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M&A

OMA Emirates hunts for more acquisitions in India after MobiSwipe deal

February 24, 2017 | Bruhadeeswaran R

OMA Emirates Group aims to strike more acquisitions in India’s payments services segment after buying a controlling stake in MobiSwipe Technologies Pvt Ltd earlier this month, a top executive said.

SoftBank, Foxconn form joint venture to expand investments

February 24, 2017 | TEAM VCC

Japan's SoftBank Group Corp and Taiwan's Foxconn have agreed to form a joint venture, as the two large Asian technology companies expand their ties.

Varun Beverages raises stake in Zambia unit

February 24, 2017 | Debjyoti Roy

Varun Beverages Ltd, the largest bottler for PepsiCo Inc in India, has increased its stake in its Zambia subsidiary to 90% to benefit from fast-paced growth in the African nation.

SoftBank denies interest in Vodafone-Idea merger

February 23, 2017 | Reuters

Japan's SoftBank Group (9984.T) on Thursday denied it was in talks with Vodafone Plc's (VOD.L) Indian unit and Idea Cellular (IDEA.NS) to pick up a stake in a potential merger between the two Indian wireless carriers.

Bharti Airtel to acquire Telenor India as Jio threat grows

February 23, 2017 | Mansi Taneja

Bharti Airtel Ltd said on Thursday it will acquire the local unit of Norwegian operator Telenor ASA, in the latest consolidation move in India’s telecom sector triggered by the entry of billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd.

Bharti Airtel picks up stake in fintech startup Seynse

February 22, 2017 | Arti Singh

Telecom major Bharti Airtel has acquired a strategic stake in Goa-based financial technology startup Seynse Technologies Pvt. Ltd, it said in a statement.

The value of the investment is not disclosed.

Exclusive: SMILE Microfinance on the block

February 22, 2017 | Bruhadeeswaran R

Chennai-based SMILE Microfinance Ltd is up for sale with both its majority shareholder, US fund manager Developing World Markets (DWM), and its founder looking to exit the company.

Verizon, Yahoo cut deal price to $4.48 bn

February 21, 2017 | Reuters

Verizon Communications Inc, the No. 1 U.S. wireless carrier, said on Tuesday it agreed to buy the core internet business of Yahoo Inc for $4.48 billion, about $350 million less than the original price.

Kraft's dropped Unilever bid extends run of failed mega-deals

February 21, 2017 | Reuters

Kraft Heinz's dropped bid to buy Unilever is the third-largest M&A deal to collapse, according to Thomson Reuters data, adding to a recent run of failures that highlights the appetite for the pursuit of audacious mega-mergers.

Rosneft-led group plans to complete Essar deal next month

February 21, 2017 | Reuters

A consortium led by Russian oil major Rosneft plans to finally complete its $12.9 billion acquisition of India's Essar Oil next month, two Russian sources close to the deal told Reuters.

Eveready may bring strategic partner for packet tea unit

February 20, 2017 | Debjyoti Roy

Eveready Industries India Ltd, the largest maker of dry cell batteries in India, said on Monday it may consider demerger of the packaged tea business into a wholly owned subsidiary or may look for a strategic partner.

McNally Bharat to buy 60% stake in Neemrana realty project, sell 30% stake to Pasari family

February 20, 2017 | Joseph Rai

Construction and engineering firm McNally Bharat Engineering Co Ltd will acquire a majority stake in Vedica Sanjeevani Projects Pvt. Ltd for Rs 275 crore (around $40 million), it said in a stock market disclosure.

Pearson CEO Fallon under spotlight as company struggles

February 20, 2017 | Reuters

John Fallon needs to show he has a plan to navigate Pearson through the sinking sands of its main markets when the world's biggest education company reports full-year results.

Inbound China M&A deals surge on high consumer potential

February 20, 2017 | Reuters

Overseas acquisitions by Chinese buyers are cooling after two record years as Beijing reins in capital outflows, but deals into China are on the rise, and new rules will make it easier for foreign buyers to tap China's giant consumer potential.

Exclusive: Day care chain IPSAA Holdings stitches strategic deal

February 20, 2017 | Joseph Rai

Day care chain IPSAA Holdings Pvt. Ltd has acquired a controlling stake in a rival firm as the two companies look to tap into the burgeoning sector driven by a rising number of working professionals, founders of both the companies told News Corp VCCircle.

Havells to buy Lloyd’s consumer durables biz for $230 mn

February 20, 2017 | TEAM VCC

Havells India Ltd has inked a deal to acquire the white goods and electronics business of Lloyd Electrical and Engineering Ltd in the biggest deal in the consumer durable industry to date.

Anand Rathi acquires Religare's wealth management business

February 18, 2017 | Bruhadeeswaran R

Anand Rathi Wealth Management has acquired the wealth management arm of Religare Enterprises Ltd, taking its total assets under management (AUM) to over Rs 13,500 crore, said a company statement.

Unilever rejects $143 bn takeover bid by Kraft Heinz

February 17, 2017 | Reuters

Unilever rejected a surprise $143 billion takeover bid from US food company Kraft Heinz Co on Friday, saying it saw no reason to discuss a deal which it said had no financial or strategic merit.

Exclusive: Packaged foods startup Sattviko acquires StylSpot

February 16, 2017 | Disha Sharma

Rays Culinary Delights Pvt. Ltd, which runs packaged foods company Sattviko, has acquired outfit curation portal StylSpot in order to strengthen its technology platform, a top company executive told Techcircle. 

Weight-loss startup Obino acquires fitness app Fitard

February 16, 2017 | Disha Sharma

Mumbai-based Manna Healthcare Pvt. Ltd, which runs weight loss coaching app Obino, has acquired Fitard, a reward-based fitness tracking app, it said in a statement.

It did not disclose the deal value.  

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