Acquisition

PhysicsWallah raises Sarrthi IAS stake to 51%, takes majority control

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

Aurum Proptech acquires Housing.com for ₹458 cr, eyes AI integration

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

HCLTech to acquire Guardian India for $10.5 mn; 2k employees to transition

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

Aurum PropTech acquires Housing.com in all-equity deal to expand business

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 courting corporate clients for merger and acquisition financing

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

Bollore joins race to acquire Lionsgate Studios amid media consolidation

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

Sigma Advanced to acquire aerospace supplier Bromford for ₹153 crore

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

Hindustan Copper appoints advisers for proposed Chile mine acquisition: CMD

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

Atelier Expressions to acquire luxury handcrafted mithai brand Khoya

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 joins global banks to fund Sun Pharma's $11.75 billion Organon buy

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

Inspira Global completes acquisition of Burger King India operator RBA

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

Lockheed Martin to acquire Ultra Maritime in $3.45 billion deal

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

BLS E-Services acquires Atyati Technologies for ₹157 cr in an all-cash deal

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

M&A funding norms to intensify competition for private credit: Moody's

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

Rane (Madras) to buy Hindustan Composites' friction business for ₹370 crore

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

Persistent upbeat about its biggest M&A bet with €1 billion Nagarro deal

The IT services firm says its €1 billion Nagarro acquisition will strengthen its Europe business, with management confident on integration despite investor concerns

Icra to acquire remaining 40% stake in D2K Technologies for ₹32 crore

Rating agency Icra on Monday said it will acquire the remaining 40 per cent stake in D2K Technologies for Rs 32 crore. Pursuant to this, Icra Analytics will hold 100 per cent of the equity share capital of D2K Technologies on a fully diluted basis, Icra said in a regulatory filing. Icra Analytics is a wholly-owned subsidiary of Icra Ltd and provides services, solutions, analytics and digital platforms for risk management, mutual funds, fixed income, and knowledge services. Currently, Icra Analytics holds 60 per cent stake in the company, which is engaged in the business of providing banking and software services to banks, other financial institutions, and corporates, among others. Upon completion of the proposed acquisition, D2K Technologies will become a wholly-owned step-down subsidiary of Icra, it said. The acquisition is contingent upon the successful execution of the transaction by the depositories, it added.

Persistent crashes 9%, hits 52-week low; what's making Street nervous?

Persistent announced the acquisition of German digital engineering firm Nagarro SE through a voluntary public takeover offer at €81/share in cash, implying an EV of €1.27 billion.

Torrent acquires Nabha Power from L&T, completes ₹3,632 crore deal

Torrent Power on Thursday said that it has completed the acquisition of 100 per cent equity stake in Nabha Power Ltd (NPL) from L&T Power Development Ltd for Rs 3,632.35 crore. Earlier this year, the company informed the bourses regarding the execution of a Securities Purchase Agreement to acquire 100 per cent of the equity stake and convertible instruments of NPL and receipt of approval from the Competition Commission of India for the said acquisition. According to a regulatory filing, the company has completed the acquisition of 100 per cent equity shares and convertible instruments of NPL from L&T Power Development Ltd (L&T) at a total consideration of Rs 3,632.35 crore, consequent to closing adjustments. Torrent Power is engaged in the business of power generation, transmission, distribution and manufacturing and supply of power transmission cables, and is a part of 'Torrent Group,' which is into power, pharmaceuticals and gas distribution sectors. Nabha Power Ltd is a

EMA Partners India acquires RPO firm Taggd in ₹113 crore all-cash deal

The acquisition brings together executive search and recruitment process outsourcing capabilities, creating an integrated talent recruitment platform with global reach