Page 2 - Acquisition

Lockheed Martin to acquire Ultra Maritime in $3.45 billion deal

The acquisition of Advent-owned Ultra Maritime will bolster Lockheed Martin's capabilities in anti-submarine warfare and undersea defence technologies

BLS E-Services acquires Atyati Technologies for ₹157 cr in an all-cash deal

BLS E-Services on Friday announced the acquisition of a 100 per cent stake in Atyati Technologies, a Bengaluru-based AI-powered banking technology company, for about Rs 157 crore in an all-cash transaction. BLS E-Services, a subsidiary of BLS International, provides business correspondent (BC/rural banking outlets) services, loan distribution, and e-governance services, among others. Atyati is a financial inclusion and banking technology platform that enables banks through AI-driven digital solutions, business correspondent services, micro-lending platforms, and last-mile banking infrastructure. It serves more than 35 banks and financial institutions through a network of over 25,900 Customer Service Points (CSPs) covering about 1 lakh villages across India. "This strategic fit enables us to further expand our reach and deepen our impact across underserved communities," said Shikhar Aggarwal, Chairman, BLS E-Services. This acquisition is expected to unlock significant synergies for

M&A funding norms to intensify competition for private credit: Moody's

Moody's says RBI's acquisition financing norms could intensify competition from banks, putting pressure on private credit deal volumes and yields

Rane (Madras) to buy Hindustan Composites' friction business for ₹370 crore

Acquisition of the COMPO brand and friction business will create a market-leading friction materials business with revenue of over Rs 1,000 crore across key automotive segments

Persistent upbeat about its biggest M&A bet with €1 billion Nagarro deal

The IT services firm says its €1 billion Nagarro acquisition will strengthen its Europe business, with management confident on integration despite investor concerns

Icra to acquire remaining 40% stake in D2K Technologies for ₹32 crore

Rating agency Icra on Monday said it will acquire the remaining 40 per cent stake in D2K Technologies for Rs 32 crore. Pursuant to this, Icra Analytics will hold 100 per cent of the equity share capital of D2K Technologies on a fully diluted basis, Icra said in a regulatory filing. Icra Analytics is a wholly-owned subsidiary of Icra Ltd and provides services, solutions, analytics and digital platforms for risk management, mutual funds, fixed income, and knowledge services. Currently, Icra Analytics holds 60 per cent stake in the company, which is engaged in the business of providing banking and software services to banks, other financial institutions, and corporates, among others. Upon completion of the proposed acquisition, D2K Technologies will become a wholly-owned step-down subsidiary of Icra, it said. The acquisition is contingent upon the successful execution of the transaction by the depositories, it added.

Persistent crashes 9%, hits 52-week low; what's making Street nervous?

Persistent announced the acquisition of German digital engineering firm Nagarro SE through a voluntary public takeover offer at €81/share in cash, implying an EV of €1.27 billion.

Torrent acquires Nabha Power from L&T, completes ₹3,632 crore deal

Torrent Power on Thursday said that it has completed the acquisition of 100 per cent equity stake in Nabha Power Ltd (NPL) from L&T Power Development Ltd for Rs 3,632.35 crore. Earlier this year, the company informed the bourses regarding the execution of a Securities Purchase Agreement to acquire 100 per cent of the equity stake and convertible instruments of NPL and receipt of approval from the Competition Commission of India for the said acquisition. According to a regulatory filing, the company has completed the acquisition of 100 per cent equity shares and convertible instruments of NPL from L&T Power Development Ltd (L&T) at a total consideration of Rs 3,632.35 crore, consequent to closing adjustments. Torrent Power is engaged in the business of power generation, transmission, distribution and manufacturing and supply of power transmission cables, and is a part of 'Torrent Group,' which is into power, pharmaceuticals and gas distribution sectors. Nabha Power Ltd is a

EMA Partners India acquires RPO firm Taggd in ₹113 crore all-cash deal

The acquisition brings together executive search and recruitment process outsourcing capabilities, creating an integrated talent recruitment platform with global reach

From Innovist to Minimalist: Why India's beauty brands are hot targets

Global beauty majors are increasingly turning to acquisitions as ingredient-led Indian brands reshape how products are developed, marketed, and scaled

CCI clears Honda's proposal to acquire additional 21% stake in Astemo

CCI approves Honda's plan to raise its stake in Astemo to 61%, strengthening control over the auto components maker in a strategic consolidation move

RBI's M&A norms: HSBC India funds Waaree's ₹1,255 crore acquisition

The transaction marks one of the first acquisition financing deals executed by a private or foreign bank under the RBI's revised framework for bank-funded acquisitions

L'Oreal signs agreement to acquire majority stake in D2C firm Innovist

Innovist founding team will remain in place as minority shareholders and will continue to operate and scale the business in collaboration with L'Oreal India

SpaceX to take over AI Startup Cursor in $60 billion deal following IPO

SpaceX has sealed its $60 billion takeover of Cursor, strengthening Elon Musk's push to compete in the fast-growing AI coding market

Fox to acquire streaming platform Roku in deal valued at about $22 billion

Fox Corp will acquire Roku in a $22 billion deal, combining streaming, digital advertising and television assets to create a major US media platform

Allianz emerges as lead bidder for HSBC's Singapore insurance unit

Allianz and HSBC are finalising a deal for HSBC's Singapore insurance unit, with the business valued at up to $2 billion

Meesho acquires Kirana Club in ₹202-crore deal to expand grocery presence

The acquisition gives Meesho access to a platform serving over 4 million retailers and strengthens its presence in India's grocery and business-to-business commerce markets

Adani Energy to acquire smart meter player IntelliSmart for ₹3,050 crore

Adani Energy Solutions Ltd (AESL) has inked a securities purchase agreement to acquire a 100 per cent equity stake in IntelliSmart Infrastructure for Rs 3,050 crore. IntelliSmart Infrastructure is a leading smart metering JV between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Ltd (EESL), a statement said. According to the statement, AESL has executed a binding securities purchase and subscription agreement (SPSA) to acquire a 100 per cent equity stake in IntelliSmart Infrastructure. The proposed acquisition will strengthen AESL's position as India's largest smart metering platform with over 4.7+ crore smart meters. The proposed Rs 3,050 crore transaction includes the acquisition of 100 per cent of the equity share capital of IntelliSmart and redemption of the optionally convertible debentures of IntelliSmart held by NIIF. The completion of the transaction is subject to regulatory and other customary approvals. IntelliSmart is among leading ow

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