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Dentsu Aegis acquires design studio Fractal

December 16, 2016 | Arti Singh

Japanese advertising giant Dentsu Aegis Network Ltd (DAN) has acquired Mumbai-based Fractal Ink Design Studio Pvt Ltd, a service provider in the user interface and user experience (UI/UX) domain.

IT firm Saksoft to acquire 60% stake in IoT startup DreamOrbit

December 16, 2016 | Binu Paul

Chennai-based IT company Saksoft Ltd has agreed to acquire a 60% stake in Bengaluru-headquartered Internet of Things (IoT) startup DreamOrbit Softech Pvt Ltd for an undisclosed amount.

PE-backed Claris to sell injectables unit to Baxter for $625 mn

December 15, 2016 | TEAM VCC

Claris Lifesciences Ltd has agreed to sell its injectables unit to Baxter International Inc. for $625 million (Rs 4,238 crore), the two companies said on Thursday.

Online drug marketplace 1mg buys MediAngels

December 14, 2016 | Shruti Jain

Online drug marketplace 1mg has acquired Mumbai-based online hospital MediAngels to strengthen its position in the eHealth space in India, according to a press statement.

With this acquisition, 1mg is entering into consultations, corporate health services and insurance partnerships.

Ad-tech firm Mogae Media buys Ngage from Nimbuzz

December 14, 2016 | Dearton Thomas Hector

Mumbai-based digital marketing company Mogae Media Pvt. Ltd has acquired Ngage, the ad-tech platform of Nimbuzz BV, a Netherlands-based over-the-top (OTT) content firm.

The all-stock deal is valued at Rs 40 crore (around $6 million), The Economic Times reported. 

Tata Sons shells out $360 mn to up stake in Tata Motors

December 13, 2016 | Ankit Doshi

Tata Sons Ltd acquired 5 crore Tata Motors Ltd shares on Tuesday, representing a 1.73% stake, that could prove crucial ahead of the extraordinary general meeting scheduled on 22 December to vote-out Cyrus Mistry and Nusli Wadia as directors.

Strides Shasun to acquire Perrigo API India for $14.8 mn

December 09, 2016 | Ranjani Raghavan

Drugmaker Strides Shasun Ltd said on Friday it has agreed to acquire Perrigo API India Pvt Ltd for Rs 100 crore ($14.8 million) in cash.

S Chand buys majority stake in publishing house Chhaya Prakashani

December 08, 2016 | Joseph Rai

Education-focused publishing house S Chand & Company Pvt. Ltd has picked up a majority stake in Kolkata-based publisher Chhaya Prakashani Pvt. Ltd in its third takeover deal.

How microfinance lenders have become hot targets for financial services firms

December 08, 2016 | Bruhadeeswaran R

The inability to tap private equity investors by fund-starved small- to medium-sized microfinance companies (MFIs) has created a market full of attractive targets for banks and non-banking financial companies (NBFCs) which are seeking new avenues of growth as well as trying to tide over the compe

Tata Steel sells tug services unit to Adani Ports for $15.7 mn

December 07, 2016 | PTI

A Tata Steel subsidiary has sold its tug services firm to Adani Ports and Special Economic Zone (APSEZ) for Rs 106 crore in an all-cash deal.

Crompton Greaves scraps deal to sell overseas power biz to First Reserve

December 07, 2016 | TEAM VCC

Electrical equipment maker Crompton Greaves Ltd said on Wednesday it has terminated a pact to sell its international power business to US private equity firm First Reserve International Ltd.

Adani to buy Reliance Infrastructure's two transmission assets for $148 mn

December 07, 2016 | PTI

Adani Transmission has entered into a definitive share-purchase pact with Reliance Infrastructure for acquiring power transmission assets of 3,100 circuit km at an enterprise value of Rs 1,000 crore.

Darshan Patel acquires majority stake in maker of sanitary napkin Paree

December 07, 2016 | Debjyoti Roy

Vini Cosmetics promoter Darshan Patel has picked up a majority stake for an undisclosed amount in Noida-based Soothe Healthcare Pvt. Ltd, the firm behind Paree brand of sanitary napkins.

Mahindra Agri to buy majority stake in Dutch fruit distributor OFD Holding

December 05, 2016 | PTI

Mahindra & Mahindra today said its subsidiary has inked a pact to acquire up to 60 per cent stake in Netherlands-based OFD Holding BV for 5 million euros.

Exclusive: Mysore Minerals may merge with Mysore Lamp Works

December 02, 2016 | Maulik Vyas & Bruhadeeswaran R

Mysore Minerals Ltd (MML), a government of Karnataka undertaking, has hired a financial advisor to run the process of merging the firm with Mysore Lamp Works Ltd (MLW), a listed government firm, both of which have their registered offices in Bangalore, three persons close to the development told

Advanced Enzyme closes deal to buy majority stake in JC Biotech

December 02, 2016 | Joseph Rai

Advanced Enzyme Technologies Ltd, which made a blockbuster listing earlier this year, said it has completed the acquisition of a 70% stake in bulk drugs maker JC Biotech Pvt Ltd for Rs 50.08 crore ($7.3 million).

Indegene acquires US-based Encima Group

December 01, 2016 | Joseph Rai

Healthcare solutions provider Indegene Pvt. Ltd has bought US-based Encima Group in its third acquisition within a year.

The deal will help Indegene strengthen its analytics and omni-channel digital solutions capability for the pharmaceutical industry, the company said in a statement.

Wipro to sell energy services biz to UTC unit for $70 mn

December 01, 2016 | TEAM VCC

Wipro Ltd has decided to sell its energy management services division to a unit of United Technologies Corp (UTC), as India’s third-largest software services exporter sheds non-core businesses to focus on its main IT operations.

Quess Corp to acquire Manipal Integrated Services

November 30, 2016 | Ranjani Raghavan

Fairfax Holdings-backed Quess Corp. has agreed to acquire the facility management and catering business of Manipal Integrated Services Pvt. Ltd (MIS), the company told the stock exchange.

Tata Power trims deal value of Indonesia coal mine in revised stake sale pact

November 30, 2016 | TEAM VCC

Tata Power Company Ltd has signed a revised pact to sell its stake in an Indonesian mine and related trading and infrastructure companies at a price nearly a fifth lower than the original deal.

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