Today’s M & A Deals_Sep 12, 2018

M & A Deals :

  • Exclusive: Rakesh Jhunjhunwala-backed Metro Shoes picks merchant bankers for IPO.
  • CLP India to buy 49% stake each in two Suzlon solar projects.
  • Sensex slides more than 2% in two days; rupee at new low vs dollar.
  • Unlisted public firms will soon have to issue new shares in demat form.
  • Greenko’s $300-mn deal to buy AT Capital-backed Orange Renewable falls through.
  • Emso, Eight Capital eye stressed assets; Apollo Global buys JP Morgan realty platform.
  • Sales force turns to SMEs in smaller cities to boost growth in India.
  • Alipay gains voting-rights edge in Zomato matters.

Morning Business News Round Up_ Sep 12, 2018

  •  RBI nominee should not be on PSU boards: Rajan
  •  Choksi diverted over Rs 3,250-cr to foreign shores: ED
  •  RBI gave a list of big fraud cases to PMO: Rajan
  •  US to probe M&M over Fiat Chrysler Jeep complaint
  •  Image result for ibbiIBBI working on group insolvency norms: MS Sahoo
  •  Doubling limit for DRT may expedite loan recovery
  •  National Fund set to buy IDFC infra debt fund
  •  Regulatory policies pose top risk to India Inc: Study
  •  Power NPAs: SC transfers all pleas challenging RBI notification to itself
  •  Suzlon to offload 49% stake in two solar projects in Maharashtra to CLP
  •  Reliance Capital posts Rs 2.72 bn profit in Q1, total income at Rs 46.41 bn
  •  I-T dept sells more shares of Cairn Energy to recover Rs 102 bn retro tax
  •  ArcelorMittal’s raised offer for Essar Steel plunges shares by 2.6%
  •  Centre to invite proposals to set up NBFC for food processing sector
  •  Panel of secretaries reviewing e-commerce draft to focus on FDI
  •  Real Effective Exchange Rate slips to 114.5 in August on falling rupee
  •  Goodricke in talks to buy two tea estates from McLeod
  •  HCL Tech’s buyback offer to start on Sep 18
  •  BPCL to skip Iran oil purchases in October
  •  Tata Power to offer suite of services in rooftop solar drive
  •  RBI nominee on PSU boards create illusion of regulatory control: Raghuram Rajan
  •  Distancing govt from PSBs will help avert NPAs: Rajan
  •  Reliance Jio to use Hughes satellite to provide 4G services in remote, rural areas
  •  Vijay Mallya to return to UK court for extradition hearing
  •  Ind-Ra downgrades IL&FS Financial Services on liquidity pressures
  •  Yes Bank raises USD 400 million through syndicated loan facility
  •  Blaupunkt to invest USD 300 million in India on TV business
  •  Corruption costs $2.6 trillion or 5 per cent of global GDP, says UN chief Antonio Guterres
  •  SC to hear ArcelorMittal plea against NCLAT order today
  •  Passenger vehicles sales skid 2.46% in August
  •  PSBs asked to set up one platform for sale of defaulters’ assets
  •  Rs 4L cr investor wealth wiped off in two days