Top Trending Acquisitions & Mergers News & Highlights
This Diwali, OOH ad sales increase by 20%, while data-driven campaigns increase DOOH share by 24%.
This year's Diwali brilliance extended beyond diyas and fireworks, illuminating billboards, computer screens, and Indian cityscapes. Brands transformed the outdoors into a canvas of color, emotion, and commerce by painting the streets with joyous tales in both Tier-II communities and busy metropolises. The outcome? For the Out-of-Home (OOH) advertising sector in India, this was one of the busiest holiday seasons to date. Due to early holiday planning, daring creative executions, and a swift transition to digital and data-led outdoor solutions, the industry saw impressive double-digit growth as consumer sentiment skyrocketed and advertiser confidence returned in full force.The OOH sector has grown significantly over this holiday season, which is indicative of both the restored vigor in consumer markets and economic optimism. Vaishal Dalal, co-founder of Excellent Publicity, emphasized this momentum and noted that the industry's growth trajectory is still strong. This holiday season, the OOH sector has experienced strong double-digit growth. OOH advertising revenues increased steadily across the country, from ₹4,140 crore in 2023 to ₹4,650 crore in 2024, and are expected to surpass ₹5,200 crore in 2025. The entire OOH ad expenditure increased by more than 15–20% year over year during Diwali, thanks to robust seasonal campaigns in industries including retail, FMCG, consumer durables, automotive, and BFSI."Internal estimates indicate a ~40% YoY increase in Diwali-related OOH bookings at Excellent Publicity, surpassing the industry average," he added. Early festive planning, strong advertiser confidence, and nearly full occupancy across premium billboard sites were credited with this spike.Vikas Nowal, CEO of Interspace Communications, echoed this pattern, stating that the company also experienced a notable Christmas bump. Our OOH company has performed well throughout the Diwali holiday season this year, with a projected 20% increase in sales over the previous year. Higher consumer involvement and greater advertising confidence throughout the festival period are reflected in this uptick," he continued. With companies aiming for both quantifiable engagement and widespread effect, both leaders concur that the OOH medium has become one of the most dependable and prominent options for festive storytelling.
Published 21 Oct 2025 07:55 PM
To improve hybrid cloud services, CCI approves Capgemini's complete acquisition of Singapore-based Cloud4C.
In order to strengthen its hybrid cloud and AI-driven enterprise products, the French IT giant, which has a sizable delivery base in India, had announced the deal in August.The request by French IT services giant Capgemini to fully purchase Singapore-based Cloud4C was accepted by the Competition Commission of India (CCI) on Tuesday.The move followed Capgemini's announcement in August of this year that it had inked a deal to buy Cloud4C, a pioneer in hybrid cloud platform services.According to an announcement from CCI, the proposed combination is related to Capgemini SE's purchase of all shares of Cloud4C Services Pte Ltd (Target 1) and Cloud4C Services Pvt Ltd (Target 2). The Capgemini group's ultimate parent company is Capgemini SE. In a post on X, the regulator stated, "Commission approves proposed acquisition of Cloud4C Services Pte Ltd and Cloud4C Services Pvt Ltd by Capgemini SE."Capgemini, a prominent multinational in consulting, digital transformation, technology, and engineering services, has its headquarters in Paris. One of the company's biggest delivery bases worldwide is India, where it is well-represented.
Published 15 Oct 2025 05:23 PM
Why the largest automakers in the world are reconsidering their
The electric vehicle (EV) boom is slowing down globally. As governmental changes, costs, and consumer reluctance redefine the industry's future, major automakers are reducing their production and adopting hybrids after years of bold all-electric commitments.Although growth will be uneven, EVs will account for one in four worldwide auto sales this year, according to BloombergNEF's annual Electric Vehicle Outlook report. With more than half of all new automobiles sold in China being electric, the U.S. and Europe are facing declining demand and political unpredictability. In the meantime, reasonably priced EVs are driving historic growth in emerging economies like Vietnam and Thailand.Automakers are shifting their tactics to include hybrids and plug-in hybrids after previously promising entirely electric lines. A reconsideration is being compelled by declining sales, exorbitant battery prices, and inadequate infrastructure for charging. 1. A slower rate of consumer acceptance Mass-market consumers are still wary about EVs, despite early adopters' enthusiastic embrace. Enthusiasm has been tempered by range concern, expensive upfront costs, and uneven charging infrastructure, particularly in nations with weak charging networks or growing electricity bills. 2. Expensive batteries and a lack of materials The price of lithium, nickel, and cobalt—essential components of EV batteries—has fluctuated. Profit margins have been squeezed by this unpredictability, which has also reduced the financial appeal of EV production. Costs are still high when compared to internal combustion engine (ICE) and hybrid vehicles, even with the emergence of local battery plants. 3. Gaps in charging infrastructure The charging network is still sporadic outside of China and several regions of Europe. Long charging durations and a lack of fast-charging stations continue to deter consumers in the US and India. Automakers are concerned about generating EVs more quickly than the infrastructure can handle.
Published 14 Oct 2025 09:20 PM
SBI looks to focus on deal financing within its own territory, as a draft regulation from the RBI proposes an even playing field for Indian banks
The State Bank of India (SBI), which has long funded the overseas acquisitions of Indian companies, believes it is prepared to support domestic mergers and acquisitions (M&As) as the Reserve Bank of India (RBI) looks into the possibility of allowing domestic lenders to do so.“Our outbound M&A financing involves Indian corporations acquiring foreign entities. Banks such as SBI possess extensive knowledge of acquisition financing,” C.S. Setty, chairman of the largest lender in the country, informed reporters during the Global Fintech Fest in Mumbai on Wednesday.Amitabh Chaudhry, the managing director and CEO of Axis Bank, stated on Tuesday that his bank aims not only to take part but also to challenge foreign banks that have been funding these acquisitions for several years, offering them “a run for their money.”On 1 October, in the course of detailing its review of monetary policy, the RBI unveiled a draft framework aimed at allowing domestic banks to underwrite acquisition financing for Indian corporates—something that has been desired by the banking sector for a long time. Regulatory constraints had effectively prohibited Indian banks from providing loans for share purchases in acquisition deals up to this point. Foreign banks, non-bank financial institutions, bond markets, and private equity largely took on those tasks.As the RBI aims to revise the regulations, domestic banks might soon benefit from a level playing field that is conditioned on safeguards, credit limits, and oversight standards. Market participants think this action could reveal value in the corporate funding life cycle. “Im Zuge des Geschäftsjahres 2024 beliefen sich die Werte von M&A-Transaktionen auf mehr als 120 Milliarden US-Dollar (ungefähr ₹10 lakh crore bzw. trillion). As per a note from SBI Research Ecowrap following the RBI's announcement regarding draft rules, if we consider that the debt component accounts for 40% of M&A and that banks could finance 30% of this, it results in a possible credit growth of ₹1.2 lakh crore.
Published 09 Oct 2025 04:27 PM
Acquisitions & Mergers
Acquisitions & Mergers are the latest trend in the globe.
BFSI sector deals increased 23% in Q2, according to Grant Thornton.
In the industry, 63 deals were completed, and deal values increased by 46%.According to Grant Thornton Bharat, the financial services industry saw mergers and acquisitions valued at $867 million in the second quarter of 2024, as well as $1.6 billion in private equity investments. With 63 agreements completed in the second quarter, the sector's overall activity increased by 23% in terms of volume and 46% in terms of deal value.It stated, "The market has demonstrated resilience and optimism, reflected in robust primary investments and healthy consolidation, despite the uncertainty surrounding election results."M&As With 15 deals completed, the volume of merger and acquisition deals increased sequentially by 15%. Nonetheless, the deals' worth decreased by 11% to $867 million. Domestic consolidations accounted for 73% of the volume of M&A transactions, suggesting a preference for strategic local investments. With an 84% contribution, inward transactions accounted for the majority of the deal value. According to the research, this significant inflow of foreign investment highlights the sector's attractiveness to global investors. The largest transaction in the industry saw Zurich Insurance Group raising its ownership to 70% of Kotak Mahindra General Insurance. This represents the biggest overseas investment in India's general insurance sector.
For ₹300 crores, Nazara Technologies purchases a further 48.42% of Paper Boat Apps.
Paper Boat Apps is the developer and publisher of popular children’s digital gamified learning app ‘Kiddopia’ which is the #3 grossing app for children between 2-8 years of age in the USAnupam and Anshu Dhanuka, the promoters of Paper Boat Apps Pvt. Ltd. (PBA), have sold an additional 48.42 percent of the company to Nazara Technologies Limited for a sum of Rs 300 crores, to be paid in cash over time. The popular children's digital gamified learning software "Kiddopia," which is the #3-grossing app for kids in the US between the ages of 2 and 8, is developed and published by Paper Boat Apps.When the time is right, Nazara plans to integrate Paper Boat Apps into the business to bring one of the most well-known kids' gamified learning IPs in the world, Kiddopia, home. By taking this action, Nazara will be able to reap the benefits of robust cash flows that can be used for both inorganic and organic expansion.Nazara purchased a 50.91 percent share in Paper Boat Apps in 2019.
Why there may be more hospital mergers in the second half of 2024
Thus far in 2024, the quantity of hospital mergers is roughly equal to the quantity of agreements declared in the previous year.The healthcare consulting firm Kaufman Hall reports that in the first half of 2024, there have been 31 hospital mergers that have been announced. Kaufman Hall reports that there were 65 hospital deals announced in 2023, up from 53 transactions in 2022.Twenty acquisitions were made in the first quarter of 2024—the most in a first quarter since 2020—but eleven merger announcements were made in the second quarter.Despite fewer sales, the second quarter's transacted revenue of $10.8 billion was still very close to all-time highs, according to Kaufman Hall.According to Anu Singh, managing director of Kaufman Hall, there are several reasons that could contribute to increased deal-making in the second half of the year and beyond, independent of the quantity of agreements or revenue. Singh listed several elements in an interview with Chief Healthcare Executive® that ought to encourage further hospital mergers. And he adds a major contributing factor is that many hospitals are still having financial difficulties, even while certain hospitals and health systems are doing better. While they have been able to somewhat recover, several smaller hospitals are looking to combine. They want to find a deal before things get worse. Additionally, companies are saying things like,We're making every effort to lessen the negative cash flow, but we'll never get back to that.
F&O-banned stocks on July 15, 2024
On Monday, July 15, 2024, the National Stock Exchange (NSE) imposed a trading suspension on eleven equities in the futures and options (F&O) segment.These stocks were prohibited because their market-wide position limit (MWPL) exceeded 95%. These equities can still be traded in the cash market even though they are prohibited in the F&O segment.The list of securities subject to the F&O prohibition is updated on a regular basis by NSE. The following stocks are prohibited as of July 15:Aditya Birla Fashion and Retail Balrampur Chini Mills Bandhan Bank Chambal Fertilisers and Chemicals GMR Infra GNFC IEX India Cements Indus Towers Piramal Enterprises RBL BankDerivative contracts for these securities were included in the embargo period, according to the NSE, because they exceeded 95% of the MWPL. Clients and members may only trade in these assets' derivative contracts during this prohibition period in order to offset their positions and decrease their holdings. Any increase in available employment will be met with the proper legal and disciplinary measures. During the ban period, no new positions are allowed in the F&O contracts of stocks.
Kewal Kiran pays Rs 166.51 crore to purchase a 50% stake in Kraus.
Owner of the menswear brands Killer, Integriti, Lawman Pg3, and easies, Kewal Kiran Clothing Limited, has acquired a 50% stake in Kraus Casuals Private Limited for ₹166.51 Crore.By doing this, the company has entered the market for women's denim and casual clothing.KCPL is a manufacturer, retailer, designer, and exporter of women's clothing, with an emphasis on denim bottom and top wear as well as casual attire for women, youths, and children. It now operates under the Kraus jeans brand.The company used to operate as a partnership under the name Oriental Trading Company.Kraus sells through 1,000 large format retailers like Lifestyle, Pantaloons, Reliance, Shoppers Stop, and Lulu, whereas KKCL has a network of 488 exclusive brand sites."We will grow in this category as well with today's acquisition," KKCL Chairman and Managing Director Kewalchand Jain said. "We have been attempting to purchase a women's wear brand." Please send suggestions and comments to editorial@iifl.com.
In H1, bankers collected $243.8 million in ECM fees, the most since 2007.
With $3.3 billion in related proceeds and an 11.3 percent market share, Citi tops the list for underwriting India-domiciled ECM activities.According to a research by LSEG Deals Intelligence, investment bankers collected $243.8 million in equity capital market (ECM) underwriting fees in the first half of the year, up 127% over the same period last year and the biggest amount since 2007.With $3.3 billion in related proceeds and an 11.3% market share, Citi tops the list for underwriting India-domiciled ECM activities.According to the LSEG report, ECM activity reached a new high and raised $29.5 billion in the first half of 2024, up 144.9 percent from the same period the previous year. This was the highest-ever semi-annual total by proceeds. The number of ECM products increased by 63.8% in the past year. Indian issuers made $4.4 billion from their initial public offerings (IPOs), a 97.8% increase over the same period last year. The number of IPOs also increased by 70.6% year over year. 85 percent of India's total ECM proceeds were from follow-on offers, which raised $25.1 billion, a 155.7 percent increase from the previous year and a 56.4% year-over-year increase in the number of follow-on offerings.The bulk of ECM activity in the country was accounted for by ECM issuance by India's industrials sector, which held a 21.4% market share and generated $6.3 billion in proceeds, a 96.2 percent increase from the previous year. The telecommunications industry gained a 16.6% market share, with revenues much higher than in the first half of 2023. Completing the top three was Financials, which raised $4.3 billion, or 57.2 percent more than the previous year, and commanded 14.5 percent of the market.
Will the wave of mergers lead to sustainable re-rating History is favoring a Yes. 5 cement stocks with upside potential of up to 44%
When the monsoon arrives, cement is one type of stock that experiences pressure. This time is no exception; pressure has been placed on the stocks. However, a distinction has also been made between a cyclical downward tendency and better or worse business and operating conditions than in recent years. The pressure and cement offtake condition has improved within the past three years.It has been observed that demand is not declining as sharply as it formerly did. This could be due to the fact that infrastructure is receiving significantly more attention overall or that as the economy expands, cement producers will experience an improvement in their overall demand matrix. Cement is currently going through a wave of consolidation, similar to how other industries have experienced it. There are numerous historical cases where mergers and acquisitions have occurred before the following cycle of stock re-rating.It has been observed that demand is not declining as sharply as it formerly did. This could be due to the fact that infrastructure is receiving significantly more attention overall or that as the economy expands, cement producers will experience an improvement in their overall demand matrix. Cement is currently going through a wave of consolidation, similar to how other industries have experienced it. There are numerous historical cases where mergers and acquisitions have occurred before the following cycle of stock re-rating.
India Inc. reports 501 transactions in Q2 2024, totaling $21.4 billion Report
In Q2 2024, India Inc. recorded 501 agreements totaling USD 21.4 billion, according to Grant Thornton Bharat Dealtracker.The consulting group reports that Q2 2024 had the largest quarterly volumes in the previous two years, but values fell as a result of the lack of significant M&A deals.Together, the merger and acquisition (M&A) and private equity (PE) agreements totaled 467, valued at USD 14.9 billion. This represents a 9% rise in volume but a 28% fall in value, mostly because of the USD 8.5 billion Reliance-Disney mega-merger from the previous quarter, according to Grant Thornton. A $1 billion deal and thirty high-value deals (over USD 100 million) were completed in the just concluded quarter, representing a 58% increase in high-value deals over the prior quarter.Due to geopolitical unrest, cross-border transactions are dropping; yet, traditional sectors saw volume growth over the prior quarter. "With recent election results and anticipated policy clarity from the upcoming budget, political stability is expected to boost investor confidence and drive deal activity in the next six months," added the statement. Large domestic deals and strong private equity activity were observed throughout the quarter, according to Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat.
M&As reach unprecedented levels in India These are Q2 2024's best offers.
In the second quarter of 2024 (Q2 2024), dealmaking activity in India reached unprecedented levels, as per Grant Thornton Bharat Dealtracker.Record-breaking 501 agreements totaling $21.4 billion were completed in the second quarter of 2024—the biggest quarterly volume since Q2 2022. Together, M&A and PE transactions totaled 467, with a combined value of $14.9 billion. In comparison to the previous quarter, this amounts to a 9% increase in volumes but a 28% fall in values, mostly because there were no mega-mergers like the Reliance-Disney deal in Q1 2024.High-value transactions (those worth more than USD 100 million) increased significantly during the quarter, from just 19 (including three deals above $1 billion) to 30 (a 58% increase).Indian corporations have a strong belief in the local investment climate, as seen by their expanding domestic investment. Due to geopolitical unrest, cross-border transactions are dropping, but conventional sectors saw volume growth over the prior quarter. Political stability is likely to increase investor confidence and spur deal activity in the next six months, according to Grant Thornton in a research, given the results of the most recent election and the anticipated policy clarity from the incoming budget.Conventional industries such as manufacturing and pharmaceuticals had a lot of deal activity in Q2 2024 and accounted for over half of all deal values.
Offering to buy 31.6% of UAE-based RAK Cement Co. is UltraTech Cement.
UltraTech Cement, a part of the Aditya Birla group, announced on Monday that it has submitted a bid to purchase a 31.6% share in RAK Cement Co., located in the United Arab Emirates, for White Cement and Construction Materials PSC (RAKWCT).UltraTech Cement Middle East Investments Ltd (UCMEIL), a fully-owned subsidiary of the cement manufacturer in India, would handle this in the United Arab Emirates.UCMEIL will invest in 29.39% of the equity share capital of 'Ras al Khaimah Co. for White Cement and Construction Materials PSC' (RAKWCT), a company listed on the Abu Dhabi stock exchange, according to a statement released by UltraTech on April 15.At the time, it had disclosed an investment of $101.10 million, or around Rs 839.52 crore, for a 29.39% ownership stake."We now write to inform you that UCMEIL has notified its intention of making a partial conditional cash offer for acquiring 158,049,610 shares, representing 31.6 per cent of the issued and paid-up share capital of RAKWCT," it stated. It further stated that this will be in compliance with Article 10 of the decision made by the chairman of the Securities and Commodities Authority's Board of Directors about the UAE's "takeover code," which governs the merger and acquisition procedures for publicly traded firms.
Indian competitor Koo quits down following unsuccessful acquisition negotiations
"To construct ambitious, world-beating products from India, whether in social media, Al, space, EV, or other futuristic categories, patient, long-term finance is necessary. When a global powerhouse already exists in the space, a lot more capital would be required, as stated by cofounder Mayank Bidawatka and Radhakrishna in a joint post. The founder of the Indian social media service Koo, Aprameya Radhakrishna, announced on LinkedIn on Wednesday that the app is closing down. Koo was formerly thought of as a competitor to the microblogging site X.According to people with knowledge of the situation, the founders' decision came after repeated rounds of negotiations failed to result in a possible sale or merger with several companies, including Dailyhunt.
Campaign Soulful Solitaires is launched by Vummidi Bangaru Jewellers.
Mr. Amarendran Vummidi, a trained gemmologist, provides the team with expert direction as they carefully select and construct each solitaire from VBJ.Chennai: The "Soulful Solitaires" campaign was introduced today by Vummidi Bangaru Jewellers, a reputable jewelry brand in India. With decades of experience, VBJ is the preferred choice for clients looking for natural diamond solitaires. All of their Indian and US showrooms feature a distinctive collection ranging in carat weight from 0.3 to 5.0.Every solitaire that leaves the VBJ home is flawless and has the endorsement of Mr. Amarendran Vummidi, managing partner of Vummidi Bangaru Jewellers, a skilled gemmologist. Amarendran Vummidi revealed further information on the campaign by saying, "I am fully involved in the manufacturing process – right from selection till the product goes to the customer." The finest quality is achieved at VBJ because we pay close attention to each VBJ solitaire diamond's cut, color, clarity, and carat. perfect glimmer and gloss. Our clients have always been enamored with and have included our skillfully created solitaire diamonds in their memorable occasions. Our vast assortment of solitaires, which we have created, offers a wide range of options that are sure to delight our consumers.
Codorus Valley Bancorp Inc. and Orrstown Financial Services Inc. are merging as equals, and Holland & Knight is advising the former.
July 2, 2024, in Philadelphia The parent company of PeoplesBank, Codorus Valley Bancorp Inc. (NASDAQ: CVLY), merged with Orrstown Financial Services Inc. (NASDAQ: ORRF) and its wholly owned subsidiary, Orrstown Bank, in an all-stock deal estimated to be worth $207 million. Holland & Knight provided advice on the merger. The transaction, which finalized on July 1, would establish a superior community bank operating under the name "Orrstown Bank" across Pennsylvania and Maryland. The combined business will have over $5.2 billion in assets and a market value of about $460 million, with 51 branches serving communities in Central and Eastern Pennsylvania as well as Greater Baltimore.Paul J. Jaskot, a partner at Holland & Knight, oversaw the company's Codorus Valley presence. Partners Travis Nelson, Roger Lane, John Martini, and Associates Francesco Salpietro, Nicole Martini, Kelcie Ouillette, Caitlin Simkins, Ryaan Ibtisam, Charnae Supplee, and Michael Romeo all provided assistance for him.
Might Paramount+ and Max Merge? Warner Bros. Discovery is willing to investigate a joint venture with Paramount Streaming.
Sources claim that Warner Bros. Discovery has expressed early interest in investigating a joint venture with Paramount Global to merge WBD's Max and Paramount+.Following the cancellation of merger negotiations with Skydance Media by controlling shareholder Shari Redstone last month, Paramount Global is moving forward with a new strategic plan led by three co-CEOs to reduce expenses, investigate the sale of specific assets, and boost Paramount+'s profitability through a potential joint venture with another player.Warner Bros. Discovery is one possible streaming dance partner for Paramount. According to a source, WBD is interested in exploring a streaming joint venture with Paramount Global, as CNBC initially revealed.Warner Bros. Discovery's investigation into the viability of a streaming joint venture with Paramount is hardly surprising, considering how openly Paramount Global's executive team has expressed their wish to find a partner. Right now, the scenario essentially entails each corporation testing the feasibility of a partnership in this manner.Representatives from Paramount Global and Warner Bros. Discovery declined to comment. Chris McCarthy, one of the three heads of the Office of the CEO and the CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks, spoke about two possible streaming collaborations during the company town hall meeting on June 25 at Paramount Global.The first choice is to establish a close, long-term partnership with a top technological platform that currently possesses the entire scope that we are attempting to achieve. McCarthy addressed the staff at the town hall, saying, "But what they lack is our scale of content, and together we will make for a very powerful combination to drive more minutes and greater profits." "And this would enable us to allocate a larger portion of our budget to our core competency, which is creating viral content."
brisk speed Promoters sell holdings valued at $10.5 billion in the first half of 2024.
According to data from Kotak Institutional Equities, the pace at which promoters are selling their companies accelerated in the first half of 2024, with deals totaling $10.5 billion made by the proprietors of 37 companies on the NSE500.Indian promoters sold $12.4 billion worth of stakes in 2023; if the current pace holds this year, the amount will significantly surpass the previous year's estimates.Stake sales by promoter entities of the Adani group increased the total amount last year.In 2024, sales will occur in a variety of industries, with the main drivers being debt repayment, business expansion, and compliance with minimum public shareholding requirements. It has been a tactical sale by non-promoter private equity groups.In Kotak's analysis, the promoters of Mankind Pharma, Vedanta, Cipla, and Mahindra & Mahindra sold their stakes for debt reduction, personal reasons, and changes to family holdings, respectively. In the case of Bharti Airtel and Indus Towers, the sells were made for financial realignment of the promoters' interests.The promoter shareholding of firms has decreased as a result of the stake sales; according to Kotak's study, promoter holdings in the companies in the BSE-200 index dropped from 42.1% at the end of December 2022 to 38.8% at the end of March.Indian shares have been heavily purchased by domestic investors, whose holding increased by 80 basis points to 23.5% over the same time period. Foreign portfolio investors' holdings have decreased throughout that period, from 21.4% to 20.5%. According to data from the stock exchanges, domestic mutual funds have purchased bulk and block deals, acquiring the inventory that promoters or PEs have offloaded.
SK Faces the Largest Reorganization in Two Decades Following Deals Spree
(Source: Bloomberg) The issue facing SK Inc. is that, following a $21 billion acquisition binge, the second-largest company in South Korea has grown too large.On Friday, Chairman Chey Tae-won will meet with top executives who oversee $240 billion worth of businesses, including manufacturers of batteries, mobile carriers, and suppliers of chips for artificial intelligence. According to observers, the outcomes might cause the business to undergo its largest restructuring since he assumed leadership more than 20 years ago.A six-year acquisition binge has left the company, according to one estimate, $170 trillion in debt, right before the crown jewel SK Hynix Inc. and its affiliates are set to make historic investments to take advantage of the market for AI memory chips. Chey has a personal stake in the outcome as well because he needs to raise $1 billion to finalize his divorce. Investors anticipate numerous asset sales and mergers.According to Park Ju-gun, president of Seoul-based corporate analysis company Leaders Index, "it's looking pretty bad for SK." "In the last six or seven years, every division under SK Inc. went on an extravagant buying binge to increase its size, and those excessive acquisitions have now made the group unmanageable, while the chairman is engulfed in a divorce."Chey Chang-won, Chey's cousin, is the head of the consultative committee known as SK Supex. Chey will host the meeting via video conference from the United States. The main priorities will be rearranging the portfolio and pursuing "quality growth," according to a statement released by SK on Thursday.SK stated that during the two-day retreat, the executives will also talk about ways to enhance the biotechnology and battery industries, among other things. Around 18% of SK Inc., which oversees more than 200 SK companies through a complex network of cross-shareholdings, is controlled by Chair Chey. The founding of the organization dates back to 1953.Following the Seoul High Court's decision last month to order 63-year-old Chey to pay the largest-known divorce payment in the nation, market expectations for a restructuring have grown. Two days following the ruling, SK Inc.'s shares shot up more than 20% on speculation that the business might raise its price to support the chairman.
IT companies seeking acquisitions to improve their capabilities and revenue
A downturn in global demand is preventing prospects for organic expansion, therefore Indian IT services are relying on acquisitions to drive growth in the face of an urgent need to invest in new skills, particularly in GenAI.Indian information technology (IT) services may be depending on acquisitions to support expansion in the face of an urgent need to invest in more advanced capabilities, particularly in GenAI, as organic growth prospects are further pushed back in an environment of cautious global demand. "Over the next 12 months, there will be a rise in M&A (mergers and acquisitions) activity due to the flat markets for BPO and IT services at the moment. The majority of new purchases will be in sectors that add
Sensex and Nifty are up and are trading in a narrow range close to their all-time highs.
Nifty, Sensex, and Stock Prices LIVE: The benchmark Indian indices, the Sensex and Nifty, began trading higher on Tuesday but remained in a limited range as investors watched for new catalysts, with the indexes close to record highs. The BSE Sensex was up by 0.31 percent, or 242 points, at 77,583, while the NSE nifty was up by 0.21 percent, or 49, to 23,587 points. After reaching a new high last Friday, the Nifty finished 0.2% higher on Monday, moving inside a 450-point trading range over the previous ten days. Anand James, Chief Market Strategist at Geojit Financial Services, predicts that there will be little chance of an upside break and that the market will likely consolidate inside a given range. At a certain point, the upward marker is still present, indicating the potential for a deeper decline. DealersStock Market Today | Share Market Live Updates - Get all the latest information on the Indian stock markets, share prices, Sensex, Nifty, BSE, and NSE for June 25, 2024, right here.
