Acquisition

Nazara raises ₹733.5 cr through preferential issue to fund acquisitions

Incoming CEO Raymond Stauffer will invest about ₹583 crore as Nazara strengthens its balance sheet to fund acquisitions, AI-led game development and business expansion

Saudi's PIF-led consortium completes $55 bn acquisition of gaming giant EA

Electronic Arts is now privately owned after a Saudi-led consortium completed its $55 billion acquisition, adding EA to the Public Investment Fund's portfolio of gaming and technology investments

Mumbai-based Mintoak acquires ICC Loyalty to deepen presence in West Asia

The acquisition gives the Mumbai-based fintech access to 34 UAE banks, expands its issuing-side capabilities and takes the combined business to over $30 million in annual revenue

ITC completes Century Pulp acquisition, expands paper business scale

The ₹3,500-crore acquisition makes ITC India's largest integrated paperboards and paper company, raising capacity by over 50% to around 1.5 million tonnes

ChrysCapital acquires Novartis India, appoints Vikas Gupta as CEO

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 Rajasthan Royals deal sparks shareholder feud in UK

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

Bain Capital to acquire UK vitamins maker Vitabiotics in $1.2 billion deal

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

PNB to foray into acquisition finance in third quarter: CEO Ashok Chandra

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

Samsung Biologics to acquire PolyPeptide in $1.8 billion deal

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

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