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Adani Group Surpasses Mukesh Ambani’s RIL in 2024 M&A Deal Value

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The Adani Group outpaced Mukesh Ambani-led Reliance Industries (RIL) in terms of merger and acquisition (M&A) deal value in 2024. The group secured deals worth $6.32 billion, significantly higher than Reliance Industries’ $3.14 billion, reaffirming its competitive edge in the M&A arena. This marks a reversal from 2023 when Reliance Industries led Indian conglomerates in …

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NeueHealth to Be Acquired by NEA Affiliate in $1.3 Billion Deal

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NeueHealth, a leading company in value-based care solutions that connects providers and payers through technology, has entered a definitive merger agreement to be acquired by an affiliate of New Enterprise Associates (NEA). The deal, valued at $1.3 billion, will transition NeueHealth into a privately held company. As part of the agreement, common stockholders of NeueHealth …

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Nirma Group’s Nuvoco Vistas to Acquire Vadraj Cement Through NCLT

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Nuvoco Vistas Corp, a cement subsidiary of the Nirma Group, announced on Monday its successful bid to acquire Vadraj Cement through the corporate insolvency resolution process (CIRP). The acquisition is expected to bolster Nuvoco’s cement capacity by 20%, increasing it from 25 million tonnes per annum (MTPA) to 31 MTPA. The transaction, described by Nuvoco …

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Global Round-Up: Honda-Nissan Merger, Nvidia’s Latest Acquisition, and More

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The global business and political landscape witnessed key developments as major players made significant moves and events unfolded across industries. Here’s a summary of the most notable stories from December 23 on World Street. Automotive Merger in Sight Honda, Nissan, and Mitsubishi have reportedly begun merger discussions, with an official announcement anticipated soon. According to …

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Korean Air Completes $1.3 Billion Acquisition of Asiana Airlines

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Korean Air has finalized its $1.3 billion acquisition of a 63.88% stake in Asiana Airlines, marking one of the largest aviation mergers in recent history. The landmark deal was completed on December 12, 2024, after Korean Air successfully secured regulatory approvals in 14 jurisdictions, including a comprehensive review by the U.S. Department of Justice (DOJ). …

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Jindal Saw to Acquire 31.2% Stake in ReNew Green Energy for Concessional Power

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Jindal Saw Ltd. announced on Tuesday that it has signed an agreement to acquire a 31.2% equity stake in ReNew Green MHH One Private Limited (RGMHH), a subsidiary of ReNew Green Energy Solutions Private Limited (RGES). The acquisition aims to secure electricity at concessional rates for the company’s operations. While the financial details remain undisclosed, …

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Tata Consumer Products Merges Three Subsidiaries to Streamline Operations

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Tata Consumer Products Ltd (TCPL), the FMCG arm of the Tata Group, has successfully completed the merger of three wholly-owned subsidiaries: Tata Consumer Soulfull Pvt Ltd, NourishCo Beverages Ltd, and Tata SmartFoodz Ltd. The move follows approvals from the National Company Law Tribunal (NCLT) and other regulatory bodies. The merger became effective on September 1, …

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Unacademy Valuation Drops: Acquisition Talks with Allen Career Institute Ongoing

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Unacademy, once valued at $3.4 billion, is reportedly in talks for an acquisition by Allen Career Institute, which could value the edtech firm at $800 million. This potential deal, as reported by the Economic Times, highlights a dramatic shift in the fortunes of the Indian edtech sector. Sources close to the discussions reveal that the …

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Foreign Firms Invest £7.8 Billion in UK Businesses Amid Decline in Overall M&A Activity

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Foreign firms invested £7.8 billion in acquiring UK businesses during the latest quarter, reflecting a £1.1 billion increase compared to the previous period, according to the Office for National Statistics (ONS). This rise in inward mergers and acquisitions (M&A) occurred despite an overall reduction in the number of deals within the UK. Key transactions during …

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Korean Air to Unify Low-Cost Carrier Brands Under Jin Air Post-Asiana Merger

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Korean Air has confirmed that it will consolidate its low-cost carrier (LCC) brands under the Jin Air banner following its merger with Asiana Airlines. The unified brand will include Asiana’s subsidiaries Air Busan and Air Seoul, creating what is described as a “mega LCC” in South Korea. Rebranding Strategy “Jin Air, together with Asiana’s Air …

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