SHARE SWAP AGREEMENT

Sri Lanka’s leading telecom company, Dialog Axiata, has acquired 100% of Bharti Airtel’s subsidiary, Airtel Lanka, following the completion of an all-stock deal. Bharti Airtel now holds a 10.355% share in Dialog Axiata as a result of the share swap ...

Group holding company Tata Sons will offer shares of Tata Capital to Tata Motors. This will give India's third-largest carmaker by volume a minority stake in Tata Capital.

Vedanta Group's $894 million bond interest payment was delayed by seven days due to a discrepancy. The payment was made following an investigation and clarification. The group struck a deal with creditors to extend repayment deadlines for three doll...

India's Commerce Secretary, Sunil Barthwal, has said that countries negotiating free trade agreements (FTAs) with India are looking to gain a greater share in the country's rapidly growing automobile sector. The industry has strengthened in various ...

Kevin Mayer, a former Disney executive brought back in July by chief executive Bob Iger as an adviser to help him navigate the company’s legacy television business and the ESPN sports network and Manoj Modi, a close confidante of Ambani, were among ...

The union government has proposed to sell 8% equity in IRCON International through an offer for sale (OFS), which opens today.

As per the valuation report issued by RBSA Valuation Advisors LLP, the Rs 10,420.85 price per share approved by Maruti Suzuki board is equivalent to Rs 12,841.1 crore in value terms.

Back in August, Maruti Suzuki said it would acquire parent Suzuki Motor's manufacturing facility in Gujarat to ensure better management control over the unit. The local car market leader said this will help it respond faster to customer needs in Ind...

The Department of Telecommunications (DoT) in India has tightened rules around verification requirements for customers seeking mobile phone numbers and for point of sale (PoS) entities appointed by telecom operators. This is to curb fraud and phishi...

Education technology startup Think and Learn Pvt Ltd, which operates under Byju's brand name, has sent a legal notice to founders of Aakash Educational Services following their alleged resistance to complete a share swap that was unconditionally agr...

Sharif also thanked President Xi for sending his special envoy to Pakistan, showing solidarity for people-to-people friendship and showing to the world that both countries were bound in a great and unique relationship. "We are all-weather friends an...

China's efforts to internationalize the Yuan are facing challenges due to lack of trust and confidence in the currency. While Beijing's loan offers to developing countries for infrastructure projects helped boost the Yuan's visibility, it still rema...

The acquisition is planned through a composite scheme of merger with Uno Minda Ltd through a swap of shares. The enterprise value of the two entities -- Kosei Minda Aluminium and Kosei Minda Mould -- considered for the purpose, the transaction stand...

As per the agreement, Gogoro and Belrise Industries will form a 50:50 joint venture to invest in building open, accessible battery swapping stations in the state over the next eight years to help accelerate the shift to e-mobility. The smart energy ...

The company has reached an agreement to source 30,000 units from Hero Electric for around Rs 280 crore, which will be leased out to firms operating in the business-to-business (B2B) space as well as individual consumers, said Siddharth Kabra, co-fou...

The likeliest benefit that India will draw from a swap line with the US is the ability to thwart any self-fulfilling speculation against its currency during a sell-off episode. India is unlikely to draw upon the swap line just as it has not drawn up...

The current value of Alliances Galore is Rs 75 crore and Thriwe has allotted share worth that amount. The company is awaiting necessary approvals from NCLT before the merger.

Bajaj Auto holds 48% in KTM AG through its fully-owned Netherlands-based subsidiary Bajaj Auto International Holdings. Pierer Mobility AG (PMAG), a Pierer Group company listed on the Zurich and Frankfurt exchanges, holds another 51.7% in KTM.

M&M will acquire 2.76 per cent stake in the TVS group firm TASL, which is into multi-brand automotive aftermarket and related services, for about Rs 35 crore.