Page 3 - Acquisition

Ashoka Buildcon takes 61% stake in JTCL with ₹166 crore acquisition deal

Ashoka Buildcon on Thursday said it has acquired a majority stake in Jaora Nayagaon Toll Road Company Private Limited (JTCL) for Rs 166 crore. Ashoka Buildcon, in a regulatory filing, said the acquisition is pursuant to the securities purchase agreement with Macquarie SBI Infrastructure Investments Pte Limited and SBI Macquarie Infrastructure Trust (collectively 'investors') for the acquisition of all investments of the investors in JTCL. "Ashoka Buildcon's subsidiary Viva Highways Limited has today acquired 7,46,20,000 equity shares of Rs 10 each, held by the investors in JTCL, at a consideration of Rs 1,66,59,93,151. "In view of the above acquisition by VHL, the shareholding of the Company in JTCL through its subsidiaries viz VHL & ACL has increased to 61.17 per cent of the paid-up share capital of JTCL," it said. Jaora Nayagaon Toll Road Company Private Limited (JTCL) has a total income of Rs 265.50 crore and a net worth of Rs 639.89 crore, based on audited financial statements

Occidental to sell OxyChem unit to Berkshire Hathaway for $9.7 billion

The company sunk deeper into debt after it closed its $12 billion acquisition of privately held US shale oil producer CrownRock last year, which strengthened its position in the Permian Basin

CCI approves Saudi Arabian PIF's bid for majority stake in Olam Agri

Fair trade regulator CCI on Tuesday approved Saudi Arabia's sovereign wealth fund PIF's proposal to acquire a majority stake in Olam Agri Holdings Ltd. Public Investment Fund (PIF), through its investment arm SALIC, is acquiring a stake in Olam Agri Holdings Ltd. PIF has assets under management of more than USD 925 billion. "The proposed combination involves the acquisition of SALIC's proposed indirect acquisition of 44.58 per cent and up to 64.57 per cent of the issued share capital of Olam Agri," the Competition Commission of India (CCI) said in a release. Saudi Agricultural and Livestock Investment Company (SALIC) is focused on farming and procurement, as well as importing commodities into the Kingdom of Saudi Arabia. It is present in India through LT Foods Ltd, wherein the investment arm owned a 9.22 per cent stake in the FMCG firm, which owns the 'Daawat' brand of basmati rice. "Commission approves the Saudi Agricultural and Livestock Investment Company's proposed indirect ..

Ventive Hospitality to acquire 76% stake in Hilton Goa Resort owner

Ventive Hospitality will acquire a 76 per cent stake in Soham Leisure Ventures, owner of Hilton Goa Resort, in a Rs 320 crore deal marking its entry into the leisure hospitality market

Ventive Hospitality to acquire 76% stake in Hilton Goa owner Soham Leisure

Pune-based Ventive Hospitality on Friday said it plans to acquire 76 per cent stake in Soham Leisure Ventures, which owns 104-key Hilton Goa Resort and a land parcel in Goa. This transaction, valued at around Rs 320 crore, is an important step in Ventive's plan to double its room portfolio and invest in opportunities that add value, the company said in a statement. Further explaining the investment, the company said it proposes to enter into definitive agreements with Soham for an initial cash outlay of Rs 120 crore for the 104-key resort with development potential for an additional 60-65 rooms on the existing site and a 4-acre land parcel in Goa, earmarked for branded villas with an estimated gross sale value of over Rs 100 crore. The proceeds from villa sales are expected to strengthen the company's cash flows further, it added. "The Hilton Goa Resort acquisition is a landmark for Ventive, marking our foray into the leisure market in Goa. This move reinforces our commitment to ..

Strive to buy Semler in $1.3 bn stock deal to boost bitcoin holdings

The deal comes less than five months after Strive announced a merger with Asset Entities as part of its plan to list on Nasdaq and pursue a strategy of buying and holding bitcoin

Metropolis Healthcare acquires Kolhapur-based pathlab chain for ₹17 crore

Metropolis added that the move is expected to enhance productivity and drive overall profitability across its network of laboratories operating in the region

Blackstone to acquire Pennsylvania gas power plant in $1 billion deal

US power demand is projected to reach record levels in 2025, driven by data centers for AI and cryptocurrency technologies, as well as higher residential and commercial consumption

Tata Technologies to acquire ES-Tec Group in €75 million full buyout deal

Global product engineering and digital services firm Tata Technologies on Saturday said it will acquire 100 per cent stake in Germany-based ES-Tec Group and its subsidiaries for a total cash consideration of 75 million euros (over Rs 775 crore). The company has entered into a definitive agreement to acquire 100 per cent equity shares of ES-Tech GmbH and its subsidiaries (collectively, ES-Tec Group), Tata Technologies said in a statement. The consideration will be paid over the next two years and includes performance-based earn-outs, it added. "The acquisition of ES-Tec Group is a strategic leap that enhances our ability to deliver end-to-end product engineering solutions across the automotive value chain and represents our commitment to expand our global footprint in accessing innovative engineering capabilities," Tata Technologies MD & CEO Warren Harris said. Founded in 2006 and headquartered in Wolfsburg, Germany, ES-Tec Group is a premium automotive engineering services ...

Tata Motors markets $4.5 bn loan for acquisition of Iveco's CV business

The planned deal would add to the rising number of loans to fund cross-border mergers and acquisitions that have originated from Asia Pacific this year

Amazon completes Axio acquisition, secures direct lending license in India

The Reserve Bank of India cleared the deal in June, said Mahendra Nerurkar, Amazon's vice president for payments for emerging markets. The deal has been in the works since December

Who is Vijaye Raji, whose AI startup has been acquired by OpenAI for $1 bn?

OpenAI announced that Vijaye Raji's Statsig has played a central role in how the company ships and learns quickly

Star Localmart acquires Bengaluru-based DusMinute to expand footprint

Star Localmart, the retail arm of Sanjay Ghodawat Group (SGG), on Monday said it has acquired Bengaluru-based retail chain DusMinute, which operates in gated communities, for an undisclosed amount. This acquisition will help Star Localmart expand its network to 170 stores, positioning it as the largest regional retail player in Karnataka, a statement said. The company is focused on opportunities from tier II to VI cities. DusMinute, a gated community retail chain, delivers daily essentials directly to residents' doorsteps, as it operates stores within complexes, offering groceries, dairy, fruits, vegetables and household items. The acquisition covers 40 DusMinute outlets, with additional stores set to open soon, it added. Star Localmart has recently announced expansion plans across Maharashtra, Karnataka, Goa, Andhra Pradesh and Telangana, eying a revenue of Rs 5,000 crore over the next five years. "This acquisition will reinforce its plan to scale up to 3,000 stores by 2030," it

Capgemini seeks CCI approval to acquire Singapore-based Cloud4C firm

French IT services major Capgemini has sought clearance from the Competition Commission of India (CCI) to acquire full ownership of Singapore-based Cloud4C. The development comes after Capgemini announced on Tuesday that it has signed an agreement to acquire Cloud4C, a leader in hybrid cloud platform services. "The proposed combination involves the acquisition of 100 per cent of the shares of target 1 (Cloud4C Services Pte Ltd) and target 2 (Cloud4C Services Pvt Ltd) by the acquirer (Capgemini SE)," according to a notice filed with the CCI. Headquartered in Paris, Capgemini is a leading multinational in consulting, digital transformation, technology, and engineering services. The company has a significant presence in India, which serves as one of its largest delivery bases globally. Cloud4C is engaged in the provision of information technology/information technology enabled services in India. The parties said the "activities of the acquirer and the targets overlap in the market of

Samvardhana Motherson to buy 81% stake in Japan's Yutaka Giken for $184 mn

Auto components major Samvardhana Motherson International Ltd on Friday announced the acquisition of 81 per cent stake in Japan's Yutaka Giken Co, Ltd in which Honda is a majority shareholder, for USD 184 million (over Rs 1,610 crore). Directors of the company at their meeting held on August 29, 2025, considered and approved to acquire 81 per cent stake with voting rights in Yutaka Giken Co, Ltd (YGCL) and 11 per cent stake in Shinnichi Kogyo Co, Ltd (Shinnichi) through its indirect wholly-owned subsidiary Motherson Global Investments BV (MGI BV), Samvardhana Motherson International Ltd (SAMIL) said in a regulatory filing. YGCL is a company listed on the Tokyo Stock Exchange, and Honda Motor Co, Ltd (Honda) currently owns a 69.66 per cent stake in it, with the rest owned by the public, the filing added. Post completion of all steps, Honda shall continue to own the remaining 19 per cent voting rights shares in YGCL, SAMIL said. "The total expected cash outflow for the 81 per cent ...

CCI okays Multiples Equity-led consortium stake buy in VIP industries

A group of investors led by Multiples Equity on Tuesday received approval from the Competition Commission of India (CCI) to acquire stakes in luggage and travel accessories maker VIP Industries. VIP Industries promoters Dilip Piramal and Family in July had announced the sale of up to 32 per cent of their stake in the company to a consortium led by Multiples Equity, an alternative asset management company. The consortium comprises Multiples Private Equity Fund IV (MPEF), Multiples Private Equity Gift Fund IV (MPGF), Samvibhag Securities, Caratlane founder Mithun Padam Sacheti, and his brother, Siddhartha Sacheti. "The proposed combination relates to the acquisition of certain shareholding by Multiples Private Equity Fund IV, Multiples Private Equity Gift Fund IV, Samvibhag Securities Pvt Ltd, Mithun Sacheti and Siddhartha Sacheti in VIP Industries Ltd," the fair trade regulator said in a release. Multiples focuses on core sectors of financial services, pharma & healthcare, consumer

SBI asks regulator to allow banking industry to finance acquisitions

SBI Chairman also urged the private sector to commence investment for capacity expansion, as the government has already taken several steps to boost consumption

Sellwin Traders signs agreement to acquire 60% stake in Shivam Contracting

Sellwin Traders on Monday said it has signed an agreement to acquire a 60 per cent stake in US-based infrastructure and construction firm Shivam Contracting Inc (SCI) in an equity deal. Under the deal, Sellwin Traders (STL) will issue shares to Shivam Contracting at a price not less than Rs 18 per share to acquire a 60 per cent stake, a company statement said. "STL has agreed in principle to invest up to USD 6 million (around Rs 52 crore) to participate in SCI's ongoing and future projects across the United States," the statement said further. A fair valuation of SCI for this deal will be conducted as of December 31, 2025. The MOU remains valid for 12 months from the signing date, the company said. "The USD 6 million equity-linked investment in Shivam Contracting Inc. strengthens our exposure to the US infrastructure sector with attractive return and assured fund repatriation within two years. "Simultaneously, the planned controlling acquisition of Dubai's GMIIT amplifies our ...

WestBridge Capital picks 15% stake in Edelweiss AMC for ₹450 crore

Global investment firm WestBridge Capital is acquiring a 15% stake in Edelweiss Asset Management for Rs 450 crore, valuing the firm at Rs 3,000 crore, Edelweiss Financial Services announced

Wipro shares volatile on $375 mn HARMAN DTS acquisition; analysts weigh in

Wipro shares rose 1.2 per cent in morning deals, however, reversed gains later after company inked agreement to acquire HARMAN's DTS unit