The merged entity will have revenue of Rs 80,000 crore.
By Mobis Philipose
Vodafone investors have been recommending an exit from India.
Vodafone Group Plc is nearing an initial agreement to merge its Indian operations with Idea Cellular Ltd, in a deal that would create the largest telecom company in one of the world’s most competitive markets, people with knowledge of the matter said. The two firms plan to announce a preliminary… Read more »
JSW Cement Ltd, a part of $11 billion JSW Group, will buy the entire promoter holding in cement maker Shiva Cement Ltd and launch an open offer to acquire another 32% from the company’s public equity shareholders, it was announced on Wednesday. Odisha-based Shiva Cement said it has agreed to… Read more »
In the first of a multi-part series, Mint profiles the 40 most influential people in India’s start-up ecosystem. While e-commerce influencers still dominate the list, there are a handful of new entrants, most prominently those connected with enterprise software or Software as a Service (SaaS) start-ups that are fast becoming… Read more »
Fuelled by a consolidation wave and rising confidence in the country’s economic growth prospects, merger and acquisition (M&A) activity increased to $69.75 billion across 1,195 announced transactions in 2016, beating the previous record of $66.96 billion seen in 2007, when dealmaking was at its peak, according to data compiled by… Read more »
Dentsu Aegis Network Ltd has acquired Fractal Ink Design Studio Pvt. Ltd, an experiential design studio which will join the network’s digital agency Isobar. The agency will be rebranded as Fractal Ink Design Studio—Linked by Isobar, Dentsu said in a statement Thursday. The deal size is estimated at around Rs… Read more »
Shree Cement Ltd has submitted a preliminary offer to buy a majority stake in Odisha-based Shiva Cement Ltd, two people aware of the development said. “The promoters of Shiva Cement have been in exit mode for a while now and have been in talks with several suitors and have mandated… Read more »