The Indian tribunal has approved an $8.5 billion merger between Reliance Industries Limited and Walt Disney Co.’s Indian media assets, setting the stage for a seismic shift in India’s entertainment industry. The merger, announced in February 2024, brings together Reliance, Viacom18 Media Private Limited, and Disney to form a joint venture, creating an unprecedented media […]
In a pivotal move for the Indian cement industry, UltraTech Cement Limited has announced its decision to purchase a substantial 32.72% equity stake held by promoters and their associates in India Cements Limited. This acquisition, pending regulatory approvals, positions UltraTech as a major player in the South Indian cement market. UltraTech Cement’s Strategic Investment On […]
The Competition Commission of India (CCI) has given its approval for the proposed deal that sees the Housing Development Finance Corporation Limited (HDFC Limited) escalating its stake in HDFC Life Insurance Company Limited (HDFC Life). HDFC Limited, a public limited company listed on both the National Stock Exchange of India Limited and BSE Limited, is […]
Paradeep Phosphates Limited has secured approval from the Competition Commission of India (CCI) for its previously announced acquisition of the Zuarinagar plant in Goa from Zuari Agro Chemicals. As a result of the transaction, Paradeep Phosphates Limited will acquire the business of developing and manufacturing urea and non-urea fertilizer products, that are currently being undertaken […]
Indian competition regulator – Competition Commission of India (CCI) has approved Jamnalal Sons’ (JSPL) acquisition of a 51% stake in Mukand Sumi Special Steel (MSSSL). Jamnalal Sons is an unregistered core investment firm that has shares across multiple Bajaj Group companies. The company is mainly an investment and lending firm and is not involved in […]