Page 8 - Acquisition

NACL stock soars 60% in 4 days on Coromandel's plan to buy majority stake

The stock price of NACL has surged 16% to Rs 107.40 in intra-day trade on Monday and zoomed 99% thus far in the month of March.

Blackstone to acquire 40% stake in Kolte-Patil Developers for Rs 1,166 cr

Kolte-Patil builds residential, commercial projects and has a presence in Pune, Bengaluru and Mumbai

IIHL's Rs 5,600 crore payment paves way for Reliance Capital acquisition

The payment comes ahead of a scheduled hearing on March 12 at the National Company Law Tribunal (NCLT) in Mumbai

TCS to acquire Darshita Southern India Happy Homes for Rs 2,250 crore

The acquisition is focused on acquiring the land and building of Darshita to expand TCS's delivery centre

Zydus Lifesciences to buy 86% stake in Amplitude Surgical for $280 million

Zydus Lifesciences on Tuesday said it has entered into exclusive negotiations to acquire a majority stake in France-based Amplitude Surgical for 256.8 million euros. The company has entered into negotiations with PAI Partners, Amplitude Surgical's management, as well as two minority shareholders to acquire 85.6 per cent of the company's share capital, the Ahmedabad-based drug maker said in a regulatory filing. Purchase consideration amounts to 256.8 million euros for 85.6 per cent of the outstanding shares and voting rights of Amplitude Surgical, it added. Amplitude Surgical is a European MedTech leader in high-quality, lower-limb orthopaedic technologies. The company provides numerous value-added innovations to best meet the needs of patients, surgeons and healthcare facilities. This includes the design and development of knee and hip prostheses, which are implanted in place of damaged or worn-out joints. In fiscal year ended June 30, 2024, Amplitude Surgical generated sales of

Coforge shares rise 8.4% on record deal, acquisition, stock split

The intraday rise, one of the highest for the mid-tier IT services company, came on a day when the broader BSE Information Technology index also rose 2 per cent

Varun Beverages extends deadline for acquisition of SBC Beverages to Mar 31

Varun Beverages, PepsiCo's largest franchise bottler, on Tuesday extended the deadline for completion of the acquisition of Ghana-based SBC Beverages for a month to March 31. On November 13, 2024, Varun Beverages Ltd (VBL) had entered into a share purchase agreement for the purchase of 100 per cent shares of SBC Beverages Ghana at USD 15.06 million (Rs 127.1 crore). The company had estimated to complete the transaction by the end of February 2025. However, in regulatory updates, VBL said "consummation of the aforesaid transaction is extended up to March 31, 2025, instead of February 28, 2025". Last November, VBL entered into a share purchase agreement with Tanzania Bottling Company SA and SBC Beverages Ghana for purchase of 100 per cent shares at USD 154.50 million and USD 15.06 million, respectively. Both are PepsiCo's business. VBL has already raised Rs 7,500 crore in 2024 through QIP and utilisation of proceeds is primarily towards repayment of debt as well as acquisitions. Sh

AkzoNobel N.V. to acquire Indian arm's powder coatings business

The transaction also includes the sale and transfer of intellectual property rights for the decorative paints business in India, Bangladesh, Bhutan, and Nepal for Rs 1,152 crore

Nokia set to gain EU approval for $2.3 billion Infinera acquisition: Report

Nokia referred to its financial statement released on January 30 where it said it expected to close the deal in the first quarter of this year

Reliance Consumer Products acquires Velvette, strengthens FMCG portfolio

This strategic acquisition, which entails acquiring the perpetual licence of Velvette, aligns with Reliance's ongoing commitment to building a futuristic business with a solid foundation

Carlyle combines India's Highway, Roop to build global auto parts platform

New entity will have a portfolio of more than 1,500 products, clients in 17 countries

Jubilant Biosys expands global footprint with acquisition in France

This acquisition marks a significant step in Jubilant Biosys' global strategy, providing a foothold in Europe's expanding pharmaceutical and biotech ecosystem

ITC in talks to acquire MTR Foods and Eastern Condiments in $1.4 bn deal

ITC is in preliminary discussions with Norway's Orkla ASA to acquire two of its brands as part of its efforts to expand presence in the southern Indian spice market

Musk-led group proposes to buy OpenAI for $97.4 bn; Altman says 'no'

A group of investors led by Elon Musk is offering about $97.4 billion to buy OpenAI, escalating a legal dispute with the artificial intelligence company that Musk helped found. Musk and his own AI startup, xAI, and a consortium of investment firms want to take control of the ChatGPT maker and revert it to its original charitable mission as a nonprofit research lab, according to Musk's attorney Marc Toberoff. OpenAI CEO Sam Altman quickly rejected the deal on Musk's social platform X, saying, no thank you but we will buy Twitter for $9.74 billion if you want. Musk bought Twitter, now called X, for $44 billion in 2022. Musk and Altman, who together helped start OpenAI in 2015 and later competed over who should lead it, have been in a long-running feud over the startup's direction since Musk resigned from its board in 2018. Musk, an early OpenAI investor and board member, sued the artificial intelligence company last year, first in a California state court and later in federal court,

IPO-bound logistics unicorn Shiprocket may double down on acquisitions

The Gurugram-headquartered company, which is eyeing an initial public offering (IPO) and is in the planning stages, recently converted to a public company

Why One 97 Communications, parent of Paytm, shares gain 5% in weak market?

Seven Technology LLC is the parent company of Dinie Correspondente Bancário e Meios de Pagamento Ltda. ("Dinie"), Brazil-based API-first embedded finance start-up

UltraTech in advanced talks to acquire HeidelbergCement in Rs 3,381 cr deal

Aditya Birla Group's UltraTech Cement acquired 55.49% stake in India Cements and 8.69% stake in Star Cement for Rs 851 crore in 2024

Bain Capital backed 360 One WAM to acquire B-K Securities for $205 million

The number of individuals with more than $30 million of assets is expected to grow by 50% between 2023 and 2028, according to a Knight Frank wealth report

360 One WAM to acquire brokerage house B-K Securities for Rs 1,884 cr

360 One reported a net profit of Rs 276 crore for the third quarter of FY25, registering a 44 per cent year-on-year increase

German Lufthansa seals deal to get 41% of ITA Airways, full control by 2033

Germany's Lufthansa Group on Friday finalised its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy's former flagship carrier. Under the 325-million-euro (USD 350 million) deal, Lufthansa takes an initial 41 per cent stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of 829 million euros. The remaining 59 per cent will initially continue to be held by the Italian Treasury. This deal was originally announced in May 2023 and was approved by the European Commission following a year-long investigation and with conditions to protect competition. The commission noted that Lufthansa, ITA and its partners, for example, control most routes from Rome and Milan to North America. Under the deal, the merged company must make it possible for rival airlines to launch non-stop flights between Rome or Milan and central European airports, where competition is limited; make room for rivals on ...