The Corporate Affairs Ministry has announced revisions to the thresholds for mergers and acquisitions (M&As), altering the criteria for exemption from Competition Commission of India (CCI) approval. Under the new regulations, companies are not obligated to notify the CCI if the target entity’s assets, including subsidiaries, amount to less than Rs 450 crore, with a …
RJ Corp, led by Ravi Kant Jaipuria, has made a significant acquisition in the healthcare sector by purchasing 1.07% or 2.8 million shares of Delhi-based Global Health. The transaction, conducted through an open market deal, amounted to Rs 379 crore, as per BSE bulk deals data. The shares were acquired at Rs 379 apiece, marking …
RJ Corp Acquires Rs 379 Crore Worth of Global Health Shares in Open Market Transaction Read More »
Reliance Industries Ltd., led by Mukesh Ambani, Asia’s wealthiest tycoon, is reportedly nearing a significant deal involving cash and stock to acquire Walt Disney Co.’s operations in India. This deal revolves around Disney’s controlling stake in the Disney Star business, valued at approximately $10 billion, offering an alternative to the previously considered piecemeal transactions. Reliance …
After suffering through heavy storms of the financial crisis, the Government of India finally approved the 100% disinvestment in Air India. The bid was open two weeks ago, and the TATA group won it. The TATA Group holding a company, Tata Sons, through its wholly-owned subsidiary Talace Pvt Ltd submitted a winning bid of Rs. …
