Dairy company Heritage Foods Ltd said on Monday it has acquired a 51 per cent stake in Peanutbutter and Jelly Pvt Ltd, which owns health-focused ice cream brand Get-A-Way, for Rs 9 crore. The acquisition is expected to...
Defence firm Sanlayan Technologies acquires strategic stake in Versabyte Data Systems
Sanlayan Technologies, an integrated defence electronics company, has acquired a strategic stake in Versabyte Data Systems, a supplier of power electronics to India’s defence sector, part of its push to expand across...
Novartis to acquire Avidity Biosciences for about $12 billion
Swiss drugmaker Novartis on Sunday said it agreed to acquire U.S. biotech firm Avidity Biosciences for about $12 billion in cash, as the company looks to bolster its portfolio of treatments for rare muscle disorders. As...
Thyrocare promoter sells 10% stake for Rs 667 crore
Docon Technologies, one of the promoters of Thyrocare Technologies, on Friday divested a 10 per cent stake in the diagnostics chain for Rs 667 crore through an open market transaction. According to the bulk deal data on...
Bajaj Auto unit gets regulatory nod in Austria to take control over Pierer Mobility AG
Bajaj Auto on Friday said the Austrian Takeover Commission has approved its subsidiary’s acquisition of Pierer Mobility AG, the holding company of KTM AG. The commission ruled that Bajaj Auto International...
Premier Energies, Syrma SGS shares in focus on JV to acquire KSolare Energy for Rs 170 crore
Shares of Premier Energies Limited and Syrma SGS Technologies Limited are expected to be in focus on Friday, October 24, after the two companies announced a joint acquisition of KSolare Energy Private Limited, a Pune...
OpenAI acquires Software Applications, startup that built AI interface for Apple Macs
OpenAI announced on Thursday that it has acquired Software Applications, Inc., the company behind Sky, an AI-powered natural language interface for Mac computers. “With Sky, AI works alongside you, whether you’re...
Plymouth Industrial to be taken private by Makarora, Ares for $2.1 billion
Plymouth Industrial REIT said on Friday it would be taken private by Makarora Management and Ares Management, in a deal worth about $2.1 billion including debt, after it had received a buyout offer from Sixth Street...
CCI clears Torrent Pharma’s proposal to buy stake in JB Chemicals
Fair trade regulator CCI on Tuesday cleared Torrent Pharmaceuticals Ltd’s proposed acquisition of a stake in JB Chemicals and Pharmaceuticals, subject to voluntary modifications offered by the companies. The...
Europe firms agree satellite merger to counter Starlink
European aerospace groups unveiled an initial deal on Thursday to pool their loss-making satellite manufacturing activities, combining forces after months of negotiations to counter the runaway growth of rivals led by...
Premier Energies forays into transformer manufacturing by acquiring 51% stake in Transcon
Premier Energies on Thursday announced its foray into transformer manufacturing by acquiring a majority 51 percent stake in Transcon Industries for a total consideration of Rs 500.3 crore. The acquisition is a key...
Federal Bank to sell minority stake to Blackstone affiliate for Rs 6,200 crore
The Board members of Federal Bank on Friday approved sale of 9.99% stake to an affiliate of U.S. private equity firm Blackstone. The transaction is said to be executed via preferential equity shares and warrants for Rs...
