Page 3 - Acquisition

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

Wipro acquires Harman's engineering R&D unit in $375 million deal

The acquisition will enhance Wipro's capabilities in domain-led design, connected products, and software platforms

Canada's Gildan Activewear to acquire HanesBrands for $2.2 billion

Gildan Activewear is buying HanesBrands for USD 2.2 billion in a deal that gives the basic apparel maker access to brands including Hanes and Maidenform. The companies put the transaction's valued at about USD 4.4 billion when including debt. HanesBrands shareholders will receive 0.102 common shares of Gildan and 80 cents in cash for each share of HanesBrands common stock. HanesBrands shareholders will own about 19.9 per cent of Gildan stock once the deal closes. As part of Gildan, HanesBrands will benefit from an even stronger financial and operational foundation that will provide new growth opportunities helping to power further innovation, a broader product offering and greater reach across channels and geographies, HanesBrands chairman Bill Simon said in a statement on Wednesday. Gildan's headquarters will remain in Montreal, Quebec after the transaction is complete. The combined company will keep a strong presence in Winston-Salem, North Carolina, where HanesBrands is ...

Skydance seals $8 bn deal to take over Paramount, ending Redstone era

Now the company, which owns CBS, Comedy Central, MTV and the movie studio behind "The Godfather" and "Top Gun," will finally get much-needed reinforcements

Manipal Hospitals seeks CCI nod to buy Sahyadri Hospitals in ₹6,400 cr deal

Healthcare major Manipal Hospitals has sought approval from the fair trade regulator CCI to acquire Pune-based Sahyadri Hospitals from global investor Ontario Teachers' Pension Plan Board in a deal pegged at around Rs 6,400 crore. The companies did not share the deal size, but industry sources estimate the transaction to be in the range of Rs 6,200-6,400 crore. "The proposed transaction envisages the acquisition of up to 100 per cent shareholding by the acquirer (Manipal Hospitals Pvt Ltd) in the target (Sahyadri Hospitals Pvt Ltd) in multiple tranches," according to a notice filed with the Competition Commission of India (CCI). Manipal Hospitals and Sahyadri Hospitals said the "proposed transaction does not have any impact on any relevant market in India, let alone any appreciable adverse effect on competition (AAEC), and therefore, the definition of the relevant product and geographic market may ultimately be left open. In any event, in order to aid and assist the CCI in its ...

Morgan Stanley, MUFG to syndicate Tata Motors' Iveco acquisition loan

Both global and local banks are considering joining the facility and the deal is expected to be completed by April 2026, pending regulatory approvals

Natco Pharma offers to acquire 35% in Adcock Ingram for ₹2,000 crore

The proposed Rs 2,000 crore deal will give Natco Pharma a strategic foothold in South Africa, with transaction completion expected within four months subject to approvals

Tilaknagar Industries to acquire Imperial Blue business for 412.6 mn euro

The consideration includes a deferred payment of 28 million euro (approximately ₹282 crore as on date), to be paid four years after the closure of the transaction

Aurum PropTech acquires home brokerage platform PropTiger for ₹86.45 cr

Aurum PropTech Ltd on Wednesday announced acquisition of housing brokerage platform PropTiger from Australia's REA Group for Rs 86.45 crore as part of its expansion plan. The company will issue preferential shares to REA India as consideration for the acquisition of PropTiger. In a regulatory filing, Aurum PropTech informed that the Board has approved "acquisition of 100 per cent equity shares of PropTiger Marketing Services India Pvt Ltd, India." The acquisition has been done from REA India Pte, Singapore, through an all-stock, strategic equity swap and execution of the Share Acquisition Agreement with REA and PropTiger. The board approved issuance of 42,42,537 equity shares (face value Rs 5) of the company on a preferential basis to REA, as a consideration for acquisition of PropTiger. The cost of acquisition is Rs 86.45 crore, it added. Post-issue of preferential shares, REA India will have 5,54 stake in Aurum PropTech Ltd. Gurugram-based PropTiger, which is part of REA India

Will Titan's 67% acquisition of Damas boost profitability in GCC region?

As per the transaction, Titan Holdings will acquire the 67% shareholding, subject to the fulfillment of conditions precedent outlined in the agreement, along with necessary regulatory approvals.

Titan Company to acquire 67% stake in Dubai's Damas in all-cash deal

Titan Company has signed an agreement to acquire a 67% stake in Damas LLC, marking a strategic expansion into the GCC jewellery market, with an all-cash deal valued at AED 1,038 million (Rs 2,439 cr)