Acquisition | The Asian Age

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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.

07 Sep 2018 11:55 AM

The government also approved procurement of 14 vertically launched short range missile systems. Of these, 10 systems will be indigenously developed.

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.

27 Aug 2018 9:38 AM

Ministry official said the deal is half done at this stage and needs closure since the financial condition of IDBI Bank is too weak.

LIC will be asked to speed up IDBI Bank acquisition process

IDBI Bank and LIC chairman did not reply to queries in this regard.

23 Aug 2018 8:40 AM

Flipkart said this will help build voice and speech capabilities to help get next 200 million online shoppers.

Flipkart acquires AI-led speech recognition startup Liv.ai

Post the acquisition, Liv.ai will become a Flipkart centre of excellence for voice solutions.

22 Aug 2018 2:27 PM

Walmart announced in May it was acquiring about 77 per cent of Flipkart for roughly $16 billion in the biggest deal for India’s e-commerce sector.

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.

09 Aug 2018 8:30 AM

IDBI Bank on Wednesday said it has received approval to bring down the government stake to below 50 per cent and get acquired by insurance behemoth LIC.

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.

08 Aug 2018 5:38 PM

Bayer will become the sole shareholder of Monsanto on June 7. (Photo: AFP/ File)

Bayer to complete acquisition of Monsanto on June 7

The acquired products will retain their brand names and become part of the Bayer portfolio.

04 Jun 2018 1:54 PM

The lenders of Binani Cement have issued letter of intent to UltraTech after approving its bid to acquire the company under the bankruptcy code, Aditya Birla group firm said on Wednesday.

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.

30 May 2018 7:45 PM

Domestic giant Tata Steel on Tuesday said it will raise Rs 16,500 crore through debt instruments to fund Rs 32,500 crore acquisition of Bhushan Steel Ltd (BSL).

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.

22 May 2018 4:38 PM

The Tata Steel unit will raise a bridge loan of 165 billion rupees to help fund the acquisition.

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.

19 May 2018 10:20 AM

ICICI Prudential Life was the first insurance firm to go public.

ICICI Prudential Life open to acquisition

For the quarter ended December 2017, the firm reported a profit of Rs 452.10 crore.

16 Apr 2018 3:29 PM

Myntra, on Monday announced that it has acquired Witworks.

Myntra acquires smart wearables startup, Witworks

As part of the acquisition Myntra has inducted the team into its Innovation Labs.

16 Apr 2018 2:11 PM

Cab aggregator Ola on Tuesday announced the acquisition of end-to-end public transport ticketing and commuting app, Ridlr.

Ola acquires Ridlr; to digitise public transportation

Combining Ridlr's innovations in mass transit with Ola's mobility products will enable true multi-modal mobility solutions.

03 Apr 2018 3:28 PM

The company's board agreed to issue comfort letter to provide Rs 7,266 crore in return for 98.43 per cent stake in BCL.

CCI clears UltraTech's acquisition of Binani Cement

UltraTech Cement will buy loan defaulter Binani Cement's stressed assets by providing Rs 7,266 crore.

28 Mar 2018 5:24 PM

Govt entered into an agreement with ONGC for strategic sale of its equity share-holding in HPCL.

ONGC borrows Rs 4,000 crore from ICICI Bank

Company's board has approved raising of the borrowing limit from Rs 25,000 crores to Rs 35,000 crores.

25 Jan 2018 10:33 AM

Shares of ONGC opened on a bullish note at Rs 199, then surged 6.40 per cent to an early high of Rs 206 on BSE.

ONGC stock jumps 6 pc on 51.11 pc stake acquisition in HPCL

ONGC will pay Rs 473.97 per share for 77.8 crore shares of government in HPCL.

22 Jan 2018 11:24 AM

OYO had last month raised over Rs 1,600 crore in a fresh round of funding led by SoftBank Vision Fund, Sequoia India.

OYO calls off acquisition talks with ZO Rooms

OYO operates in more than 230 cities across India, Malaysia and Nepal.

27 Oct 2017 2:39 PM

The board at its meeting on Saturday approved a composite scheme of arrangement among BFIL.

IndusInd Bank approves acquisition of Bharat Financial

IndusInd Bank will exchange 639 of its shares for every 1,000 shares in Bharat Financial.

14 Oct 2017 4:04 PM

The company's shareholders on Wednesday allowed it to raise up to Rs 25,000 crore debt.

ONGC may sell IOC, GAIL stakes to fund HPCL acquisition

ONGC holds 13.77 per cent stake in India's biggest refiner IOC, which at market price is worth about Rs 26,600 crore.

28 Sep 2017 3:30 PM

ONGC will hire investment bankers to assist it in acquiring government's 51.11 per cent stake in HPCL.

ONGC seeks investment banker to manage HPCL acquisition

The board of ONGC on Monday gave 'in principle approval' for acquisition of the government stake in HPCL.

22 Aug 2017 7:45 PM

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Shobhaa De