Breakfast Deals

M&A deals steady in Indian auto sector: Report

Date posted: Thursday 19 July 2018

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The Indian auto industry is in top gear. Deal volumes in the auto space have remained steady with 18 announced transactions in 2018 worth $500 million. The report talks about technology disruption and overseas expansion as the major drivers of the mergers and acquisitions landscape in the Indian automotive sector. The report also said that while the deal volumes pertaining to mid-market players have been limited, there has been an increasing focus on exploring inorganic opportunities amongst this segment due to increasing cash reserves and reasonable valuations in the overseas markets.

(Fortune India)



Naspers sells majority stake in Travel Boutique

Date posted: Thursday 19 July 2018

South African media and technology conglomerate Naspers has sold its majority stake in B2B travel platform Travel Boutique Online (TBO), marking its second strong exit in India in the last three months.  Standard Chartered Private Equity, the private equity arm of Standard Chartered Bank, has acquired a 49% stake in Gurgaon-based TBO from Naspers, which has been, till date, the largest and sole institutional investor in the company.

(Economic Times)



HT Media, Next Mediaworks to merge their radio businesses

Date posted: Thursday 19 July 2018

HT Media Ltd, the publisher of Mint and Hindustan Times newspapers, has proposed to merge its radio arm with that of Next Mediaworks Ltd. HT Media and its shareholders will own 74% in the merged entity, while Next Radio and Next Mediaworks’s shareholders will hold the rest.

(DealStreet Asia)





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