Transaction which has triggered the Open Offer Obligation : Royal Nirman Private Limited (‘RNPL’) has entered into a Share Purchase Agreement (‘SPA’) with Promoter / Seller, WILO SE of the MPF Systems Limited...
Adani Power Ramps Up Capacity
Adani Power Ltd (APL), the country’s largest private sector power generation company, has acquired Lanco Infratech’s Udupi plant for Rs 6,000 crore. The installed capacity of the plant is 1,200 MW. APL’s installed...
Strides Arcolab Buys Generic Business Of Bafna
Strides Arcolab Limited (Strides) has bought a majority stake of Bafna Pharmaceuticals Limited’s India branded generics business Raricap (enterprise value) of Rs 65 crore. Strides paid Rs 48.1 crore in cash and balance...
Zomato Acquires Menumania
ZOMATO: Deepinder Goyal, a post-graduate of IIT Delhi, started Foodiebay.com as a small exercise to help his colleagues negotiate huge stacks of menu cards with ease. Foodiebay officially started in July 2008...
RIL Takes Over Network 18
In order to leverage its 4-G operations, Reliance Industries Ltd (RIL) has taken complete control of Network 18 Media and Investments Ltd, including its subsidiary TV18 Broadcast Ltd. and the Board of Reliance...
Motherson Sumi Buys Stoneridge’s Wiring Harness Business
In a bid to expand the business, Motherson Sumi Systems Limited acquired US-based Stoneridge Inc’s wiring harness business for $65.7 million (around Rs 385 crore). The acquired business had a turnover of around $ 300...
Essel Publishers Merge With Zee Media
Zee Media Corporation Ltd is one of the India’s foremost multi-media companies with a strong presence in the national and regional news genre. The company was incorporated as Zee Sports Limited on August 27; 1999...
Technip Divests 75% Stake In Seamec To HAL Offshore
TECHNIP a Euronext-listed entity, through its wholly owned subsidiary, Coflexip Stena (Mauritius) Offshore Limited, had entered into a binding agreement for the divestment of a majority stake of at least 51% and up to...
Sun Pharma Acquires Ranbaxy
In April 2014, Sun Pharmaceutical acquired 100% of Ranbaxy Laboratories for $4 billion to create world’s fifth largest specialty generic pharma company. Under these agreements, Ranbaxy will merge into Sun Pharma and the...
Amalgamation Of CIE & M&M Group
CIE Automotive S.A. is a very large automotive conglomerate having its registered office in Spain and listed on Bilbao and Madrid stock exchange. Its group company Participaciones Internacionales Autometal Tres. S.L...
Jaiprakash Associates Deleverages Balance Sheet
On March 24 2014, the Board of Directors of infrastructure conglomerate Jaiprakash Associates Limited (JAL) had approved signing of Share Purchase Agreement with Dalmia Cement (Bharat) Limited for sale of 74% stake...
Thomas Cook’s Sterling Move
Billionaire investor Prem Watsa-backed Thomas Cook India had acquired vacation ownership Sterling Holiday Resorts for Rs 870 crore, marking its foray into the hospitality sector. For Thomas Cook, it was the...