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M&A

Allianz, Bajaj Fin in India Asset Management Venture

April 21, 2009 | Reuters

Germany's Allianz will take a 51 percent stake in an Indian asset management joint venture with Bajaj Finserv.

News Roundup: Cognizant in talks to buy UK's Pa Consulting

April 20, 2009 | TEAM VCC

The deal is valued at $300 million to $350 million. Cognizant wants to strengthen its presence in Europe.

News Roundup: Redevco May Invest Rs 300 Cr in Sobha Developers

April 17, 2009 | TEAM VCC

Redevco set up office in India in late 2008 and if the deal goes through, it will be its first investment in India.

Wadias Buy Danone's Stake In Britannia, Ends Partnership In India

April 16, 2009 | TEAM VCC

The French co will independently pursue its biz interests in the country.

News Roundup: Vangal in Talks to Acquire Radico Khaitan Brands

April 16, 2009 | TEAM VCC

Vangal is believed to have offered a price of around Rs 300 crore for getting a controlling interest over the brands.

Daimler Buys Hero's Stake In Truck JV For $21.2 Million

April 16, 2009 | Reuters

Daimler bought out Hero Group's 40% stake in Indian truck JV formed in 2007. Hero will now focus on motorcycles only.

News Roundup: Future Group to Buy 60% Stake in Ad Agency Dhar & Hoon

April 15, 2009 | TEAM VCC

The acquisition will be made by group company Future Brands.

Vedanta's Bid For Asarco Meets Fresh Challenge From Grupo Mexico

April 15, 2009 | Pallavi S

Grupo Mexico’s is a $1.3 billion cash offer against Vedanta's $1.1 billion in cash and a note for $600 million.

News Roundup: Pfizer to Make Tender Offer to Hike Stake in Indian Unit

April 14, 2009 | TEAM VCC

On completion of this offer,Pfizer’s stake would go up to 75% from the current level of 41.23%.

"Satyam Aquisition Game Changing:" Anand Mahindra

April 14, 2009 | Ruchika Sharma

Mahindra added that they will reach out to all the clients of Satyam including Cisco, General Motors (GM) and Citi.

Satyam Bid: The Losers

April 13, 2009 | Madhav A Chanchani

L&T's Rs 45.9 per share was behind Tech Mahindra's Rs 58, but much higher than Rs 20 of Wilbur Ross.

IT's New Pecking Order: Tech Mahindra Gets Into Big League

April 14, 2009 | Pallavi S

The two would have a revenue rate of close to Rs 12,500 crore ($2.5 billion) with profits upwards of $250 million.

Satyam Announces Tech Mahindra As Highest Bidder At Rs 58/Share

April 14, 2009 | Pallavi S, Ruchika Sharma

Tech Mahindra will also have to make a mandatory cash tender offer to acquire an additional 20% of the share capital.

News Roundup: Tata Capital to Roll-Out Its First PE Fund By End-2009

April 13, 2009 | TEAM VCC

Tata capital will soon approach SEBI to obtain regulatory approval.

Satyam Management Change After CLB Approval: Karnik

April 13, 2009 | Reuters

Satyam will announce the highest bidder on Monday and then will recommend the bidder to the Company Law Board.

Decision on Satyam Bidders Likely on Monday

April 12, 2009 | Ruchika Sharma

The board is also learnt to have set an informal floor price and may not consider the bids if they are too low.

Chicago Mercantile Exchange to Enter India

April 12, 2009 | Ruchika Sharma

CME is already in talks with several Indian exchanges for buying stakes in them.

News Roundup: Aditya Birla in Talks with 3i to Sell Insulator Business

April 11, 2009 | TEAM VCC

It is learnt that the Birla group has put a price tag of Rs 700 crore for the insulators business.

News Roundup: Tata Motors to Get $200 Million from Standard Chartered

April 10, 2009 | TEAM VCC

Citi, SBI and Tata Capital are the lead arrangers for the refinancing.

News Roundup: Wilbur Ross Leads Race to Acquire Cobra Beer

April 09, 2009 | TEAM VCC

He is looking to either buy the Cobra Beer brand or take a controlling stake in the beermaker’s Indian unit.

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