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M&A

Tech Mahindra to acquire UK's Target Group for up to $175 mn

May 28, 2016 | TEAM VCC

Software services firm Tech Mahindra Ltd has agreed to acquire the UK-based fintech firm Target Group in an all-cash deal valued up to £120 million ($175 million or Rs 1,175 crore) including debt to boost its offerings in the banking and financial services segment.

RPG Life Sciences sells biotech business to Intas Pharma

May 27, 2016 | Anuradha Verma

Mumbai-based RPG Life Sciences Ltd, an integrated pharmaceutical firm operating in the domestic and international markets in the branded formulations, global generics, synthetic and fermentation APIs space, has decided to offload its biotech unit to Intas Pharmaceuticals Ltd for Rs 25 crore (over

IL&FS Transportation to divest 15% more in Gujarat road project

May 26, 2016 | Anuradha Verma

IL&FS Transportation Ltd (ITNL) has signed an agreement with MAIF Investment, which is part of Australia’s Macquarie Group Ltd, to dilute its stake in special purpose vehicle (SPV) Gujarat Road and Infrastructure Company Ltd (GRICL) for Rs 109.78 crore, as per a stock market disclosure.

Dr. Reddy's acquires six consumer healthcare OTC brands in US

May 25, 2016 | TEAM VCC

Dr. Reddy's Laboratories Ltd has acquired a portfolio of half a dozen over-the-counter (OTC) drug brands from American drugmaker Ducere Pharma to enter the branded consumer health business in the US, it said on Wednesday.

It did not disclose the deal amount.

Bayer's $62 bn buyout bid for Monsanto triggers open offer rally in Indian listed arm

May 24, 2016 | Anuradha Verma

German pharmaceutical and chemicals giant Bayer AG has made a $62 billion offer to buy US-based seed conglomerate Monsanto Co, in one of the largest takeover bids by a German firm and the biggest all-cash acquisition offer on record.

Heritage Foods to acquire assets of Teja Dairy

May 24, 2016 | Debjyoti Roy

Hyderabad-based Heritage Foods Ltd has agreed to acquire assets of Teja Dairy in Raichur district of Karnataka, it said in a stock market disclosure.

Bids for Tata Steel UK business set to be finalised

May 23, 2016 | PTI

Formal bids for Tata Steel's loss making UK assets are set to be finalised on Monday, with a shortlist being drawn up in next few days and UK business secretary Sajid Javid set to fly out to Mumbai to hold talks with the Indian conglomerate to discuss the final bids.

TVS Automobiles buys majority stake in auto parts portal Jazzmyride

May 23, 2016 | Disha Sharma

TVS Automobiles Solutions Ltd, which operates a multi-brand car servicing chain under the MyTVS brand, has picked up a majority stake in automobiles accessories portal Jazzmyride.com in a deal that gives it a toehold in the e-commerce segment.

Shailesh Haribhakti-led MentorCap debuts as private investor

May 20, 2016 | Manu P Toms

The boutique investment and advisory services firm MentorCap Management Pvt Ltd, chaired by Shailesh Haribhakti, has begun picking stakes in privately-held small and medium companies.

​Redington raises stake in Turkish IT supply chain firm Linkplus to 80%

May 19, 2016 | Anuradha Verma

Telecom and IT products distributor Redington (India) Ltd has raised its stake in Turkish company Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret AS to 80% from 70% for $1.15 million (about Rs 7.7 crore).

Tatas to sell 74% of data centre biz to ST Telemedia for $635 mn

May 19, 2016 | TEAM VCC

Tata Communications Ltd will sell a majority stake in its data centre business to Singapore Technologies Telemedia for about $635 million including debt, as it joins other Tata Group companies selling overseas assets to cut borrowings and consolidate operations.

Indian Hotels plans to sell Taj Boston for at least $125 mn

May 18, 2016 | TEAM VCC

Indian Hotels Company Ltd has decided to sell the Taj Boston hotel, in the latest planned sale by the diversified Tata Group as it sheds loss-making assets.

China’s Jiangsu Longzhe offers to invest $125 mn in Diamond Power

May 17, 2016 | TEAM VCC

Jiangsu Longzhe Technology and Trade Development Co Ltd has offered to invest $125 million (about Rs 825 crore) in Diamond Power Infrastructure Ltd, the Indian electrical-equipment maker said.

China’s Fosun bids for KKR-backed Gland Pharma

May 16, 2016 | Joseph Rai

Shanghai Fosun Pharmaceutical (Group) Co Ltd said on Monday it has made a non-binding offer to acquire Gland Pharma Ltd, an Indian drugmaker part-owned by private equity giant KKR & Co.

Exclusive: Journalist Sandeep Budki buys out The Mobile Indian

May 14, 2016 | Anushree Bhattacharyya

Journalist and managing editor of The Mobile Indian Sandeep Budki has bought the news website owned by Banyan Netfaqs Pvt. Ltd, a Delhi-based digital news company.

Piramal Enterprises to acquire four Pfizer brands for $16.5 mn

May 13, 2016 | Joseph Rai

Piramal Enterprises Ltd said on Friday it has agreed to purchase four brands from drugmaker Pfizer Ltd for Rs 110 crore ($16.5 million), making this the billionaire Ajay Piramal-led company’s third acquisition in the consumer healthcare segment in the past six months.

Power transformer maker Marsons to pick stake in Dubai-based firm

May 13, 2016 | Anuradha Verma

Kolkata-based power transformer maker Marsons Ltd has agreed to acquire a considerable equity stake in a Dubai-based trading company for about $5 million, as per a stock market disclosure.

Discovery to acquire Sanjeev Kapoor's food channel

May 12, 2016 | Anushree Bhattacharyya

Discovery Communications India Pvt. Ltd—which is part of Discovery Communications, Inc that offers non-fiction TV programmes through more than 50 channels—has agreed to acquire a majority stake in Turmeric Vision Pvt. Ltd, which runs food channel Food Food, it said in a statement.

Education startup FitKids acquires learning provider ThinkLABS

May 11, 2016 | Debjyoti Roy

Bangalore-based education startup FitKids said on Wednesday it has acquired ThinkLABS, a science and technology education provider, for an undisclosed amount.

The company funded the all-cash deal from internal resources, FitKids said in a statement.

On-demand chauffeur provider DriversKart acquires Driven

May 11, 2016 | Nishant Sharma

Chennai-based on-demand chauffeur provider DriversKart has acquired Mumbai-headquartered rival Driven to expand its network, in the second acquisition in the nascent but growing segment.

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