Page 8 - Acquisition

Equity management firm Qapita acquires ESOP Direct in all cash-deal

Pune-based ESOP Direct provides solutions in equity compensation

Mergers & acquisitions on rise as startups diversify into newer spaces

The second half of 2022 will see further consolidation as established start-ups look for M&A opportunities at attractive valuation to increase market share

Wipro's Q1 net profit declines 21% over acquisitions, talent cost

Despite a below-expectation showing, IT major expects double-digit growth in FY23

Shiprocket buys Arvind's omnichannel unit in Rs 200 cr stock-and-cash deal

Companies aim to reduce delivery time and improve customer experience by combining their expertise

Tube Investments gains 4% as arm acquires majority stake in an EV startup

The company to buy 65.2 per cent stake in lPL Tech Electric Private Limited a startup engaged in manufacturing and sale of electric heavy commercial vehicles.

We are looking at being distinctive as a bank: Axis Bank MD & CEO

In a Q&A, Axis Bank MD & CEO Amitabh Chaudhry says bank's core leadership is focused on 19 transformative initiatives, at both business and functional levels in order to become better execution engine

Musk demands months for trial prep in Twitter suit after withdrawal: Report

Tesla CEO Elon Musk fired back Friday at Twitter's lawsuit seeking to force him to complete his $44 billion acquisition of the platform, according to multiple news reports

Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia

As part of the acquisition strategy, upGrad Rekrut, a 100 per cent subsidiary of upGrad, has acquired Wolves India, a recruitment and staffing firm, for an undisclosed amount

Dabur India acquires entire stake in Asian Consumer Care from JV partner

Dabur held 76 per cent stake in the firm before acquisition through its subsidiary Dabur International, while the remaining 24 per cent was held by Advanced Chemical Industries, the company said.

Infosys to acquire Denmark-based BASE life science for Rs 875 crore

Infosys on Wednesday said it will acquire Denmark-based BASE life science for about 110 million euros (Rs 875 crore) in an all-cash deal. The acquisition will deepen Infosys' expertise in life sciences domain as well as strengthen its footprint across Europe. "This acquisition augments Infosys' deep life sciences expertise, and expands our footprint further in the Nordics region and across Europe, and scales our digital transformation capabilities with cloud-based industry solutions. "We are excited to welcome BASE life science and its leadership team into the Infosys family," Infosys president Ravi Kumar S said. The deal is expected to close during the second quarter of current fiscal. BASE brings to Infosys, domain experts with commercial, medical, digital marketing, clinical, regulatory, and quality knowhow. "Backed by a team of data science specialists, BASE is at the frontier of the latest technological developments and trends. It has a strong focus on Data & AI, and the ...

CDPQ buys add'l 10% in Mumbai-based Apraava Energy at Rs 660 cr deal value

With this, the Canadian pension fund's stake in the firm goes up to 50%

Tata Steel completes Rs 12,100 cr acquisition of NINL via step-down arm

Apart from a 1.1 mt plant, Neelachal Ispat Nigam has iron ore mines with reserves of 90 million tonnes and 2,500 acres of land providing scope for future expansion

Global BPM player WNS acquires enterprise automation firm Vuram for $165 mn

Founded in 2011, Vuram has 900 employees at various locations in India, US, Mexico, Australia, Canada, and UK

Zetwerk buys Pinaka Aerospace to expand defence manufacturing business

Zetwerk has made two other acquisitions and the total value of all three deals is approximately Rs 100 crore

JB Chem gets board approval to acquire Dr Reddy's 4 brands for Rs 98 cr

JB Chemicals & Pharmaceuticals on Thursday said its board has approved a proposal to acquire four paediatric brands from Dr Reddy's Laboratories for about Rs 98 crore. The company's board at its meeting held on June 29, has considered and approved the acquisition of a portfolio of brands, for use sales within India, from Dr Reddy's Laboratories, the drug maker said in a regulatory filing. The company has inked a pact with Dr Reddy's Laboratories to acquire four of its brands -- Z&D, Pedicloryl, Pecef and Ezinapi -- for the India market, it added. All four brands are focused on the paediatric segment in the country with a total covered market size of Rs 1,800 crore as per IQVIA data, JB Chemicals & Pharmaceuticals said. The combined sales of these brands stood at around Rs 33 crore for FY 2021-22, it added. The acquisition, which will be funded primarily through long-term debt, will be completed in the next few working days, the drug firm stated.

Biocon to buy 26% stake in AMPYR Renewable Energy Resources Eleven

The company has entered into an agreement for the purpose of "acquisition of solar power by acquiring equity stake up to 26 per cent in AREREPL", it said.

Shiprocket's logistics volume to grow 40% after Pickrr acquistion: CEO

Shiprocket is acquiring a majority stake in Pickrr for an estimated $200 million in cash, stock and earn-out

HDFC Bank-backed Lentra acquires AI startup TheDataTeam for undisclosed sum

The deal involves the acquisition of the customer intelligence platform Cadenz

Pine Labs acquires API fintech startup Setu in $70 mn-$75 mn deal

Merchant commerce platform Pine Labs on Thursday announced the acquisition of Bengaluru-based API fintech startup Setu in a deal valued at USD 70-75 million

PwC India to buy salesforce consultancy Venerate Solutions for unknown sum

Deal aligns with PwC's move to invest in digital transformation and strategic alliances