MERGERS & ACQUISITIONS
On November 14, 2024, Reliance Industries Limited and Disney finalized their joint venture, Star India Private Limited (SIPL), merging two major forces in India’s entertainment landscape. Here’s a closer look at the key financial transactions and the resulting ownership dynamics: Reliance’s Strategic Moves Sale of FSDL Stake Reliance sold its 65% stake in Football Sports…
Agro Tech Foods Limited’s Board of Directors has approved the acquisition of Del Monte Foods Private Limited (DMFPL) by acquiring 100% of DMFPL’s issued and outstanding equity shares. The transaction will be completed through a preferential allotment of Agro Tech Foods Limited equity shares to DMFPL’s current shareholders. About Del Monte Foods Private Limited (DMFPL)…
TARIL’s acquisition of Posco Poggenamp Electrical Steel Private Limited holds strategic importance due to the essential role that CRGO (Cold Rolled Grain Oriented) electrical steel plays in the transformer industry. CRGO electrical steel is a major cost factor in transformer production, comprising around 33-35% of raw material expenses and contributing nearly 50% of a transformer’s…
The merger involves a composite scheme of arrangement between Wim Plast Limited (WPL), Cello Consumer Products Private Limited (CCPPL), and Cello World Limited (CWL), with two key steps: a demerger of WPL’s Manufacturing Business into CCPPL, and the subsequent merger of WPL’s remaining portion with CWL. The process is designed to streamline and enhance operational…
Entero Healthcare Solutions Limited is set to acquire two prominent distribution firms—Radha Swami Medico House and Shree Enterprises—to boost its market presence in pharmaceutical and allied product distribution. The acquisitions, expected to close by January 31, 2025, are anticipated to support Entero’s growth strategy in India. Radha Swami Medico House: A Jhajjar-based distributor of pharmaceuticals,…
On November 11, 2024, Power Grid Corporation of India Limited (POWERGRID) acquired two special purpose vehicles (SPVs): Bikaner A Power Transmission Limited (BAPTL) and Bikaner B Power Transmission Limited (BBPTL). These acquisitions were achieved through successful bids by POWERGRID under the Tariff Based Competitive Bidding (TBCB) process. Acquisition Highlights: Objective: The acquisitions aim to establish…
On November 12, 2024, Godrej Industries Limited entered into a business transfer agreement with Savannah Surfactants Limited (Goa), acquiring its Food Additives and Emulsifier business. This acquisition, which is part of Godrej Industries’ Chemicals Business, will expand its product offerings and strengthen its position in the specialty chemicals market. Objective of the Acquisition Godrej Industries’…
NSE:UNIECOM:Rs.195 (-0.91%) on 12-nov-2024 at 12:13 pm Unicommerce eSolutions Limited is a SaaS platform that manages e-commerce operations for brands, sellers, and logistics providers. Unicommerce e-Solutions Limited, a subsidiary of AceVector Limited, is acquiring Shipway Technology Private Limited, a technology automation company based in Gurugram. The acquisition will occur in multiple tranches, with the first…
NSE: WINDMACHIN:Rs.252.17 (+10.00) on 12-11-2024 at 11.56 am Incorporated in 1963, Windsor Machines Ltd is in the business of manufacturing plastic processing machinery. Windsor Machines Limited, a prominent name in the machinery sector, is set to acquire Global CNC Private Limited (GCPL), securing 100% of its equity share capital. This acquisition, valued at approximately Rs….
NSE: HMVL: Rs.90.53(+0.52%) at 12-nov-2024 at 11.21 amIncorporated in 1918, Hindustan Media Ventures Ltd is in the business of publishing ‘Hindustan’, a Hindi Daily and runs digital over-the-top platform viz. OTT Play. Hindustan Media Ventures Limited Invests in iDecorwala Spacefold Interiortech Labs Private Limited On November 11, 2024, Hindustan Media Ventures Limited (HMVL) committed to…