Maruti Suzuki India on Saturday said it has acquired over 6 per cent stake in technology startup Amlgo Labs. The startup operates in data analytics, cloud engineering, machine learning (ML) and artificial intelligence...
BHIVE Group acquires product engineering firm Praemenio
BHIVE Workspace has strengthen its technology platform with its first acquire of a product-engineering firm Praemenio to support its fast-growing coworking and fintech businesses. The transaction comprises a composite...
Aussie competition regulator delays decision on ANZ’s $3.3 bln Suncorp Bank buy
Australia’s competition regulator on Monday said it has delayed its decision on ANZ Group Holdings’ proposed A$4.9 billion ($3.30 billion) acquisition of Suncorp Bank by a week to August 4, and has requested...
Allcargo Logistics closes 30% stake purchase from KWE in Gati subsidiary
Allcargo Logistics said it has completed the acquisition of 1.50 lakh shares, or 30% stake, in Gati-Kintetsu Express (GKEPL) for Rs 406.71 crore. Allcargo’s subsidiary, Gati already holds 70% stake in GKEPL. “With...
Centre fast tracks merger approvals for startups, small businesses
The Ministry of corporate affairs has amended the rules to make it easier for small companies and start-ups to secure approvals for mergers by way of deemed approvals. Small companies and start-ups seeking approvals for...
British International Investment leads ₹200 cr round in Kinara Capital
Small business lender Kinara Capital on Friday said it has secured ₹200 crore (around $25 million) in a financing round led by UK’s development finance institution (DFI) British International Investment (BII). The...
Mitsubishi Materials to buy out Onahama copper smelter partners
Japan’s Mitsubishi Materials Corp will take full ownership of its Onahama Smelting and Refining copper joint venture in March, buying the stakes of DOWA Holdings and Furukawa Co, it said on Friday. The move is...
How AI and advanced analytics have begun transforming M&As
Merger and acquisition (M&A) transactions are frequently used by companies seeking value creation or enhancement of capabilities. According to a recent survey, 47% of chief financial officers (CFOs) across sectors...
Indian CXOs see M&As as a good bet in troubled times
Top executives at Indian companies are looking at merger and acquisitions as one of the main strategies to tackle disruption caused by geopolitical developments, according to the latest EY CEO survey. As much as 96% of...
Government to hold 33% stake in Voda Idea post equity conversion: Ravinder Takkar
The government will hold around 33% in Vodafone Idea (Vi), post-conversion of the latter’s accrued interest liability (on deferred dues) into equity, while the telco’s promoters—UK’s Vodafone Plc and India’s Aditya...
Tata Consumer Products to get into home and personal care through acquisition led strategy
Armed with a significant war chest, Tata Consumer Products Ltd (TCPL) is drawing up ambitious growth plans by moving heft into the home and personal care space through an acquisitions-led strategy, top executives close...
Fintech Perfios raises $70 mn, joins unicorn club
Perfios has become a unicorn after the fintech platform raised nearly $70 million from existing investors, Warburg Pincus and Bessemer Venture Partners, in a Series C round, the company’s filings with the corporate...