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Shapoorji Pallonji & Company (SPCPL) is considering selling its stake in Sterling and Wilson Renewable Energy (SWRE) to meet financial obligations. Plans are underway to manage debt and refinance it, while the Mistry family considers raising loans and has amassed significant debt. ....
Wondrlab acquires WebTalk, a Polish agency, in a cash and equity deal. WebTalk receives a stake in Wondrlab, with undisclosed financial details. The acquisition benefits WebTalk clients by providing access to Wondrlab platforms. This is Wondrlab s fifth acquisition and the largest to date. Wondrlab plans to make 26 acquisitions, having raised $7 million. The company targets a revenue of Rs 200 crore and has launched its European hub. Jarek Ziebinski is appointed Chairman of the Supervisory Board of the European Hub. ....
“ZEEs notice to the Bombay Stock Exchange and the National Stock Exchange of India dated December 17 is an acknowledgement that they will not be able to meet the December 21, 2023 deadline to close the SPNI/ZEE merger," the SPNI statement reads. ....
A merger deal between Japan s Sony group s Indian arm (Culver Max Entertainment) and Zee Entertainment Enterprises that will create a $10 billion media giant faces obstacles. The merger s deadline, originally set for December 21, 2023, may be delayed by several months as Zee requests Sony for an extension. The merger deal was inked on December 22, 2021. ....
This move comes six years after regulatory authorities thwarted previous attempts to consolidate the U.S. health insurance sector through mega-deals. ....