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Clari5 will operate as a wholly-owned subsidiary of Perfios, with its leadership team continuing to run the business independently
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Seven Technology-owned Dinie provides embedded finance solutions for MSMEs in Brazil through digital and e-commerce platforms
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Domestic segment accounted for 72.4 percent of the overall deal value, emerging as the largest category within the M&A landscape, as revealed in Forvis Mazars in India's latest M&A Deal Tracker Report, adding that it was the only category to experience growth in deal volume during this period
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The merger with its subsidiary has little economic benefit to Aditya Birla Capital. But the company has several factors working for it, from digital initiatives to robust asset quality that could reward investors in the coming quarters
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In 2018, TPG Capital invested around $135 million in Sai Life Sciences and the private equity firm currently holds a 43.4 percent stake
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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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Adani Power had, in August last year, announced the Rs 7,017 crore-deal to acquire DB Power. However, it kept pushing the deadline to complete the acquisition.
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As per the changes being proposed, turnover would mean the global turnover derived from all products and services by a person or an enterprise, instead of the domestic turnover.
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Badshah Masala has become a subsidiary of Dabur "with effect from today", a regulatory filing stated. The majority stake was acquired for a cash consideration of Rs 587.52 crore.
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The company has acquired Jaiprakash Associates’ cement assets for enterprise value/ tonne of $73/ tonne – the cheapest preliminary valuation witnessed in nearly five years
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The deal size is estimated to be above $500 million, sources said.
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The investments of Kotak Special Situations Fund typically involve a combination of debt, equity and mezzanine instruments and it primarily targets distressed/stressed or special situation opportunities. It has earlier invested in Nuvoco Vistas, Jindal Stainless, Gold Plus Glass Industry and Sify’s Data Center business.
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The open offer will be aimed at acquiring another 26 percent stake in NDTV, said AMG Media Network, which is owned by Adani Enterprises.
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TCPL has announced the merger of all businesses of Tata Coffee with itself or its subsidiaries as part of a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies.
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The clarification comes against the backdrop of reports which claimed that the government has received bids from JSW Steel and Jindal Steel and Power Ltd to acquire the loss-making Pawan Hans.
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Deal activity grew by 5.6 per cent in value terms in January-March 2022 compared to the first quarter of 2021, making it the highest first-quarter period since 2018 when it was $31.1 billion.
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The transaction comes into effect from April 1 and is expected to close by May 2022, Aurobindo Pharma said.
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With this acquisition, BabyChakra said, it will expand its regional footprint across 9 different languages with a target to reach 75 million mothers by the 2022-end.
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KKR announced the acquisition of a 60 percent stake in Ramky Enviro (recently re-branded as Re Sustainability) in August 2018 for $530 million. Back then, it was the largest buyout by a PE fund in India’s environmental services sector.
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TTK Prestige noted that further investments would be made in Ultrafresh in due course "to increase its stake up to 51 percent", as and when the funds would be required by the company.
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At 3pm, MMTC stock was trading at Rs 63 on BSE, up 12% from its previous close, while Tata Steel Long Products gained 7% to Rs 772.
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Accommodative monetary policies from the U.S. Federal Reserve fueled a stock market rally and gave company executives access to cheap financing, which in turn emboldened them to go after large targets.
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In January 2019, AION Capital Partners, a joint venture between Apollo Global Management & ICICI Venture had acquired IGT Solutions. Other than travel and hospitality, IGT Solutions also operates in segments like land transportation, logistics, and cargo, e-commerce, and gaming. It is led by CEO Vipul Doshi and Utsav Baijal, Head of India Private Equity at Apollo Global is part of the company’s board of directors.
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TVS SCS has been making headlines for a while now. In the last three months, it has raised nearly Rs 1,600 crore from private investors.
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Deal proceeds are likely to be used by IRB Infra for deleveraging its balance sheet and growth plans. On October 21, IRB Infra had intimated the stock exchanges that its board of directors would meet on October 26 to consider and approve fundraising plans.
