Acquire

Ustraa’s existing investors — Info Edge, 360 One (formerly IIFL Ventures) and Wipro will become shareholders of VLCC. 

Sun Pharma sets sights on remaining stake in Taro for $38 per share

Taro, whose shares are up 25% in after-hours trading on May 26, has formed a special committee to evaluate the offer.

Bharti Airtel acquires 23% stake in Indus Towers held by subsidiary Nettle Infra

Bharti Airtel now holds a 47.95 percent stake in Indus Towers.

Hinduja Group raises its bid to Rs 9,500 crore for cash-trapped Reliance Capital

The group had made an offer of Rs 8,110 crore in the auction that was held on December 21, sources said.

Tata group in talks with Bisleri to acquire a stake in the packaged water company

It is in a very preliminary stage and would be premature to say a deal would fructify

TVS Motor buys stake in startup founded by Formula 1 driver Narain Karthikeyan

Incorporated in April 2020, the startup operates a digital platform called DriveX that provides two-wheelers to customers on a subscription model for a flexible tenure and on a purchase model along with ancillary services.

Emerging markets like India will gain capital allocation: Dr Reddy’s GV Prasad

Dr Reddy's Laboratories sprung a surprise on Wednesday when it announced that it will acquire the domestic business of Wockhardt Pharma for Rs 1,850 crore

ONGC may have to shell out at least Rs 44,000 cr for HPCL deal

The cash outgo will go towards acquiring the government holding as well as buying an additional 26 percent stake in HPCL via an open offer.

Wipro to acquire Brazil's IT firm InfoSERVER SA for $8.7 mn

IT services major Wipro today signed an agreement to acquire InfoSERVER SA, an IT service provider focussed on the Brazilian market for USD 8.7 million.

Adani Transmission to buy RInfra's western assets for Rs 1,000cr

Adani Transmission has entered into a definitive share-purchase pact with Reliance Infrastructure for acquiring power transmission assets of 3,100 circuit km at an enterprise value of Rs 1,000 crore.

RCom gets Rajasthan HC approval for Sistema acquisition

Reliance Communications today said Rajasthan High Court has approved its deal to acquire Russian conglomerate Sistema's Indian telecom unit, Sistema Shyam Teleservices Ltd (SSTL), that operates under the MTS brand.

Jaquar acquires majority stake in Korea-based Joeyforlife

Jaquar, which has acquired 51 percent stake in luxury shower maker Joeyforlife, said the move would help it to expand its business in South Korea and South East Asian countries.

Will use Discaria buyout to strengthen SA supply chain: Dabur

The company will be used as as a base for local supply chain expansion and perhaps, other acquisitions in future, said Sunil Duggal, Chief Executive Officer, Dabur.

Adani Transmission deal to help GMR Energy pare Rs 324 cr debt

Adani Transmission will acquire 74 percent shares of Maru Transmission Service and 49 percent shares of Aravali Transmission Service of GMR Energy, says Parag Parikh, CFO at GMR Energy.

After DRL-Teva, expect more M&A action in pharma: Prabhudas

Pharma companies are losing market share and such deals help them,says Surajit Pal of Prabhudas Lilladher.

To expand biz in eastern coast to ease cargo traffic: JSW

In an interview with CNBC-TV18, JSW‘s CMD Sajjan Jindal said the company is looking to acquire ports in eastern and western coasts to ease cargo traffic.

Essar Group makes informal offer for Nokia's Chennai plant

The Group has made a non-binding informal offer to buy Nokia's Chennai plant at a discounted price.

Is Vodafone looking to buy Loop Mobile?

However, Loop Mobile is currently active only in the 900 Mhz spectrum and their licenses will be expiring in September 2014. The deal largely hinges on the renewal of that particular license.

RBI to come out with guidelines on foreign banks soon

According to its commitments to the WTO, India allows 12 new foreign bank branches in a year. In India, there were 43 foreign banks operating through a network of 333 branches as of March 2013. Also, 47 foreign banks have representative offices in the country.

Won't takeover Orient Express for now: Indian Hotels

Indian Hotels has been trying to acquire Orient Express since 2007. In November 2012, Orient Express had termed Indian Hotels‘ USD 1.2 billion unsolicited bid as "too cheap".

Hindustan Unilever hits new high; parent ups stake to 67%

London and Rotterdam headquartered Unilever paid Rs 600 a share to acquire additional stake in Hindustan Unilever, which it says has potential for attractive long-term growth.

ABB to acquire US based Power-One for over USD 1 bn

Power and automation technology firm ABB today said it will acquire US-based solar energy company Power-One for over USD 1 billion (around Rs 5,400 crore) to become a global leader in solar photo-voltaic inverters.

PE funds consortium in talks to acquire Reliance Globalcom

A consortium of PE funds including Samena Capital is in advanced stage of negotiations for acquisiton of Anil Ambani Group firm Reliance Globalcom Ltd.

Yes Bank floats 100% subsidiary co, eyes acquisition

Private sector lender – Yes Bank has constituted a 100% subsidiary company christened as Yes Securities India Ltd to kick start its brokerage business by August-September, 2013. According to Jaideep Iyer, senior president – financial management, the lender may also acquire any small broking firm for the same.

M&M to acquire 26% stake in defence JV with BAE Systems

Mahindra and Mahindra today said it will acquire 26 percent stake in its defence joint venture with BAE Systems, ending their three-year old partnership.