MERGERS & ACQUISITIONS
On February 25, 2025, Indian Metals & Ferro Alloys Limited (IMFA) unveiled a significant step in their renewable energy journey by acquiring AMPIN Energy Utility One Private Limited. This acquisition marks a pivotal moment for IMFA and their commitment to sustainable energy. Key Details of the Acquisition: Target Entity: The acquisition targets AMPIN Energy Utility…
Hitech Corporation Limited is set to expand its market reach with the acquisition of Thriarr Polymers Private Limited. On February 24, 2025, the company announced that it had entered into a Share Purchase Agreement (SPA) to acquire 100% of Thriarr Polymers’ paid-up share capital. Upon completion of the transaction, Thriarr Polymers will become a wholly-owned…
In a strategic move to strengthen its presence in the manufacturing sector, Optiemus Infracom Limited announced on February 21, 2025, that its Operations and Administration Committee of the Board of Directors has approved the acquisition of 23.8 million equity shares in Bharat Innovative Glass Technologies Private Limited (BIGTech). This acquisition is part of a rights issue subscription and underscores Optiemus Infracom’s…
In a significant development in India’s gaming industry, Delta Corp Limited (DCL), the country’s leading listed casino and gaming company, has unveiled plans to merge its subsidiary, Deltatech Gaming Limited (DGL), with Head Digital Works Private Limited (HDW). The transaction, valued at approximately INR 491 Crore, marks a strategic move to consolidate strengths in the online gaming space. Here’s…
In a recent update, 360 ONE WAM Limited announced revisions to the pricing of equity shares and warrants related to its acquisition of Batlivala & Karani Securities India Private Limited (BKSIPL). While the total consideration for the acquisition remains unchanged at Rs. 1,774.24 crores, the revised terms reflect adjustments in the valuation of equity shares and warrants. Here’s a…
Kurla, Maharashtra, February 20, 2025 — Tata Steel Limited has reinforced its strategic foothold in the global steel industry with a significant acquisition. The company has announced the acquisition of 191,08,28,025 ordinary equity shares in T Steel Holdings Pte. Ltd (TSHP). Each share is valued at USD 0.157, amounting to a total transaction value of…
In a significant move to bolster its subsidiaries, Mahindra & Mahindra Limited (M&M) announced on February 20, 2025, that its Board of Directors has approved investments in the rights issues of two of its listed subsidiaries: Mahindra & Mahindra Financial Services Limited (MMFSL) and Mahindra Lifespace Developers Limited (MLDL). This strategic decision underscores M&M’s commitment…
Tech Mahindra has announced a strategic move to merge two of its wholly-owned subsidiaries. The Board of Directors approved the plan on February 17, 2025, marking a significant step towards optimizing operational efficiency and reducing compliance risks. Key Details of the Merger Entities Involved: Tech Mahindra Cerium Systems Inc. (TMCS) – Transferor CompanyIncorporated in the…
On February 14, 2025, the Board of Directors of Zen Technologies Limited approved a series of strategic acquisitions and investments aimed at bolstering its presence in the defense, robotics, and aerospace sectors. These moves include the acquisition of Applied Research International Private Limited (ARIPL) and ARI Labs Private Limited (ALPL), as well as strategic investments in Bhairav Robotics Private Limited and Vector Technics Private…
In a significant move to strengthen its position in the electric vehicle (EV) space, Uno Minda Limited has announced the approval of acquiring an additional 49.90% equity stake in its subsidiary, UnoMinda EV Systems Private Limited (UMEVS), from FRIWO Geratebau GmbH. This acquisition not only increases Uno Minda’s ownership in UMEVS but also includes the transfer of critical intellectual property rights,…