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. It is one of the … Read more
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 global service provider, delivering technology … Read more
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 a holding company. The company … Read more
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 footwear, tyre Re- treading ,wood, … Read more
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 organization, and a leader in … Read more
Eros International Media in association with Mythri Movie Makers will release the much awaited, mystical thriller ‘Savyasachi’ on November 2, 2018. The trailer of Savyasachi has gathered phenomenal traction with 4.4 million views on the internet in less than a week. The film focuses on the story of a young man who suffers from the … Read more
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 equity shares of face value … Read more
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 services. It also provides people … Read more
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 products, from the existing investors … Read more
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 1500 products across wide range … Read more
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 investment in SkyTran with the … Read more
Ganesh Films India has acquired the sole theatrical distribution rights for North India region from Lyca Productions for Tamil language movie ‘Vada Chennai’. Ganesh Films India is engaged in the business of acquiring distribution rights of south Indian movies from production or co-production houses and thereafter distributes the same to the cinema halls spread across … Read more
Ganesh Films India has acquired the sole theatrical distribution rights for North India region from Trident Arts for Tamil language movie ‘Ratsasan’. Ganesh Films India is engaged in the business of acquiring distribution rights of south Indian movies from production or co-production houses and thereafter distributes the same to the cinema halls spread across the … Read more
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 the acquisition of 4,99,688 equity … Read more
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 Capital Investment Corporation (SCIC) on … Read more
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 customers. The investment from the … Read more
Thai listed property developer JAS Asset Plc has bought over the trademark food and cafe chain Casa Lapin from Coffee Project Co Ltd for a price tag of 42 million baht (about US$1.27 million). The company concluded the agreement earlier last month, whereby the high-end coffee house chain will enter into a new joint venture … Read more