MERGERS & ACQUISITIONS
ITC Limited Acquires Greenacre Holdings in Internal Restructuring Move On November 29, 2024, ITC Limited acquired full ownership of Greenacre Holdings Limited (GHL) by purchasing 4,20,60,166 equity shares from Russell Credit Limited (RCL), a wholly owned subsidiary of ITC. With this transaction, GHL becomes a direct wholly owned subsidiary (WOS) of ITC Limited. Details of…
Macrotech Developers Acquires Janus Logistics and Industrial Parks for Strategic Expansion Macrotech Developers Limited, widely recognized as Lodha, has finalized the acquisition of Janus Logistics and Industrial Parks Private Limited (JLIPPL). Through a Share Purchase Agreement (SPA) executed on November 29, 2024, Lodha acquired a 100% stake in JLIPPL for a cash consideration of ₹47.94…
TVS Motor Company Limited has announced a significant acquisition, increasing its stake in DriveX Mobility Private Limited (“DriveX”) to 87.38%. This follows the signing of a share purchase agreement on November 29, 2024, through which TVS Motor will acquire an additional 39.11% equity stake for ₹97.78 crore. Key Highlights of the Acquisition: DriveX Overview: Established…
Hindustan Unilever Approves Demerger of Ice Cream Business into Separate Listed Entity In a strategic move aimed at unlocking shareholder value and driving focused growth, Hindustan Unilever Limited (HUL) has announced its decision to demerge its Ice Cream business into a standalone, publicly listed entity. The decision, granted in-principle approval by the Board of Directors…
ICICI Lombard General Insurance is one of India’s leading private-sector non-life insurance companies. Established in 2001, it offers a comprehensive range of general insurance products, including motor, health, travel, home, and commercial insurance. ICICI Lombard General Insurance Company Limited’s Acquisition of Shares in HDFC Life Insurance Company Limited Acquisition Details: Target Entity: HDFC Life Insurance…
POWERGRID Acquires KVAPTL for ₹18.95 Crore to Boost Renewable Energy Transmission New Delhi, November 19, 2024 – Power Grid Corporation of India Limited (POWERGRID), the state-owned transmission giant, has acquired Khavda V-A Power Transmission Limited (KVAPTL) for approximately ₹18.95 crore. This strategic acquisition aligns with POWERGRID’s mission to bolster India’s renewable energy infrastructure and ensure…
Godawari Power and Ispat to Acquire 51% Stake in Jammu Pigments Limited Godawari Power and Ispat Limited (GPIL) announced the acquisition of a 51% equity stake in Jammu Pigments Limited (JPL) for ₹255 crore. Approved by the Board of Directors on November 19, 2024, the transaction will be completed in multiple tranches by March 31,…
Shalby Ltd is engaged in healthcare delivery space in India. It operates a chain of multi-specialty hospitals across India. The business of the company is to offer tertiary and quaternary healthcare services to patients in various areas of specialization such as orthopaedics, complex joint replacements, cardiology, neurology, oncology, renal transplantations. Ahmedabad, November 15, 2024: Dr….
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)…