Tag Archives: acquire

Veena Investments has proposed to acquire up to 3,51,72,025 shares of Dish TV India, on the November 16, 2018, or any day thereafter within a period of 90 days by way of on-market inter-se transfer of shares amongst the promoter group. Dish TV is India’s largest Direct to Home television …

Pankaj Polypack is planning to acquire 300 equity shares of Rs 10 each face value of Morbido Merchandise constituting to 0.30% of the paid up capital of the company, in which the company holds 99.70% equity. The meeting of the Board of Directors of the company is scheduled to be …

Unichem Laboratories has entered into an agreement to acquire 20% equity stake in the API and intermediate business of Hyderabad based Optimus group. The acquisition value is Rs 120 crore. The transaction will give the company access to Optimus’ US Food and Drug Administration (USFDA) approved API manufacturing facilities and …

Indiabulls Real Estate through its wholly-owned subsidiary — Loon Land Development — has entered into definitive agreement to acquire a land parcel / development rights on around 140 acre land, situated at Sector 79, Manesar, Gurugram, for development of integrated township and commercial building. Indiabulls Real Estate is India’s third …

Security and Intelligence Services India (SIS) has signed definitive agreements to acquire initially 80% shareholding in Rare Hospitality and Services, on October 16, 2018. SIS is a leading provider of private security and facility management services in India.

IIFL Holdings’ subsidiary — IIFL Wealth Management — will acquire entire share capital of Chennai-based Wealth Advisors India. IIFL Wealth would conclude the transaction for a consideration of Rs 235 crore. This move is expected to further fortify 10 year old IIFL Wealth’s presence in the south as Wealth Advisors …

Aurionpro Solutions’ wholly owned subsidiary — Aurionpro Solutions Pte., — has entered into an agreement for acquisition of majority stake (51%) in SC Soft Pte. (SC Soft) a Singapore headquartered Automated Fare Collection (AFC) and smart city solution provider. The company will make investment in tranches by subscribing to the …

GSS Infotech’s wholly owned subsidiary — GSS Infotech Inc. has signed the share purchase agreement for acquiring 100% shares of Nexii Labs Inc., USA on October 12, 2018. Nexii Labs Inc., shall become a wholly owned step-down subsidiary of the company. Nexii Labs adds a strong capability in the area …

Kewal Kiran Clothing (KKCL) has decided to acquire the Brand ‘Desi Belle’ from Resource World Exim at a consideration mutually decided by the Management and Resource World Exim. The Management Committee of the Board of Directors of the company on October 10, 2018 has decided the same. KKCL is an …

OnMobile Global has signed a definitive agreement to acquire Appland AB, one of the world’s most popular games and kids App Clubs subscription services. This acquisition reflects the increasing importance of OnMobile’s strategy to become a leader in the fast-growing mobile games market and expands its games footprint to all …

Karma Energy has decided to acquire the 6 Nos. of Wind mills together related land, other accessories and components from Weizmann Forex. The Board of Directors of the company at its meeting held on October 6, 2018, decided the same. The existing capacity is 34.95 MW installed in the states …

Thomas Cook (India) has received an approval for acquisition of a 24% strategic stake in TravelJunkie Solutions, a Mumbai based travel tech start-up via its wholly owned subsidiary TC Tours. TravelJunkie Solutions developed Ithaka – a chat-based mobile application serving FIT (Free Individual Travellers) customers by recommending authentic local experiences …

5/2/2018 – Global financial services major Allianz on Friday announced that it is going to fully acquire Janashakthi General Insurance Limited at an amount of 85.9 million euros (about US$106.4 million). Allianz forged an agreement for the transaction, which is currently subjected to regulatory approval, and expected to complete in …

22/1/2018 – Singapore’s property portal 99.co announced that it has acquired UrbanIndo, one of the largest real estate platform in Indonesia for an undisclosed sum. The acquisition will see 99.co gain a bigger foothold in Indonesia as it adds UrbanIndo’s 1.2 million active property listings in Indonesia to its existing …

SET-listed food and beverages firm Malee Group has made a 65 percent stake acquisition in Long Quan Safe Food Joint Stock Company for 332 million baht (about US$10.5 million). The acquisition is scheduled to be completed in the first half of 2018 and comes as part of Malee’s strategy to …

Cloudaron Group, a cloud service company based in Kuala Lumpur has entered into an agreement with ASX-listed 8common Limited for the acquisition of its subsidiary firm realtors8, for SGD4.23 million (about US$3.2 million) The transaction is expected to be completed by the second quarter of 2018 where realtors8 will become …

HealthCare Global Enterprises (HCG) has entered into definitive agreements providing for a business combination of its Triesta Sciences business unit (Triesta Sciences), with Strand Life Sciences, a company incorporated under the Companies Act, 1956. The company has entered into a Business Transfer Agreement (BTA), a Share Subscription Agreement (SSA) and …

Udaipur : Several displaced Pakistani Hindus staying in India for years had a big reason to rejoice today. 41 of them, staying in Rajasthan’s Udaipur district, were granted Indian citizenship today. These people had been trying to acquire Indian citizenship for the last 14 years. They maintained that situation in …