Page 34 - Acquisition

Why the mega acquisition of Blinkit may give Zomato digestion problems

Market sentiment, inadequate data and unsustainable unit economics are stacked against the acquisition plan and 10-minute food delivery.

Triveni Turbine arm to acquire 70% stake in S African firm TSE Engineering

With the acquisition of these shares, TSE will become a step down subsidiary of Triveni Turbine Ltd

BabyChakra acquires Tinystep to build India's largest mother-baby platform

Deal, whose value wasn't disclosed, will allow BabyChakra to expand regional footprint with a platform covering 9 languages

Infosys to acquire German digital marketing firm Oddity for Euro 50 mn

With more than 300 digital experts, Oddity is one of the largest independent digital agencies from Germany. For CY21 the company had revenue of Euro 21.6 mn

PhonePe acquires GigIndia, top network for freelance micro-entrepreneurs

Transaction value not disclosed; GigIndia to bring 1.5 million entrepreneurs and over 100 enterprises on its platform as part of its integration with PhonePe under the deal

Bizongo buys Clean Slate Tech, aims to help 100 factories adopt IoT by 2023

Deal size not revealed; Clean Slate team to join acquirer

M&As add to the growth engine for Persistent Systems' stock: Brokerages

The stock remains one of the top picks among brokerages in the mid-cap IT space

Amazon closes $8.5-bn MGM deal after regulators decline to oppose It

Amazon shares were little changed at $3,062.67 at 9:35 a.m. in New York.

Razorpay acquires Pune fintech startup IZealiant Tech for undisclosed sum

The acquisition of IZealiant will further strengthen Razorpay's Banking Solutions Arm to build innovative payment banking technologies for partner banks

RIL subsidiary acquires battery maker Lithium Werks for $61 million

Lithium Werks is a leading provider of cobalt-free, high-performance lithium iron phosphate (LFP) batteries

Persistent Systems to acquire US cloud player MediaAgility for $71.71 mn

With 500 staff in US, Mexico, UK and India, MediaAgility has 31 Google Cloud Partner Expertise designations, 330 Google Cloud certifications, seven Google Cloud partner specialisations

Curefoods acquires majority stake in milkshake brand Frozen Bottle

This is the 20th acquisition by Curefoods in two years

Reliance Retail Ventures buys majority stake in Abraham & Thakore

Last year, RIL arm had partnered Manish Malhotra's brand and Raghavendra Rathore's company

Biocon arm plans to acquire Viatris' biosimilars assets; stock falls 8%

The companies will also enter into a transition services agreement. Viatris will provide certain transition services, including commercialization services for an expected 2-years

Biocon Biologics acquires Viatris' biosimilars business in $3.3 bn deal

BBL will also obtain Viatris' rights in all biosimilars assets, including its in-licensed portfolio and an option to acquire Viatris' rights in bAflibercept

Northern Arc Group to acquire SMILE Microfin

The transaction will involve the takeover of the microfinance portfolio of S.M.I.L.E., along with its network of nearly 150 branches catering to over 0.2 million customers.

IBM announces acquisition of US-based Neudesic; adds to India presence

IBM has stated that it will be focusing on hybrid cloud play which it says is a $200 billion opportunity

Shiprocket acquires majority stake in Glaucus Supply Chain Solutions

Zomato-backed e-commerce shipping platform Shiprocket on Monday announced its third buyout this year with the acquisition of a majority stake in Glaucus Supply Chain Solutions. Following the acquisition, the two platforms will combine their strengths to take the complexity out of fulfilment challenges faced by traders, retailers and brands, Shiprocket said. Shiprocket had earlier in January announced acquiring a 75 per cent stake in customer data platform Wigzo Tech and also the acquisition of business-to-business logistics aggregator platform Rocketbox. Besides, on February 5, it said the company had invested USD 1.5 million in software-as-a-service (SaaS)-based logistics start-up Logibrick. Continuing its acquisition spree, Shiprocket has acquired a majority stake in supply chain management company, Glaucus Supply Chain Solutions Pvt Ltd, and further the two companies have agreed to merge in due course, it said in a statement. The transaction will allow Shiprocket to accelerate

KFin buys Hexagram to expand into fund accounting, reconciliation solutions

KFin Technologies on Wednesday announced the acquisition of Hexagram Fintech, an IT product company specializing in fund accounting and reconciliation product development.

Don't need to look for assets after NINL buy: Tata Steel's TV Narendran

In a Q&A Tata Steel CEO and MD T V Narendran talks about what the acquisition means for the company's growth ambitions as also the near-term outlook