Cupid has entered into a Term Sheet to acquire a strategic stake in Mansam, a Saudi Arabian fragrance brand promoted by Key Notes Trading LLC, through a fund structure managed by GII lnvestment Management. Mansam...
Astral’s board nod to acquire remaining 5% stake in Seal IT
Astral said that its board has approved to acquire remaining 5% equity stake in its wholly owned subsidiary, Seal IT Services UK (Seal IT) for total consideration of GBP 4,00,000 (approximately Rs 4.75 crore). By...
Poly Medicure to acquire Netherlands-based PendraCare for ₹188.5 crore
Poly Medicure (Polymed), a domestic medical device manufacturer, has signed definitive agreements to acquire a 90 per cent stake in Netherlands-based PendraCare Group, which includes PendraCare Holdings and Wellinq...
Varun Beverages to acquire stake in renewable energy company
Varun Beverages approved to invest upto 26% of equity share capital of Jager Renewables Two (a special purpose vehicle inter-alia engaged to generate & supply solar power to consumers in the state of Rajasthan) to...
Kraft Heinz to split into two, unwinding merger that never paid off
Kraft Heinz will split into two companies, one focused on groceries and the other on sauces and spreads, it said on Tuesday, dismantling a packaged goods giant that never achieved the growth expected when it was formed...
TBO Tek to acquire US based Classic Vacations
TBO Tek announced its agreement to acquire US based Classic Vacations from Phoenix-based investment firm, The Najafi Companies, for an estimated total purchase of up to $125 million. The acquisition brings together the...
Star Localmart acquires Bengaluru-based DusMinute to expand footprint
Star Localmart, the retail arm of Sanjay Ghodawat Group (SGG), on Monday said it has acquired Bengaluru-based retail chain DusMinute, which operates in gated communities, for an undisclosed amount. This acquisition will...
BHEL acquires technology from Defence Metallurgical Research Laboratory
Bharat Heavy Electricals (BHEL) has signed a License Agreement for Transfer of Technology (LAToT) with Defence Metallurgical Research Laboratory (DMRL), Hyderabad, a research laboratory of the Defence Research and...
Samvardhana Motherson to buy 81% stake in Japan’s Yutaka Giken for $184 mn
Auto components major Samvardhana Motherson International Ltd on Friday announced the acquisition of 81 per cent stake in Japan’s Yutaka Giken Co, Ltd in which Honda is a majority shareholder, for USD 184 million...
ITC seeks CCI nod to acquire ABREL’s Century pulp paper biz for ₹3,498 cr
ITC Ltd has sought the CCI’s approval to acquire the pulp and paper business of Aditya Birla Real Estate Ltd (ABREL) for Rs 3,498 crore. “The proposed transaction refers to the sale of the target business...
Sellwin Traders signs agreement to acquire 60% stake in Shivam Contracting
Sellwin Traders on Monday said it has signed an agreement to acquire a 60 per cent stake in US-based infrastructure and construction firm Shivam Contracting Inc (SCI) in an equity deal. Under the deal, Sellwin Traders...
Foseco India inks deal to acquire 75% stake in Morganite Crucible (India)
Foseco India has executed a definitive agreement to acquire a 75% stake in Morganite Crucible (India) (MCIL), from its current promoters viz. Morganite Crucible and Morgan Terrassen B.V., part of the Morgan Group of...
