Mid-tier engineering services provider Cyient has said it will acquire US-based Tao Digital Solutions Inc in a $218-million all-cash transaction as it looks to expand its data, AI, and digital engineering capabilities...
Cross Border News
Marksans Pharma to acquire Netherlands-based QliniQ B.V.
Marksans Pharma announced that it has entered into a definitive agreement to acquire 100% of the share capital of QliniQ B.V., a profitable Netherlands-based pharmaceutical company with established front-end sales...
Leapfrog, IFC and NIIF eye ₹400 crore minority stake in Marengo Asia Healthcare
Marengo Asia Healthcare, the hospital platform backed by Samara Capital and the family offices of the Havells and Godrej groups, is seeking to raise ₹400-500 crore, with LeapFrog Investments, International Finance...
China’s SAIC to sell another 10% stake in Indian car venture to local partner JSW – sources
China’s SAIC Motor will sell a further 10% stake in its Indian carmaking venture, JSW MG Motor, two sources with direct knowledge of the matter told Reuters, in a deal that will make local partner JSW the biggest...
UK may block billionaire Sunil Bharti Mittal from raising stake in telecom giant BT: Report
The UK government would oppose any attempt by Sunil Bharti Mittal to increase his stake in telecoms group BT in order to maintain sovereign control over “critical national infrastructure”, the Financial Times reported...
Gujarat Themis Biosyn jumps on acquisition of Japan-based MicroBiopharm
Gujarat Themis Biosyn surged 6.11% to Rs 391.40 after the company announced the acquisition of Japan-based MicroBiopharm Japan Co. (MBJ) for about JPY 21.5 billion, or nearly Rs 1,300 crore. The company has signed a...
Qatar Holding sells 0.4% stake in Adani Energy; Birla MF buys for ₹644 cr
Qatar Holding LLC, an affiliate of the sovereign wealth fund Qatar Investment Authority, has sold 48.05 lakh shares of Adani Energy Solutions to Birla Mutual Fund for ₹643 crore through open market transactions...
Goldman Sachs, SocGen, others buy 1.34% stake in Paytm for ₹964 crore
Global financial institutions, including Goldman Sachs, Societe Generale, and Citigroup Global Markets, have collectively acquired a 1.34 per cent stake in One 97 Communications, the parent company of Paytm, from SAIF...
Hexaware to buy UK consulting company CPS in Rs 140 crore deal
Hexaware Technologies has signed an agreement to acquire the UK- and the UAE-based consulting firm Consulting Professionals Services Holdings Limited (CPS) in a deal valued at up to £11 million (about Rs 140 crore), as...
LTM proposes to acquire Randstad’s technology and consulting biz in Europe and Australia
LTM and Randstad announced that LTM has issued an offer to acquire Randstad’s Technology and Consulting Services business in France, Germany, Belgium, Luxembourg and Australia, representing USD 500+ million (469M)...
CCI okays Blackstone, other investors’ proposal to acquire stake in AI firm Neysa Networks
Fair trade regulator CCI on Wednesday approved a proposal of Blackstone-backed PE funds and other investors to acquire a stake in AI acceleration cloud provider Neysa Networks. The development came after Neysa, in...
Hearzap to acquire Amplifon India, expand network to 420 hearing care centres
Hearzap, a hearing care services provider, has signed an agreement to acquire Amplifon India, the Indian arm of Italian hearing care retailer Amplifon, as it looks to expand its footprint across the country. The deal...
