Category: Mergers & Acquisitions

TCS Acquires W12 Studios, an Award-Winning, London-Based Digital Design Studio.

Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, today announced its acquisition of W12 Studios, an award-winning digital design studio based in London. This the first acquisition of India’s largest IT services company in about four years. The company, however, did not disclose the financial details of the deal.  This…

Schaeffler Group to invest Rs 1,000 crore more in India.

Schaeffler Group, the German-based manufacturer of rolling element bearings for automotive, aerospace and industrial uses, has planned to invest an additional Rs 1,000 crore in its Indian operations over the next three years. Recently, the firm completed its merger with Ina Bearings India and LuK India, which was announced back in August 2017.The firm is making…

NIIF to acquire controlling stake in IDFC Infrastructure Finance.

National Investment and Infrastructure Fund (NIIF), India’s first sovereign wealth fund announced that it has acquired IDFC Infrastructure Finance (IDFC-IFL), an infrastructure debt fund. This acquisition is the first investment from NIIF’s strategic fund. The acquisition is subject to approval from RBI and customary closing conditions. The company has a loan book of more than Rs…

SBI joins hands with Hitachi Payments to set up card acceptance, digital payment platform.

State Bank of India, the Indian multinational, public sector banking and financial services company announced a joint venture with payments solution provider Hitachi Payment Services India for the establishment of the latest card acceptance and future-ready digital payment platform for India. SBI will hold the majority of stake in this JV, the bank said in a release. The…