisition
Tata Steel said it will raise Rs 16,500 crore through debt instruments to fund Rs 32,500 crore acquisition of Bhushan Steel Ltd.
Tata Steel completes USD 5.2 bn purchase of Bhushan Steel
As part of the deal, a unit of Tata Steel is paying 352.33 billion rupees to Bhushan Steel’s creditor banks.