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 Mexicos 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,Pfizers 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 beermakers Indian unit.
