Home >> Deals >> M & A


JM Financial picks significant minority stake in India Home Loan

October 21, 2016 | Bruhadeeswaran R

Financial services firm JM Financial Ltd, through its subsidiary JM Financial Products Ltd, is picking a 24.50% stake in India Home Loan Ltd (IHLL), by acquiring full holding of one of the promoters and another's non locked-in shares and preferential allotment, according to a disclosure.

Exclusive: Galaxy Surfactants in sale talks with overseas firms

October 21, 2016 | Ranjani Raghavan

Mumbai-based Galaxy Surfactants Ltd, which makes ingredients for soaps and washing powders, is in talks with overseas firms to sell a controlling stake, at least three people familiar with the development told VCCircle. 

HCL Tech to acquire Butler America Aerospace for $85 mn

October 21, 2016 | TEAM VCC

HCL Technologies Ltd said on Friday it has agreed to acquire US-based engineering and design services provider Butler America Aerospace LLC, a wholly owned subsidiary of Butler America Inc., for $85 million (Rs 567 crore) in cash.

Wipro to acquire US cloud services firm Appirio for $500 mn

October 20, 2016 | TEAM VCC

Wipro Ltd has agreed to buy US-based cloud services company Appirio Inc. for $500 million (Rs 3,340 crore) in cash, as India's third-largest software services exporter continues to strike acquisitions overseas to strengthen its offerings in new technologies.

Exclusive: YAPP Digital buys influence marketing firm Soinsi

October 20, 2016 | Disha Sharma

Content marketing startup YAAP Digital Pvt. Ltd has acquired Soinsi, run by FFC Information Solution Pvt. Ltd, an influence marketing and celebrity engagement firm, to give a boost to its content discovery. Financial details of the transaction were not revealed.

OrbiMed-backed Eurolife Healthcare to buy Baxter's form-fill-seal infusion biz in India

October 20, 2016 | Joseph Rai

Indian specialty pharmaceuticals company Eurolife Healthcare said it will acquire the form-fill-seal (FSS) infusion business from Baxter India, a subsidiary of US-based medical products company Baxter International, for an undisclosed amount.

Japan’s Dai-ichi eyes stake in Union Bank of India’s mutual fund biz

October 20, 2016 | PTI

Japanese financial services major Dai-ichi Life Insurance has evinced interest in buying some stake in Union KBC Asset Management and is in preliminary talks with the fund house's current majority shareholder Union Bank of India.

Quess Corp to acquire stakes in Singapore's Comtel, two Indian firms

October 20, 2016 | TEAM VCC

Quess Corp has agreed to acquire minority stakes in two Bengaluru-based companies and a majority stake in a Singapore firm, as the business services provider part of Canada's Fairfax Group continues to follow its 'string of pearls' acquisition strategy for expansion.

Cerestra buys Alexandria Knowledge Park for $60 mn

October 19, 2016 | TEAM VCC

Cerestra Advisors Ltd, a real estate-focused private equity firm, has bought an office park - Alexandria Knowledge Park – in Hyderabad for Rs 400 crore ($60 million) as it kicks off work on creating a pool of office assets in India, a person privy to the development told VCCircle.

ibibo to merge with MakeMyTrip; Naspers-Tencent to own 40% stake in combined biz

October 18, 2016 | Deepti Chaudhary

In the biggest consolidation move in the online travel agency (OTA) space in India, NASDAQ-listed MakeMyTrip Ltd has agreed to buy ibibo Group, which is co-owned by South African technology group Naspers Ltd and Chinese investment firm Tencent, in a stock deal.

Freshdesk acquires former Google execs’ startup Chatimity

October 18, 2016 | Disha Sharma

San Francisco- and Chennai-based Freshdesk Inc, which provides cloud-based customer engagement software, has acquired Chatimity Software Pvt. Ltd, a social chat platform that uses artificial intelligence (AI) and chatbot technology. Financial details of the transaction were not disclosed.

Online financing platform Lendingkart acqui-hires KountMoney

October 18, 2016 | Disha Sharma

Fintech startup Lendingkart Group has acqui-hired KountMoney, an online lending marketplace for personal loans, to boost its technology and data analytics capabilities.

Analjit Singh-led firm buys 51% in restaurant chain Riga Foods

October 18, 2016 | Debjyoti Roy

Billionaire Analjit Singh-led Piveta Estates has acquired a 51% stake in Riga Foods, which operates a chain of Italian-cuisine restaurants in Delhi-NCR, for an undisclosed amount.

Exclusive: UK’s Compass renews acquisition bid in Indian catering space

October 17, 2016 | Debjyoti Roy

European catering giant Compass Group PLC is in an early stage of discussions to acquire a leading south Indian corporate catering firm, a person privy to the development told VCCircle.

FirstCry buys Mahindra's BabyOye; gets $34 mn from Mahindra, Adveq & others

October 17, 2016 | Dearton Thomas Hector

Online baby products retailer FirstCry has agreed to acquire auto-to-software conglomerate Mahindra & Mahindra Ltd’s baby-care business BabyOye in a cash-and-stock deal that will help it consolidate its presence in the growing segment through an omni-channel strategy.

Ronnie Screwvala’s UpGrad forays into corporate training, acqui-hires Pyoopil

October 17, 2016 | Binu Paul

Media industry veteran Ronnie Screwvala’s education-technology startup UpGrad has acqui-hired Pyoopil Education Technologies Pvt. Ltd, marking its entry into the corporate training space, it said in a statement. 

Exclusive: More Indian buyers may line up for the remaining bits of Teva’s assets

October 17, 2016 | Ranjani Raghavan

Some more Indian pharma firms may end up buying the remaining bits of Teva Pharmaceuticals’ products across the European Economic Area (EEA) region, two people familiar with the transaction told VCCircle.

ITC to sell US-based cigarette supplier King Maker Marketing

October 10, 2016 | Joseph Rai

Diversified conglomerate ITC Ltd said it will sell its entire 100% stake in its US-based wholly-owned subsidiary King Maker Marketing, which supplies premium quality cigarettes, for about $24 million (Rs 160 crore).

Exclusive: RechargeItNow mandates banker to find a buyer


RechargeItNow, an NCR-based online recharge platform, which till four years ago was considered the market leader in the sector, is looking for a strategic partner.

Piramal to buy five products from Janssen Pharmaceutica for up to $175 mn

October 10, 2016 | TEAM VCC

Ajay Piramal-led Piramal Enterprises Ltd has sealed a deal to buy a clutch of products from Janssen Pharmaceutica NV for up to $175 million, it said on Monday. It joins other Indian pharma companies like Lupin, Cipla and Intas that have inked big overseas deals abroad in the last one year.