Page 25 - Acquisition

CCI allows AGI Greenpac to acquire Hindusthan National Glass & Industries

AGI Greenpac has received approval from Competition Commission of India for the proposed acquisition of Hindusthan National Glass & Industries Limited through Corporate Insolvency Resolution Process

Apollo Global to acquire Univar in $8.1 billion deal, says report

Shares of Univar rose nearly 14% to $35.40 in premarket trading

Seagen acquisition: Pfizer can now bet on future of cancer drugs

Given the muted response to the deal on Monday, analysts seem skeptical that this will be as easy as Pfizer makes it sound

Adani Group prepays entire financing for Ambuja Cements acquisition

The promoters have also prepaid a $500-million facility taken for Ambuja acquisition financing

Vedanta may buy 6% more stake in Hindustan Zinc for Rs 7,900 cr

Govt planning OFS to sell 15% stake by March-end, will lose special rights over company; sources says Vedanta is looking raise about $1 billion from three foreign banks to fund the acquisition

Mahanagar Gas' Unison Enviro acquisition lights up its growth prospects

Tailwinds for the industry in the form of decline in gas prices are also near-term positive

Subway's potential $10 billion sale draws Goldman, Bain, says report

Goldman Sachs Asset Management and Bain, along with private equity firms TDR Capital and TPG, have tabled indicative offers for Subway, the news outlet reported

Axis Bank completes acquisition of Citibank India's consumer business

This deal will have a 177 basis points bearing on Axis Bank's CET1 capital ratio

Microsoft-Activision deal: What's on the cards for gamers in India?

Despite global brouhaha over Microsoft's dominance, the merger may benefit gamers here

Fintech firm Cashfree acquires Zecpe to strengthen its D2C Payments Suite

This acquisition will also enable Cashfree Payments to offer additional value-added services like Return to Origin (RTO) reduction, fraud detection, and address pre-filling, among others

Amazon closes $3.9 bn acquisition of healthcare provider One Medical

The acquisition was originally announced in July last year

Sonata Software jumps over 4% on acquiring US-based Quant Systems

The company's North America arm has inked an agreement to buy 100 per cent in Texas-based Quant Systems in an all-cash deal of $65 million.

CRISIL upgrades DB Power's rating after Adani Power calls off acquisition

CRISIL also removed the company from "on watch status" and assigned "stable" outlook

Samvardhana Motherson to buy SAS from Faurecia for Rs 4,790 crore

EV business constitutes almost half of the total net revenues of SAS. It manufactures cockpit modules and other components for EVs of European companies such as Volkswagen, Skoda, Mercedes, Porsche

Kotak Mahindra Bank to acquire Sonata Finance for Rs 537 crore

The acquisition will be subject to regulatory approvals, including by the Reserve Bank of India (RBI)

Meta to acquire VR startup 'Within' after favourable court ruling

A federal judge has sided with Facebook parent Meta and cleared the way for the company to buy virtual reality startup Within Unlimited, the maker of the popular fitness app Supernatural. Federal antitrust regulators had sought to block the acquisition on the grounds that it would hurt competition in the emerging virtual reality market. But U.S. District Judge Edward Davila denied the Federal Trade Commission's request for a preliminary injunction against the deal. The judge's ruling said the agency did not provide sufficient evidence to prove its case. Meta said it will now proceed with its acquisition of Within Unlimited. The FTC had argued that Meta's acquisition of the small company reminiscent of Facebook's early purchases of Instagram and WhatsApp would hurt competition in the emerging virtual reality market. Allowing the tech giant to buy Los Angeles-based Within Unlimited, the FTC had argued, would violate antitrust laws and dampen innovation, hurting consumers who may f

We're looking at acquisitions but won't buy at all costs: Tata Consumer MD

In a Q&A, Sunil D'Souza talks about the company's strategy to launch more D2C brands and his outlook on demand for the company

Happiest Minds to acquire SMI via upfront, deferred equity for Rs 111 cr

Happiest Minds Technologies on Wednesday announced that it has signed an agreement to acquire Madurai-headquartered IT services company SMI through a combination of upfront and deferred equity consideration amounting to Rs 111 crore. With 400 plus offshore-based employees, SMI (Sri Mookambika Infosolutions) has an annual revenue run rate of USD 9 million (over Rs 73 crore). "Happiest Minds Technologies today announced the signing of definitive agreements to acquire 100 per cent of SMI - a Madurai-headquartered, profitable, IT services company through a combination of upfront and deferred equity consideration totalling Rs 111 crore," the company said in a statement. SMI provides product engineering services to its US customers around enterprise applications and integrations, digital data platform services (analytics, data strategy, Artificial Intelligence/Machine Learning, User Experience) and mobility services. It has, over the years, built deep domain expertise around the healthc

EaseMyTrip acquires 55% stake in real-time marketplace cheQin for Rs 3 cr

Online travel tech platform EaseMyTrip.com on Tuesday said it has acquired a 55 per cent majority stake in cheQin for Rs 3 crore. cheQin is a real-time marketplace, which allows travellers to bargain with hoteliers without any effort. The deal will help in strengthening EaseMyTrip's hotel channel in terms of technology, adaptability, personalisation, and the acceptance of bulk booking and long stay requests, the company said in a statement. "EaseMyTrip is focusing on the growth of its non-air segments. This acquisition is a step towards revolutionising the hotel business altogether. Through cheQin, which is a unique app in the hotels industry, we will diversify our hotel booking experience through technology support," EaseMyTrip CEO and Co-Founder Nishant Pitti said.

Pine Labs acquires enterprise platform from Saluto Wellness for unknown sum

The deal would help Pine Labs strengthen its offerings across employee rewards and recognition, customer loyalty, and channel partner programmes for medium and large enterprises