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Business Acquisition
Business  /  Published 10.01.21

Open offer for Vedanta Ltd

After a failed delisting attempt last year, Vedanta Resources, the parent of Vedanta Ltd, is coming out with an open offer to acquire 10 per cent of its equity. If the open offer is successful, the ho...
By Our Special Correspondent in Mumbai

Business  /  Published 06.01.21

Uttam Galva Metallics buyout done

Distressed asset managers Nithia Capital and CarVal Investors on Tuesday announced the completion of their Rs 2,000-crore acquisition of Uttam Galva Metallics and Uttam Value Steel. The acquisition w...
By PTI in Mumbai

Business  /  Published 30.12.20

AirAsia: Tatas up stake to 84%

The Tatas have raised their stake in AirAsia India to 83.67 per cent amid the salt-to-software conglomerate submitting an expression of interest (EoI) for national carrier Air India.  Tata Sons ...
By Our Special Correspondent in Mumbai

Business  /  Published 26.10.20

Interim relief for retail giant Amazon

Amazon on Sunday won an interim award against the Future group’s sale of its retail business to Reliance Industries Ltd (RIL) after a Singapore-based single judge arbitration panel put the deal ...
By Our Bureau in Mumbai

Business  /  Published 23.10.20

Liberty Group starts Adhunik Metaliks unit

“We expect to clock a turnover of Rs 1,400-1,600 crore in the next fiscal. However, I believe Adhunik could be a Rs 2,000-crore business in the subsequent period,” Adhunik MD Uday Gupta sa...
By Our Special Correspondent in Calcutta

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Business  /  Published 20.10.20

JSW bags another insolvent player

JSW Steel has won the approval of the National Company Law Tribunal to acquire value-added steel maker Asian Colour Coated Ispat Pvt Ltd (ACCIPL). The company, a wholly owned subsidiary of Sajjan Jin...
By Our Special Correspondent in Calcutta

Business  /  Published 10.09.20

LVMH-Tiffany deal off

The $16.2-billion deal that would have brought together LVMH Moët Hennessy Louis Vuitton and Tiffany & Company, which would have been the biggest acquisition ever in the luxury sector, is cra...
By New York Times News Service in New York

Business  /  Published 01.09.20

Adanis acquire GVK’s stake in Mumbai airport

The Central Bureau of Investigation had in June charged the GVK Group with siphoning off funds totaling Rs 705 crore. It is charged with causing a loss of Rs 310 crore to the exchequer by entering in...
By Our Special Correspondent in Mumbai

Business  /  Published 14.08.20

Shell ready to board Nayara

Rosneft-backed Nayara Energy has received a major boost in its petrochemical plans with Royal Dutch Shell likely to buy a 50 per cent stake in the proposed project. Nayara, formerly Essar Oil, operat...
By Our Bureau in Mumbai

Business  /  Published 29.07.20

Intel: Company recasts operations

US chip maker Intel Corporation has announced the departure of Venkata Murthy Renduchintala, the firm’s chief engineering officer and group president of the Technology, Systems Architecture and ...
By Our Bureau in Calcutta


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