MERGERS & ACQUISITIONS
Banco Products (India) Ltd. Acquires Padra Coating Works LLP in Strategic Move In a significant development, Banco Products (India) Ltd. announced the acquisition of Padra Coating Works LLP on February 8, 2025. This strategic move is aimed at strengthening Banco Products’ control over the quality of powder-coated parts and ensuring seamless delivery to Original Equipment…
Several major acquisitions have been announced, showcasing strategic expansions by Firstsource Solutions Limited (FSL), S Chand And Company Limited, and HT Media Limited. These deals reflect growth in AI development, publishing, and media sectors. Let’s dive into the details. Firstsource Solutions Acquires AccunAI India Services for ₹8.1 Crores Overview:Firstsource Solutions Limited (FSL) has finalized a…
Aurobindo Pharma Limited has recently undertaken two key transactions: the acquisition of Tergene Biotech Limited and an investment in Swarnaaskshu Solar Power Private Limited under a power purchase agreement. On February 6, 2025, the company’s Board of Directors approved both transactions in a meeting held from 4:30 p.m. to 6:45 p.m. Acquisition of Tergene Biotech…
This summary highlights recent acquisition activities by four companies based on their official disclosures. These acquisitions represent strategic moves to enter new markets, strengthen existing portfolios, or leverage synergies. The companies involved—Agro Tech Foods Limited (ATFL), ITC Limited, JK Lakshmi Cement Ltd., and Expleo Solutions Ltd.—have pursued acquisitions that differ in scope, industry, and strategic…
Styrenix Performance Materials Limited has entered into an agreement to acquire a 36.13% equity stake in Clean Max Jasper Pvt. Ltd. (CMJPL), a special purpose vehicle (SPV) established by Clean Max Enviro Energy Solutions Pvt. Ltd. for renewable energy generation and transmission. This acquisition aligns with regulatory requirements for captive power consumption under electricity laws…
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has approved the acquisition of M/s Kandla Energy and Chemicals Limited by Deep Onshore Services Private Limited, a subsidiary of Deep Industries Limited. The acquisition will take place on a going concern basis under liquidation. This follows an earlier disclosure on August 1, 2024, regarding Deep Onshore…
Prestige Estates Projects Limited has made two major acquisitions, increasing its equity stakes in its subsidiary companies. Acquisition of Prestige Falcon Mumbai Realty Private Limited: Prestige Estates Projects Limited has acquired an additional 39% equity stake in its subsidiary, Prestige Falcon Mumbai Realty Private Limited. This acquisition raises the company’s total stake in Prestige Falcon…
Indus Towers Limited has entered into an agreement to acquire a 26% stake in Amplus Tungabhadra Private Limited. Below are the key details of the transaction: Target Company: Amplus Tungabhadra Private Limited. Sector: Amplus Tungabhadra operates in the renewable energy sector. Acquisition Objective: The acquisition aims to secure 50 MW of renewable energy from a…
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…