Acquisition

ixigo to acquire 54.66% stake in Brevistay for ₹65.69 crore to boost hotels

Travel platform ixigo will acquire a 54.66 per cent stake in Brevistay for Rs 65.69 crore, expanding its hotel network and strengthening its accommodation business

Wipro raises stake in insurance tech firm Aggne to 80% for $28.5 million

The additional investment in the insurance technology firm is expected to strengthen Wipro's AI- and IP-led transformation capabilities in the property and casualty segment

Emirates NBD launches open offer to acquire 26% stake in target company

Emirates NBD launches Rs 11,735 crore open offer to acquire up to 26 per cent stake in RBL Bank after securing regulatory approvals

CCI okays Blackstone, investors' stake acquisition offer in Neysa Networks

Fair trade regulator CCI on Wednesday approved a proposal of Blackstone-backed PE funds and other investors to acquire a stake in AI acceleration cloud provider Neysa Networks. The development came after Neysa, in February this year, announced that private equity funds affiliated with Blackstone and co-investors have entered into definitive agreements to invest in the company, enabling a USD 1.2 billion capital raise. The Competition Commission of India (CCI) said it has cleared the proposed deal. "CCI approves the acquisition of certain shareholding in Neysa Networks Private Limited by BCP Asia II Topco V Pte. Ltd, Asia II Topco XIV Pte. Ltd, and other investors," the competition watchdog said in a post on X. Other equity investors in the transaction include Teachers' Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Ventures. Blackstone is the world's largest alternative asset manager with USD 1.3 trillion in assets under management, including global investment strategies .

James Murdoch to buy half of Vox Media in deal exceeding $300 million

James Murdoch expands his US media footprint with a major stake in Vox Media and its podcast network

Emirates NBD gets approvals for majority stake acquisition in RBL Bank

Emirates NBD has secured all approvals for its proposed majority stake acquisition in RBL Bank, marking one of India's largest cross-border banking deals

Zydus to acquire Assertio in ₹1,570 crore deal to expand US business

Acquisition gives Zydus a branded-drugs commercial platform in the US and strengthens its specialty pharmaceutical presence in pain and oncology therapies

Netradyne acquires Moove to expand AI fleet safety business in Europe

The deal adds local operations and customers as SoftBank-backed Netradyne expands its AI-powered fleet safety business and strengthens its presence across key European markets

GameStop's $56 billion eBay bid stokes investor doubts as shares lag offer

GameStop's $56 billion bid for eBay raises funding and strategy concerns, with markets doubting the deal despite potential to reshape the collectibles e-commerce space

Sun Pharma exploring Eurobonds, bond swaps to fund US-based Organon buy

According to bankers, the Indian pharma major plans to raise around $10 billion from various sources, while the remaining will be funded through internal accruals

India Inc's big foreign acquisitions yield no more than tepid returns

In eight of 10 occasions, the share prices of firms that spent billions buying marquee assets have underperformed the broader market after acquisition

Scale and efficiency: Organon's acquisition will benefit Sun Pharma

Organon's portfolio includes over 70 products across women's health and biosimilars

Sun Pharma rallies 6%, top gainer among Sensex stocks; here's why

Sun Pharma to acquire all outstanding shares of Organon for $14.00 per share in an all cash transaction with an enterprise valuation of $11.75 billion.

Sun Pharma to acquire US drugmaker Organon in $11.75 billion all-cash deal

April 26 (Reuters) - India's Sun Pharmaceutical Industries ​will uy Organon & ​Co in an all-cash ‌deal, valuing the U.S. drugmaker at about $11.75 billion including ebt, the companies said on Sunday.

Mphasis acquires TAP Business Intelligence for ₹68 crore to boost AI push

Through this acquisition, Mphasis and TAP will combine elements required to drive enterprise business outcomes using AI at scale

360 ONE Asset acquires 13% stake in Bengaluru office asset for ₹1,125 cr

360 ONE Asset has acquired a 13 per cent stake in Brookfield's Ecoworld office campus in Bengaluru for Rs 1,125 crore, marking a private entry into a yield-generating asset

Rubicon Research sharpens India play with focus on CNS: CEO Parag Sancheti

Currently, more than 95 per cent of Rubicon's revenue comes from the United States (US), where the company has built a generics and specialty portfolio

PhysicsWallah set to acquire stake in test-prep platform Rojgar With Ankit

While the financial details are not known, according to sources the transaction is likely to be valued at around Rs 300-400 crore

Japan's MUFG Bank acquires 20% stake in Shriram Finance for ₹39,618 cr

Japan's MUFG Bank on Wednesday acquired 20 per cent stake in Shriram Finance Ltd (SFL) for Rs 39,618 crore. The transaction represents the largest cross-border investment in India's financial services sector. "This follows the approval by SFL's Board of Directors, at its meeting held today, of the allotment of equity shares to MUFG Bank through a preferential issue," SFL said in a statement. MUFG Bank has subscribed to 471,121,055 equity shares at an issue price of Rs 840.93 per share, with the total investment amounting to approximately Rs 39,618 crore, it said. The investment has been undertaken after obtaining all requisite regulatory and statutory approvals, including approval from the Competition Commission of India. Upon completion of the allotment, MUFG Bank will hold a 20 per cent equity stake in SFL on a fully diluted basis, it said. It further strengthens MUFG's presence in India and enables SFL to leverage MUFG's global expertise and capabilities to accelerate its long

Nexus Select Trust to acquire Kolkata's Diamond Plaza mall for ₹347.5 cr

Acquisition of Diamond Plaza in Kolkata will help Nexus Select Trust expand its footprint in eastern India and strengthen its retail portfolio