Idea Cellular Ltd

India: Aditya Birla Nuvo shareholders approve Grasim merger plan

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Shareholders of Aditya Birla Nuvo Ltd, controlled by billionaire Kumar Mangalam Birla, approved plans for a merger with Grasim Industries Ltd that would create a firm with $9 billion in combined revenue. About 83% of ABNL minority shareholder votes cast were in favour of a proposal to merge with affiliate… Read more »

2016-17: A record year for Indian M&A deals at $61b

This financial year has set a record for mergers and acquisitions (M&As) in India, with deals worth $61.26 billion—more than double the value of transactions last year. In 2015-16, M&A deals were worth $27.62 billion. The sharp increase was a result of both strong foreign buying interest and consolidation underway… Read more »