Ambuja Cements Ltd, part of the Adani Group, on Monday said its board has approved separate schemes of amalgamation to merge ACC Ltd and Orient Cement Ltd into Ambuja, a move aimed at creating a single, consolidated...
UK Paints to acquire additional 14.48 pc stake in Berger Paints via internal restructuring
UK Paints (India) Private Limited, a key member of the promoter group of Berger Paints India Limited, has informed that it will acquire a 14.48 per cent stake in the paint major through an internal restructuring. The...
Inox Clean Energy acquires Macquarie’s Vibrant Energy
Inox Clean Energy Limited has acquired Vibrant Energy, a Macquarie-owned renewable energy independent power producer (RE IPP), Inox said on Sunday. The deal has valued Vibrant at $200 million (equity), said sources...
NCLT clears merger of Amazon marketplace with logistics arm
The National Company Law Tribunal (NCLT) has allowed the merger of Amazon Transportation Services (ATSPL) with Amazon Seller Services (ASSPL), paving the way for the local arms of the US-based ecommerce firm to...
SAMIL in talks to acquire Nexans Autoelectric wiring harness biz at 207 mn euros enterprise value
Auto components major Samvardhana Motherson International Ltd on Monday said it has entered into talks to acquire the global wiring harness business of Nexans autoelectric GmbH at an enterprise value of 207 million...
Alphabet to buy clean energy developer Intersect in $4.75 billion deal amid AI push
Alphabet said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity necessary for developing...
Varun Beverages shares jump 2% on approving Rs 1,119 crore Twizza acquisition, Citi expects 44% upside
Shares of Varun Beverages Ltd (VBL) jumped 2.2% to an intraday high of Rs 480 on the BSE on Monday, December 22, after the company’s Board of Directors approved the acquisition of South Africa-based Twizza Proprietary...
Varun Beverages to acquire South African beverage firm Twizza at enterprise value of Rs 1,118.7 crore
Varun Beverages, PepsiCo’s largest franchise bottler, on Sunday announced to completely acquire South Africa-based firm Twizza, through its its own local subsidiary there – The Beverages Company Proprietary...
Inox to acquire Macquarie-owned renewable platform Vibrant
Inox Green Energy, part of Inox Group, will acquire Vibrant Energy, Indian renewable energy platform owned by Infrastructure investor Macquarie Asset Management, said people aware of the development. Vibrant will be...
Fortis to acquire Bengaluru’s People Tree Hospitals for Rs 430 crore
Fortis Healthcare Limited will acquire TMI Healthcare Private Limited, which runs People Tree Hospitals, a leading multispecialty hospital located in Yeshwanthpur, Bengaluru, for Rs 430 crore, the company said on...
Samsung Biologics to buy US drug production facility from GSK for $280 million
South Korea’s Samsung Biologics said on Monday it is acquiring its first U.S. drug production facility from GSK for $280 million to respond to long-term U.S. market demand. The company’s U.S. unit...
1Point1 Solutions to acquire Costa Rica BPM firm Netcom
1Point1 Solutions (1Point1), a provider of AI-driven business process management (BPM) solutions, has entered into a definitive share purchase agreement (SPA) to acquire Netcom Business Contact Center S.A., a Costa Rica...
