Essar Steel Takeover by Arcelormittal

Essar Steel India Limited, a fully integrated flat carbon steel manufacturer based in Mumbai, which owned and operated a steel mill in Hazira, Surat district of Gujarat state

ArcelorMittal Nippon Steel India (AM/NS India) – a joint venture between ArcelorMittal and Nippon Steel.Deal to acquire Essar group.

Reason

After insolvency, Essar Steel India Limited was acquired by ArcelorMittal Nippon Steel India Limited.

Essar Steel shares have zero value. Company has cancelled all physical and demat shares. Investors have lost their entire amount invested in this company.

TAKEOVER OF TWITTER

Twitter is an online social networking and microblogging service that enables users to send and read "tweets".X, formerly Twitter (2006–2023), is an online social media platform and microblogging.Jack Dorsey, along with Noah Glass, Biz Stone, and Evan Williams, launched Twitter in 2006. Before Elon  according to a regulatory filing, institutional investors formerly held control over the platform, with the Vanguard Group holding the largest position (10.3%) at that time. Successor to Twitter, X Corp, is a wholly owned subsidiary of X Holdings Corp., which is owned by South African–born American entrepreneur Elon Musk. The CEO of electric-vehicle maker Tesla.

           Musk acquired Twitter for $44bn in October 2022 ( for $54.20 per share in cash in a transaction valued at approximately $44 billion). Renamed the platform X in July 2023.

Musk owns about 79% of Twitter. The company is valued at about $20 billion as of March 2023. In July 2023, Musk rebranded Twitter as X. Replacing the blue bird logo with the letter.

Upon completion of the transaction, Twitter will become a privately held company.The main three of Twitter's competitors in the Social Media category are Facebook with 15.47%, Instagram with 4.85%, HubSpot Marketing Hub with 1.47% market share.

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  SURYADAS K.S

  CM21

Google and Android acquisition

Google acquired Android on 2005 for an estimated amount of 50 million.Android was an unknown startup company during that time.This acquisition gave google tools to compete with microsoft and apple.This deal is considered as the most successful deal of google.This is because 47 percent of U.S smartphone owners use a google android device as of May 2020.

Nevertheless, it’s highly unlikely Google will ever get a better return on its investment than it had with Android. While the company will no doubt continue buying and investing in other companies, there’s really no getting around how big of a win that $50 million startup became.

In May 2021, Google revealed there were over 3 billion monthly active Android devices. Besides smartphones, Android is used in smartwatches, tablets, smart TVs, and more. Perhaps more importantly, the launch of Android helped Google become one of the biggest and most influential companies in the world.

It wasn’t smooth sailing the whole time for Android, though.

BEN AND JERRY'S TAKEOVER BY UNILEVER

BEN AND JERRY'S TAKEOVER BY UNILEVER

In the year 2000, a significant transaction sent ripples through the consumer goods industry as Unilever, the Dutch-British multinational giant, made headlines with its acquisition of Ben & Jerry's, the beloved American ice cream company. This landmark takeover marked the convergence of two seemingly disparate entities, each with its own unique brand identity and market appeal.

At the heart of this acquisition lay Unilever's strategic vision to bolster its presence in the premium ice cream market while tapping into the socially conscious consumer segment. Ben & Jerry's, founded in 1978 by childhood friends Ben Cohen and Jerry Greenfield, had cultivated a fiercely loyal following with its unconventional flavors, commitment to social responsibility, and quirky brand persona. From Chunky Monkey to Cherry Garcia, Ben & Jerry's had become synonymous with indulgence, innovation, and activism, carving out a niche in an industry dominated by behemoths.

Unilever's acquisition of Ben & Jerry's for a reported $326 million not only provided the company with a foothold in the lucrative premium ice cream segment but also granted access to Ben & Jerry's loyal customer base and its cherished brand ethos. Despite initial concerns about maintaining Ben & Jerry's distinctiveness under corporate ownership, Unilever pledged to preserve the brand's integrity, emphasizing its commitment to social responsibility and community engagement.

The acquisition of Ben & Jerry's by Unilever represented more than just a business transaction; it symbolized the convergence of corporate interests and social consciousness, underscoring the growing importance of ethical consumerism in the global marketplace. In the years following the takeover, Unilever's stewardship of Ben & Jerry's has been characterized by a delicate balance between preserving the brand's heritage and leveraging its potential for growth and innovation.

Today, Ben & Jerry's continues to churn out its signature euphoric flavors while championing causes ranging from climate change to social justice, all under the umbrella of Unilever's global portfolio. The takeover of Ben & Jerry's stands as a testament to the enduring power of brand authenticity and the symbiotic relationship between corporate giants and socially conscious consumers in shaping the future of business.

Kotak Mahindra's acquisition of Sonata Finance

Kotak Mahindra, on Friday, received approval from the Reserve Bank of India to acquire Sonata Finance for ₹537 crore, the company said in its filing on Friday.

The bank had announced to acquire 100% stake of the Non-Banking Finance Company, Sonata Finance Private Limited, in February this year. The acquisition received approval of the RBI on October 19, the company said in its stock filing. After the completion of the transaction, Sonata will become a ‘wholly-owned subsidiary of the Bank’.

The approval has come prior to the announcement of September quarter result by Kotak Mahindra. The bank is set to announce its Q2 results on October 21.

Earlier, Kotak Mahindra bought BSS Microfinance in an all-cash deal for ₹139 crore in September 2016. The acquisition had helped the company in gaining its stronghold in the southern part. 

However, Sonata Microfinance will help the company in expanding its presence in the northern states, Tapobrat Chaudhuri, President and Head of microfinance business of Kotak Mahindra Bank told moneycontrol.

The company reported a 50.62 per cent rise in its consolidated net profit at ₹4,150.19 crore in the first quarter of the current financial year. The sharp rise in its PAT was the result of increase in net interest income and improved asset quality. 

L&T’s Hostile Takeover of Mindtree

L&T’s Hostile Takeover of Mindtree

Co-promoters of Mindtree were forced to leave their company after twenty years of successful operation when L&T, a conglomerate, purchased it. V G Siddhartha was a passive investor in the company, but he had to sell his 20% share to pay off the significant debt from his main business. In their capacity as promoters 

When Mindtree was unable to secure the funds necessary to purchase his interest, he turned to L&T. which purchased his stock.Later, L&T bought a larger share of Mindtree from the public from FIs and the market.Ineffectively, the three co-promoters in top roles at Mindtree and another co-promoter, Subroto Bagchi, attempted to thwart the unwanted buyer. 

The co-promoters of Mindtree were forced to step down and deal with the unpleasant truth that L&T, the company's new owner, would now be seen as the promoter as they lacked the means to buy out the biggest individual shareholder and a majority interest in the business. The founding backers of Mindtree had founded and grown the business into a multinational provider of IT services.