Acquisition

The private equity firm has taken control of the BSE-listed drugmaker, appointed Vikas Gupta as CEO and plans to build a branded generics platform in India

Lakshmi Mittal's bid to acquire Rajasthan Royals has triggered a London lawsuit, with minority shareholders alleging they are being forced to sell shares for just £1

The private equity firm will back the 55-year-old company's global expansion, with its Asia team leading growth in India, the Middle East and China

Punjab National Bank (PNB) managing director and CEO Ashok Chandra has said that the bank would enter into acquisition finance in the third quarter of the current financial year as the RBI recently opened the window for lenders. Earlier this year, the Reserve Bank came out with final guidelines on acquisition finance by banks, increasing the lending limit to up to 75 per cent of the deal value from the 70 per cent proposed in the draft rules. "The acquisition finance market is a very, very big market and ample opportunities are there in the system. We have got our policy approved for the acquisition financing in the last board meeting," he told PTI in an interview. "We are looking for a good partner and then maybe from Q3 onwards, we will be initiating some work in the acquisition financing," he said. To begin with, he said, the bank would be starting acquisition finance with the domestic entities, and this will help the bank to diversify their asset portfolio. While permitting th

Shares of Samsung Biologics declined as much as 3.3% in Seoul on Monday. PolyPeptide shares jumped as much as 5.6%

Edtech firm completes the second tranche of its investment in Sarrthi IAS, taking majority control as it strengthens its presence in the civil services test-preparation market

Firm aiming to build India's first AI Native Realty Operating System

HCLTech on Thursday announced the acquisition of Guardian India Operations for USD 10.5 million (about Rs 101 crore), a deal that will see nearly 2,000 employees of the US-based firm transition to the tech giant under a seven-year partnership with Guardian Life Insurance. Under the agreement, HCLTech will acquire a 100 per cent stake in the entity, which serves as the technology and operations Global Capability Centre (GCC) for the American company. Guardian Life Insurance Company of America is a leading provider of insurance, retirement, wealth management and employee benefits solutions. "Nearly 2,000 employees (of Guardian India ) will integrate into HCLTech with the establishment of a dedicated Strategic Business Unit focused exclusively on supporting Guardian to drive technology innovation, engineering excellence, operational transformation and maturity across Guardian's products and services," HCLTech said in a regulatory filing. Karunakaran Azhisur, currently the Country Head

Realty firm Aurum PropTech Ltd on Thursday announced the acquisition of property classified platform Housing.com in an all-equity deal, as part of its strategy to expand business. Housing.com is owned by Australia's REA Group. In a regulatory filing, Mumbai-based Aurum PropTech said it has entered into a binding share acquisition agreement for 100 per cent stake in Housing.com in an all-equity transaction. Aurum PropTech will issue 1,97,93,309 equity shares (representing about 20.5 per cent of the enlarged share capital). Following the transaction, REA India's total shareholding in Aurum PropTech will increase to 24.9 per cent. At the current share price, Aurum's market capitalisation is nearly Rs 1,900 crore on the BSE. Earlier, Aurum PropTech had bought housing brokerage platform PropTiger from REA Group. The combination brings together Housing.com and Aurum -- the largest tech-enabled PropTech ecosystem -- into one integrated platform, spanning property discovery, transactions

Banks are pitching M&A financing to corporate clients after RBI's new norms, setting the stage for stronger competition with private credit funds

Lionsgate Studios is exploring a potential sale, with France's Bollore Group and Banijay among companies weighing takeover bids amid media consolidation

The deal strengthens the company's aerospace manufacturing footprint and expands its presence in the Rolls-Royce supply chain

The state-run miner has appointed transaction advisers for its proposed acquisition of four copper mines in Chile, with due diligence under way amid regulatory processes

TVS Venu Group's premium lifestyle platform will acquire a majority stake in Khoya, strengthening its portfolio of artisanal brands rooted in heritage and craftsmanship

SBI is the only domestic bank to participate in the loan syndication

Acquisition follows completion of the open offer and regulatory approvals; Inspira Global acquires 41.78 per cent stake, with shareholding set to rise to 48.04 per cent

The acquisition of Advent-owned Ultra Maritime will bolster Lockheed Martin's capabilities in anti-submarine warfare and undersea defence technologies

BLS E-Services on Friday announced the acquisition of a 100 per cent stake in Atyati Technologies, a Bengaluru-based AI-powered banking technology company, for about Rs 157 crore in an all-cash transaction. BLS E-Services, a subsidiary of BLS International, provides business correspondent (BC/rural banking outlets) services, loan distribution, and e-governance services, among others. Atyati is a financial inclusion and banking technology platform that enables banks through AI-driven digital solutions, business correspondent services, micro-lending platforms, and last-mile banking infrastructure. It serves more than 35 banks and financial institutions through a network of over 25,900 Customer Service Points (CSPs) covering about 1 lakh villages across India. "This strategic fit enables us to further expand our reach and deepen our impact across underserved communities," said Shikhar Aggarwal, Chairman, BLS E-Services. This acquisition is expected to unlock significant synergies for

Moody's says RBI's acquisition financing norms could intensify competition from banks, putting pressure on private credit deal volumes and yields

Acquisition of the COMPO brand and friction business will create a market-leading friction materials business with revenue of over Rs 1,000 crore across key automotive segments