Page 32 - Acquisition

Zetwerk buys Pinaka Aerospace to expand defence manufacturing business

Zetwerk has made two other acquisitions and the total value of all three deals is approximately Rs 100 crore

JB Chem gets board approval to acquire Dr Reddy's 4 brands for Rs 98 cr

JB Chemicals & Pharmaceuticals on Thursday said its board has approved a proposal to acquire four paediatric brands from Dr Reddy's Laboratories for about Rs 98 crore. The company's board at its meeting held on June 29, has considered and approved the acquisition of a portfolio of brands, for use sales within India, from Dr Reddy's Laboratories, the drug maker said in a regulatory filing. The company has inked a pact with Dr Reddy's Laboratories to acquire four of its brands -- Z&D, Pedicloryl, Pecef and Ezinapi -- for the India market, it added. All four brands are focused on the paediatric segment in the country with a total covered market size of Rs 1,800 crore as per IQVIA data, JB Chemicals & Pharmaceuticals said. The combined sales of these brands stood at around Rs 33 crore for FY 2021-22, it added. The acquisition, which will be funded primarily through long-term debt, will be completed in the next few working days, the drug firm stated.

Biocon to buy 26% stake in AMPYR Renewable Energy Resources Eleven

The company has entered into an agreement for the purpose of "acquisition of solar power by acquiring equity stake up to 26 per cent in AREREPL", it said.

Shiprocket's logistics volume to grow 40% after Pickrr acquistion: CEO

Shiprocket is acquiring a majority stake in Pickrr for an estimated $200 million in cash, stock and earn-out

HDFC Bank-backed Lentra acquires AI startup TheDataTeam for undisclosed sum

The deal involves the acquisition of the customer intelligence platform Cadenz

Pine Labs acquires API fintech startup Setu in $70 mn-$75 mn deal

Merchant commerce platform Pine Labs on Thursday announced the acquisition of Bengaluru-based API fintech startup Setu in a deal valued at USD 70-75 million

PwC India to buy salesforce consultancy Venerate Solutions for unknown sum

Deal aligns with PwC's move to invest in digital transformation and strategic alliances

Burmans acquire 14.3% stake in Eveready Industries through open offer

With this, Burmans' holding in the company stands at 38.3%

BLS International soars 10% on acquisition of Zero Mass in an all-cash deal

BLS international now becomes the largest business correspondent (BC) network in India. The stock has rallied 66 per cent in the last three months.

Twitter says waiting period for Musk's deal over after being put on hold

Completion of the deal is now subject to remaining customary closing conditions, including approval by Twitter stockholders and the receipt of applicable regulatory approvals, Twitter said.

Singapore regulator raises concern with Tata Group on Air India acquisition

Singapore's competition commission on Friday said it has raised concerns with the Tata Group over its acquisition of Air India as the conglomerate now owns two of the three key airlines

Unicorn Gupshup acquires OneDirect to strengthen conversational platform

Gupshup became a unicorn last year after it raised $100 million in funding at a valuation of $1.4 billion.

Adani Enterprises subsidiary picks 50% stake in General Aeronautics

Made for an undisclosed amount, the acquisition will help Adani leverage its own military drone as well as AI and ML capabilities for extending work into domestic farm sector

Marico acquires 54% stake in breakfast & snacks brand True Elements

FMCG major Marico on Monday said it has acquired a majority 54 per cent stake in the digital-first healthy breakfast and snacks brand True Elements for an undisclosed amount.

Actis acquires Hyderabad-based Rx Propellant for an undisclosed amount

Global investor Actis has acquired Hyderabad-based Rx Propellant, which provides real estate solutions to tenants in life sciences and related sectors.

Cloud company VMware's shares surge 15% after Broadcom takeover talks

Shares in VMware rose 15% in premarket trading on Monday, which would give the company a market value of about $46 billion.

ArcelorMittal bets big on insolvent firms to build its India empire

World's largest steel co set to buy Uttam Galva

Byju's continues acquisition spree, buys Austrian math-learning co GeoGebra

Deal value not revealed; this is Byju's 9th major buy this year

Adani group to buy 49% stake in Quintillion Media for undisclosed amount

Adani Enterprises will pick a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for an undisclosed sum, according to a regulatory filing.

Swiggy signs deal with Times Internet to acquire Dineout for unknown sum

Dineout will continue to run as an independent app post acquisition; Swiggy to get access to several new restaurant partners, existing Dineout team