Astral said that its board has approved to acquire remaining 5% equity stake in its wholly owned subsidiary, Seal IT Services UK (Seal IT) for total consideration of GBP 4,00,000 (approximately Rs 4.75 crore). By...
Singapore-based firm proposes to acquire 25% in Welcure Drugs & Pharma
Welcure Drugs & Pharmaceuticals Ltd on Wednesday said that Singapore-based Telexcell Trade has offered to acquire up to 25 per cent equity stake in the company at an indicative price of Rs 20 per share. This...
Poly Medicure to acquire Netherlands-based PendraCare for ₹188.5 crore
Poly Medicure (Polymed), a domestic medical device manufacturer, has signed definitive agreements to acquire a 90 per cent stake in Netherlands-based PendraCare Group, which includes PendraCare Holdings and Wellinq...
CCI approves SMBC’s stake buy in Yes Bank
The Competition Commission of India on Tuesday approved Japanese company Sumitomo Mitsui Banking Corporation’s stake purchase in Indian lender Yes Bank. SMBC in May had inked a deal to take a 20% stake in Yes Bank...
Warburg eyes 10% stake in Kalyan Jewellers’ Candere brand for Rs 850 crore
Global private equity firm Warburg Pincus is in discussions with Kalyan Jewellers India to acquire about 10% stake in the Kerala-based company’s lifestyle brand Candere for Rs 800-850 crore, two people aware of the...
TBO Tek to acquire US based Classic Vacations
TBO Tek announced its agreement to acquire US based Classic Vacations from Phoenix-based investment firm, The Najafi Companies, for an estimated total purchase of up to $125 million. The acquisition brings together the...
ADIA exits One MobiKwik Systems; sells entire 2.1% stake for Rs 39 crore
Abu Dhabi Investment Authority (ADIA) on Monday exited One MobiKwik Systems by divesting its entire 2.10 per cent stake in the fintech firm for Rs 39 crore through an open market transaction. According to the bulk deal...
Samvardhana Motherson to buy 81% stake in Japan’s Yutaka Giken for $184 mn
Auto components major Samvardhana Motherson International Ltd on Friday announced the acquisition of 81 per cent stake in Japan’s Yutaka Giken Co, Ltd in which Honda is a majority shareholder, for USD 184 million...
Capgemini seeks Competition Commission’s clearance to acquire Cloud4C
French IT services major Capgemini has sought clearance from the Competition Commission of India (CCI) to acquire full ownership of Singapore-based Cloud4C. The development comes after Capgemini announced on Tuesday...
CapitaLand to sell Chennai unit leased to Apple supplier
Singapore-based CapitaLand is in the process of selling an industrial unit in Chennai which is leased to Pegatron, one of the largest suppliers of Apple, two people aware of the development said. The 750,000 sq ft...
Japanese banking giant Sumitomo Mitsui lines up Rs 16,000 cr more for fitter Yes
Japanese financial giant Sumitomo Mitsui Banking Corp (SMBC) is set to invest Rs 16,000 crore ($1.83 billion) in Yes Bank through a combination of equity and debt, according to people familiar with the matter. This...
Capgemini to acquire cloud services firm Cloud4C
French information technology services major Capgemini on Tuesday said it has signed an agreement to acquire Indian-origin, Singapore-based Cloud4C, a managed cloud services provider owned by CtrlS Group. Financial...
