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M&A

French catering firm Elior acquires MegaBite, CR Caterers

November 21, 2016 | TEAM VCC

French catering services provider Elior Group said on Monday it has struck two acquisitions in India as part of its strategy to expand in emerging markets.

Koovs leads funding action last week; Samsung, Essel Infraprojects in M&A deals

November 21, 2016 | Keshav Sunkara

London Stock Exchange-listed Koovs plc, the parent of online fashion marketplace Koovs, led the funding activity last week as it secured $13.52 million from a clutch of investors including Times Group, Ruffer LLP, Coller Capital and others. 

Reliance Communications sells ethernet business for $28 mn

November 18, 2016 | Ranjani Raghavan

Reliance Communications Ltd (RCom) has sold its ethernet business to a US-based telecommunications firm GTT Americas LLC for $28 million, it said on Friday.

Bharat Forge to buy US-based Walker Forge for $14 mn

November 18, 2016 | PTI

Auto components major Bharat Forge will buy US-based Walker Forge Tennessee LLC (WFT) for USD 14 million (around Rs 95 crore), a move aimed at expanding its product range in automotive and other industrial segments.

Exclusive: Fairfax-backed Sanmar close to acquiring a chemical plant down South

November 17, 2016 | Bruhadeeswaran R

Chennai-based Sanmar Group, backed by Fairfax India Holdings Corporation, part of India-born Canadian billionaire Prem Watsa's Fairfax Group, is in an advanced stage of discussions for acquiring chemical plants in a neighbouring state, a person familiar with the development told VCCircle.

Inditrade to buy Edelweiss’ commodities trading unit

November 17, 2016 | Bruhadeeswaran R

Brokerage firm Inditrade Capital Ltd said on Thursday a unit has agreed to acquire Edel Commodities Trading Ltd (ECTL), a step-down subsidiary of Edelweiss Financial Services Ltd, in a cash-and-stock deal.

India Infoline to acquire Samasta Microfinance

November 17, 2016 | Bruhadeeswaran R

India Infoline Finance Ltd will acquire Samasta Microfinance Ltd to enter the microfinance segment and extend its offerings, the non-banking finance company’s parent said on Thursday.

DEN Networks sells another 25% stake in Delhi Dynamos to ship recycling group GMS

November 16, 2016 | Ranjani Raghavan

Goldman Sachs-backed cable television distribution company, DEN Networks Ltd has sold an additional 25% stake in the Indian Super League (ISL) football club Delhi Dynamos to Wall Street Investments Ltd, it said on Wednesday.

LafargeHolcim ups stake in ACC, Ambuja Cements for $320 mn

November 15, 2016 | TEAM VCC

LafargeHolcim, the largest cement producer in the world and the second-largest in India behind UltraTech Cement Ltd, has raised its holding in its two flagship local companies—ACC Ltd and Ambuja Cements Ltd—for around Rs 2,149 crore ($320 million).

Religare Finvest in big one-time bad loans write-off

November 15, 2016 | Bruhadeeswaran R

Religare Finvest Ltd (RFL), a material subsidiary of Religare Enterprises Ltd, has decided to write off around Rs 794 crore (around $117 million) owing to non-receipt of dues related to some loans sanctioned by the non-banking financial company, it said in a statement.

Future Consumer picking 50% stake in wholesale retailer Booker Group’s Indian arm

November 15, 2016 | Debjyoti Roy

Future Consumer Ltd, the fast moving consumer goods (FMCG) arm of Kishore Biyani-led Future Group, is getting into the cash and carry (wholesale) business in a joint venture (JV) with the UK-based Booker Group.

RIL's partner Niko puts KG-D6 stake for sale

November 14, 2016 | PTI

Reliance Industries' partner Niko Resources of Canada has put on sale its 10 per cent stake in the flagging KG-D6 gas block off the east coast.

AON Hewitt buys Ojas Venture Partners-backed CoCubes

November 14, 2016 | Arti Singh

Human capital and management consulting services firm Aon Hewitt has acquired Gurgaon-based CoCubes Technologies Pvt Ltd, which owns and operates online assessment and campus hiring platform CoCubes.com, for an undisclosed sum.

KNR Constructions sells stake in two road assets to Essel group firm

November 14, 2016 | Joseph Rai

Infrastructure development company KNR Constructions Ltd has agreed to sell its entire equity stake in two build–operate–transfer (BOT) road assets to an Essel group company.

Samsung to acquire IITian-led JBL, Harman Kardon audio systems maker for $8 bn

November 14, 2016 | Dearton Thomas Hector

South Korean electronics giant Samsung Electronics Co. Ltd said it would buy US auto-suppliers firm Harman International Industries, which owns brands such as JBL, Harman Kardon and AKG, for $8 billion in an all-cash deal. 

Exclusive: Essel Finance in talks to buy a small microlender

November 14, 2016 | Bruhadeeswaran R

Subhash Chandra-promoted diversified business group Essel has started engaging with microlenders for an acquisition after its efforts to buy Bangalore-based microfinance firm BSS Microfinance Pvt. Ltd (BSS) did not materialise early this year. 

HDFC Life and Max Life merger hits regulatory roadblock

November 14, 2016 | Bruhadeeswaran R

Insurance Regulatory and Development Authority of India (IRDAI has expressed reservations on the amalgamation between Analjit Singh-promoted Max Financial Services Ltd and mortgage lender HDFC that would have created the largest private life insurer in the country, the firms 

Warburg Pincus backs Rivigo; Kishore Biyani seals another M&A deal

November 12, 2016 | Keshav Sunkara

Private equity firm Warburg Pincus inked the largest funding deal in the week gone by as it put $75 million in the Series C round of Gurgaon-based logistics service provider Rivigo.

NASDAQ-listed Videocon d2h to merge with Dish TV

November 11, 2016 | TEAM VCC

Within two years of taking their direct-to-home (DTH) firm, Videocon d2h Ltd, public on NASDAQ, Videocon group promoters Dhoot family have decided to merge the firm with bigger domestic rival Dish TV Ltd, to create the largest Indian listed media firm by revenues.

Exclusive: Drugmaker Micro Labs close to striking its first acquisition

November 11, 2016 | Ranjani Raghavan

Bangalore pharmaceuticals firm Micro Labs Ltd is close to acquiring a Hyderabad drug maker marking its first known inorganic expansion move, two people familiar with the development told VCCircle.

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