Author: Deal Street Asia Online News

UltraTech buys stake in India Cements for $226m

UltraTech Cement, India’s top cement producer by capacity, said on Thursday it will buy a 23% stake in India Cements for up to 18.85 billion rupees (about $226 million). UltraTech said it would buy 70.6 million India Cements shares for up to 267 rupees each, a 1.7% premium to the stock’s closing price on Wednesday.… Continue reading UltraTech buys stake in India Cements for $226m

Asia M&A fees drop to 11-year low amid slow-cooked deals

Financial advisory fees from mergers and acquisitions in Asia dropped to the lowest levels in 11 years in the first half of 2024, with little signs of a quick rebound amid declines in both announced and completed deals. M&A fees in Asia totalled $1.5 billion in the first six months, the lowest since 2013, LSEG… Continue reading Asia M&A fees drop to 11-year low amid slow-cooked deals

Indian markets regulator mulls relaxing some disclosure norms for listed firms

India’s markets regulator is considering easing certain disclosure norms for listed companies, ranging from related party transactions to large shareholders. The Securities and Exchange Board of India (SEBI) is also evaluating giving listed companies more time to publicly disclose litigations or disputes that they are involved in, it said in a consultation paper published on… Continue reading Indian markets regulator mulls relaxing some disclosure norms for listed firms

South Korea’s SK Bioscience to buy 60% stake in Germany’s IDT Biologika for $244m

SK Bioscience will acquire a 60% stake in German pharmaceutical contract manufacturing firm IDT Biologika GmbH from Klocke Gruppe in a deal worth 339 billion won ($243.75 million), the South Korean vaccine maker said on Thursday. Klocke, a pharmaceutical group, will retain a 40% stake in the firm. This is SK Bioscience’s first major M&A… Continue reading South Korea’s SK Bioscience to buy 60% stake in Germany’s IDT Biologika for $244m

LME may list Hong Kong as a global warehouse location

The London Metal Exchange (LME) is exploring the possibility of listing Hong Kong as an LME warehouse location, the chief executive of its owner said on Thursday, as the exchange looks to strengthen its global logistics footprint. Registering warehouses in China, the world’s largest consumer of industrial metals, to store metal traded on the LME… Continue reading LME may list Hong Kong as a global warehouse location

Australia’s Tamboran Resources raises $75m in US listingIts largest investor Sheffield Holdings invested $20 million in the listing.

Australia’s Tamboran Resources has priced its shares at $24 each to raise $75 million in its New York listing, according to the company’s filings on Thursday. The company sold 3.125 million shares in the deal that was priced at the bottom end of the $24 to $27 per share price range flagged when the deal… Continue reading Australia’s Tamboran Resources raises $75m in US listingIts largest investor Sheffield Holdings invested $20 million in the listing.