Merger and acquisitions News

The Finance Ministry is banking on merger and acquisitions among CPSEs and share buybacks by state-run companies to meet the Rs 80,000-crore disinvestment target for the current fiscal.

Corporate India announced merger and acquisition deals worth USD 5.26 billion through 38 transactions in June, registering a three-fold increase in value terms, says a report.

After gathering public comments, the Competition Commission of India (CCI) earlier this month amended the combination regulations as part of efforts to streamline merger control

The Cabinet is likely to approve by month end the long-awaited guidelines on spectrum trading and sharing, that will pave way for merger and acquisitions in the telecom sector, a senior government official said today.

The government has said that FIPB's approval will not be required for merger and acquisitions in sectors where FDI is allowed under automatic route, a move aimed at further improving the ease of doing business in the country.

According to EY, if that deal is excluded, the latest September quarter registered an increase of 71 per cent in deal value compared to the year-ago period.

India targeted merger and acquisition deals reached USD 21.7 billion in the first 9 months of this year, up 22.4 percent year-on-year, according to Mergermarket.

With closing 16 deals, EY has emerged as the busiest arranger in the merger and acquisitions space this year in the country, while Citi tops by value, according to data compiled by Mergermarket.