KKR backs SIMEC to buy out ABG Cement; Rs 900-crore funding to help complete 5.8-million tonne unit in Gujarat

MUMBAI: Private equity heavyweight KKR is teaming up with diversified trading and commodities group SIMEC to invest Rs 900 crore to take over the cement business of debt-laden ABG Group through a complex, multi-tiered financial transaction. The much needed funding … Continue reading

Rise & fall of Ispat Industries – on way to merger with JSW Steel

On September 1, JSW Steel announced that it was merging JSW Ispat Steel with itself. JSW Steel had originally bought a majority stake in Ispat Industries — a steel company started by industrialist M L Mittal — in 2010, after … Continue reading

Telecom Commission gives its nod to new M&A rules

The Telecom Commission has not ruled out levying a one-time fee on operators holding spectrum beyond 6.2 mega hertz and favours an auction-based pricing for future spectrum allocations, the telecom secretary said on Monday. R Chandrashekhar, the top bureaucrat in … Continue reading

TRAI proposes to relax norms – To Boost M & A / Spectrum Sharing

Telecom regulator TRAI, has proposed change in cap on combined market share for merged Telecom entities from existing ceiling of 40% of subscribers/ revenues to 60%. While, the mergers of telcos aggregating to combined market share of 35% has been proposed to … Continue reading