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merger

Silver Lake Resources Shareholders Approve Merger with Red 5

In a significant development, shareholders of Australian gold producer Silver Lake Resources have given the green light to a merger with domestic peer Red 5. This approval brings the companies closer to completing the deal through a scheme of arrangement, which involves Red 5 acquiring all shares of Silver Lake. The next step involves seeking …

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IDFC First Bank Shareholders Approve Merger with IDFC Ltd

IDFC First Bank shareholders have approved the merger of IDFC Limited with the bank, marking a significant step in the amalgamation process. The National Company Law Tribunal (NCLT) convened a meeting on May 17, 2024, to consider and approve the composite scheme of amalgamation involving IDFC Financial Holding Company merging into IDFC Limited, and subsequently, …

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Singapore Airlines Highlights Strategic Benefits of Pending Air India-Vistara Merger

Singapore Airlines Group announced on Wednesday that the proposed merger between Air India and Vistara is still awaiting foreign direct investment (FDI) and other regulatory approvals. The group emphasized that this merger will significantly enhance its multi-hub strategy and allow it to maintain a strong presence in the rapidly expanding Indian aviation market. Vistara is …

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UK Regulator Questions Vodafone and Three Merger Plans

The Competition and Markets Authority (CMA) in the UK has cast fresh doubt on the likelihood of approving a merger between Vodafone and Three, questioning the necessity of such a move despite the operators’ arguments for consolidation. Vodafone and Three have been advocating for a merger, claiming that the UK telecom landscape would benefit from …

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Madras HC Refuses to Interfere with LVB-DBS Merger, Directs RBI to Reassess Tier-II Bond Write-Off

The Madras High Court, in a ruling on April 26, declined to intervene in the 2020 merger of Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL). However, the court directed the Reserve Bank of India (RBI) to conduct a fresh valuation of the assets and shares of both entities to determine any reduction …

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Sony Pictures Entertainment and Apollo Global Discuss Possible Joint Bid for Paramount Global

News on MEA

Sony Pictures Entertainment and Apollo Global Management are in discussions regarding a potential joint bid for Paramount Global, according to reports from the New York Times and sources familiar with the matter. While the conversations are ongoing, several challenges must be addressed before a formal offer can be made. Apollo Global Management had previously considered …

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Star Bulk Completes Merger with Eagle Bulk Shipping, Solidifying Position in Dry Bulk Shipping Market

Star Bulk Carriers Corp. (NASDAQ:SBLK), a leading player in the dry bulk shipping industry, has successfully concluded its merger with Eagle Bulk Shipping (NYSE:EGLE) Inc., marking a significant milestone in its expansion strategy. The completion of this merger, announced today, signifies Star Bulk’s commitment to enhancing its fleet capabilities and operational footprint in the global …

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Fincare SFB Completes Merger with AU SFB, Bolstering Distribution Network

AU Small Finance Bank (AU SFB) finalized its merger with Fincare Small Finance Bank (Fincare SFB) on Monday, marking a significant consolidation within the sector and expanding AU SFB’s footprint. The all-stock merger, initially announced on October 29, 2023, concluded with shareholders of Fincare SFB receiving 579 equity shares in AU SFB for every 2,000 …

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CBI Clears Air India-Indian Airlines Merger: Shiv Sena’s Raut Demands BJP Apology to Ex-PM Singh

The Central Bureau of Investigation (CBI) has concluded its investigation into alleged irregularities surrounding the Air India-Indian Airlines merger, filing a closure report due to lack of evidence of any wrongdoing. In response, Shiv Sena (UBT) leader Sanjay Raut has called on the Bharatiya Janata Party (BJP) to apologize to former Prime Minister Manmohan Singh …

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Vistara Issues Ultimatum to Pilots Over New Pay Structure Amid Merger with Air India

Vistara, in the midst of its merger with Air India, has given an ultimatum to its pilots regarding a new pay structure, sparking concerns among pilots, particularly First Officers, who anticipate significant pay cuts. The ultimatum, issued just hours before the deadline to accept the new pay terms, warns of potential exclusion from the integrated …

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