Who will end up with Satyam in its fold?
14 mar 2009
With the bidding process of Satyam gaining momentum, till now it seems that there are just 3 players vying for the company, that are L&T Infotech, Tech Mahindra and Spice Corp.
takeover
ITC Hotels looking to acquire new properties, is Oberoi on radar?
12 dec 2008
Indian hospitality sector already plagued with global recession and terror attacks, may have found some sort of activity going their way.
The latest seems to be a comment by ITC that they are looking to buy new hotels and expand their business in such times of adversity.
Religare acquires Lotus Mutual Fund to kickstart their Mutual Fund business
04 nov 2008
Religare Enterprises, with the loads of money its promoters got from selling their Ranbaxy stake to Daiichi Sankyo has now acquired 100% of Lotus India Mutual Fund from Temasek-promoted Alexandra Fund Management and Sabre Capital for an undisclosed amount.
Sony Ericsson plans to buy Spice Mobile, overtake Samsung Mobile
10 jul 2008
After exiting its cellular phone service biz under Spice Communications, BK Modi is considering exiting Spice Mobile, its mobile phone manufacturing business.
It is reported that world’s third-largest handset manufacturer Sony Ericsson may buy out a majority stake in Spice Mobile.
ADAG eyes Zee’s Essel World
11 jun 2008
One of the first and largest amusement parks in India, Essel Group’s ‘Essel World’ is drawing interest from Anil Ambani’s Reliance Entertainment.
Reliance Entertainment wants to create entertainment zones around the country and Essel World fits perfectly into its fold due to its suitable location and nationwide popularity.
Idea-Spice-Telekom Malaysia deal – What is the best case scenario?
11 jun 2008
The much written about stake sale of Spice Communication is still witnessing its own turn of new permutations and reports for the exact contour of the deal, though nothing has been officially confirmed.
Firstsource Solutions on sale: Warburg, Blackstone, Carlyle in running
26 may 2008
ICICI Bank which has a 26.8% stake in BPO firm, Firstsource Solutions is looking to divest its stake as it feels it derives little synergy from the company.
Other major investors in Firstsource includes Temasek (which also has over 7% stake in ICICI), Metavante (US based banking solution firm) and Sequoia Capital/
As per Economic Times report, BPO firm WNS Holdings (owned by Warburg Pincus) may either merge or acquire Firstsource Solutions by buying out stakes held by ICICI Bank and other PE investors.
E*Trade exit Investsmart, HSBC joins in
17 may 2008
Marking its entry into the lucrative broking space of the Indian market, HSBC , through its subsidiary HSBC Securities and Capital Markets (India) is buying out 73.21% stake in broking and investment banking firm, IL&FS Investsmart for around Rs.1000 crore at Rs.200 per share.
Bharti’s bid for MTN – making of a telecom global giant
06 may 2008
Bharti Airtel has aspirations of becoming a telecom leader of the emerging countries by placing a bid of $19 billion for 51% stake in Johannesburg based MTN, a telecom company having operations in 21 countries of Africa, Middle East and Europe.
DCB merging with larger bank – impending action
10 apr 2008
After the recent Centurion Bank of Punjab merger with HDFC Bank, there are talks that Development Credit Bank, a mid-sized private sector bank may merge with a larger private sector or a foreign bank before 2009.