Acquisition

Jindal Saw to acquire 31.2% stake in ReNew Green Energy for undisclosed sum

Jindal Saw on Tuesday said it has inked a pact to acquire 31.20 per cent equity in ReNew Green Energy. However, the company did not divulge the financial details of this equity acquisition. In a filing, Jindal Saw said, "It has entered into a share purchase agreement with ReNew Green Energy Solutions Private Limited (RGES) to acquire shareholding up to 31.20 per cent equity share capital in ReNew Green MHH One Private Limited (RGMHH), which resulted RGMHH as an associate of the company". The acquisition is with an objective to procure electricity at a concessional rate, the company said. Jindal Saw further said it aims to complete the acquisition by May 31, 2025, or any other date as may be mutually decided between the parties. It is a manufacturer and supplier of steel pipe products, fittings and accessories with manufacturing facilities in India, the US, Europe and the UAE.

Arm CEO downplays ambitions to make its own chip in Qualcomm case

The crux of the litigation is a clash over Qualcomm's license agreement for the use of Arm's intellectual property following Qualcomm's $1.4 billion acquisition of chip startup Nuvia in 2021

Varun Beverages' growth strategy could prove beneficial for investors

The VBL board approved the acquisition of SBC Tanzania for Rs 1,304 crore and SBC Beverages Ghana for Rs 127 crore

Omnicom's Interpublic Group buy to make it India's second-largest ad firm

IPG has a presence in India through IPG Mediabrands India. Globally, WPP, Omnicom, Publicis Groupe, and IPG form the 'Big Four' of the advertising world

Japan's MUFG Bank, Koch Group gets CCI nod to buy stakes in Shiprocket

The Competition Commission of India (CCI) on Tuesday cleared MUFG Bank's and American conglomerate Koch Group's proposed acquisition of shareholding in logistics aggregator Shiprocket. "The proposed combination envisages acquisition of certain shareholding of Shiprocket Pvt Ltd by MUFG Bank Ltd," the CCI said in a release. MUFG Bank is a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG), being the ultimate parent company. It is engaged in banking services in India. In another release, fair trade regulator CCI said the proposed combination envisages acquisition of certain shareholding in Shiprocket Pvt Ltd by KDT Venture Holdings, LLC. KDT Venture Holdings LLC is an early-stage venture capital firm. It is a wholly owned subsidiary company of Koch, Inc. Koch is one of the largest private companies in the US after multinational food corporation Cargill Inc. Shiprocket operates a logistics platform whereby it provides logistics services to other businesses, ...

Tube Investments to get 67% stake in Kcaltech System India for Rs 62 cr

Murugappa Group firm Tube Investments of India Ltd on Thursday said it will acquire a 67 per cent equity stake in the Indian arm of South Korea's KC Altech Co Ltd for Rs 62 crore. The company has executed a definitive agreement for subscription of a 67 per cent equity stake in Kcaltech System India Pvt Ltd (KCAL India), a subsidiary of KC Altech Co Ltd, the Tube Investments of India (TII) said in a statement. "This strategic acquisition will enable TII to strengthen its position in the growing automotive sector, particularly in the domain of aluminium tubes and parts used in heating, ventilation, and air conditioning (HVAC) systems for automobiles," it added. The proposed investment will support KCAL India's expansion plans, including increasing its manufacturing capabilities, the company added. The acquisition will be carried out "by way of subscription to fresh equity shares for a consideration of about Rs 62 crore", TII said in a regulatory filing. The acquisition is expected t

Tube Investments rises 7% on acquiring 67% stake in Kcaltech for Rs 62 cr

Tube Investments proposes to acquire 2,24,08,313 equity shares of Kcaltech representing 67 per cent of its equity share capital

Mirae Asset Financial Group completes acquisition of Sharekhan

Jisang Yoo, CEO, Mirae Asset Capital Markets India, will be appointed as the CEO of Mirae Asset Sharekhan.

Aster DM Healthcare to acquire remaining 13% stake in Aster Aadhar Hospital

The 254-bed Aster Adhaar Hospital in Kolhapur has received NABH (National Accreditation Board for Hospitals and Healthcare Providers) accreditation

Nykaa acquires majority stake in clean beauty brand Earth Rhythm

Nykaa had previously acquired a minority stake in the company in 2022 through a combination of primary and secondary transactions

Why FSN E-Commerce Ventures, parent of Nykaa, shares gain 4% in trade?

The company's board approved further investments in ERPL through primary and secondary rounds, in one or more tranches, resulting in ERPL becoming a subsidiary of Nykaa

Exide Ind gains 4% on investing over Rs 99 crore in Exide Energy Solutions

With this investment, the total investment made by Exide Industries in its arm stands at Rs 3,052.24 crore

Japan's top chip distributor Macnica eyes acquisitions in India, China

Yokohama-based company, which often draws comparisons with factory automation provider Keyence Corp., may also conduct acquisitions to expand into other arenas, such as cybersecurity

NLC India gains 4% on plans to invest up to Rs 3,720 cr in renewable arm

NLC India said that its board has given a nod to invest up to Rs 3,720 crore, in one or more tranches for the various renewable projects

Blackstone strikes $8 bn deal for sandwich chain Jersey Mike's Subs

Jersey Mike's Sub, a fast casual sub sandwich franchise, operates over 2,800 locations

MakeMyTrip inks deal with Cred to acquire Happay Expense Platform

Happay's team will continue to serve its existing clients and collaborate with MakeMyTrip's corporate travel services team to offer enhanced solutions

India's Apollo Radiology acquires reporting wing of UK's InHealth Group

This acquisition strengthens ARI's commitment to addressing the critical shortage of radiologists globally and enhancing access to quality diagnostic services in the UK

Agro Tech Foods buys Bharti group's Del Monte Foods in Rs 1,300 cr deal

The acquisition, valued at Rs 1,300 crore, will be completed within nine months

Wilson & Hughes PE acquires travel firm Cox & Kings assets, brands

The acquisition, completed through the PE firm's Indian subsidiary, includes only Cox & Kings brand and assets, excluding any responsibility for financial, legal issues tied to past operations

Unicommerce announces acquiring e-commerce technology platform Shipway

Unicommerce will buy 42.76% in Shipway for a cash consideration of Rs 68.4 cr and rest of the stake later