Several major companies have recently executed strategic acquisitions and investments, aiming to strengthen their positions across various sectors. These moves include Delta Manufacturing’s new subsidiary for electronic components, HeidelbergCement’s renewable energy stake, and Info Edge’s capital infusion in Jeevansathi to support growth. Sahyadri Industries and Vedanta’s Sesa Resources have also pursued acquisitions to enhance energy sourcing and streamline operations. This summary outlines key acquisitions that reflect broader corporate growth and sustainability trends.
Delta Manufacturing Limited (DML)
- Established a wholly-owned subsidiary, DML Ferrites Private Limited (DFPL), on November 8, 2024.
- DFPL has authorized capital of INR 10,00,000 and a paid-up capital of INR 1,00,000.
- DML acquired 10,000 equity shares in DFPL at a face value of INR 10 each, amounting to 100% ownership.
- DFPL will engage in manufacturing and distributing electronic and magnetic components, including hard ferrites, rare earth magnets, motors, and electronic instruments.
HeidelbergCement India Limited
- Acquired a 3.51% stake in Continuum MP Windfarm Development Private Limited through the purchase of 6,377,800 shares at INR 63.4 million, adding to a previous investment of INR 92.8 million.
- With a total investment of INR 156.2 million, this acquisition supports HeidelbergCement’s goal to source wind-solar hybrid power for its Damoh-based plants.
Info Edge (India) Limited
- Invested INR 20 crore in Jeevansathi Internet Services Private Limited, its wholly-owned subsidiary, by acquiring 2,000,000 Compulsorily Convertible Debentures (CCDs) at INR 100 each.
- The investment allows Jeevansathi to explore growth opportunities and support general business needs.
Sahyadri Industries Limited
- Plans to acquire a 26% stake in Emerge Solar One Private Limited (ESOPL) for INR 1.28 crore.
- The purpose is to purchase solar power under a group captive scheme, enhancing its renewable energy procurement.
Sesa Resources Limited (SRL)
- Acquired 100% of Sterlite Iron and Steel Company Limited (SISCOL) for INR 1 lakh, as part of a Vedanta group restructuring.
- SISCOL, previously a Vedanta Incorporated subsidiary, will become a step-down subsidiary of Vedanta Limited post-acquisition.
