Honeywell breakup on the horizon? Elliott’s $5bn stake raises stakes

Honeywell breakup on the horizon? Elliott’s $5bn stake raises stakes

In a significant development within the industrial sector, activist investor Elliott Investment Management has taken a substantial $5 billion stake in Honeywell International Inc., calling for the conglomerate to split into two separate businesses, as per a report in Reuters. This proposition marks a bold step by Elliott, who has long been known for aggressive […]

Anglo American’s A$1.6bn coal sale: What this game-changing move means for the industry

Anglo American’s A$1.6bn coal sale: What this game-changing move means for the industry

Anglo American, a global mining giant, has announced a landmark decision to sell its 33.3% minority stake in Jellinbah Group Pty Ltd for A$1.6 billion (approximately US$1.1 billion). The buyer, Zashvin Pty Ltd, an existing shareholder, has secured this substantial acquisition, marking a significant shift in the Australian coal industry and Anglo American’s strategic operations. […]

GMR Airports Infrastructure completes major merger, boosting airport operations

GMR Airports Infrastructure completes major merger, boosting airport operations

GMR Airports Infrastructure Ltd (GIL) has announced the successful completion of a significant corporate restructuring, merging GMR Airports Ltd (GAL) and GMR Infra Developers Limited (GIDL) into GIL. This merger, effective from 1 April 2023, marks the culmination of a strategic move initially announced on 19 March 2023. The consolidation aims to streamline the corporate […]

Aditya Birla Fashion and Retail evaluates demerger of Madura Fashion & Lifestyle

Aditya Birla Fashion and Retail evaluates demerger of Madura Fashion & Lifestyle

In a pivotal strategic decision, the Board of Directors of Aditya Birla Fashion and Retail Ltd. (ABFRL) has given its nod for the management to thoroughly evaluate the potential vertical demerger of its Madura Fashion & Lifestyle business segment. This decision, aimed at segregating the Madura division into a separate listed entity, underscores the company’s […]

Opyl Limited announces divestment of Opin to focus on AI-driven clinical trial management

Opyl Limited announces divestment of Opin to focus on AI-driven clinical trial management

Opyl Limited, listed on the Australian Securities Exchange under the ticker ASX:OPL, has entered a significant phase of corporate restructuring with the announcement of a non-binding offer from Trial Screen Pty Ltd, led by Dr. Hugo Stephenson, to acquire its patient candidate recruitment business, Opin. The proposed deal, which includes the divestment of Opin for […]

ZEE Entertainment Enterprises announces strategic changes in technology and data vertical

ZEE Entertainment Enterprises announces strategic changes in technology and data vertical

In a significant corporate restructuring, ZEE Entertainment Enterprises Ltd. (ZEE) has announced comprehensive changes within its Technology and Data verticals, orchestrated under the strategic guidance of Managing Director & CEO Punit Goenka and the Company’s Board. This move comes as ZEE aims to optimize its operational efficiency and sharpen its focus on long-term growth and […]