Page 6 - Acquisition

Marwadi Chandarana to buy 75% stake in TruCap Finance for Rs 207 crore

Marwadi Chandarana Intermediaries Brokers has entered into an agreement to acquire 75 per cent stake in non-banking financial company TruCap Finance with an investment of Rs 207 crore. This investment includes a mix of capital infusion through preferential allotment of equity shares and convertible warrants, and a secondary purchase of 3.68 crore shares from the existing promoter group of TruCap, the NBFC said in a stock exchange filing. This transaction will trigger an open offer under the Sebi's rules. Following the investment, MCG will be classified as the new promoter, and the existing promoter group's stake will be reduced to zero. In its filing on Monday, the NBFC said, "Marwadi Chandarana Intermediaries Brokers Pvt Ltd, an entity of Marwadi Chandarana Group (MCG) has entered into definitive documents to acquire a majority stake (approximately 75 per cent) in TruCap Finance Ltd, a non-banking financial company". With a combined net worth of approximately Rs 2,500 crore, MCG

SBI Life, Vidyaniti acquire 4.25% stake in NHIT for Rs 1,100 crore

SBI Life Insurance and Vidyaniti LLP on Monday bought a 4.25 per cent unit-holding in National Highways Infra Trust for Rs 1,100 crore through the open market transaction while NHAI divested 8.24 crore units in the Trust. A total of 8.24 crore units, representing a 4.25 per cent unit-holding, was acquired by both entities. According to the block deal data available on the NSE, SBI Life Insurance Company picked up more than 3.74 crore units or 1.93 per cent holding in NHIT. Vidyaniti LLP also bought over 4.49 crore units, amounting to a 2.3 per cent unit-holding in National Highways Infra Trust, as per the data on the exchange. The units were picked up at an average price of Rs 133.57 per unit, taking the combined transaction value to Rs 1,100.61 crore. Meanwhile, NHAI offloaded 8.24 crore units of NHIT at the same price, as per the data on the National Stock Exchange (NSE). On Monday, National Highways Infra Trust's units were closed on a flat note at Rs 133.50 a unit on the ...

Sky Gate buy gives us entry into cloud kitchens: Devyani International

Devyani sees cloud kitchens as new growth avenue, aims to turn Sky Gate profitable within a year and integrate its brands into food courts and kitchen network

Bajaj Auto to acquire majority stake in KTM with €600 mn fresh infusion

Bajaj Auto to become majority owner of KTM through fresh funding and debt restructuring support, aiming to revive the brand and strengthen its premium bike presence

OpenAI buys ex-Apple designer Jony Ive's io for $6.4 bn in AI expansion

The acquisition gives OpenAI full control of the Jony Ive's io, an AI-first hardware company, as it moves to build new AGI-era devices beyond smartphones and traditional interfaces

FY25 marks among the least ever spends on taking companies private

Acquisition amount at less than Rs 100 crore

Nazara Tech completes acquisition of UK-based Curve Games for ₹247 cr

Nazara Technologies acquires Curve Games in a ₹247 crore deal, aiming to expand into the $100 billion PC-console gaming market and enable global growth from India

Blackstone to acquire TXNM Energy for $11.5 bn, bets on US energy demand

Blackstone sees TXNM as a sound long-term investment due to the stable, regulated returns and substantial capital requirements of grid modernisation and energy transition

Sapphire Media completes acquisition of Big FM 92.7 after NCLT approval

Sapphire Media Limited has completed the acquisition of debt-ridden Reliance Broadcast Network, which owns Big FM 92.7, through the insolvency process. Reliance Broadcast Network Ltd (RBNL) was going through the Corporate Insolvency Resolution Process since February 2023. Sapphire Media is promoted by Kaithal-based entrepreneur Sahil Mangla and media professional-turned-entrepreneur Aditya Vashistha. It has received all the statutory approvals to take over the board and management control of Big FM 92.7 from Ministry of Information & Broadcasting, according to a statement. Besides, it is said to have made the payment of dues to the lenders' body, the Committee of Creditors (CoC) of RBNL, within the stipulated timelines as per the approved resolution plan. On December 23, 2024, appellate insolvency tribunal NCLAT rejected the petitions filed by other competitors and upheld the order passed by the National Company Law Tribunal approving Sapphire's resolution plan. On May 6, 2024, .

JSW nears deal to buy 75% stake in Dulux paints maker AkzoNobel India

Sajjan Jindal is said to have personally led negotiations for the deal, valued at approximately ₹12,000 crore

CCI clears Knowledge Realty's acquisition of Blackstone, Sattva entities

The Competition Commission of India on Tuesday approved IPO-bound Knowledge Realty Trust's acquisition of several entities affiliated with private equity major Blackstone and Bengaluru-based Sattva Group. Knowledge Realty Trust (KRT) is sponsored by real estate company Sattva Group and Blackstone. "The proposed combination comprises of direct and indirect acquisition by the Knowledge Realty Trust, acting through its manager, Knowledge Realty Office Management Services, formerly known as Trinity Office Management Services (acquirer REIT), of certain entities, some of which inter-alia belong to the Blackstone Group, some belonging to the Sattva Group and remaining held jointly controlled by Blackstone and Sattva Group," the regulator said in a release. Knowledge Realty Office Management Services is a Sebi-registered REIT engaged in the business of owning and/or operating a portfolio of rent or income-generating real estate assets and related income-generating assets. "Competition ...

DCM Shriram's arm Fenesta buys 53% stake in DNV Global for Rs 44 crore

DCM Shriram group firm Fenesta, which is into uPVC and aluminium windows and doors, has acquired 53 per cent equity stake in DNV Global for Rs 44 crore to expand its business. The deal is expected to be completed in next 2 months. The acquisition of DNV Global will help Fenesta in backward integration and opportunity to create new line of business (hardware). "This strategic investment marks a significant step in Fenesta's vision to enhance customer experience, deepen vertical integration, enhance product reliability, achieve accelerated growth in scale and unlock operational synergies across its supply chain," DCM Shriram said in a statement on Sunday. The total acquisition cost is Rs 44 crore, which includes Rs 31 crore by subscribing to fresh equity share capital of DNV Global and Rs 13 crore by purchase of equity shares from the existing promoters/shareholders. Saket Jain, Business Head, Fenesta Building Systems, said, "The acquisition ...is a natural extension of our long-ter

MX Player brings greater reach, retail ads after becoming Amazon product

At 250 million unique visitors a month, MX Player has for long been in the same bracket as YouTube (454 million) and Meta (324 million) in reach

Devyani International to acquire majority stake in 'Biryani by Kilo'

Devyani International Ltd, which operates quick service restaurant chains such as KFC, Pizza Hut, and Costa Coffee through franchise agreements, has announced its plan to acquire homegrown chain 'Biryani by Kilo'. The Jaipuria family-promoted Devyani International Ltd (DIL) will acquire a majority stake in Sky Gate Hospitality, which operates restaurants under the 'Biryani by Kilo' brand, along with other brands, according to a regulatory filing. Though it has not disclosed the number of shares or the acquisition price, the company stated that its board is scheduled to meet and approve the proposal on April 24. "We wish to inform you that a meeting of the Board of Directors of the Company is scheduled on Thursday, April 24, 2025 inter-alia, to consider and approve the definitive agreements and issuance of equity shares of the company on a preferential basis to discharge the consideration payable for acquisition of controlling equity stake in Sky Gate Hospitality Private Limited, ...

ITC to acquire '24 Mantra Organic' maker SNBPL for Rs 472.50 crore

The acquisition is expected to be completed in the first quarter of FY26

NIIT acquires Coimbatore-based deep skilling training provider iamneo

Under the agreement, NIIT will acquire the remaining 30 per cent shareholding in phases from iamneo's promoters in subsequent tranches over the next five years

Ujala Cygnus to acquire around 60% stake in Punjab hospital chain

Ujala Cygnus plans to expand further in northern India, to focus on super speciality units

Delhivery says Ecom Express overlap won't complicate integration or growth

Logistics firm Delhivery expects margin accretion of ₹300 crore over two quarters post-deal

JSW Energy finalises ₹12K cr acquisition of O2 Power's renewable platform

The deal, executed through its wholly owned subsidiary JSW Neo Energy, adds 4,696 megawatt (MW) of capacity spread across solar, wind, hybrid, and round-the-clock (RTC) renewable power

Metropolis Healthcare to acquire DAPIC for ₹35 crore in all-cash deal

Under the agreement, Metropolis' wholly-owned subsidiary Metropolis Histoxpert Digital Services Pvt Ltd will acquire 100 per cent ownership of DAPIC