Sun Pharmaceuticals Industries Limited announced it has acquired additional 11.28% equity stake in Zenotech Laboratories Limited. Post this acquisition, Sun Pharma would increase its shareholding from 57.56% to 68.84% in the company. According to the company’s exchange filing, “this is to inform you that Suo Pharmaceutical Industries Limited (“Company”) has entered into a share purchase…
Reliance Retail Ventures Limited (RRVL) announced acquisition of 89% equity stake in Purple Panda Fashions Private Limited, which owns and operates the Clovia business, with an investment of Rs 950 crore through a combination of secondary stake purchase and primary investment. The Founding team and management will own the balance stake in the Company, a…
CSS Corp, a global customer experience and technology services provider, announced acquiring Directly’s OnDemand business unit, including its next-gen GigCX services platform. OnDemand offers fast and empathetic technical support and customer service for the world’s leading brands, with patented technology and a global network of product and technical experts in a flexible freelance model. Some key…
Zydus Lifesciences Limited announced it has acquired 11.86% stake in AMP Energy Green Nine Private Limited. As per the exchange filing, the company stated, “we hereby inform that in line with the commitment to enhance the share of renewable power source in its operation and to comply with regulatory requirement for being a ‘captive user’…
Godrej Industries Limited(GIL) announced the acquisition additional stake in Godrej Capital Limited (GCL). Post this, the company will hold 87.11% stake in Godrej Capital Limited. “We would like to inform that Godrej Industries Limited (the Company) has made further investment in Godrej Capital Limited, its subsidiary on March 16, 2022. Consequently, the Company now holds…
Anupam Rasayan India Ltd. (ARIL), a custom synthesis and specialty chemical company, announced the consummation of recently announced acquisition. The Company has completed the acquisition of 24.96% of the total equity shareholding of and joint control of Tanfac Industries Limited (TIL) from Birla Group Holdings Private Limited (BGH), (a promoter company which is part of…
Reliance New Energy Limited (Reliance), a wholly owned subsidiary of Reliance Industries Ltd, has signed definitive agreements to acquire substantially all of the assets of Lithium Werks BV (Lithium Werks) for a total transaction value of US$ 61 Million including funding for future growth. The assets include the entire patent portfolio of Lithium Werks, manufacturing…
Persistent Systems announced it has entered into an agreement to acquire Princeton, New Jersey-based MediaAgility. MediaAgility is a global cloud transformation services provider with deep expertise building scalable, cloud-based solutions as a Google Cloud Premier Partner. The Company provides cloud-native application development and modernization, analytics and AI, cloud engineering, migrations, and managed services to its’…
Battrixx, the manufacturer of lithium-ion battery packs for e-vehicles, announced that it has acquired 100 per cent stake in Pune-based Varos Technology Pvt. Ltd. pioneers in developing and leveraging IOT tools for EV infrastructure and battery management systems. Battrixx, the battery division of Kabra Extrusiontechnik Ltd. which is a part of Kolsite Group, has been…
Giift, a global provider of loyalty management solutions, announced that it has acquired a majority stake in Xoxoday, an India-based fintech company. Giift’s investment will enable Xoxoday to drive the next phase of growth in international markets and improve its technology infrastructure. Giift and Xoxoday’s strategy is to continue to expand technology leadership, increase market penetration…
United Spirits Limited announced it has invested Rs 31.50 crore in Nao Spirits & Beverages Limited. With this investment, Company enters the Indian provenance premium craft gin segment, complimented by its world class premium & luxury gin portfolio of Gordon’s and Tanqueray, the statement said. As an alcohol beverage company, NAO is engaged in the…
Torrent Power Limited announced it has completed transaction of acquisition of 100% Equity Share Capital of Surya Vidyut Limited (SPV), a wholly owned subsidiary of CESC Limited. Surya Vidyut operates 156 MW Wind power plants (the Projects), spread across the states of Gujarat, Rajasthan and Madhya Pradesh. Long-term Power Purchase Agreements (PPAs) for the Projects…
1908 E-ventures Pvt Ltd (an Ador Group Enterprise) has acquired the personal care brand Coccoon. 1908 E-ventures Pvt Ltd. was founded and accelerated by the Ador Group, a 114-year-old diversified business Group. The diversified business Group has over forty years of experience in the manufacturing and distribution of skin care and personal care products, the statement said. 1908 E-ventures…
Bayer announced it has entered into a definitive agreement with Cinven regarding the sale of Bayer’s Environmental Science Professional business for a purchase price of $2.6 billion dollars (2.4 billion euros). “This divestment represents a very attractive purchase price and allows us to focus on our core agricultural business and the successful implementation of our…
Tata Steel Long Products Limited (TSPL) announced the acquisition of 93.71% equity shares in Neelachal Ispat Nigam Limited (NINL), effective March 10, 2022. According to the company’s exchange filing, “This is to inform you that, Tata Steel Long Products Limited (‘TSLP’) and Tata Steel Limited (‘TSL’) have today, i.e. March 10, 2022, executed a Share…