MERGERS & ACQUISITIONS
Diamond Power Infrastructure Limited is taking a significant step toward market diversification with its latest asset acquisition. The company, renowned for its aluminum conductors and cables, is now investing ₹49.74 crores in machinery and equipment from four sellers to expand into the copper wire and cables market. This strategic move underscores Diamond Power’s commitment to…
Mahindra & Mahindra’s Acquisition of Velos Hybren Private Limited On December 10, 2024, Mahindra & Mahindra Limited (M&M) announced the incorporation of Velos Hybren Private Limited, a wholly owned subsidiary of Mahindra Susten Private Limited (MSPL). MSPL itself is a subsidiary of Mahindra Holdings Limited, making Velos Hybren a step-down subsidiary of M&M. The incorporation…
Shriram Pistons Acquires TGPEL Precision Engineering for Diversification On December 10, 2024, Shriram Pistons & Rings Limited (SPRL) announced that its subsidiary, SPR Engenious Limited (SEL), will acquire TGPEL Precision Engineering Limited. The INR 2,200 Mn deal is set to close by December 31, 2024, with final adjustments for debt and working capital. Strategic Objectives…
Styrenix Performance Materials to Acquire INEOS Thailand Styrenix Performance Materials Limited (SPML) has announced the acquisition of INEOS Styrolution (Thailand) Co., Limited (INEOS Thailand) to expand its global footprint and strengthen its portfolio in specialty polymers. Here are the key details: Acquisition Details:SPML will acquire 100% shareholding of INEOS Thailand through its step-down subsidiary in…
Datamatics Acquires TNQ Tech to Strengthen Digital Publishing Services Datamatics Global Services Ltd has announced a significant step forward in its digital publishing and technology services with the acquisition of TNQ Tech Private Limited. Here are the details of this strategic move: Acquisition Announcement:On December 9, 2024, Datamatics revealed its plan to acquire 100% ownership…
Easy Trip Planners Limited Announces Strategic Equity Acquisitions Easy Trip Planners Limited is expanding its business portfolio with equity acquisitions in three companies: Pflege Home Health Care Center L.L.C, Jeewani Hospitality Private Limited, and Planet Education Australia Pty Ltd. These acquisitions will be executed via share swaps, where Easy Trip Planners will issue its own…
Kirloskar Pneumatic Acquires Majority Stake in Systems and Components (India) Pvt. Ltd. Kirloskar Pneumatic Company Limited (KPCL) has successfully acquired 55.26% equity shares of Systems and Components (India) Private Limited (S&C) on December 4, 2024. Following this acquisition, S&C is now a subsidiary of KPCL. The acquisition was executed under the Share Purchase and Shareholders’…
On December 3, 2024, Kaynes Technology India Limited, via its wholly owned subsidiary Kaynes Holding Pte. Ltd. (“Kaynes Singapore”), successfully acquired a 54% stake in Sensonic GmbH, Austria. This strategic acquisition, completed after receiving regulatory approvals including the Austrian Investment Control Act, strengthens Kaynes Technology’s global footprint in infrastructure technology and underscores its commitment to…
Aditya Birla Capital Invests ₹300 Crore in Aditya Birla Housing Finance On December 3, 2024, Aditya Birla Capital Limited (ABCL) announced an equity investment of ₹300,00,00,041 (Rupees Three Hundred Crore and Forty-One Only) in its wholly owned subsidiary, Aditya Birla Housing Finance Limited (ABHFL). The investment, made on a rights basis, does not alter ABCL’s…
Tech Mahindra Subsidiaries Merger Tech Mahindra Limited has announced the merger of its two wholly-owned step-down subsidiaries in Costa Rica: TM Born Group CR Sociedad de Responsabilidad Limitada and Allyis Technology Solutions Sociedad de Responsabilidad Limitada. Both entities operate under Allyis Inc., USA, which is fully owned by Tech Mahindra Limited. The boards of directors…