Startup ZappFresh, which sells meat in Delhi-NCR through its online platform, has acquired Dr. Meat in a deal value of USD 3 million as part of its strategy to enter the Bengaluru market. The company has fully acquired...
Exxon Mobil Corp to buy Denbury in $4.9 bn all-stock transaction deal
Exxon Mobil Corp said it would buy Denbury Inc in an all-stock transaction valued at $4.9 billion, giving the oil major access to the largest carbon dioxide pipeline network in the United States. Plano, Texas-based...
HCLTech to acquire German engineering firm ASAP Group for $279 million
HCLTech has signed a definitive agreement to acquire a 100 per cent equity stake in ASAP Group, a German automotive engineering services provider, for Euro 251.1 million (about $279 million). The acquisition is expected...
Kalpataru Projects International arm completes 100% acquisition of Fasttel
Kalpataru Projects International arm Kalpataru Power Do Brasil Participaes Ltda. (KPBPL) has completed the acquisition of 100 per cent equity stake in Fasttel Engenharia S.A., Brazil. Earlier in 2021, the KPBPL had...
Online platform CarTrade Tech to acquire Sobek Auto for Rs 537 crore
Online auto classified platform CarTrade Tech said it has inked a pact to acquire Sobek Auto India for a consideration of Rs 537 crore. Sobek is engaged in the business of running an automotive digital platform and a...
Amara Raja Electronics announces stake acquisition in Design Alpha
Amara Raja Electronics Ltd said it has acquired a stake in engineering design firm Design Alpha. The acquisition will position Amara Raja Electronics Ltd AREL as a fully integrated electronic systems design and...
M&A value nosedives 75% to $32.6 bn in H1 of 2023 despite record volume
The value of merger and acquisition (M&A) deals plunged 75 per cent to USD 32.6 billion in the first half of 2023 even as the number of such deals crossed an all-time high of 1,400, according to industry data. More...
Competition Comm issues show cause notice on Air India-Vistara merger deal
Competition Commission of India (CCI) has issued a show cause notice to the parties with respect to the proposed merger of Tata Group airlines Vistara and Air India, according to a source. The fair trade watchdog issues...
CCI approves acquisition of TCNS Clothing by Aditya Birla Fashion
The Competition Commission of India (CCI) approved the acquisition of TCNS Clothing Co Limited by Aditya Birla Fashion and Retail Limited. The proposed combination involves acquisition of 51 per cent of the expanded...
Infra.Market to acquire 92% stake in Strata Geosystems at Rs 910 cr
Manufacturing unicorn Infra.Market will acquire around 92 per cent stake in geosynthetics company Strata Geosystems India from US-based Glen Raven Technical Fabrics LLC at an enterprise value of Rs 910 crore, a senior...
IBM to buy software firm Apptio for $4.6 bn to bolster cloud offering
IBM said on Monday it will acquire cloud software company Apptio from Vista Equity Partners for $4.6 billion in cash, in the latest deal to bolster its capabilities in cloud and automation. Shares of IBM were marginally...
Goldman Sachs likely to take big writedown on GreenSky acquisition: Report
Goldman Sachs is likely to take a large writedown for its $2.2 billion acquisition of fintech lender GreenSky after seeking to divest the business it bought in 2021, CNBC reported on Friday, citing people with knowledge...
