Everlife Holdings Pte Ltd (Everlife), a market access and distribution company in India and South East Asia, has announced the completion of its acquisition of Research Instruments Group (RI), a provider of scientific and laboratory instrumentation in Singapore, Malaysia, Thailand and Vietnam. Founded in 1989, the group has established itself as a trusted partner to the…
Deloitte Consulting announced it has completed the acquisition of substantially all of the assets of BIAS Corporation, a cloud consulting firm that is a leader in the Oracle Cloud Infrastructure (OCI) marketplace. Together, the two organizations will help clients build powerful foundations for the future enabled by Oracle Cloud Infrastructure and Oracle Cloud Applications, the…
Computer Age Management Services Limited (CAMS), a financial infrastructure company for mutual funds, alternative investment funds (AIF) and portfolio managers (PMS) announced the acquisition of majority stake in Fintuple Technologies Private Limited (Fintuple), a Fintech start-up offering platform and API solutions for AIFs, PMSs, Custodians and Distributors. Founded in 2018, Fintuple is a new age…
LT Foods Americas Inc. (LTFA) announced it has acquired 51 per cent stake in Golden Star Trading Inc. The acquisition of Golden Star is in line with the company’s long term growth strategy to expand its product offerings across geographies. LTFA, through this acquisition will be establishing a leadership position in Jasmine Rice via Golden…
SeQuent Scientific Limited (SeQuent), having businesses in animal health sector through its principal operating company “Alivira Animal Health Ltd. (Alivira)”, has completed the acquisition of 100% stake in Nourrie Saúde e Nutrição Animal Ltda (Nourrie) in Brazil. This acquisition has been made through Alivira Saúde Animal Ltda Brazil, a wholly owned subsidiary of Alivira, for…
Nodwin Gaming Private Limited, a subsidiary of Nazara Technologies, announced it has acquired 51 per cent stake in Rusk Distribution Private Limited. According to the company’s exchange filing, “we hereby inform that Nodwin Gaming Private Limited (“Nodwin”), a material subsidiary of the Company, on February 28, 2022, has acquired 5,100 equity shares of Rs. 10/-…
Tata Steel Advanced Materials Limited, a wholly owned subsidiary of Tata Steel Limited, announced it has acquired 90 per cent stake in Ceramat Private Limited. According to the company’s exchange filing, “This is to inform you that, TSAML an indirect wholly owned subsidiary (“WOS”) of Tata Steel Limited, has, today, February 28, 2022, executed a…
Software company Adroit Infotech Limited announced the acquisition of Verso Altima India Private Limited, a specialist Telco BSS-OSS Systems Integrator with operations in multiple countries including Canada, APAC, and Africa, with around 100 employees globally. “This step will enable Adroit Infotech to move closer to its strategic objective to build sustainable organization that remains relevant…
Mahindra Logistics Ltd. (MLL), a Third-Party Logistics (3PL) solution provider in India, announced its acquisition of majority stake in ZipZap Logistics Private Limited, a last-mile logistics service provider operating under its brand ‘Whizzard’. The acquisition will complement MLL’s existing last mile delivery business and EDeL, its Electric Vehicle (EV) based delivery services. Expanding technology based…
Biocon Biologics Ltd., a subsidiary of Biocon Ltd., announced that it has entered into a definitive agreement with its partner Viatris Inc. Accordingly, Biocon Biologics Ltd. (BBL) will acquire Viatris’ biosimilars business to create a unique fully integrated global biosimilars enterprise. Viatris will receive consideration of up to USD 3.335 billion, including cash up to…
Kimberly-Clark Corporation, the pioneer of menstrual hygiene products, announced that it has completed its acquisition of a majority stake in Thinx, Inc., an industry disruptor and the leader in reusable period and incontinence underwear category. The company made an initial minority investment in Thinx in 2019. “Our investment in the success of Thinx represents a…
Bharat Forge Limited, the Pune based Indian multinational, announced that it has entered into a definitive agreement to acquire JS Autocast Foundry India Private Limited (“JS Auto”). Established in 2004, JS Auto is a leading and a preferred supplier of critical machined Ductile Iron castings for the Wind, Hydraulic, Off-Highway and Automotive applications, the statement…
IndiaMart, a B2B marketplace of India, has acquired 26% share capital of IB Monotaro Private Limited. The company acquired 8.1 lakh shares from Emtex Engineering Private Limited for a total consideration of INR 104.2 Cr. Pursuant to this transaction, MonotaRO Co. Ltd. (Japan) will hold 51.6% stake, IndiaMart will hold 26% stake and Emtex Engineering…
Vodafone Group Plc (Vodafone) holds 757.8 million shares in Indus Towers Limited (Indus), equivalent to a 28.1% shareholding. 190.7 million of these shares, equivalent to a 7.1% shareholding, are currently pledged to Indus as part of the security arrangements entered into between Vodafone and Indus (the Security Arrangements) at the time of the merger of…
Refresco Group B.V. (Refresco), one of the largest independent beverage contract manufacturers in the world, and KKR, a global investment firm, announced that KKR has signed a definitive agreement to acquire a majority stake in Refresco, with Refresco’s existing investors, PAI Partners and British Columbia Investment Management Corporation (BCI), maintaining a significant minority position. Founded in 1999, Refresco is…