Adani Transmission Ltd (ATL), India’s largest private sector power transmission company, announced it has acquired 49% stake in Alipurduar Transmission Limited from Kalpataru Power Transmission Ltd. (KPTL) with agreement to acquire balance 51% after obtaining requisite regulatory and other approvals and in a manner consistent with Transmission Service Agreement. The share acquisition is pursuant to…
Laurus Labs announced it has signed a definitive agreement to acquire 72.55% of Richcore’s shares from Eight Roads Ventures and VenturEast for a value of Rs. 246.7 crores. Richcore, a fast-growing biotech company based in Bengaluru with its advanced R&D and manufacturing facilities, develops and manufactures biotech products critical for manufacturing biological drugs. Richcore also…
HDFC Ltd has said it will acquire 19.9 per cent stake in Renaissance Investment Solutions ARC (asset reconstruction company) Private Ltd for Rs 49.8 lakh, according to PTI report. According to regulatory filing, HDFC Ltd entered into agreements for investment in Renaissance Investment Solutions ARC Private Limited. “The investment would result in holding of 4,98,750…
Kahoot!, the global learning platform company, has announced the acquisition of Drops, one of the fastest growing language platforms in the world. Through this acquisition, Kahoot! plans to further expand its platform and make language learning awesome for millions of Kahoot! users worldwide as well as bring the magic of Kahoot! to Drops users. “We…
GlobalLogic Inc., a leader in Digital Product Engineering, announced that it has acquired ECS Group, a leading digital transformation and DevOps consultancy. Terms of the transaction were not disclosed. Headquartered in London, ECS delivers digital solutions that harness the latest cloud technologies, with a focus on Digital Engineering, Data Analytics and Customer Experience. The company…
CompuGroup Holding USA, Inc., a 100 % subsidiary of CompuGroup Medical SE & Co. KGaA, has announced that it is acquiring 100 % of eMDs, Inc., a leading provider of integrated electronic health records, practice management software, revenue cycle management solutions, and credentialing services for physician practices and enterprises. “Today, CompuGroup Holding USA and MDeverywhere…
EbixCash, a fully owned subsidiary of Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, announced that it has acquired a 70 percent stake in pan-India based BPO company AssureEdge Global Services. AssureEdge is today recognized as the first independent customer retention and customer…
The Western Union Company, a global leader in cross-border, cross-currency money movement and payments, announced that the Company has entered into a definitive agreement to acquire a minority stake in fast growing Saudi Digital Payments Company, or stc pay, a fully owned subsidiary of Saudi Telecom Company. According to the terms of the transaction, Western…
Bharti Airtel announced it will acquire 5.2 per cent stake in Avaada MHBuldhana, a solar power firm, for Rs 4.55 crore. Avaada MHBuldhana Private Limited, a subsidiary of Avaada Energy Pvt. Ltd(AEPL), is a newly-formed company that is developing a captive generating solar power plant in Maharashtra which will become operational by March 2021, Bharti…
Verizon Media and BuzzFeed announced a new strategic partnership across content and advertising, the acquisition of HuffPost by BuzzFeed, and an investment that will make Verizon Media a minority shareholder in BuzzFeed. Additional terms of the deal were not disclosed. From powering new consumer shopping experiences, to content syndication, to innovative ad products, the partnership…
Inspira Enterprise, the leading name in end-to-end IT solutions, known for its path-breaking technologies and a market leader in cybersecurity consultancy, announced the acquisition of SmartCirqls Infotech’s Splunk business unit, well known for their platform capability in Cybersecurity and Big Data Analytics. “Acquiring the analytics business unit from SmartCirqls will consolidate Inspira’s hold in the…
Mphasis, an Information Technology (IT) solutions provider specialising in cloud and cognitive services, announced its acquisition of Datalytyx, a leading next-gen data engineering and consultancy company. Headquartered in London, Datalytyx provides Next-gen Data Engineering, Data Ops and Master Data Management solutions on Snowflake and Talend environments to clients globally. As the first Snowflake Rockies Partner…
Eduvanz, a Mumbai-based finance company that is making education universally accessible by providing easy, transparent and speedy financial assistance using innovative technology solutions, has acquired Klarity, an online one-on-one platform that connects students with professionals in their area of interest to provide video-based mentoring. Financial details of the deal were undisclosed. The acquisition will help…
Ernst & Young announced that Zilker Technology (Zilker), a digital consultancy and systems integrator, has joined the EY organization. The acquisition will help elevate its global e–commerce, digital and cloud capabilities, EY said in a statement. “As businesses continue to tackle large-scale transformation initiatives, this acquisition offers EY clients the unique ability to build engaging,…
Padre Media, a leader in the Digital Publishing space focussed in consumer technology, has announced its latest acquisition of guidingtech.com – a leading technology and how-to site for all things tech. Apart from this, the company also acquired top global YouTube channels Guiding Tech and GT Hindi. “Guiding Tech is a leading technology destination for…