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...
Permira, Warburg near $8.2 billion deal for Clearwater Analytics, sources say
A group of private equity firms led by Permira and Warburg Pincus has clinched a deal to acquire investment and accounting software maker Clearwater Analytics Holdings for about $8.2 billion, including debt, two...
Flipkart acquires majority stake in Minivet as part of its AI push
Ecommerce major Flipkart has acquired a majority stake in artificial intelligence and machine learning solutions startup Minivet AI, the company announced on Friday. Founded in 2024, Minivet’s generative video services...
Piramal Finance to exit Shriram Life Insurance Company
Piramal Finance is selling its entire 14.72% stake in Shriram Life Insurance Company to Sanlam Emerging Markets (Mauritius) for ₹600 crore, valuing the insurer at around ₹4,000 crore. The move is part of Piramal’s...
Edtech Physicswallah acquires additional stake in Xylem Learning
Edtech firm PhysicsWallah on Thursday said it has invested an additional Rs 122.9 crore to raise its stake in subsidiary Xylem Learning to 77.27% from 64.98%. The deal is part of a shareholder agreement of June 2023...
BNP Paribas in exclusive talks to buy Mercedes-Benz’s car-leasing unit in $1.2 billion deal
BNP Paribas is in exclusive talks with German carmaker Mercedes-Benz to acquire its car-leasing subsidiary Athlon, the French bank said on Thursday, in a transaction valued at approximately 1 billion euros ($1.17...
India to revamp M&A rules to protect retail investors, expedite deals
India’s Securities and Exchange Board (SEBI) plans to amend its merger and acquisition rules, including barring acquiring companies from offering higher prices or additional compensation to major shareholders...
