Page 2 - Acquisition

Xoriant buys quality engineering firm TestDevLab to expand its presence

The deal, value of which is not disclosed, is Xoriant's fourth acquisition in the last three years, which include Fexle Services and MapleLabs last year and Thoucentric in 2023

Eris Lifesciences to acquire 30% stake in Swiss Parenterals for ₹423 cr

Eris Lifesciences will purchase the final 30% stake in Swiss Parenterals through a Rs 423-crore share swap, aiming for full consolidation, greater cost efficiency and strengthened strategic control

Eris Lifesciences to acquire balance 30% stake in Swiss Parenterals

Eris Lifesciences on Tuesday said its board has approved the acquisition of the remaining 30 pc stake in its subsidiary Swiss Parenterals. The proposed transaction will be effected as a share swap, through a preferential issuance of the company's shares to seller Naishadh Shah, thereby making him a shareholder and an integral part of the company's senior management team with long-term alignment, the Mumbai-based firm said in a statement. "On behalf of the shareholders of Eris, I am delighted to welcome Naishadh Shah to the community of Erisians. I am also happy to share that we propose to designate him as the Managing Director of Swiss Parenterals," Eris Lifesciences Chairman and Managing Director Amit Bakshi said. FY27 promises to be a breakout year for the company's international business, and Naishadh's continued leadership and stewardship will be pivotal to its growth, he added. Shares of Eris Lifesciences were trading 0.99 per cent down at Rs 1,665.20 apiece on the BSE.

Pulse secures 100 mn euros funding from Castlelake to expand SME lending

The deal follows Pulse's acquisition of Nucleus and supports new AI-driven credit products aimed at faster, smarter lending

Adani group wins lenders' vote to take over Jaiprakash Associates

Adani group has won majority lenders' vote for take over of debt-laden Jaiprakash Associates as its Rs 14,535-crore acquisition proposal included a higher upfront payment than rival bidders, sources said. A Committee of Creditors voted on resolution plans (acquisition proposals) submitted by suitors including Adani Group, Vedanta Ltd and Dalmia Cement (Bharat). Adani got the maximum 89 per cent votes from creditors, followed by Dalmia Cement (Bharat) and Vedanta Group, they added. The National Asset Reconstruction Company Ltd (NARCL) had the biggest say in the process as it controls about 86 per cent of the Committee of Creditors' (CoC) voting share. A small group of lenders, including State Bank of India and ICICI Bank - who together account for less than 3 per cent of CoC's votes - abstained from voting. Sources said lenders preferred Adani's plan primarily because it offered a significantly higher upfront payment compared to competing proposals. The ports-to-energy conglomerate

Sellwin Traders to buy 36% of Kumkum wellness in preferential share swap

Sellwin Traders on Monday said it has signed a memorandum of understanding to acquire a 36 per cent stake in Kumkum Wellness in a share swap deal. Under this agreement, Sellwin Traders plans to acquire an initial 36 per cent equity stake in KWPL (Kumkum Wellness Pvt Ltd), with an option to increase its holding up to 60 per cent within the next 18 months, Sellwin Traders said in a statement, adding that this phased acquisition underscores Sellwin Traders's confidence in KWPL's business model and long-term growth potential. Under the share swap deal, Sellwin will issue its equity shares on a preferential basis to KWPL and its shareholders at Rs 15 per equity share, it said. The MoU also sets a clear roadmap within which the parties aim to formalise definitive agreements by 31 December 2025. Monil Vora, Director, Sellwin Traders Limited, said, "We are excited to embark on transformative global partnerships, reaffirming our growth-centric vision". Vora added that the phased acquisitio

IHCL to acquire 51% stake in wellness brand Atmantan for ₹240 crore

The transaction will entail a primary investment of Rs 205 crore and a secondary share purchase of Rs 35 crore

BirlaNu acquires Clean Coats for ₹120 crore to strengthen portfolio

BirlaNu, part of the CKA Birla Group, has acquired Clean Coats for Rs 120 crore as part of a Rs 1,300-crore growth plan to strengthen its presence in the construction chemicals business

Netflix exploring bid for Warner Bros Discovery studio, streaming business

Owning Warner Bros' studio business would give Netflix control over some of Hollywood's most successful stories and characters, including the Harry Potter and DC Comics franchises

RBI denies approval for Dia Vikas Capital's 5% stake purchase in ESAF SFB

The central bank has refused approval for Dia Vikas Capital's proposed 5% stake purchase, prompting ESAF SFB's board to review its promoter scheme and next steps

Novartis nears deal to acquire Avidity Biosciences for over $70 per share

Avidity rose 1.2% to close at $49.15 in New York trading Friday, giving the company a market value of about $6.8 billion

Bajaj Auto unit gets regulatory nod in Austria to control Pierer Mobility

Bajaj Auto on Friday said the Austrian Takeover Commission has approved its subsidiary's acquisition of Pierer Mobility AG, the holding company of KTM AG. The commission ruled that Bajaj Auto International Holdings BV (BAIH), a wholly-owned subsidiary of the Pune-based firm, is under no obligation to make a mandatory takeover bid to the shareholders of the Pierer Mobility AG. Bajaj Auto through Bajaj Auto BV holds a 49.9 per cent stake in its associate - - Pierer Bajaj AG (PBAG) in Austria. The remaining controlling stake in PBAG is held by Pierer Industrie AG. PBAG holds a nearly 75 per cent stake in its subsidiary, Pierer Mobility AG (PMAG). "We hereby inform that the Austrian Takeover Commission on 23rd October 2025 has confirmed the restructuring privilege for the acquisition of control by Bajaj Auto International Holdings B.V. with no obligation to make a mandatory takeover bid to the shareholders of PIERER Mobility AG," Bajaj Auto said in a regulatory filing. Besides Austrian

Choice International adds ₹635 cr AUM through strategic acquisitions

Financial services firm Choice International Ltd has strengthened its wealth management business with a series of acquisitions by adding Rs 635 crore in assets under management. The company, through its subsidiaries, has entered into definitive agreements to acquire the distribution business of the Fintoo Group, which includes wealth, insurance, alternative investment funds, and portfolio management services operated under Mihika Financial Services and Mihika Insurance Marketing Firm LLP, the company said in a statement on Thursday. This acquisition will bring in about Rs 300 crore assets under management (AUM). In addition, Choice has acquired Pune-based Glory Prime Wealth managing Rs 210 crore in AUM. The company has also formed a strategic business association with four mutual fund distributors in Himachal Pradesh, contributing Rs 125 crore in AUM, it added. "This investment aligns perfectly with our strategy of expanding Choice's presence across the wealth and investment ...

CCI clears Torrent Pharma's proposal to buy stake in JB Chemicals

Fair trade regulator CCI on Tuesday cleared Torrent Pharmaceuticals Ltd's proposed acquisition of a stake in JB Chemicals and Pharmaceuticals, subject to voluntary modifications offered by the companies. The development came after Torrent Pharmaceuticals in June this year announced the acquisition of a majority stake in JB Chemicals and Pharmaceuticals in a Rs 19,500-crore deal. "The proposed combination relates to the acquisition of shareholding by Torrent Pharmaceuticals Ltd (acquirer) in JB Chemicals & Pharmaceuticals Ltd (target) and the subsequent amalgamation of the target with the acquirer," the regulator said in a release. After the completion of the deal, Torrent Pharmaceuticals will become India's second most valued pharma company. "The Commission approved the proposed combination subject to compliance with voluntary modifications offered by the parties (Torrent Pharmaceuticals Ltd and JB Chemicals & Pharmaceuticals Ltd)," it added. Torrent Pharmaceuticals is the ...

RBL Bank's ₹26,853 crore deal with Emirates NBD marks record FDI in banking

The deal is the largest by a Middle Eastern bank in India, and comes months after Japan's Sumitomo Mitsui Banking Corporation's move to buy up to 25% of Yes Bank

LT Foods to acquire Hungary's Global Green Europe for €25 million deal

Home-grown FMCG firm LT Foods on Tuesday said it has agreed to acquire a 100 per cent stake in Hungary-based Global Green Europe Kft for approximately 25 million euros (about Rs 256 crore) to expand its presence in the European packaged food market. LT Foods owns basmati rice brands -- Daawat and Royal. It will pay 6 million euros upfront for the equity stake, with 1.8 million euros payable over two years through an earn-out mechanism, the company said in a regulatory filing. It will also assume the target's debt. The transaction includes the acquisition of Global Green International (UK) Limited and Greenhouse Agrar Kft, which serve as support and distribution entities. The deal, subject to foreign direct investment approval in Hungary, will be executed through LT Foods Europe Holdings Ltd, a wholly-owned subsidiary. The transaction, which will be executed through LT Foods Europe Holdings, a wholly-owned step-down subsidiary of Delhi-based firm, is in line with the long-term stra

PayPay buys 40% stake in Binance Japan to deepen its digital payments push

PayPay has played a role in encouraging Japanese consumers to move away from a long-standing preference for cash by offering rebates on payments through its mobile app

TCS to acquire US firm ListEngage for $72.8 mn to boost Salesforce ops

The $72.8 million buyout expands TCS' Salesforce and AI capabilities in the US, adding 100 specialists and strengthening its enterprise solutions unit

Banks like SBI well versed to handle acquisition financing: C S Setty

Days after the Reserve Bank's decision to allow banks to allow acquisition financing, SBI chairman C S Setty on Wednesday said entities like the country's largest lender are "well versed" to handle the upcoming line of business. He said the shift to an expected credit loss (ECL) based system of asset provisioning will not impact the balance sheets of banks, given the extended transition period given by the central bank. "We have been doing outbound merger and acquisition financing for Indian corporates acquiring overseas entities. I think banks like SBI are well versed in acquisition financing," Setty told reporters on the sidelines of the annual Global Fintech Fest (GFF) here. It is worth noting that the Reserve Bank had announced a decision to allow banks to engage in acquisition financing, following a public request made by Setty itself a few weeks ago. On the ECL, where the central bank announced the final guidelines on Tuesday, the SBI chairman said the country's largest lende

Omkara ARC acquires Wind World India's debt with ₹1,225-cr offer

Omkara Asset Reconstruction Company on Friday said it has bagged Rs 3,763 crore debt of the bankrupt Wind World India with a Rs 1,225-crore bid. The Areion Group ARC said it has acquired the debt from the National Asset Reconstruction Company Ltd (NARCL), the state-run bad bank, under the Swiss challenge method, as per a statement. The win will make the ARC as the lead decision maker in Wind World India's ongoing Corporate Insolvency Resolution Process (CIRP) as it has secured an 80 per cent voting share in the Committee of Creditors (CoC) with the Rs 1,225-crore investment. WWIL, which was formerly known as Enercon India, operates 650 MW of renewable energy projects and manages the operations and maintenance for 4,500 MW of installed capacity across Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Rajasthan, Tamil Nadu, and Madhya Pradesh, as per the statement. The Rs 3,763-crore debt was originally assigned to NARCL by a consortium of leading lenders nearly 18 months ago. As the