Page 3 - Mergers And Acquisitions

Mphasis acquires US-based Blink UX for $94 mn in an all cash deal

Founded in 2000, Blink has over two decades of expertise using its evidence-driven Design SM process to define digital user experience for clients

HDFC Life acquires Exide Life Insurance in Rs 6,687-crore deal

Move will augment the embedded value of HDFC Life by 10%

Aon increases stake to 100% in Aon India Insurance Brokers

Aon had acquired a 49 percent stake from former Infosys Chairman N R N Murthy's Catamaran Ventures in 2020

Prosus buys Indian payments company Billdesk for $4.7 billion

Technology investor Prosus NV purchases 100% of the equity in Indian payments platform Billdesk for $4.7 billion.

Suumaya Industries acquires 51% stake in agritech startup payAgri

Suumaya Industries Ltd on Tuesday said it has acquired 51 per cent stake in agri-tech startup payAgri Innovations to expand its farm business. The company did not disclose the deal value. Suumaya Industries, which is into textile business, has recently ventured into agri-commodity business through its 100 per cent subsidiary Suumaya Agro Ltd. Mumbai-based Suumaya Industries, which is listed on the NSE, had posted a net profit of Rs 406 crore and a revenue of Rs 4,263 crore during the last fiscal. The company, through this subsidiary, has acquired a majority of 51 per cent stake in payAgri Innovations Pvt Ltd, a tech-driven agri and food business firm that seeks to address the problems of farmers, processors and consumers in the agri value chain, Suumaya Industries said in a statement. Ushik Gala, Chairman and Managing Director of Suumaya Industries, said, the company has embarked onto an ambitious journey with Suumaya 2.0 strategy. "Diversifying into the agri business is a new pa

Reliance Industries may buy Deutsche Telekom arm for $5.9 billion

A deal for T-Mobile Netherlands would represent a rare purchase in Europe for Mukesh Ambani's group.

Deal activity in H1 2021 at $40.7 bn, down 14% over year-ago period

When compared with the second half of 2020, the $40.7 billion investments were a mere 2 per cent increase

Tata Sons subsidiary to buy 43.3% stake in Tejas Networks for Rs 1,850 cr

Tejas Networks said Panatone and some other companies of the Tata Group would make a public announcement to acquire up to 40.3 million equity shares of Tejas Networks

Zoom to buy cloud-based call centre operator Five9 in $15-billion deal

Teleconferencing services provider has become a household name and investor favorite since the coronavirus pandemic.

Investment fund Synergy Metals gets CCI nod for stake buy in JSW Cement

Unlisted JSW Cement currently has a capacity of 14 million tonne

Paytm president Amit Nayyar, other top executives quit ahead of IPO

Paytm is headed for a $2.3-billion IPO by the end of 2021

Nasper-backed PayU in talks to acquire BillDesk for up to $4 billion

Media reports have said Paytm, which will soon come up with its initial public offering (IPO), is also evaluating BillDesk

Blackstone to buy out office developer SOHO China in $3-billion deal

The founders of the Chinese office developer will retain a 9% stake in the company

Global M&A activity surges to record high for third straight month

During the five months, 428 deals worth over $1 billion were struck, compared to 131 during the same period last year.

Covid impact: Million-dollar M&A deals sealed over phone, Zoom calls

Some buyers are insisting on a clause in the agreement that the whole deal hinges on physical verification at a later date with some part of payment kept in escrow

IndiGrid March-quarter net down 31% to Rs 69 crore due to acquisitions

Infrastructure investment trust IndiGrid on Thursday reported a 31 per cent drop in consolidated net profit at Rs 68.69 crore for the March quarter, impacted by expenditure on acquisitions.

Deal numbers touch a decadal high in April despite second Covid wave

Deal numbers, including private equity investments and mergers and acquisitions, touched a decadal high for any month at 161 in April, even as the country faced the second wave of the COVID-19 pandemic, a report said on Tuesday. The total value of the transactions in April stood at over USD 13 billion, the report by Grant Thornton, a consultancy, said, pointing out that domestic M&A transactions led the pack by reporting over 30 transactions aggregating to USD 5 billion. Even though the second wave started earlier, the infections rose very fast across large parts of the country in April and the country has reported 4 lakh new infections and 4,000 deaths a day. The second wave has overwhelmed the healthcare apparatus in many places, and has led to localised lockdowns in 20 states which dent the economic activity. The benchamrk stock indices have also not witnessed any serious dent since the second wave despite it leaving more devastation, leading many to wonder about the apparent ..

International tech firm Startek announces $30 mn investment in CSS Corp

Startek employs over 18,000 people in India across BPM centres and 40,000 in 13 countries.

M&A pick-up: Feb numbers top current fiscal with 44 deals worth $4 bn

Consumer, retail and food segment topped the charts in terms of both, deal volumes and value

M&A deal activity in 2020 jumps 33% to $36.9 billion, says report

Cross-border deal volumes fell 19 per cent compared with the previous year but the deal values jumped two times over 2019 to $21 billion