Paytm Cloud has approved a Rs 8.7 crore ($1 million) investment in Seven Technology. The company will acquire a 25% stake in Seven, parent One 97 Communications said in a filing to the exchanges. Paytm Cloud is a wholly...
Happiest Minds inks pact to acquire Gavs Tech’s Middle East biz
Happiest Minds Technologies said that it has executed share purchase agreement with Gavs Technologies to acquire a 100% stake in their Middle East business, aiming to consolidate existing customer relations, contracts...
Nazara Tech’s subsidiary NODWIN to acquire esports event organizer StarLadder
Nazara Technologies said that its subsidiary NODWIN Gaming has acquired Starladder, an esports IP and services company, in a deal valued at an initial consideration of $5.5 million (Rs 46.75 crore). Founded in 2018 by...
Ambani family buys 49% stake in London cricket team Oval Invincibles
The Ambani family won a high-stakes bidding battle this week to secure a stake in the London-based Oval Invincibles cricket team. Reliance Industries Limited won a virtual auction with the minority stake worth about £60...
Whirlpool intends to reduce stake in India unit to about 20% in 2025
Home appliances maker Whirlpool of India said on Thursday its parent Whirlpool Corp intends to reduce its stake in the company to about 20% this year via market sale. Whirlpool Corp in its fourth-quarter earnings...
Jubilant Pharmova announces acquisition of 80% stake in JASMIN
Through its step-down subsidiary – Jubilant Biosys Innovative Research Services, Singapore Jubilant Biosys Innovative Research Services, Singapore (JBIRSPL), a subsidiary of Jubilant Biosys, a wholly owned...
First-ever India logistics MBO: LOGOS team acquires $1 billion assets in two countries
A private consortium led by LOGOS Group co-founder Trent Iliffe, along with former India CEO Mehul Shah and Vietnam CEO Glenn Hughes, has acquired the LOGOS Vietnam and India business in a deal valued at $100 million...
UltraTech in advanced talks to acquire HeidelbergCement in Rs 3,381 cr deal
UltraTech Cement, a flagship company of the Aditya Birla Group and India’s largest cement manufacturer in terms of capacity, is reportedly in advanced discussions to acquire the Indian operations of HeidelbergCement...
Advent set to acquire jewellery retailer Orra at nearly Rs 1,750 crore: sources
US buyout fund Advent International is in advanced negotiations to pick up a controlling stake in Orra Fine Jewellery, formerly owned by one of the country’s top diamond manufacturers and retailers, Rosy Blue Group...
China’s Sany Heavy is considering stake sale in India business
Chinese construction-machinery maker Sany Heavy Industry Co. is considering selling a stake in its India business, according to people familiar with the matter. The company has held talks with prospective financial...
Dubai’s Emaar confirms stake sale talks with Adani Group for Indian ops
Emaar Properties, the leading real estate developer in Dubai, announced on Thursday that it is in talks with multiple Indian companies, including the Adani Group, about a potential stake sale in its Indian subsidiary...
Amazon to acquire fintech lending startup Axio in a $200 million all-cash deal
Ecommerce major Amazon is set to acquire Bengaluru-based fintech Axio, valuing the buy-now-pay-later (NBPL) at around $190-200 million, three people in the know said. The deal, awaiting a nod from the country’s banking...
