Page 4 - Acquisition

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)

Chevron clears final hurdle to acquire Hess in $53 billion mega deal

Chevron has scored a critical ruling in Paris that has given it the go-ahead for a USD 53 billion acquisition of Hess and access to one of the biggest oil finds of the decade. Chevron said Friday that it completed its acquisition of Hess shortly after the ruling from the International Chamber of Commerce in Paris. Exxon had challenged Chevron's bid for Hess, one of three companies with access to the massive Stabroek Block oil field off the coast of Guyana. We disagree with the ICC panel's interpretation but respect the arbitration and dispute resolution process, Exxon Mobil said in a statement on Friday. Guyana is a country of 791,000 people that is poised to become the world's fourth-largest offshore oil producer, placing it ahead of Qatar, the United States, Mexico and Norway. It has become a major producer in recent years. Oil giants Exxon Mobil, China's CNOOC, and Hess squared off in a heated competition for highly lucrative oil fields in northern South America. With Chevron .

Reckitt Benckiser sells homecare brands to Advent in $4.8 billion deal

Reckitt said it will retain a 30 per cent stake in the business, whose brands include Air Wick air fresheners and Cillit Bang cleaners

Firstsource signs pact to acquire UK-based Pastdue Credit Solutions

The acquisition is subject to UK Financial Conduct Authority approval, Firstsource said in an exchange filing

Dodla Dairy acquires Osam Dairy for ₹271 crore to expand into eastern India

South India-based Dodla Dairy on Friday announced the acquisition of eastern India's premium dairy brand Osam Dairy for Rs 271 crore, marking a significant expansion into the high-growth eastern market. The 100 per cent acquisition of Osam Dairy represents one of the first large-scale deals in eastern India's dairy sector and underscores the region's potential to attract institutional capital, the companies said in a joint statement. "We are thrilled to announce the proposed acquisition of Osam, marking a significant milestone in Dodla's journey. This strategic move underscores our commitment to becoming a pan-India dairy company," Dodla Dairy Managing Director Dodla Sunil Reddy said. He said eastern India is an exciting market for the dairy industry with faster growth compared to the national average, supported by high urbanisation potential and strong GDP growth. The transaction marks an exit for Osam Dairy's promoters Abhinav Shah and Harsh Thakkar, along with private equity ..

Reliance acquires home appliances firm Kelvinator for undisclosed sum

Deal will enable Reliance Retail to significantly broaden offering in consumer durables sector, company says

IPO-bound udaan acquires retail-tech startup ShopKirana in all-stock deal

IPO-bound e-b2b platform udaan on Friday announced the acquisition of retail-tech startup ShopKirana in an all-stock deal, marking a strategic consolidation in the domestic eB2B space. The acquisition will complement the platform's leadership across core categories, including staples, FMCG and hotel, restaurant, and catering (HoReCa), udaan said. Founded in 2015, ShopKirana enables kirana stores through digital procurement, transparent pricing, and efficient last-mile delivery. With a strong footprint in tier-2 and tier-3 cities such as Indore, Bhopal, Lucknow, Agra, Surat, and Meerut, ShopKirana complements udaan's national market presence, further strengthening the unified entity as the platform of choice for kiranas and brands across Bharat, it said. The acquisition also reinforces udaan's strategy of driving profitable growth through deeper market penetration, operational efficiency, and broader geographic reach, the company stated. By integrating ShopKirana's deep retailer ..

Couche-Tard's failed bid to acquire Seven & i sparks Japan M&A debate

7-Eleven convenience stores have one of Japan's most recognizable brands and a takeover would have been the largest by a foreign entity in the country's history

Hexaware acquires full stake in SMC Squared for ₹1,029 crore in cash deal

IT company Hexaware Technologies has acquired 100 per cent stake in SMC Squared for USD 120 million, about Rs 1,029 crore, in an all-cash deal to expand its play on global capability centres, the company said in a regulatory filing. SMC Squared builds, operates and transfers global capability centres (GCC). "By acquiring SMC, Hexaware gains established GCC expertise: SMC's proven playbook and relationships in the mid-market GCC segment will accelerate our go-to-market strategy. We will extend SMC's offerings to our broader client base, including existing Hexaware customers," the filing said. The aggregate consideration including contingent components for the acquisition is up to USD 120 million (equivalent to Rs 1,029 crore) subject to certain customary adjustments on cash, debt and taxes, the filing said. "The breakup of consideration is USD 45 million upfront payout, up to USD 45 million of earnouts and up to USD 30 million outperformance earnout bonus," the filing said. The ...

Dixon rises 4% on camera module foray; brokerages decode stock strategy

Nomura believes Dixon Technologies' latest move to acquire a 51 per cent stake in Q-Tech's India unit is strategically sound and earnings accretive.