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M&M acquires entire stake in Mahindra Automotive Mauritius

Mahindra & Mahindra (M&M) has acquired 100% stake in Mahindra Automotive Mauritius on November 06, 2018. M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. ... Read More »

Mphasis’ arm acquires Stelligent Systems

Mphasis’ wholly owned subsidiary — Mphasis Corporation has acquired Stelligent Systems, LLC a US based, DevOps, continuous integration and continuous development, service provider in Amazon Web Services (AWS), for consideration up to $25 million consequent to signing a definitive agreement on November 08, 2018 regarding the acquisition. Mphasis is a ... Read More »

Adani Transmission acquires entire stake in KBSTPL

Adani Transmission has signed Share Purchase Agreement with KEC International (KEC) on November 03, 2018 for acquisition of its entire stake in KEC Bikaner Sikar Transmission (KBSTPL). KBSTPL is having an operational transmission line of 344 ckt. kms in the State of Rajasthan from Bikaner to Sikar. Adani Transmission is ... Read More »

Rubfila International acquires land in Tamil Nadu

Rubfila International has acquired land admeasuring 113 acres with buildings and other assets located at Swaminathapuram, Dindugul district in Tamil Nadu from Assets Care & Reconstruction Enterprises, for a consideration of Rs 19.50 crore for future expansion plans. Rubfila International produces adhesives suitable for various industry segments like leather and ... Read More »

TCS acquires W12 Studios

Tata Consultancy Services (TCS) has acquired W12 Studios, an award-winning digital design studio based in London. W12 Studios will be part of TCS Interactive, further strengthening that already impressive array of creative and experience services it offers. TCS Interactive is the digital design division within TCS’ Business & Technology Services ... Read More »

Muthoot Finance acquires Muthoot Money

Muthoot Finance has acquired Muthoot Money (MMPL), post approval of the Reserve Bank of India. The company purchased 5,625 number of equity shares of face value Rs 1,000 each at a price of Rs 17,685 per share aggregating to Rs 9,94,78,125 from existing shareholders; and subscribed 56,545 number of fresh ... Read More »

Mahindra Logistics acquires 5.06% stake in Lords Freight

Mahindra Logistics has completed the purchase of 119,610 (5.06%) equity shares of Lords Freight (India) (Lords), Subsidiary company from its existing Shareholder, resulting an increase in the company’s stake in Lords from 68.69% (pre-acquisition) to 73.75% (post-acquisition). Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management ... Read More »

JSW Steel acquires 60% stake in DMMPL

JSW Steel has acquired an aggregate of 60.004% of the share capital of Dolvi Minerals and Metals Private (DMMPL), a company engaged in the business of acting as traders, whole-sellers and retailers in all forms of metallic and non-metallic minerals, which includes coal and lignite, coal products and iron steel ... Read More »

Cipla’s arm acquires entire stake in Mirren

Cipla’s wholly owned subsidiary — Cipla Medpro South Africa (Pty) has completed the acquisition of 100% stake in Mirren (Pty) on October 22, 2018. Cipla is a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients. The company’s portfolio includes over ... Read More »

Reliance Industries’ arm acquires stake in SkyTran

Reliance Industries’ (RIL) wholly owned subsidiary — Reliance Industrial Investments and Holdings has successfully acquired 12.7% shareholding (on fully diluted basis) in SkyTran Inc. (SkyTran), a US incorporated venture-funded technology company developing state of the art technology in the field of Personal Rapid Transit Systems. The company has made the ... Read More »

Prataap Snacks acquires 76.88% stake in Avadh

Prataap Snacks has completed the acquisition of 76.88% of the share capital of Avadh Snacks (Avadh) from certain of its existing shareholders on October 4, 2018. Earlier, the Board of Directors of the company in a meeting held on October 1, 2018, took note and approved the payment made towards ... Read More »

Nawaplastic acquires additional stakes in Vietnam’s Binh Minh Plastic

5/3/2018 – Nawaplastic Industries (Saraburi), a subsidiary of Thailand’s Siam Cement Group (SCG) has registered to purchase an additional 29.51 percent stake in Vietnamese plastic producer Binh Minh Plastic JSC (BMP). The 29.51 percent stake in BMP represented by 24 million shares previously offloaded by Vietnam’s sovereign wealth fund State ... Read More »

Bharti Airtel acquires strategic stake in Juggernaut Books: Report

Bharti Airtel has reportedly acquired a strategic stake in Juggernaut Books, a popular digital platform to discover and read high quality, affordable books and to submit amateur writing. The investment is in line with the company’s endeavour to build an open content ecosystem and bring world-class digital content to its ... Read More »