Indian automaker Mahindra & Mahindra and China’s Shaanxi Automobile Group have agreed to set up a $3 billion joint venture to build a car manufacturing plant in India and are awaiting New Delhi’s...
Wipro Infrastructure Engineering acquires US-based Columbus Hydraulics
Wipro Hydraulics, part of homegrown Wipro Infrastructure Engineering, on Thursday said it has acquired the US-based Columbus Hydraulics to strengthen its presence in North American market. The company did not disclose...
Board of Exicom approves acquisition of Tritium Group
At meeting held on 07 August 2024 The Board of Exicom Tele-Systems at its meeting held on 07 August 2024 has approved a strategic acquisition of Tritium group of companies’ (Tritium Group) assets and business in...
Nazara Tech unit buys US-based gaming content firm Deltias Gaming for Rs 7.5 crore
Absolute Sports, a unit of media and gaming firm Nazara Technologies, acquired the entire assets of US-based gaming content firm Deltias Gaming for $900,000 (Rs 7.5 crore). Absolute Sports also runs Sportskeeda and Pro...
US-based Instawork acquires Bengaluru-based Able Jobs for undisclosed amount
San Francisco-based staffing solutions provider Instawork has acquired the technology platform built by Bengaluru-based online placement forum Able Jobs for an undisclosed amount. Ravish Agrawal, one of the co-founders...
Eraaya receives final approval of US Bankruptcy Courts for acquisition of Ebix Inc.
The Consortium led by Eraaya had submitted a bid to acquire 100% Equity of Ebix Inc. during June 2024, which had been subsequently approved and accepted as the highest and best bid for Ebix Inc and eventually declared...
TA Associates, 2 others offer to buy into Eye Foundation
TA Associates, Multiples PE and KKR have submitted non-binding offers to pick up about 25% stake in Coimbatore-headquartered Eye Foundation at a valuation of ₹3,360 crore, according to sources. The offers are for a ₹830...
Fortum to sell majority stakes in renewable, EV charging businesses in India
Finnish state-run energy giant Fortum Oyj has engaged EY and London-based Opus Corporate Finance LLP to oversee the sale of majority stakes in its Indian renewable energy platform and electric vehicle (EV) charging...
Blackstone makes move for ₹40,000 crore entry into Indian snacks market, to acquire 51% stake in Haldiram’s: Report
Blackstone Inc., the American investment firm, is expected to bid nearly ₹40,000 crore for a 51 per cent stake in the iconic Indian snack brand Haldiram’s, Moneycontrol reported on Monday, July 29, quoting people...
Eraaya Lifespaces update on acquisition of Ebix Inc.
Eraaya Lifespaces shared the updates on the status of the acquisition process of Ebix Inc., wherein an amount of USD 14 Million (Rs 117 crore approx) has been remitted by the Consortium on 26 July 2024; making it a...
General Atlantic, other PE funds in talks for majority stake in AIMS
General Atlantic and KKR are among 4-5 private equity firms competing for a majority stake in Faridabad-based hospital chain Asian Institute of Medical Sciences (AIMS), said people aware of the matter. A potential deal...
Singapore firm gets NCLT nod to buy Alchemist Infra Realty
The bankruptcy court in Delhi has approved the acquisition of Alchemist Infra Realty by the Singapore-based Vantage Point Asset Management. The company’s resolution professional had received a claim of Rs 1,293...
