India’s healthcare and the pharmaceutical sector saw hectic deal activity with the value of mergers and acquisitions (M&As) in the first six months of this calendar year scaling a record high and crossing the total...
Kotak Mahindra Bank acquires DLL India’s agri and healthcare portfolio
Private lender Kotak Mahindra Bank (KMBL) on 8 July announced to have acquired the Agri and Healthcare Equipment financing portfolio of De Lage Landen Financial Services India Private Limited (DLL India). Over the next...
STFC to merge with its NBFC business
Shriram Transport Finance Company Ltd (STFC) has received approvals from equity shareholders and secured and unsecured creditors for the proposed merger with Shriram City Union Finance (SCUF), it said on Wednesday. As...
DeFi platform Nexo to acquire ailing crypto exchange Vauld
London-based crypto lending firm, Nexo, is set to acquire fellow lender and crypto exchange Vauld. The move comes after Vauld halted deposits, withdrawals and trading on its platforms yesterday, citing financial...
How AI and advanced analytics have begun transforming M&As
Merger and acquisition (M&A) transactions are frequently used by companies seeking value creation or enhancement of capabilities. According to a recent survey, 47% of chief financial officers (CFOs) across sectors...
Byju’s plans to raise $2.4 bn to buy American edtech firm 2U
Byju’s has proposed to acquire American edtech company 2U for $2.4 billion in the largest acquisition in this space, two people aware of the development said. Think and Learn Pvt. Ltd, which operates Byju’s, has...
CCI approves Google’s 1.28% stake buy in Bharti Airtel
The Competition Commission of India approved Google’s investment of nearly $1 billion for 1.28% in Bharti Airtel. “The CCI approved the proposed combination on the basis of modifications offered by the Acquirer (Google...
Zetwerk acquires 3 firms for ₹100 cr to strengthen industrial business
Global manufacturing network, Zetwerk has acquired three companies to strengthen its industrial vertical business in the segment of oil and gas, aerospace, defence, and infrastructure components. The transaction is...
Glenmark Pharma’s US arm acquires four OTC drugs from Wockhardt
Glenmark Pharmaceuticals Ltd. said its US subsidiary has acquired generic versions of four over-the-counter drugs from Wockhardt Ltd. The acquisition includes approved Abbreviated New Drug Applications (ANDAs) for...
Purple Style Labs raises $10 million
Purple Style Labs (PSL), owner of Pernia’s Pop-Up Shop, an omni-channel luxury fashion company has raised $10 million in Series B-round from actor Madhuri Dixit Nene and a clutch of investors. The Series-B round has...
Record $82 billion dealmaking spree sees India defy global slump
Bankers in India recorded their best-ever quarter for mergers and acquisitions while dealmaking elsewhere slows to a crawl. India saw $82.3 billion pending and completed M&A deals in the second quarter, the highest...
RIL in talks to raise up to $8 bn for Boots deal
Reliance Industries Ltd (RIL) is in talks with a clutch of global banks to raise $8 billion for its planned leveraged buyout of British pharma chain Boots, two people aware of the discussions said. The conglomerate, led...
