Mahanagar Gas Limited (MGL) has successfully acquired a 44% stake in International Battery Company India Private Limited (IBC India) as part of its strategic expansion. Below are the key details of the acquisition: Acquisition Details: Target Company: IBC India, engaged in manufacturing, promoting, marketing, distributing, and selling battery cells. Industry: Battery cell manufacturing. Authorized Share…

Paytm Cloud Technologies Limited (PCTL), a wholly-owned subsidiary of One 97 Communications Limited (Paytm), has announced an investment to acquire a 25% stake in Seven Technology LLC for USD 1 million (approximately INR 8.70 crore). Seven Technology LLC is the parent company of Dinie Correspondente Bancário e Meios de Pagamento Ltda. (“Dinie”), a Brazil-based API-driven…

TVS Holdings Limited has successfully acquired an 80.74% equity stake in Home Credit India Finance Private Limited (HCIFPL), finalizing the transaction on February 3, 2025. Key Highlights of the Acquisition: Stake Acquired: TVS Holdings now owns 80.74% of HCIFPL, while the remaining 19.26% was acquired by Premji Invest and other associates of TVS Holdings. Transaction…

TVS Motor Company Limited, via its subsidiary TVS Motor (Singapore) Pte Ltd, has made an additional investment in Killwatt GmbH. This follows previous disclosures on February 26, 2024, February 29, 2024, and March 20, 2024, regarding the acquisition of a 9.72% stake in Killwatt GmbH for EUR 4 million. Key Highlights of the Investment Update:…