Mahindra Logistics (MLL) on Tuesday announced 100 per cent equity capital acquisition of Meru Cabs, a ride-sharing company, from its parent Mahindra & Mahindra (M&M). The all-cash deal size is Rs 1,305.9 crore...
Citi consumer business sale: Kotak Mahindra, Axis and IndusInd submit bids
Three of the country’s leading private lenders – Kotak Mahindra Bank, Axis Bank and IndusInd Bank- have made binding offers to buy Citi’s consumer business in India, valued at about $2 billion, said...
Tech Mahindra acquires Lodestone and WMW for $118 million to bolster digital portfolio
Pune-based IT services major Tech Mahindra Ltd said on Monday it has acquired two companies – US-based Infostar LLC (Lodestone) and London-based We Make Websites Ltd (WMW), for $105 million and 9.4 million pounds...
Tech Mahindra to acquire Beris Consulting for around Rs 60 crore
IT company Tech Mahindra will acquire IT consultancy service provider Beris Consulting Gmbh for 7 million euros or about Rs 60 crore through its German subsidiary, the company said in a regulatory filing. Beris has over...
Kotak Mahindra Bank to acquire 9.9% stake in KFin Technologies
Kotak Mahindra Bank Limited has agreed to acquire 9.9% stake in KFin Technologies, a leading investor and issuer servicing platform, at an investment of ₹310 crore, the leading private bank said on Monday. The deal is...
Kotak Mahindra acquires vehicle financing portfolio of Volkswagen Finance
Kotak Mahindra Group announced that it has acquired the vehicle financing loan portfolio of Volkswagen Finance Private Limited (VWFPL), Volkswagen Group’s Indian captive financing arm. It also said, Kotak Mahindra...
Mahindra Finance expands its global footprint, acquires 58.2% in Ideal Finance
Mahindra Financial Services, a leading non-banking financial company has put together a strategy to make Sri Lanka a preferred market going ahead. This after completing a 58.2% acquisition in Sri Lanka based Ideal...
Meru may explore merger with Mahindra group company
Mahindra & Mahindra may merge Meru with a group company – most likely Mahindra Logistics – to usher in operational synergies and efficiencies following its complete acquisition of the radio taxi fleet...
Mahindra Group acquires subsidiary Hisarlar’s farm equipment unit as it reshuffles business in Turkey
Farm equipment major Mahindra and Mahindra has reshuffled its business in Turkey by acquiring the entire agriculture machinery business of its subsidiary Hisarlar while relinquishing its stake in other businesses of the...
Tech Mahindra partners StaTwig for Covid-19 vaccine supply chain
IT major Tech Mahindra on Monday said it has partnered with StaTwig, a Singapore and Hyderabad-based digital supply chain solution provider, to implement vaccine traceability platform ‘VaccineLedger’...
Tech Mahindra plans acquisition in Europe
IT company Tech Mahindra is looking for acquisitions in Europe to upgrade its capabilities in various segments, including cloud computing, 5G, SAP and Salesforce softwares, a senior company official said on Wednesday...
Kotak Mahindra Bk arm buys 74% stake in HKR Roadways for 715 crore
Kotak Special Situations Fund (KSSF) on Tuesday said it has acquired a 74 per cent stake in HKR Roadways, a non-performing asset for banks, for Rs 715 crore. The consideration paid for HKR, a special purpose vehicle...