February 10, 2017 | Keshav Sunkara
Merger and acquisition activity in India is set to increase in the next few years thanks to consolidation in some sectors and asset sales by debt-laden companies, according to a report by multinational law firm Baker McKenzie and economic advisory firm Oxford Economics.
February 10, 2017 | Deepak Kumar Sahu
Speciality steel maker Usha Martin Ltd is planning to sell its wire and wire rope business.
February 10, 2017 | Joseph Rai
Drugmaker Aurobindo Pharma Ltd has bought four biosimilar products from Swiss firm TL Biopharmaceutical AG, marking its entry into the evolving biosimilar space, a company statement said.
February 09, 2017 | TEAM VCC
Tata Steel Ltd said on Thursday it has signed a definitive pact to sell its UK speciality steel business to Liberty House Group for £100 million ($125.6 million or Rs 838 crore).
February 09, 2017 | Disha Sharma
US-based software company Nuance Communications Inc has acquired Noida-headquartered value-added services provider (VAS) mCarbon Tech Innovations Pvt. Ltd for $36 million in a cash-and-stock deal, a media report said.
February 08, 2017 | Ranjani Raghavan
Less than a year after it raised capital from private equity firm Creador Capital, Gujarat-based drugmaker Corona Remedies Pvt. Ltd is engaged in advanced talks to buy a portfolio of drugs from a multi-national pharmaceuticals company to scale up its business, VCCircle has learnt.
February 08, 2017 | Reuters
Indian drugmaker Cipla Ltd's third-quarter profit beat estimates due to higher sales in the United States, and the company said it was looking for licensing deals and acquisitions to build its speciality medicines pipeline in that market.
February 08, 2017 | Debjyoti Roy
Jain Irrigation Systems Ltd (JISL), the country's largest micro-irrigation firm, has acquired Australian agri-tech firm Observant Pty Ltd, marking its fourth reported acquisition in the overseas market.
The company, however, did not disclose the deal size.
February 07, 2017 | TEAM VCC
Private-sector lender Axis Bank Ltd has signed an agreement to sell its entire 10% stake in Experian Credit Information Co of India for Rs 64 crore ($9.5 million).
February 07, 2017 | Bruhadeeswaran R
Private equity major Kohlberg Kravis Roberts & Co Ltd has agreed to merge hedge fund unit KKR Prisma with Pacific Alternative Asset Management Company (PAAMCO) to create a firm that will offer clients alternative investment strategies through liquid instruments such as mutual funds.
February 06, 2017 | Bruhadeeswaran R
IDFC Bank Ltd, the youngest private-sector bank in the country, has picked up a minority stake in IIFL Holdings Ltd for about Rs 503 crore ($75 million).
February 03, 2017 | Ranjani Raghavan
Mumbai-based Super Label Mfg Co, which makes pressure sensitive labels for Indian consumer products and healthcare customers, has agreed to sell a 70% stake to Pacman-CCL, a joint venture between Canada-based CCL Industries and Dubai-based Albwardy Investment, it said in a statement.
February 03, 2017 | Bruhadeeswaran R
Mumbai-based listed housing finance firm Dewan Housing Finance Corporation Ltd (DHFL) is seeking to acquire a small lending company to diversify its asset base and increase its financial inclusion agenda, two persons familiar with the development told VCCircle.
February 03, 2017 | Joseph Rai & Ranjani Raghavan
Strides Shasun Ltd and SeQuent Scientific Ltd have agreed to merge some of their bulk drugs businesses and separately sell a few others to sharpen their focus, the two drugmakers said on Friday.
February 03, 2017 | Joseph Rai
Diagnostics chain operator Metropolis Healthcare has acquired Gujarat-based Sanjeevani Pathology Laboratory in an all-cash deal as the private equity-backed firm seeks to strengthen its presence in the western region of the country, a company statement said.
February 02, 2017 | Ranjani Raghavan
Kerala-based IT company QBurst Technologies has sold its Polish arm to TenderHut SA for an undisclosed amount.
QBurst Poland was the development division of QBurst Technologies, an IT company that also has centres across Kochi, Chennai and Thiruvananthapuram.
February 01, 2017 | Joseph Rai
Japan’s JTEKT Corp on Wednesday inked an agreement to buy out its Indian joint venture partner from auto component maker Sona Koyo Steering Systems Ltd and made an offer to acquire additional stake from public shareholders.
February 01, 2017 | Arti Singh
DoubleYou Technologies Pvt Ltd, the Gurgaon-based company behind dating app Woo, has acquired Los Angeles-based Dus, for an undisclosed sum, the company said in a statement.
January 31, 2017 | Bruhadeeswaran R
Gold’s Gym India, a master franchisee of the US-based fitness firm Gold's Gym Franchising Inc, is looking to expand into neighbouring countries to consolidate its position in the region, a top executive told VCCircle.
January 31, 2017 | Dearton Thomas Hector
French e-payments firm Ingenico Group has agreed to buy Mumbai-based TechProcess Payment Services Ltd, the companies said on Tuesday, as Indian fin-tech companies continue to attract investors.