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Oracle bid: The tug of war begins
A $1.3 bn tug of war between Indian shareholders of i-flex and US software major Oracle has started. Oracle has already thrown down the gauntlet offering to buyout Indian shareholders for Rs 2100 a share which if fully accepted will be worth $ 1.3 bn. If Indian shareholders tender their shares in response to Oracle’s offer they would effectively surrender control of the company to Oracle.
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KKR in talks with ADAG to bid for Hutch Essar
Kohlberg Kravis Roberts & Co (KKR), one of America's top private equity funds, has begun talks with the Anil Ambani group to try to form a partnership that will bid for Hutchison-Essar, India's third-largest GSM operator and the most sought-after acquisition in the telecom sector.
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Reliance Mutual fund picks up 3% in Air Deccan
Low cost airlines seem to be the flavour of the season for large corporate groups looking for financial investment. Just a day after the Tata group investment companies picking up 7.5% in the Delhi-based SpiceJet, it now turns out that the Anil Ambani group company Reliance Mutual fund has been slowly building up a position in the original price-warrior Air Deccan.
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SpiceJet deal gets even more spicier
A clutch of investors including the Tata group, Texas Pacific Group, Istithmar, Goldman Sachs, PNB Paribas, and Swiss Finance Corporation are set to pick up a 25% stake in low cost carrier SpiceJet for around $75mn (approx. Rs 330 crore) through preferential allotment at an average price of Rs 51.40.
To Read MoreClick Here
A $1.3 bn tug of war between Indian shareholders of i-flex and US software major Oracle has started. Oracle has already thrown down the gauntlet offering to buyout Indian shareholders for Rs 2100 a share which if fully accepted will be worth $ 1.3 bn. If Indian shareholders tender their shares in response to Oracle’s offer they would effectively surrender control of the company to Oracle.
To Read MoreClick Here
KKR in talks with ADAG to bid for Hutch Essar
Kohlberg Kravis Roberts & Co (KKR), one of America's top private equity funds, has begun talks with the Anil Ambani group to try to form a partnership that will bid for Hutchison-Essar, India's third-largest GSM operator and the most sought-after acquisition in the telecom sector.
To Read MoreClick Here
Reliance Mutual fund picks up 3% in Air Deccan
Low cost airlines seem to be the flavour of the season for large corporate groups looking for financial investment. Just a day after the Tata group investment companies picking up 7.5% in the Delhi-based SpiceJet, it now turns out that the Anil Ambani group company Reliance Mutual fund has been slowly building up a position in the original price-warrior Air Deccan.
To Read More Click Here
SpiceJet deal gets even more spicier
A clutch of investors including the Tata group, Texas Pacific Group, Istithmar, Goldman Sachs, PNB Paribas, and Swiss Finance Corporation are set to pick up a 25% stake in low cost carrier SpiceJet for around $75mn (approx. Rs 330 crore) through preferential allotment at an average price of Rs 51.40.
To Read MoreClick Here
posted by SY at 12:20 PM
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