Acquisitions

Nucanon's technology will serve as the foundation of Zupee’s new interactive storytelling vertical that will enable creators to develop branching narratives, dynamic characters, and AI-driven worlds that engages audiences at scale.

A91 Partners, Binny Bansal-backed VideoVerse acquired by Minute Media

VideoVerse’s flagship product Magnifi enables sports content owners and rights holders to automatically detect key moments, create highlights in real time, and distribute short-form video content efficiently.

IPO-bound Lenskart acquires Spain-based Stellio, the parent of Meller, for Rs 400 crore

To be sure, over 80 percent of Lenskart’s revenues come from optometric eye care, which includes prescription glasses, contact lenses and more. The remaining comes from accessories and lifestyle products like sunglasses and more.

Nazara subsidiary Absolute Sports buys ITR Wrestling, TJR Wrestling to expand combat sports footprint

The acquisition will also expand Sportskeeda parent's presence in the United States, which has the world's largest pro-wrestling fanbase

BGMI maker Krafton acquires controlling stake in Nautilus Mobile for Rs 118 crore

Nautilus Mobile is Krafton's first acquisition in India. The Pune-based gaming studio is best known for developing the Real Cricket mobile game franchise.

Stocks to Watch: KPI Green, Tata Power, Adani Green, Airtel, coforge in focus on 27 February

Let's catch up on the latest news from the stock market. From significant investments to major deals, appointments, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:

Berger Paints not in race to buy Dulux-maker Akzo India, CEO says 'We're doing a good job on our own'

When asked if Berger would be interested if Akzo comes at a fairer price, Roy replied, "We are interested, but only at a reasonable price."

Nazara Tech's Datawrkz buys London-based growth marketing agency Space & Time

Space & Time is Datawrkz's first acquisition and it is expected to fuel the company's growth ambitions across Europe and North America

Furniture retailer Pepperfry appoints investment banker to explore sale as growth flatlines

The company, last valued at around $330 million, sought a valuation of around $200-220 million when it engaged with potential buyers in the last few months

Top-deck churn at Marico-owned Beardo: CEO goes on sabbatical, other key executives quit

While Beardo's CEO Sujot Malhotra will be away on a year-long sabbatical. Head of Marketing and Head of Finance and Operations, have exited the company, sources told Moneycontrol.

M&A is back. Expect losers to outnumber winners

Many publicly traded companies are now sitting on sizeable cash reserves and borrowing costs appear to be stable. Buyout funds, too, are awash with cash and itching to deploy it. The worry must be that financial firepower, frustration and a fear of missing out make for ill-disciplined acquisitions. Recent history backs the idea that buyers struggle to make megadeals pay

Looking for acquisitions for JSW Cement expansion: Sajjan Jindal

Indian cement makers are bullish on the demand environment amid increased government spending on infrastructure, rural development and expansion of the housing sector

Nazara Technologies announces $100 million war chest for global expansion

Nazara Technologies said it is scouting for investment opportunities in gaming, esports, and adtech areas with a particular focus on established gaming IPs and studios as well as cutting-edge technologies such as web3, Virtual Reality, and artificial intelligence.

A Rs 2,000 crore war chest may come to Paytm’s rescue

Sources say that Paytm is aggressively looking at acquisitions to defend its market share amid the RBI clampdown.

OneVerse acquires online poker platform Spartan Poker

OneVerse plans to spend $120 million to acquire a few more real-money gaming companies in the next three months

Tata Consumer Products: Execution remains the key

Foods portfolio will be the growth engine in the medium to long term

MC Odd Lot | After 5x stock surge, Rose Merc splurges, buys healthcare biz valued at 185x net worth

Shares of Rose Merc, which once sold astro-occult products, have surged 420 percent over the past year

Cement industry ‘under construction’ as leader protects market amid high M&A activity

Analysts expect the bigger players will continue to buy up smaller companies and consolidate to protect and gain market share on expectations of robust demand.

Amagi buys Tellyo business to bolster video toolset for live sports, news broadcast firms

Amagi raised a $100-million investment from private-equity firm General Atlantic at a valuation of $1.4 billion last year.

CCI approves Bharti group's proposal to buy out AXA's 49% stake

The acquisition will be completed by December 2023, which will see Bharti Group taking full control of Bharti AXA Life Insurance; a venture that was jointly run for nearly two decades.

CARE Hospitals to pick majority stake in KIMSHEALTH, gets sold to Blackstone

The unified platform will offer comprehensive care across over 30 clinical specialties, including cardiac sciences, oncology, neurosciences, renal sciences, orthopedics, gastroenterology, and integrated organ transplant services.

MediBuddy eyes mental health-focused ventures for acquisitions: CEO

The management expects the company’s core business to turn profitable by March 2024

MPS Interactive to acquire 65% stake in Australia's Liberate Group for about Rs 49.5 crore

The remaining 35 percent will be acquired in subsequent tranches, "based upon valuation methodology as agreed under the transaction documents", MPS said in an exchange filing.

Sheela Foam confirms acquisition of rival Kurlon, to buy 35% in furniture maker Furlenco

The company is acquiring 94.66 percent of Kurlon Enterprises' stake at an equity valuation of Rs 2,150 crore, and 35 percent stake in Furlenco for Rs 300 crore.

Swiggy acquires Lynk Logistics to strengthen its FMCG, retail distribution biz

With the acquisition Swiggy will look to strengthen its hold in India’s fast-growing food and grocery retail market, which is estimated to be over $570 billion in size as per Avendus.