(Photo: Reuters)(Photo: Reuters)Royal Dutch Shell said on Wednesday it had agreed to buy BG Group, the British oil and gas firm, for 47 billion pounds (US $70 billion) in the first oil super-merger in a decade.
In a joint statement, the two oil and gas companies said that as part of the recommended deal Shell would pay 383 pence in cash and 0.4454 Shell B shares for each BG share. It said this represented a premium of around 52 per cent to the 90 trading day average.
The deal will result in BG shareholders owning around 19 per cent of the combined group firm.
(Reuters)
IDBI Bank disinvestment nears final approval stage, say government sources
Populist welfare schemes pushing state finances to a brink
India GCCs set to generate value at 11–12% CAGR between FY25-29: PwC India
Bank of India to raise funds via infra bonds, check stock reaction 
Missed the ITR deadline? I-T dept eases processing rules for delayed returns filed in select cases; check details
USIBC’s Atul Keshap On Strengthening The U.S.-India Business Ties Ahead Of Landmark Trade Deal
Market Momentum: Key Nifty Stocks At Record Highs. What Should Investors Do Now?
Shivraj Drives Tractor In Indore, Says ‘I’m A Farmer First, Not Just The Agriculture Minister
NSE To Launch Monthly Electricity Futures In Next 2-3 Weeks | NSE's Sriram Krishnan
McKinsey’s Asutosh Padhi: We’re Telling CEOs To Create A Long-Term Five-Year AI Plan
Endurance Technologies shares tank 5%; here's what analysts say
IPO-bound Groww sees 6x surge in its MF AUM since Indiabulls Acquisition
IPO-bound Groww's mutual fund AUM nears Rs 2,000 crore amid strong inflows
HDFC Bank shares cross Rs 2,000 mark for first time, hit record high 
Markets rally for 3rd day: Sensex soars 1,000 pts, Nifty near 25,550; investor wealth up Rs 3.4 lakh crore