acquisition

New Delhi, March 31 Consumer electronics retailer Sathya Agencies Ltd has filed preliminary papers with the market regulator, Sebi, to raise ₹600 crore through an initial public offering (IPO).The proposed IPO comprises a fresh issue of equity shares worth ₹300 crore and an offer for sale...

New Delhi, March 30 CORONA Remedies Ltd announced on Monday the acquisition of the Wokadine brand in India from Dr Reddy's Laboratories Ltd for an undisclosed sum.The acquisition of Wokadine, which ranks number two in the 'Povidone Iodine' market in India, reinforces CORONA's commitment to...

New Delhi, March 30 Gaming and sports media firm Nazara Technologies announced on Monday that its board has approved a proposal to raise ₹500 crore through a preferential issue of warrants.The funds raised through this instrument will primarily support strategic acquisitions, including the...

Mumbai, March 29 CMS Info Systems announced on Sunday the acquisition of Financial Software and Systems' (FSS) managed services business for ₹115 crore to strengthen its position in the end-to-end ATM management space.The transaction involves the transfer of operating assets and the novation...

New Delhi, March 26 Infosys has announced plans to acquire healthcare digital transformation company Optimum Healthcare IT and insurance consulting technology company, Stratus, for a total amount of approximately ₹5,260 crore.Infosys will acquire Optimum Healthcare IT for up to USD 465...

New Delhi, March 25 Domestic technology firm HFCL Limited has consolidated its defence business under a new entity, HASPL, which will commence operations with a total order book of ₹1,680 crore, the company said on Wednesday.The company also announced its foray into aeronautics manufacturing...

Mumbai, March 25 Sula Vineyards, a wine producer, announced on Wednesday the acquisition of Chandon's wine production facility and estate in Dindori, Nashik, for ₹20 crore, which will help expand its wine tourism footprint.Sula Vineyards is pleased to announce that it has signed a definitive...

New Delhi, March 25 The Reserve Bank has approved the proposed acquisition of a controlling stake in Sammaan Capital Ltd by a subsidiary of Abu Dhabi-based International Holding Company.The acquisition by Avenir Investment RSC Ltd also includes the indirect change in control of the...

New Delhi, March 23 FMCG contract manufacturer Hindustan Foods Ltd announced on Monday the acquisition of the ayurvedic, herbal beauty care and cosmetic products facility of Ultra Beauty Care Pvt Ltd in Maharashtra for ₹19.9 crore.The company has executed a Business Transfer Agreement (BTA)...

New Delhi, March 23 Euro Pratik Sales, a leading player in decorative wall panels and interior solutions, announced on Monday that it has acquired a 51% stake in Chawla Brothers for ₹33.2 crore.The acquisition of Chawla Brothers, a well-established decorative surfaces business in North India...

New Delhi, March 18 Bain Capital has received approval from the RBI for joint management control of Manappuram Finance and its subsidiaries following the acquisition of a stake in the gold loan firm.Following the proposed acquisition of up to 41.66 per cent stake in Manappuram Finance, its...

New Delhi, March 18 Diversified gaming and sports media firm Nazara Technologies said on Wednesday that its UK-based subsidiary will acquire a 50 per cent controlling stake in Spanish social gaming platforms Bluetile Games and BestPlay Systems for USD 100.3 million (about Rs 918 crore).Of the...

New Delhi, March 17 The Tata Steel board approved on Tuesday the merger of NINL with the company and an investment of USD 2 billion in its wholly-owned subsidiary, T Steel Holdings Pte.The board also approved the acquisition of a stake in Medica TS Hospital Private Limited (Medica TS Hospital)...

New Delhi, March 17 The National Company Law Tribunal (NCLT) approved Adani Enterprises Ltd.'s ₹14,535 crore bid to acquire Jaiprakash Associates Ltd. through the insolvency process on Tuesday.In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that the NCLT, Allahabad bench, has...

New Delhi, March 16 UpGrad, a major edtech company led by Ronnie Screwvala, is set to acquire Unacademy in a deal involving a 100 per cent share swap, all-stock transaction.Under the agreement, Unacademy co-founder Gaurav Munjal will continue to lead the company as CEO, focusing on online...

New Delhi, March 12 Eight Continents Hotels & Resorts announced on Thursday that it has secured USD 7 million (approximately INR 64.49 crore) in its first funding round from Ionware Inc, a Singapore-based investment holding company.The capital will be used to support international...

New Delhi, March 5 American beauty major Estee Lauder announced on Thursday the acquisition of its remaining stake in the Ayurveda-based beauty brand Forest Essentials, without disclosing the transaction value.After 18 years of making its initial investment, Estee Lauder Companies has now...

New Delhi, March 5 Business process management firm 1Point1 Solutions announced on Thursday that it has completed the acquisition of Costa Rica-based peer Netcom Business Contact Center SA for USD 33.37 million.The acquisition marks a strategic entry of 1Point1 Solutions into the central and...

New Delhi, February 18 Asgard Alcobev, formerly known as Banganga Paper Industries, has completed the acquisition of CMJ Breweries, a leading contract brewing facility in Northeast India.The company has acquired a 78.9 per cent stake in the equity share capital of CMJ Breweries pursuant to a...

New Delhi, February 17 The Fair Trade Regulator, CCI, has approved the acquisition of the portfolio management services business of Axis Securities Ltd by Axis Asset Management Company Ltd."The proposed combination involves the acquisition of the portfolio management services business of Axis...