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Dear Reader,

Welcome to the Aurum Deal Compass - our monthly newsletter; with incisive, insightful and deep-dived perspectives on the deal segment in India.

This month, our newsletter is focused on the Telecom sector in India. (To know the sectors that we operate in, please click here.)

We hope you enjoy this newsletter. Contact us for any questions, or feedback.


The Aurum Team
Deal of the Month 

Idea Cellular announced merger with Vodafone India and its wholly owned subsidiary Vodafone India Mobile Services, to create the country’s largest telecom operator with over 400 million subscribers and nearly 41% revenue market share. 

The Transaction

The transaction does not include Vodafone’s 42% stake In Indus Towers. Idea and Vodafone will each hold equal stakes in the merged entity. The shareholding structure will be achieved in the following manner :

Vodafone will sell 4.9% at a price of INR 110 per share to Idea’s promoter – the Aditya Birla Group (ABG) – to reach 45.1% stake while enabling ABG to reach the critical 26% stake threshold. The other 28.9% shareholding will be held by non-promoter shareholders of Idea.

Click here to learn more about this deal 

Disclaimer: Aurum Equity Partners LLP was not a part of this deal in any way. 


The Indian Defence Offset Program - Challenges & Opportunities Webinar was held in December 2016.
Below are the links to re-watch and review the webinar on:

Indian Tractor market on the road to recovery

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FDI and the ‘Make in India’ initiative – what do these mean for the defense sector

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Two extremely significant economic initiatives by the Modi government are expected to have a widespread impact on India on a generic level, and the defense sector on a specific level. India as many of us might be aware, has the third largest defense force in the world. Our defense budget for 2016-17 is INR 2,491 bn (which is 1.65% of the GDP in 2016-2017). Hence, the two initiatives that are expected to become drivers of the economic growth, are essentially focused on addressing these aspects.

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Blockchain: Enticing beyond the Bitcoin realm

by Arvind Yadav

Blockchain technology has emerged as one of the most exciting and one of the most talked about innovations in recent past. While the technology is not very commonly employed on a mass scale right now, the hype around it has gone into overdrive. The technology is near the peak of Gartner’s Hype Cycle for Emerging Technologies, despite the analyst suggesting it is still five to 10 years from mainstream adoption. Experts from multiple fields are already that suggesting blockchain will have a huge impact on business operations and information security techniques.

Read more
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