Acquisition

CCI clears Knowledge Realty's acquisition of Blackstone, Sattva entities

The Competition Commission of India on Tuesday approved IPO-bound Knowledge Realty Trust's acquisition of several entities affiliated with private equity major Blackstone and Bengaluru-based Sattva Group. Knowledge Realty Trust (KRT) is sponsored by real estate company Sattva Group and Blackstone. "The proposed combination comprises of direct and indirect acquisition by the Knowledge Realty Trust, acting through its manager, Knowledge Realty Office Management Services, formerly known as Trinity Office Management Services (acquirer REIT), of certain entities, some of which inter-alia belong to the Blackstone Group, some belonging to the Sattva Group and remaining held jointly controlled by Blackstone and Sattva Group," the regulator said in a release. Knowledge Realty Office Management Services is a Sebi-registered REIT engaged in the business of owning and/or operating a portfolio of rent or income-generating real estate assets and related income-generating assets. "Competition ...

DCM Shriram's arm Fenesta buys 53% stake in DNV Global for Rs 44 crore

DCM Shriram group firm Fenesta, which is into uPVC and aluminium windows and doors, has acquired 53 per cent equity stake in DNV Global for Rs 44 crore to expand its business. The deal is expected to be completed in next 2 months. The acquisition of DNV Global will help Fenesta in backward integration and opportunity to create new line of business (hardware). "This strategic investment marks a significant step in Fenesta's vision to enhance customer experience, deepen vertical integration, enhance product reliability, achieve accelerated growth in scale and unlock operational synergies across its supply chain," DCM Shriram said in a statement on Sunday. The total acquisition cost is Rs 44 crore, which includes Rs 31 crore by subscribing to fresh equity share capital of DNV Global and Rs 13 crore by purchase of equity shares from the existing promoters/shareholders. Saket Jain, Business Head, Fenesta Building Systems, said, "The acquisition ...is a natural extension of our long-ter

MX Player brings greater reach, retail ads after becoming Amazon product

At 250 million unique visitors a month, MX Player has for long been in the same bracket as YouTube (454 million) and Meta (324 million) in reach

Devyani International to acquire majority stake in 'Biryani by Kilo'

Devyani International Ltd, which operates quick service restaurant chains such as KFC, Pizza Hut, and Costa Coffee through franchise agreements, has announced its plan to acquire homegrown chain 'Biryani by Kilo'. The Jaipuria family-promoted Devyani International Ltd (DIL) will acquire a majority stake in Sky Gate Hospitality, which operates restaurants under the 'Biryani by Kilo' brand, along with other brands, according to a regulatory filing. Though it has not disclosed the number of shares or the acquisition price, the company stated that its board is scheduled to meet and approve the proposal on April 24. "We wish to inform you that a meeting of the Board of Directors of the Company is scheduled on Thursday, April 24, 2025 inter-alia, to consider and approve the definitive agreements and issuance of equity shares of the company on a preferential basis to discharge the consideration payable for acquisition of controlling equity stake in Sky Gate Hospitality Private Limited, ...

ITC to acquire '24 Mantra Organic' maker SNBPL for Rs 472.50 crore

The acquisition is expected to be completed in the first quarter of FY26

NIIT acquires Coimbatore-based deep skilling training provider iamneo

Under the agreement, NIIT will acquire the remaining 30 per cent shareholding in phases from iamneo's promoters in subsequent tranches over the next five years

Ujala Cygnus to acquire around 60% stake in Punjab hospital chain

Ujala Cygnus plans to expand further in northern India, to focus on super speciality units

Delhivery says Ecom Express overlap won't complicate integration or growth

Logistics firm Delhivery expects margin accretion of ₹300 crore over two quarters post-deal

JSW Energy finalises ₹12K cr acquisition of O2 Power's renewable platform

The deal, executed through its wholly owned subsidiary JSW Neo Energy, adds 4,696 megawatt (MW) of capacity spread across solar, wind, hybrid, and round-the-clock (RTC) renewable power

Metropolis Healthcare to acquire DAPIC for ₹35 crore in all-cash deal

Under the agreement, Metropolis' wholly-owned subsidiary Metropolis Histoxpert Digital Services Pvt Ltd will acquire 100 per cent ownership of DAPIC

Delhivery to acquire logistics rival firm Ecom Express for ₹1,407 crore

Upon completion of the acquisition, Ecom Express will become a subsidiary of Delhivery. The transaction is expected to be completed in six months

BirlaNu plans to invest up to Rs 1,300 cr in next 3 yrs, eyes acquisitions

CK Birla Group home and building material solutions firm BirlaNu Ltd plans to invest up to Rs 1,300 crore in the next three years as part of its strategy to double sales in 3-4 years time, according to top company officials. The company, which had recently renamed itself as BirlaNu Ltd from erstwhile HIL Ltd and undertaken a rebranding exercise, is also scouting for acquisition opportunities to fuel its growth, BirlaNu Ltd President Avanti Birla told PTI. "We are widening our positioning and going further, in a two-fold manner -- in our own products and we're also looking externally at diversifying, other products (and) potential acquisitions," she said when asked about the future roadmap. Asked if any acquisitions are being considered at the moment and how much war chest has been prepared, she said, "It is just part of our expansion...when it comes to the external market, there is no particular number as such right now but we are always looking for opportunities that come to us at

Tata AutoComp Systems to acquire 80% stake in Jaguar's Artifex Interior

Tata AutoComp Systems Ltd on Sunday said it will acquire 80 per cent stake in Artifex Interior Systems Ltd, a part of the Jaguar Land Rover group, for an undisclosed sum. On completion of this transaction, Artifex, with revenue of GBP 296 million (FY25), will join the TATA Autocomp (TACO) family, the company said in a statement. The company has purchased the majority shareholding from Jaguar Land Rover Ventures Ltd, a subsidiary within the Jaguar Land Rover Automotive Plc group, which is part of Tata Motors Ltd, it added. With this acquisition, TACO consolidates its position as one of India's largest automotive component manufacturers, strengthens its presence in Europe's automotive sector, and further establishes itself as an integral part of the supply chain for Jaguar Land Rover vehicles, the company said. "This acquisition aligns with our strategic vision of expanding our global footprint and strengthening our expertise in automotive interior systems," Tata AutoComp Systems Vic

Insurance sector sees record Rs 38,000 crore worth of deals in 2 weeks

The past fortnight saw a slew of big-ticket deals in the insurance sector, with the biggest of them being a Rs 24,180 crore acquisition by Bajaj Allianz

ONGC NTPC Green completes acquisition of Ayana for ₹6,248.5 crore

ONGC NTPC Green Pvt Ltd (ONGPL) has completed acquisition of 100 per cent equity stake in Ayana Renewable Power for Rs 6,248.50 crore. ONGPL is a 50:50 joint venture of NTPC Green Energy Ltd (NGEL) and ONGC Green Ltd. The acquisition was completed on March 27 for a cash consideration of Rs 6,248.50 crore at Rs 23.22 per share, NGEL said in an exchange filing. The Competition Commission of India had given its approval for the acquisition on March 11, 2025. NGEL contributed 50 per cent, that is Rs 3,124.25 crore to the total acquisition cost, it said. Through this acquisition, NGEL aims to expand its capacity in the renewable energy sector to meet its target of 60 GW renewable capacity by 2032. Ayana, a leading renewable energy platform, has capacity of approximately 4,112 MW (2,123 MW operational and 1,989 MW under-construction), strategically located across resource-rich states. Its portfolio is backed by high-credit-rated offtakers such as SECI, NTPC, Gujarat Urja Vikas Nigam L

GX Group acquires Ping Communication; eyes $50 million business in LATAM

Telecom gear maker GX Group has acquired Switzerland-based broadband and fiber solution provider Ping Communication to expand its presence in Europe, the Middle East and Latin America, the company said on Friday. GX Group, CEO, Paritosh Prajapati in a statement said the company will leverage its "Made in India" products to compliment existing portfolio of Ping Communication and thereby scale up the revenue to USD 50 million, about Rs 430 crore, in the next two years in Latin America (LATAM) region. The company, however, did not disclose the financial details of the transaction. "After six months, Ping Communication will become part of GX Group. The current revenue of Ping Communication is around USD 30 million. By complementing its portfolio with our 'Made in India' products we expect to scale up our revenue to USD 50 million by 2026," he said. Ping Communication is part of Norway's Heimgard Group. "This acquisition is a key milestone in our 'Make in India for the World' journey.

JSW Infra closes pipeline biz purchase from JSW Utkal Steel for Rs 1,617 cr

JSW Infrastructure on Wednesday said it has completed the acquisition of slurry pipeline business from JSW Utkal Steel Ltd for around Rs 1,617 crore. In an exchange filing, the company said it has also entered into a long-term 'take-or-pay' agreement with JSW Steel Ltd for the transportation of iron ore slurry from Nuagaon mines to Jagatsinghpur. Take-or-pay is a contract, where the buyer has the obligation to either take delivery of goods or pay a specific penalty in case they fail to honour the contract. "The company executed the Business Transfer Agreement on March 25, 2025 completing the acquisition of slurry pipeline business form JSW Utkal Steel Ltd for a consideration of Rs 1,617 crores (subject to closing adjustments)," it said. Part of Sajjan Jindal-owned JSW Group, JSW Infrastructure is the second-largest private port operator in India, with a cargo handling capacity of 170 MTPA. JSW Utkal Steel is an arm of JSW Steel which is also a JSW Group company into manufacturing

Reliance acquires Nauyaan Tradings, eyes majority stake in shipyard arm

With this acquisition, Nauyaan Tradings has become a step-down wholly owned subsidiary of Reliance Industries

CCI seeks comments on proposed Bharat Forge-AAM India Manufacturing deal

Fair trade watchdog CCI on Wednesday said it has sought public comments on Bharat Forge Ltd's proposed acquisition of AAM India Manufacturing Corporation Pvt Ltd after prima facie concluding that the transaction could adversely impact competition. In October last year, Bharat Forge sought the Competition Commission of India's (CCI) approval for the buyout of AAM India Manufacturing Corporation. Bharat Forge is a leading provider of forged components and solutions to various sectors while AAM India Manufacturing Corporation is into manufacturing and sale of axles for commercial vehicles in the country. "The Commission is of the prima facie opinion that the proposed combination is likely to have an appreciable adverse effect on competition and, accordingly, has directed the parties, in terms of Section 29(2) of the Competition Act, 2002, to publish details of the combination for bringing the combination to the knowledge or information of the public and persons affected or likely to be

LIC to announce acquisition in health insurance firm by Mar 31: CEO Mohanty

LIC MD & CEO Siddhartha Mohanty said a decision on acquiring stake is likely by March 31, but he didn't disclose the health insurer's name