Page 39 - Acquisition

Flipkart buys full-stack e-commerce enabler ANS for undisclosed sum

Flipkart's M&A strategy is helping it tap new business areas, get access to innovation and vie with players like Amazon, Reliance's JioMart and Tata-backed BigBasket, say to analysts

Asahi Songwon Colors enters API biz via Atlas Life Sciences acquisition

The blue pigment maker buys 78% stake in the firm for Rs 48 cr to take control of Ahmedabad works

US-based Nithia Capital acquires steel maker CREST for Rs 600 crore

CREST is an integrated plant with a sponge iron capacity of 225 kilo tonne per annum (KTPA)

Asian Paints to acquire stake in White Teak, Weatherseal Fenestration

The size of the current market is more than Rs 11,000 crore and the market share of organised players is about 40 per cent

What does the Axis-Citi deal mean for Citi's India customers?

Citigroup has sealed the deal with Axis Bank to sell its consumer businesses for nearly $2 bn. What does Citi's exit from India mean for its customers here? And what Axis is going to gain from it?

SBI to buy entire share of three stakeholders in SBI Global Factors

The decision was taken in a meeting of the Executive Committee of Central Board (ECCB) of SBI held on March 29, 2022

Alembic Pharma fully acquires Aleor Dermaceuticals from JV partner

Picks up remaining 40% stake from JV partner Orbicular Pharmaceutical

Alembic acquires 100% stake in Aleor Dermaceuticals from JV partner

The move is aimed at strengthening its skin-related manufacturing and marketing footprint

Aurobindo's Veritaz acquisition unlikely to add much value: Analysts

Deal is nonetheless a stepping stone in the drug firm's strategic plan to focus on domestic formulations market, where it aims to have Rs 1,000-cr sales in three years

Aurobindo Pharma acquires Veritaz' domestic business for Rs 171 cr

Move marks Aurobindo's increasing focus on Indian market

Aurobindo Pharma acquires Veritaz formulation business for Rs 171 crore

The transaction comes into effect from April 1, 2022 and is expected to close by May 2022

Airtel to acquire Vodafone's 4.7% stake in Indus Towers for Rs 2,388 cr

Telecom company Bharti Airtel will acquire a 4.7 per cent stake in Indus Towers from Vodafone Group for about Rs 2,388 crore, according to a company filing

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.