UPL Limited, a producer of crop protection products, intermediates, specialty chemicals and other industrial chemicals, announced it has acquired additional 11.67% equity shares in Weather Risk Management Services Private Limited for Rs 1.18 crores. Weather Risk Management Services Private Limited (WRMS) was incorporated in 2004 in India. It is a deep tech Company focusing on agriculture…
Hinduja Global Solutions Ltd. (HGS) has announced that its subsidiary, HGS International Mauritius, has entered into a definitive agreement to acquire 100% equity stake in Diversify Offshore Staffing Solutions Pty Ltd. (Diversify), Australia. Diversify is an Australian enterprise, providing value-added BPM services, with delivery operations in Philippines. It provides differentiated consumer engagement solutions to its impressive roster…
Adani Ports & Special Economic Zone Limited announced the acquisition of 100% stake in Seabird Distriparks (Krishnapatnam) Private Limited (“Seabird Distriparks”). According to the company’s exchange filing, “We would like to inform that the Adani Krishnapatnam Port Limited, wholly owned subsidiary of the Company has signed Share Purchase Agreement on January 28, 2022 with Seabird…
TVS Motor Company announced the successful acquisition of a 75% stake in the Swiss E-Mobility Group (SEMG). The acquisition reaffirms TVS Motor Company’s commitment to expansion in Europe through a portfolio of premium and technology leading brands, including Norton Motorcycles and EGO Movement, which were recently acquired, according to the company’s statement. SEMG is a market-leading…
SAP SE announced its intent to acquire a majority stake of Taulia, a leading provider of working capital management solutions. The acquisition further expands SAP’s Business Network and strengthens SAP’s solutions for the CFO office. Taulia will operate as an independent company with its own brand in the SAP Group; Cédric Bru will remain CEO of…
J.B. Chemicals & Pharmaceuticals Limited (JBCPL), a pharmaceutical company in India, announced that it will acquire brands for the India market from Sanzyme Private Limited (Sanzyme), a leading player in the probiotics and reproductive health segment in the country. The transaction is valued at INR ~ 628 crore and is expected to be completed in…
Valtech, a global leader in digital services and business transformation, announced it has acquired Absolunet, a professional services firm specializing in commerce and digital transformations. With more than 300 employees and five offices across North America and Europe, Absolunet helps brands, manufacturers and distributors fast-forward their digital transformation to become commerce leaders. This acquisition cements Valtech’s position as…
Hindustan Foods Limited announced the acquisition of 100 per cent equity stake in Reckitt Benckiser Scholl India Private Limited for Rs 73 crores. According to the company’s exchange filing, “please be informed that Hindustan Foods Limited (“HFL” or “the Company”) has executed a Share Purchase Agreement (“SPA”) on january 24, 2022 with Reckitt Benckiser (India)…
Tube Investments of India Limited announced the acquisition of 70% stake in Cellestial E-Mobility Private Limited (Cellestial) for Rs 161 crores. Cellestial is a start-up company engaged in design and manufacture of electric tractors, aviation ground support electric equipment and other electric machinery. According to the company’s exchange filing, “The proposed investment is in line…
IBM and Francisco Partners, a global investment firm that specializes in partnering with technology businesses, announced that the companies have signed a definitive agreement under which Francisco Partners will acquire healthcare data and analytics assets from IBM that are currently part of the Watson Health business. The assets acquired by Francisco Partners include extensive and…
Vaibhav Global Limited, a multi-national electronic retailer and manufacturer of fashion jewelry and lifestyle accessories, announced it has acquired 60 per cent equity share capital in Encase Packaging Private Limited. According to the company’s exchange filing, “We wish to inform you that the Company has executed Share Subscription and Shareholders’ Agreement on 21.01.2022 for acquisition…
Accel Limited, a BSE listed Chennai headquartered, IT services company, has announced that the company is acquiring a substantial minority stake in BizCarta Technologies India Private Limited , a cyber security consulting and services company based in Bangalore, India with operations and customers in USA, Singapore, Australia. “The board meeting held today approved the transaction…
UPL Ltd. and other shareholders in Sinagro Produtos Agropecuarios SA., Brazil, (Sinagro) have announced an agreement in which Bunge Ltd. (Bunge) will acquire a 33% stake in Sinagro to strengthen its grain orientation strategy in Brazil. Sinagro is a major reseller of grains and agricultural products with a significant presence in Brazil’s ‘Cerrado’ savanna region.…
Adani Transmission, an Ahmedabad-based electric power transmission company, announced the acquisition of 100% stake in Karur Transmission Limited from PFC Consulting Limited. According to the company’s exchange filing, “We would like to inform that the Company has signed Share Purchase Agreement with PFC Consulting Limited on 18th January, 2022 for acquisition of its entire stake…
Indian Energy Exchange (IEX), India’s premiere Energy Exchange and Indian Oil Corporation (IndianOil), India’s largest oil refining and fuel marketing firm, announced IndianOil’s strategic equity stakes of 4.93% in Indian Gas Exchange Ltd. IEX has divested 4.93% equity stakes to IndianOil. IEX and NSE (National Stock Exchange) are promoters and other strategic investors in IGX…