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Verizon may trim Yahoo deal value by up to $350 mn

February 16, 2017 | Reuters

Verizon Communications Inc (VZ.N) is close to a revised deal to buy Yahoo Inc's (YHOO.O) core internet business for $250 million to $350 million less than the original agreed price of $4.83 billion, according to a source briefed on the matter.

Payment wallets next big M&A opportunity: VCCircle’s Nita Kapoor

February 16, 2017 | TEAM VCC

Investments in Indian startups are likely to rise in 2017 from last year while payment wallets will be the next big opportunity for mergers and acquisitions (M&A), said Nita Kapoor, head, India – new ventures, News Corp, at the News Corp VCCircle Startup Summit 2017 in Mumbai on Thursday.

Asian Paints to acquire Sri Lanka’s Causeway Paints

February 16, 2017 | Debjyoti Roy

Asian Paints Ltd, the country’s largest paints company by revenue, said on Thursday it has agreed to acquire Sri Lanka’s Causeway Paints Lanka (Pvt) Ltd to expand its overseas business.

Cabinet clears State Bank of India’s merger with five subsidiaries

February 15, 2017 | TEAM VCC

The Union Cabinet on Wednesday approved the merger of State Bank of India (SBI) with its five associate banks but did not take a decision with regard to Bharatiya Mahila Bank.

Exclusive: SAIF Partners’ portfolio firm on the block

February 15, 2017 | Debjyoti Roy

Venture capital and growth stage investor SAIF Partners is looking to sell its entire stake in a Bengaluru-based quick service restaurant (QSR) chain, a person privy to the development told VCCircle.

Banks eye $40 mn fee pot for Vodafone-Idea merger

February 15, 2017 | Reuters

BofA Merrill Lynch, UBS (UBSG.S) and Standard Chartered (STAN.L) are among banks scrambling to win advisory roles in a potential merger involving Vodafone (VOD.L) in India, sources said, as they chase a rare big deals-related payday in the country.

SoftBank to acquire US private equity firm Fortress Investment for $3.3 bn

February 15, 2017 | Reuters

Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund.

Exclusive: Jabil to buy part of Ericsson's India EMS biz

February 14, 2017 | Ranjani Raghavan

Jabil Circuit India Pvt Ltd, the local unit of New York-listed Jabil Circuits Inc, has proposed to acquire a part of the electronic manufacturing services business of Ericsson India Pvt. Ltd.

BookMyShow buys majority stake in DIY events platform Townscript

February 14, 2017 | Arti Singh

Bigtree Entertainment Pvt Ltd-owned BookMyShow has acquired 75% stake in Pune-based DIY (Do-it-Yourself) event registration and ticketing platform Townscript for an undisclosed amount.

Queue management firm Sminq acquires UX-focused startup CodePandora

February 14, 2017 | Binu Paul

Pune-based Sminq India Solutions Pvt. Ltd, which runs queue management app Sminq, has acquired Codepandora, a UX-focused software service provider, in a cash-and-equity deal.

Payment gateway firm CCAvenue set to merge with Infibeam

February 14, 2017 | Shruti Jain

Infibeam Incorporation Ltd has entered into a pact to merge CCAvenue with itself in a deal that is expected to value the payment gateway firm at Rs 2,000 crore ($298 million).          

How the entry of geeks is changing Goldman Sachs' M&A biz

February 14, 2017 | Reuters

Technology whizzes who helped Goldman Sachs eliminate hundreds of trading jobs over the past few years are venturing into the bank's flagship M&A business, making some junior bankers uneasy.

ReNew Power to sell 10% stake to Japan’s JERA for $200 mn

February 14, 2017 | Rounak Kumar Gunjan

ReNew Power Ventures Pvt. Ltd is raising $200 million by selling a 10% stake to Japan’s JERA Co. Inc., as the renewable energy company continues to attract global investors to execute its expansion plans.

Exclusive: Religare in talks to sell wealth management business to Mumbai firm

February 14, 2017 | Bruhadeeswaran R & Swet Sarika

Religare Enterprises Ltd is in an advanced stage of talks with a Mumbai-based financial services firm to sell its wealth management business, two persons privy to the development told VCCircle.

Exclusive: Lloyd in talks to sell consumer durables unit to local appliances firm

February 13, 2017 | Ranjani Raghavan

Lloyd Electric & Engineering Ltd, a Delhi-based industrial machinery and consumer electronics maker, is in late-stage talks to sell its consumer durables business in what could be the biggest deal in the sector in over a decade, three persons briefed on the development told VCCircle.

Reliance Nippon Life Insurance seeks to acquire peer to expand reach

February 13, 2017 | Bruhadeeswaran R

Reliance Nippon Life Insurance Company Ltd is looking to acquire a peer as part of its strategy to expand its distribution network, a top executive said on Monday. 

Tata Steel Europe's merger talks with Thyssenkrupp face delays

February 13, 2017 | Reuters

Investors expecting a deal this year in Tata Steel's talks to merge its European assets with Germany's Thyssenkrupp risk disappointment, given complications associated with the Indian-owned firm's British pension scheme.

OMA Emirates buys mobile payments firm MobiSwipe

February 13, 2017 | Arti Singh

United Arab Emirates-based payments solutions provider OMA Emirates has acquired Mumbai-based MobiSwipe Technologies Pvt. Ltd for an undisclosed sum as it looks to broaden its overall portfolio in the Middle East, Eastern Europe and APAC regions, the company said in a statement on Monday. 

CK Birla Group to sell Ambassador car brand to Peugeot

February 11, 2017 | TEAM VCC

CK Birla group firm Hindustan Motors Ltd has signed a pact to sell its iconic Ambassador brand to French carmaker Peugeot SA for Rs 80 crore ($12 million), the Indian company said on Friday.

Max Ventures to sell 49% in speciality films biz to Japan's Toppan for $30 mn

February 10, 2017 | Bruhadeeswaran R

Japan’s Toppan Printing Co Ltd will pick up a 49% stake in Max Ventures and Industries Ltd’s speciality packaging films unit for about Rs 200 crore ($30 million), the Indian company said on Friday.

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