Advertisements Global consumer robot company iRobot, acquired by Amazon for $1.7 billion last week, has laid off 10 per cent of its workforce — nearly 140 workers. The company said that to better align its cost structure with near-term revenue,… Read More ›
M&A
Ford India To Sell Its Gujarat Plant For INR 725.7 Cr To Tatas
Advertisements In line with the earlier announcement, the Tata Passenger Electric Mobility Limited and Ford India Private Limited have inked the Unit Transfer Agreement for the acquisition of the latter’s plant in Gujarat for Rs 725.70 crore. In a regulatory… Read More ›
India Plans To Arm CCI With Power To Scrutinise Global M&A Deals
Advertisements The Centre on Friday proposed significant amendments in the Competition Act, 2002, aiming to give the Competition Commission of India (CCI) powers to scrutinise all global mergers and acquisition deals exceeding $252 million with “substantial business operations in India”…. Read More ›
Adani Group To Acquire Macquarie Road Portfolio For INR 3,110 Cr
Advertisements Adani Group on Thursday said it will acquire Macquarie Asia Infrastructure Fund’s toll road portfolio in Andhra Pradesh and Gujarat for Rs 3,110 crore. The portfolio of 972 lane km has a long concession life with established traffic in… Read More ›
India’s Ola And Uber Deny Report Of Merger Talks
Advertisements Uber Technologies and its Indian rival Ola on Friday denied a media report that the ride-hailing firms were in talks for a merger. A media report said that Ola Chief Executive Bhavish Aggarwal had met top Uber executives in… Read More ›
India M&A Volume To Rise Amid IPO Market Slowdown, JPMorgan Says
Advertisements Mergers and acquisitions have become an important solution for investors facing a slowdown in India’s equity capital markets, according to JPMorgan Chase & Co. “India is a super important market for sovereign funds, private equity and global pension funds,… Read More ›
India Inc Signs Over 1,100 Deals Worth Over USD 104 Bn In First Half Of 2022
Advertisements As many as 1,149 deals valued at $104.3 billion were signed by India Inc in the first half of this year despite global uncertainties, a report showed on Thursday. According to the Grant Thornton Bharat Dealtracker report, the numbers… Read More ›
RMG Acquisition Corporation II Announces Stockholder Approval of Business Combination with ReNew Power
Advertisements Renewable energy provider ReNew Power Private Limited on Tuesday announced that it has completed its previously announced business combination with RMG Acquisition Corporation II. As a result of the business combination, RMG II has become a wholly-owned subsidiary of… Read More ›