Auto tech startup ReadyAssist said it has acquired multi-brand two-wheeler workshop chain SpeedForce for $10 million (around Rs 82 crore) in a cash plus stock deal. Vadodara-based SpeedForce is a leading chain of two...
Adani and Jindal companies, Vedanta in race for GVK Power’s Punjab unit
Adani Power, Jindal Power and Vedanta are among twelve companies that have expressed initial interest in acquiring distressed producer- GVK Power (Goindwal Sahib), said two people aware of the development. GVK Power...
Sun Pharma buys Disperzyme, Phlogam brands from Aksigen Hospital Care
Indian drug major Sun Pharmaceutical Industries said it has bought anti-inflammatory brands Disperzyme, Disperzyme-CD, and Phlogam from Mumbai-based Aksigen Hospital Care for an undisclosed amount. All three brands are...
M&A, other corporate deals surpass pre-Covid levels in 2022: PwC India report
Despite global headwinds, mergers and acquisitions, and other corporate deals, India has demonstrated signs of stable corporate deals defying the trend among most other major economies. India has surpassed pre-Covid...
Tube Investments arm buys e-tractor startup Cellestial E-Mobility
As part of its expansion into the e-mobility space, Murugappa group company Tube Investments of India (TII) has acquired the entire shareholding of Cellestial E-Mobility Pvt Ltd, a Hyderabad-based startup engaged in the...
Samvardhana Motherson to buy 51% stake in Saddles International for ₹207 cr
Samvardhana Motherson International Ltd (formerly Motherson Sumi Systems Limited) said it will acquire a 51% stake in Saddles International Automotive and Aviation Interiors Pvt Ltd for an enterprise value of ₹207 crore...
Reliance Capital lenders withdraw plea against NCLT’s stay order
The secured creditors of Anil Ambani-promoted Reliance Capital withdrew a plea from the National Company Law Appellate Tribunal (NCLAT) challenging the NCLT’s order of maintaining a status quo on the debt...
Happiest Minds to acquire SMI via upfront, deferred equity for Rs 111 cr
Happiest Minds Technologies announced that it has signed an agreement to acquire Madurai-headquartered IT services company SMI through a combination of upfront and deferred equity consideration amounting to Rs 111 crore...
EaseMyTrip eyes more acquisitions to expand business
Online travel platform EaseMyTrip is betting on inorganic growth opportunities and will acquire more companies in the travel segment to expand its footprint, chief operating officer Lokendra Saini said. “We are in...
EaseMyTrip acquires majority stake in hotel booking marketplace cheQin
EaseMyTrip announced that it has acquired a 55% majority stake in cheQin through the primary route. cheQin is a real-time marketplace that allows travellers bargain possibilities with hoteliers. The company said the...
Jetsynthesys acquires majority stake in Fanory, hires former Twitter India head Manish Maheshwari
Digital entertainment and technology company JetSynthesys said that it has acquired a majority stake in Fanory, a content monetization platform for content creators. Former Twitter India head and Fanory co-founder...
LegalPay acquires strategic stake in Gujarat-based NBFC Padmalaya Finserve
Third-party litigation funding startup LegalPay has acquired a strategic minority stake in the Gujarat-based non-banking finance company (NBFC) Padmalaya Finserve. The NBFC plans to disburse about Rs 1,000 crore in...
