MERGERS & ACQUISITIONS

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:…

Dated January 28, 2025, outlines Renaissance Global Limited’s (RGL) strategic minority investment in Jean Dousset Jewelry LLC. Investment Highlights: Details: RGL’s step-down subsidiary, RD2C Ventures Inc., will invest in Jean Dousset Jewelry LLC. Target Company (Jean Dousset): A US-based jewelry company established on December 26, 2013, specializing in bespoke craftsmanship and lab-grown diamond jewelry. Recent…

The Board of Directors of TVS Motor Company Limited (TVSM) has given the green light for the merger of its wholly-owned subsidiary, Sundaram Auto Components Limited (SACL), with TVSM. This strategic move is aimed at simplifying the corporate structure, achieving operational efficiencies, and driving long-term value for stakeholders. Approvals and Documentation The merger is subject…

Dated January 28, 2025, announces DEE Development Engineers Limited’s (DEE) acquisition of a majority stake in Molsieve Designs Limited. The notification aligns with Regulation 30 of the SEBI (LODR) Regulations, 2015. Acquisition Highlights: Details: DEE will acquire 70% of Molsieve, and promoter Mr. Krishan Lalit Bansal will acquire an additional 15%. Target Company (Molsieve): Incorporated…

Merger of T N S Hotels and Resorts Pvt. Ltd. with Mirza International Ltd.: Key Highlights The document outlines the amalgamation of T N S Hotels and Resorts Private Limited, a wholly-owned subsidiary, with its parent company, Mirza International Limited. The merger was sanctioned by the NCLT Allahabad Bench, Prayagraj, on January 24, 2025. Below…

Summary of the Four PDF Documents 1. ASK Automotive Limited – Acquisition of Additional Stake in AISIN ASK India Private Limited ASK Automotive acquired 1,02,00,000 equity shares of AISIN ASK India Private Limited for Rs. 10.2 crore on January 24, 2025. Total shareholding in AISIN ASK now stands at 1,07,10,000 equity shares (51% of the…

Gabriel India Limited (GIL) to Acquire Assets from Marelli Motherson Auto Suspension Parts Pvt. Ltd. (MMAS) Gabriel India Limited (GIL) has signed an Asset Purchase Agreement (APA) with Marelli Motherson Auto Suspension Parts Pvt. Ltd. (MMAS), Marelli Europe S.p.A., and Samvardhana Motherson International Limited. Under this agreement, GIL will acquire specific fixed assets and inventory…