The Ahmedabad Bench of the Hon’ble National Company Law Tribunal approved the scheme of amalgamation of JMC Projects (India) Limited (JMC) with Kalpataru Power Transmission Limited (KPTL). The combined entity will have a significant presence in India and projects in 67 countries, with offerings in well-diversified areas of power transmission & distribution, buildings & factories,…
The Boards of Directors of LTI and Mindtree at their respective meetings held today approved a composite scheme of amalgamation of both these independently listed IT services companies under the Larsen & Toubro Group. The proposed integration will see LTI and Mindtree join strengths to create an efficient and scaled-up IT services provider exceeding $3.5…
The Board of Directors of Kalpataru Power Transmission Ltd. (KPTL) and JMC Projects (India) Ltd. (JMC) in their respective meetings held on 19th February 2022 have approved the scheme of amalgamation which inter alia provides for the merger of JMC with KPTL (Scheme). This merger brings together two leading organizations with unique sets of capabilities…
Solar power developer Adani Green Energy (AGEL) announced that it has completed the acquisition of SB Energy Holdings Ltd (SB Energy India). With this deal, SB Energy India is now a 100% subsidiary of AGEL. Earlier, it was a 80:20 joint venture between Japan-based SoftBank Group Corp and Bharti Group. The transaction pegs SB Energy…
Piramal Enterprises Limited announced the payment of consideration for the acquisition of Dewan Housing Finance Corporation Ltd. (DHFL). Speaking on the development, Ajay Piramal, Chairman, Piramal Group said, “We are very pleased to announce the consideration payment made towards the completion of this exciting acquisition. This accelerates our plans to become a leading digitally oriented,…
The Board of Directors of ZEE Entertainment Enterprises Limited (ZEEL) present and voting in its board meeting held on 21st September 2 021, unanimously provided an in-principle approval for the merger between Sony Pictures Networks India (SPNI) & ZEEL, the company said in its exchange filing. The Board has evaluated not only on financial parameters,…
NortonLifeLock, a global consumer Cyber Safety company, and Avast, a digital security and privacy company, announced that they have reached agreement on the terms of a recommended merger of Avast with NortonLifeLock, in the form of a recommended offer by NortonLifeLock, for the entire issued and to be issued ordinary share capital of Avast. Under…
Exotel, Asia’s largest cloud communication platform, and Ameyo, Asia’s largest contact center platform, announced a merger. The merger creates the largest customer engagement cloud platform in the emerging markets, with a presence in 60 countries and an ARR of 40 million USD, the company said in its release. Speaking about the merger, Shivakumar Ganesan, CEO &…
ixamBee, a leading online learning platform providing best-in-class technology-based learning solutions for competitive exams, has announced the merger of Online Competitive Exam Preparation platform TargetRBI with ixamBee. TargetRBI is an initiative launched in 2012 by former RBI Manager Susheel Ragade helps students achieve their dream banking and finance job. It provides online courses for RBI,…
Legal India Law Services, a full service law firm established in 1999 has announced the merger of boutique compliance and litigation practice S D Services with Link Legal. The compliance practice will offer end to end solution including compliance audit and management services through a technology-based platform. This practice will add great value to the…
TheHackingSchool.com, India’s First Coding Bootcamp, announced merger with iCollege Ltd, an Australia based education company. TheHackingSchool.com is founded by Meraj Faheem, a Hyderabad based serial entrepreneur. This merger will bring iCollege to India and also take the bootcamp style training to multiple sectors in the majority of the locations worldwide where they operate. TheHackingSchool.com is…
Orkla, a leading supplier of branded consumer goods and concept solutions to the grocery sector, specialist retailers, out-of-home sectors and the bakery market, announced it has entered into an agreement to acquire 67.8 percent of the shares in Eastern Condiments Private Limited (Eastern). Orkla already holds a strong position in the Indian branded food market…
Palo Alto Networks, the global cybersecurity leader, announced that it has entered into a definitive agreement to acquire The Crypsis Group, a leading incident response, risk management and digital forensics consulting firm. Under the terms of the agreement, Palo Alto Networks will acquire The Crypsis Group for a total purchase price of $265 million, subject…
Reliance Industries Limited announced that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health Pvt. Ltd. (Vitalic) and its subsidiaries (Collectively known as ‘Netmeds’) for a cash consideration of approximately Rs 620 crores. This investment represents ~60% holding in the equity share capital of Vitalic and 100% direct…
Jubilant Biosys Limited, a wholly owned subsidiary of Jubilant Life Sciences Limited, announced completion of the merger with its sister company Jubilant Chemsys Limited, based in Noida, India. The combined entities will now operate as Jubilant Biosys Limited. The merger will simplify operations and provide customers with a single brand access for a wide range…