Page 10 - Acquisition

Nykaa acquires majority stake in clean beauty brand Earth Rhythm

Nykaa had previously acquired a minority stake in the company in 2022 through a combination of primary and secondary transactions

Why FSN E-Commerce Ventures, parent of Nykaa, shares gain 4% in trade?

The company's board approved further investments in ERPL through primary and secondary rounds, in one or more tranches, resulting in ERPL becoming a subsidiary of Nykaa

Exide Ind gains 4% on investing over Rs 99 crore in Exide Energy Solutions

With this investment, the total investment made by Exide Industries in its arm stands at Rs 3,052.24 crore

Japan's top chip distributor Macnica eyes acquisitions in India, China

Yokohama-based company, which often draws comparisons with factory automation provider Keyence Corp., may also conduct acquisitions to expand into other arenas, such as cybersecurity

NLC India gains 4% on plans to invest up to Rs 3,720 cr in renewable arm

NLC India said that its board has given a nod to invest up to Rs 3,720 crore, in one or more tranches for the various renewable projects

Blackstone strikes $8 bn deal for sandwich chain Jersey Mike's Subs

Jersey Mike's Sub, a fast casual sub sandwich franchise, operates over 2,800 locations

MakeMyTrip inks deal with Cred to acquire Happay Expense Platform

Happay's team will continue to serve its existing clients and collaborate with MakeMyTrip's corporate travel services team to offer enhanced solutions

India's Apollo Radiology acquires reporting wing of UK's InHealth Group

This acquisition strengthens ARI's commitment to addressing the critical shortage of radiologists globally and enhancing access to quality diagnostic services in the UK

Agro Tech Foods buys Bharti group's Del Monte Foods in Rs 1,300 cr deal

The acquisition, valued at Rs 1,300 crore, will be completed within nine months

Wilson & Hughes PE acquires travel firm Cox & Kings assets, brands

The acquisition, completed through the PE firm's Indian subsidiary, includes only Cox & Kings brand and assets, excluding any responsibility for financial, legal issues tied to past operations

Unicommerce announces acquiring e-commerce technology platform Shipway

Unicommerce will buy 42.76% in Shipway for a cash consideration of Rs 68.4 cr and rest of the stake later

L&T Technology Services acquires US-based Intelliswift for $110 million

The acquisition, according to the firm, will deepen its offerings across software product development, platform engineering, digital integration, data, and artificial intelligence (AI)

House of Abhinandan Lodha buys over 352 acres in key cities for Rs 3,000 cr

The acquisitions are said to be part of the company's national expansion plans

Macrotech acquires Bain Capital's stake in 3 entities for Rs 307 crore

Realty firm Macrotech Developers has acquired Bain Capital's stake in three industrial and logistics park entities for Rs 307 crore as part of a strategy to enhance rental income. Macrotech Developers is one of the leading real estate firms in the country. It sells properties under Lodha brand. In a regulatory filing on Thursday, the company informed that it has "executed Securities Purchase Agreements (SPAs) with India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1 (Bain Capital) for acquisition of their interest in the digital infrastructure platform entities (Bellissimo Digital Infrastructure Development Management Pvt Ltd, Palava Induslogic 4 Pvt Ltd and Bellissimo In City FC Mumbai 1 Pvt Ltd), in entirety at a consideration of Rs 307 crore". Bain Capital had a 30 per cent stake in Bellissimo Digital Infrastructure Development Management Pvt Ltd and a 33.33 per cent stake each in the other two entities. This is in line with the company's objective of gradual

Blackstone in talks to acquire shopping center owner Retail Opportunity

Blackstone is likely to prevail in the auction for ROIC that has also attracted interest from other private equity firms, including Bain Capital, the sources said

Zydus Wellness shares soar 3% on acquiring Naturell (India) for Rs 390 cr

The rise in the share price came after the company announced that it has acquired 100 per cent stake in Naturell (India) Private Limited (NIPL), including its wholly owned subsidiary, for Rs 390 crore

Zydus Wellness board approves acquisition of Naturell India for Rs 390 cr

Zydus Wellness on Wednesday said its board has approved the acquisition of Naturell (India), a maker of healthy snacks such as nutrition bars and protein chips, for Rs 390 crore. The company's board has approved entering into the share purchase agreement with the promoters and other shareholders of Naturell (India) Pvt Ltd to acquire 1,50,78,605 equity shares of Re 1 each, representing 100 per cent of the paid-up share capital, at a consideration of Rs 390 crore, it said in a regulatory filing. "We believe that this acquisition is an opportunity to expand our portfolio by investing in brands and products that resonates with our company's portfolio and today's health-conscious consumers," Zydus Wellness Chairman Sharvil Patel said. The acquisition represents a strategic addition to Zydus Wellness, perfectly aligning with the company's aspirations to expand within the consumer wellness space, he added. Vijay Uttarwar, founder of Naturell (India) said Zydus has a proven track record o

ArcelorMittal SA rejects 19 bn rand buyout offer of Networth Investments

ArcelorMittal South Africa (AMSA) has rejected a 19-billion rand buyout offer by local firm Networth Investments. Networth had planned to transform the country's struggling steel industry with green technology and more profitable stainless-steel production based on models in India. Networth CEO Harold Vermaak told the daily Business Report that his company had put in an offer to buy out ArcelorMittal Group's 60 per cent shareholding in AMSA, and around 2 per cent of AMSA's shares held by other foreign investors, in a leveraged buyout. However, a spokesperson of ArcelorMittal told the daily, "the correspondence (it had received from Networth Investments) does not reflect a firm or a bona fide offer. There is, therefore, no offer to be considered". Vermaak said that the strategy was to convert AMSA over time so that it ceases to produce low-value-priced products, and rather produces higher value products such as stainless steel. He said he had planned to fund the proposed capital ..

Thermax signs pact to acquire Buildtech Products India for Rs 72 crore

Thermax on Friday said it has inked a pact to acquire critical construction chemicals maker Buildtech Products India for about Rs 72 crore. This partnership solidifies Thermax's presence in the construction chemicals sector, the energy and environment solutions firm said in a statement. According to the statement, the company has signed an agreement to acquire a 100 per cent stake in Buildtech Products India Pvt Ltd for approximately Rs 72 crore, subject to various transaction adjustments. Established in 1995, Buildtech Products India manufactures admixtures, accelerators and capsules used in tunnels, infrastructure and railway projects. The Indian construction chemicals market is worth USD 3.76 billion and is expected to reach USD 5.17 billion by 2030 with a CAGR (compound annual growth rate) of 5.64 per cent, it stated. The acquisition of Buildtech will be completed in due course. "Chemicals has been a key area of investment for Thermax. Buildtech's products have created a nich

Acquisition of railway biz of Escorts Kubota, healthy Q2 lift Sona BLW 11%

The surge in Sona BLW share price came on the back of acquisition of the railway business division of Escorts Kubota Limited (EKL), coupled with a healthy Q2FY25 results