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, 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 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 […]
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, 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 […]
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 […]