AI-powered CRM engagement company Conversive on Thursday announced the acquisition of VoxGenie, an emerging innovator in Voice AI. The acquisition marks a major milestone for Conversive, positioning it as the first...
Hexaware acquires two SMC Squared firms for over Rs 1,000 crore in GCC space
Mid-sized IT player Hexaware Technologies Thursday said it has acquired two SMC Squared group firms for a cumulative cash consideration of Rs 1,029.12 crore (about $120 million). The acquisition of Tech SMC Squared...
Adani Group sells 20% stake in AWL Agri Business to Wilmar in Rs 7,150 crore deal
Apples-to-airport conglomerate Adani Group on Thursday sold its 20% stake in FMCG joint venture AWL Agri Business Limited to Singapore’s Wilmar International in a Rs 7,150 crore deal priced at Rs 275 per share...
EQT completes acquisition of Niwas Housing Finance
Swedish fund EQT has completed the acquisition of Niwas Housing Finance Limited, formerly known as Indostar Home Finance, from IndoStar Capital Finance Limited, according to a company statement. EQT will invest Rs 500...
Torrent Pharma seeks CCI nod to acquire majority stake in JB Chemicals for Rs 19,500 crore
Ahmedabad-based Torrent Pharmaceuticals has sought fair trade regulator CCI’s clearance to acquire a majority stake in in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal. After the completion of the...
Schneider said to be in talks to buy Temasek’s stake in Indian JV Schneider Electric
Schneider Electric SE is considering buying out the remaining stake in its India venture from minority partner Temasek Holdings Pte, according to people familiar with the matter. Schneider is in talks to buy the 35%...
Advent, TPG, Kedaara among others in race to buy into Hero Group’s Semiconductor arm Tessolve
A clutch of prominent private equity (PE) players, including Advent International, TPG Growth, Kedaara Capital, Goldman Sachs, and ChrysCapital, are in discussions to acquire a significant minority stake in Tessolve...
IHCL acquires over 3.3 lakh shares in wholly-owned arm for over Rs 165 cr
Tata Group hospitality firm Indian Hotels Company Ltd on Wednesday said it has acquired over 3.3 lakh equity shares through a rights issue in wholly-owned arm ELEL Hotel and Investment Ltd for over Rs 165 crore. ELEL...
SMFG said to eye $1.1 billion additional investment in Yes Bank
Sumitomo Mitsui Financial Group Inc. is considering making an additional $1.1 billion investment in Indian lender Yes Bank Ltd., people familiar with the matter said, following a previous investment made by Japan’s...
Dixon Technologies to pick 51 pc stake in Q Tech India
Electronics manufacturing services firm Dixon Technologies (India) Ltd on Tuesday said it has signed a binding term sheet to acquire a 51 per cent stake in Kunshan Q Tech Microelectronics (India). The proposed...
Chinese carmaker Geely to take Zeekr unit private at $6.83 billion valuation
Geely Automobile will take its premium electric vehicle unit Zeekr private at a $6.83 billion valuation, as the Chinese automaker streamlines its business and sharpens its competitive edge. Under the agreement, Geely...
Homegrown private equity firm ChrysCapital scoops up bakery chain Theobroma in ₹2,410-crore deal
Homegrown private equity firm ChrysCapital has agreed to acquire pan-India bakery chain Theobroma Foods for ₹2,410 crore, said people with knowledge of the matter. According to an agreement signed between the parties...
