Page 3 - M&a

Cipla unit gets notice from US firm for termination of acquisition deal

In November 2018, Cipla had announced that InvaGen Pharmaceuticals Inc has entered into definitive agreements to acquire US-based speciality business firm Avenue Therapeutics

Graphy acquires edtech platform Spayee for $25 million

Spayee allows content creators to produce customised courses in the form of audio and video tutorials, PDF documents, quizzes, assignments, and live classes

Edtech startup upGrad crosses $210 million annual revenue run rate

The firm has chalked a multidimensional growth plan

CCI gives nod to combination involving Clariant Pigments Business, Heubach

The entity holding the resulting combined business will be controlled by SK Capital Partners, LP with Heubach Holding GmbH and Clariant AG holding minority stakes

The takeover battle for British supermarket group Morrisons

Morrisons is Britain's fourth-largest supermarket group

Adani Group acquires 10% stake in CSC SPV's Grameen eStore

CSC Grameen e-store currently serves over 10,000 PIN codes across all states and union territories.

India's Allcargo Logistics eyes potential stake sale in ECU Worldwide

The firm is looking to raise funds and has appointed Jefferies Financial to evaluate options

Gupshup acquires New Jersey-based RBM player Dotgo for undisclosed sum

A strong partner of Google, Vodafone and Orange, Dotgo manages rich communication systems across markets, and runs world's largest RBM Hub with connectivity to RCS users across the world

Southeast Asia tech dealmaking booms as investors place post-Covid bets

Region's Internet economy forecast to triple by 2025; about a dozen startups set to list over two years

PNB Housing eyes Rs 35,000 cr fresh debt as Carlyle deal faces hurdles

The company said it will seek shareholders' approval for further fund raising by way of debt issue.

India Inc's deal activity sees 3% jump to $13.2 billion in July

India Inc witnessed a 3 per cent rise in deal activity to USD 13.2 billion across 181 transactions in July, a report said on Tuesday. Going by the number of deals, the volumes showed a 66 per cent increase to 181 transactions, thus indicating a dip in average ticket sizes, the data by the consultancy firm Grant Thornton Bharat said. When compared to the preceding June, the deal volumes were 6 per cent higher, while the deal values were 33 per cent up because of a higher number of big-ticket transactions, it added. This surge in deal activity was primarily due to companies continuing to borrow economically and spending their cash reserves on transformative deals to reposition themselves for the post-COVID-19 world, its partner Shanthi Vijetha said. Vijetha said the firm hopes for the deal trend will remain positive in the coming months too. According to the report, the USD 13.2 billion of investments is the highest ever for any month since 2005. Mergers and acquisitions (M&A) ...

Google aimed to buy Epic Games during Fortnite tussle: Report

Google allegedly offered a "special deal" to launch Fortnite back on Android Store

Axis Bank buys 5.55% stake in financial technology firm IBBIC

Stock of Axis Bank traded 2.47 per cent down at Rs 737.45 apiece on BSE.

Edtech firm upGrad earmarks $250 mn for M&A, non-linear growth

upGrad is set to cross $500 million annual revenue run rate by March 2022 and is looking to raise close to $400 million at a $4 billion valuation.

Underperforming hotels going dirt cheap but buyers lack appetite

20-25% of 150,000 branded hotels risk permanent closure; May room tariffs down 16-18% on average; occupancy drops to 18-20%, revenue per room down by 49-51%

Suraksha group gets nod from lenders, homebuyers to buy Jaypee Infratech

This is the fourth round of bidding process to find a buyer for JIL, which went into Corporate Insolvency Resolution Process (CIRP) in August 2017.

Competition Comm clears Byju's buyout of Aakash Educational Services

The Competition Commission has approved ed-tech startup Byju's proposed acquisition of Aakash Educational Services Ltd (AESL). The deal, estimated to be worth around USD 1 billion, which will bolster Byju's presence in the test preparation segment in the country, was announced in April this year. On Tuesday, Competition Commission of India (CCI) said it has approved the proposed combination relating to Think & Learn Pvt Ltd (Byju's) acquisition of certain stake of AESL and thereafter their merger. "The proposed combination will result in merger of AESL into Byju's, as a consequence of which, Byju's will be the surviving entity. As such, Byju's shall effectively acquire complete and sole control over AESL," an official release said on Tuesday. Deals beyond certain threshold require approval from CCI. Byju's provides online educational services while AESL offers curriculum-based coaching for K-12 students and test preparatory services for various competitive examinations.

Blackstone buys Embassy Industrial Parks from Warburg JV for Rs 5,250 cr

Embassy Industrial Parks is comprised of 10.6 million square feet of modern logistics and warehousing assets

Hitachi's acquisition of GlobalLogic a bump up for Indian E&RD segment

GlobalLogic has a significant presence in India

Vedanta's revised offer better deal for minority shareholders: Edelweiss

Vedanta Resources' revised open offer price of Rs 235 per share for its Indian unit is a better deal for investors, brokerage firm Edelweiss said