In a bid to expand its footprint across the country, multiplex chain INOX Leisure Ltd (INOX) had proposed to acquire Satyam Cineplexes Ltd in July 2014 for Rs 182 crore. Satyam has nine multiplexes, including three in...
Royal Nirman Buys MPF Systems Held By Promoters Wilo Se
Royal Nirman Private Limited has acquired 55.48% of the paid up capital of MPF systems held by promoters Wilo Se. The acquisition follows the share purchase agreement between the two parties on July 1, 2014, resulting...
Takeover Of Mather And Platt Fire System By Royal Nirman
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...
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...
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...
Delta Corp Puts Zing To Gaming Biz
In order to put its business on fast track, Delta Corp Limited, India’s only listed gaming company, merged its wholly owned subsidiary Delta Leisure and Entertainment Private Limited (DLEPL) in 2013. The scheme of...
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...
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...
Apollo‐Cooper Deal: How It Collapsed
In June 2013, Apollo Tyre’s Limited announced that it would acquire Cooper Tire & Rubber Company in an all-cash transaction valued at $2.5 billion. But Copper decided first to terminate the deal...