Page 3 - M&a

Persistent Systems acquires US-based Data Glove for $90.5 million

Established in 2010, Data Glove is a leading player in transformative consulting services and business solutions with total annual revenue for CY21 of $48.96 million and over 700 employees worldwide.

Nvidia scraps $40 bn Arm deal in a huge blow to Big Tech: Report

According to a report in the Financial Times, citing sources, Nvidia will instead spend up to $1.25 billion to Arm owner SoftBank for failing to go through with the transaction.

European Union steps up fight to fend off risky foreign takeovers

The new EU legislation on screening foreign investments emerged after increased political unease across Europe about Chinese acquisitions abroad.

M&A to strengthen as IT services players try and differentiate: Study

Nasscom-EY study says overall deal activity may be at record levels over past few quarters after huge drop in Q2FY20. Deal volume and value of $297 bn in 2021 much higher than 2020 level

Govt to pick up 9.5% stake in Tata Teleservices subsidiary

The dilution in Tata Sons' stake in TTL is not known

Piramal Pharma invests Rs 101.77 cr for minority stake in Yapan Bio

The Mumbai-based company has acquired a 27.78 per cent stake in Yapan as a result of the investment

Hindalco adds downstream capacity; buys Hydro's Rs 247 cr unit in Andhra

Hydro's Kuppam plant has 15,000-tonne extrusion capacity and is integrated with advanced value addition capabilities for surface finishing and fabrication

EaseMyTrip acquires intercity platform YoloBus for undisclosed amount

The acquisition includes the brand name of YoloBus, its technology, team, running business and data expertise

Morgan Stanley, EY top 2021 M&A league table, Barclays in third spot

M&A activity by Indian companies rose to $61 billion in 2021 as compared to $56.7 billion reported in calendar 2020

ITC to acquire 16% stake in D2C brand Mother Sparsh for Rs 20 cr

Mother Sparsh is a premium Ayurvedic and natural personal care start-up in the D2C space, focusing on mother and baby care segments

Cipla unit gets notice from US firm for termination of acquisition deal

In November 2018, Cipla had announced that InvaGen Pharmaceuticals Inc has entered into definitive agreements to acquire US-based speciality business firm Avenue Therapeutics

Graphy acquires edtech platform Spayee for $25 million

Spayee allows content creators to produce customised courses in the form of audio and video tutorials, PDF documents, quizzes, assignments, and live classes

Edtech startup upGrad crosses $210 million annual revenue run rate

The firm has chalked a multidimensional growth plan

CCI gives nod to combination involving Clariant Pigments Business, Heubach

The entity holding the resulting combined business will be controlled by SK Capital Partners, LP with Heubach Holding GmbH and Clariant AG holding minority stakes

The takeover battle for British supermarket group Morrisons

Morrisons is Britain's fourth-largest supermarket group

Adani Group acquires 10% stake in CSC SPV's Grameen eStore

CSC Grameen e-store currently serves over 10,000 PIN codes across all states and union territories.

India's Allcargo Logistics eyes potential stake sale in ECU Worldwide

The firm is looking to raise funds and has appointed Jefferies Financial to evaluate options

Gupshup acquires New Jersey-based RBM player Dotgo for undisclosed sum

A strong partner of Google, Vodafone and Orange, Dotgo manages rich communication systems across markets, and runs world's largest RBM Hub with connectivity to RCS users across the world

Southeast Asia tech dealmaking booms as investors place post-Covid bets

Region's Internet economy forecast to triple by 2025; about a dozen startups set to list over two years

PNB Housing eyes Rs 35,000 cr fresh debt as Carlyle deal faces hurdles

The company said it will seek shareholders' approval for further fund raising by way of debt issue.