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Following the transaction, which the company expects to close in about a month, Tata Communications' Singapore-based subsidiary Tata Communications International Pte (TCIPL) would acquire 100 percent equity shareholding in Oasis Smart SIM Europe.
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With the acquisition, SAML aims to strengthen its existing Precision Metals & Modules division, and foray into construction equipment, agriculture equipment and material handling markets via complex ‘Spools & turned parts’ for hydraulic valve applications, as per the statement.
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The new entity will be named Amara Raja Design Alpha Pvt Ltd (ARDAPL).
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Siemens is a technology company focused on industry, infrastructure, transport as well as transmission and generation of electrical power.
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Currently, July 1 is the tentative date for the completion of the merger of HDFC Ltd with HDFC Bank. The tentative record date is July 13. Both entities are moving closer to completing all the formalities.
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Given the bank’s track record and execution capabilities, HDFC Bank can positively surprise the Street both in terms of growth as well as profitability post merger
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Following EQT's acquisition of Baring PE Asia in 2022, BPEA was integrated with the EQT platform and is now known as BPEA EQT, operating as EQT's private equity business line alongside EQT's infrastructure and real estate businesses in Asia. It also holds a minority stake in private sector lender RBL Bank
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SML Isuzu's Japanese promoters are looking to exit the company, and have entered into an advanced stage of discussions with JBM Auto for the sale of their stake, the sources said.
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On the rationale behind the acquisition, the company said Motherson will become a Tier 1 to Aerospace OEM (Original Equipment Manufacturer) and proximity to OEM would open further avenues for growth.
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The acquisition allows Capri Loans to expand its footprint in the auto finance market, an official statement said.
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The Delhivery stock kept making loud blips on the mutual fund radar with an 8 percent rise in the market. While Gati lost nearly 17 percent, the AllCargo Logistics stock gained around 18 percent year to date
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The enterprise value of the deal is between $525 million and $535 million, sources told Moneycontrol.
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The proposed transaction relates to AZK4 LLC (acquirer) subscription to and purchase of 2.96 per cent of Zetwerk's shareholding through a combination of primary and secondary transactions, according to a CCI notice.
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The size of the mall is 4.5 lakh square feet.
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With this deal, Timex India will be taking over all the physical stores of Mumbai-based Just Watches and their e-commerce portal Justwatches.com, Timex Group said in a statement.
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While improved profitability and strengthened balance sheet is comforting, the real attraction for the prospective buyer will be IDBI Bank’s large deposit franchise and widely spread branch network.
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The IndiGrid executed a unit purchase agreement on May 12, 2023, for the acquisition of 100 per cent of the units of Virescent Renewable Energy Trust (VRET), in one or more tranches, from the unitholders of VRET.
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The acquisition paves the way for ABFRL to have a comprehensive play in ethnic wear and aligns with the management objective of being a leading player in the space.
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The cost of acquisition is EUR 18 million with upfront EUR 14.5 million plus earn-outs up to EUR 3.5 million, Lupin said.
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Dealmakers need to have a handle on today and optimism about tomorrow. Right now they have neither
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Aryaman Vir, former founder & CEO of MYRE Capital has been appointed as the CEO of Aurum WiseX.
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GCPL has been successful with its market development efforts for under-penetrated categories
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Additionally, the Company's Board of Directors has also given the go-ahead to make an open offer to Unichem Laboratories' public shareholders in order to purchase from them up to 26% of the fully diluted outstanding equity share capital of the said company.
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The bill seeks to subject high-value transactions typically seen in high-tech startups and innovative pharmaceutical sectors to review by the competition regulator; allows CCI to impose penalties on the global turnover of companies.
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National Asset Reconstruction Company Ltd (NARCL) is an asset reconstruction company while India Debt Resolution Company Ltd (IDRCL) provides debt management services to NARCL. Both entities are backed by the Government of India.
