Advertisements The Competition Commission of India (CCI) has given its approval for the acquisition of Holcim’s stake in Ambuja Ltd and ACC Ltd by the Adani Group. In a tweet on Friday, the watchdog said it has approved the “acquisition… Read More ›
Corporate M&A
Zomato Hyperpure Acquires Blinkit’s Warehousing Biz, Ancillary Services
Advertisements Zomato Hyperpure Private Limited, the business-to-business (B2B) restaurant supply business of the food delivery company, has completed the acquisition of Blinkit’s warehousing and ancillary services business Hands On Trades Private Limited (HOTPL). acquired the ancillary service for about $8… Read More ›
IPO-Bound OYO Acquires Denmark’s Holiday Home Chain Bornholmske Feriehuse
Advertisements In line with its commitment to the ‘Invest in Denmark’ initiative, online hospitality major OYO has acquired Europe-based holiday homes operator Bornholmske Feriehuse, which aims to accelerate the growth of travel and tourism in the market. Bornholmske Feriehuse, which… Read More ›
Ford India To Sell Its Gujarat Plant For INR 725.7 Cr To Tatas
Advertisements In line with the earlier announcement, the Tata Passenger Electric Mobility Limited and Ford India Private Limited have inked the Unit Transfer Agreement for the acquisition of the latter’s plant in Gujarat for Rs 725.70 crore. In a regulatory… Read More ›
Reliance Builds Technology & Innovation Portfolio For Green Energy Foray Through Partnerships, Acquisitions, R&D
Advertisements In his letter to shareholders, Mukesh Ambani, Chairman and Managing Director, Reliance Industries, said “we entered into a series of partnerships, including equity investments, with local and international corporates with unique technological and execution capabilities, with a strong track… Read More ›
Nykaa To Acquire Social Commerce Startup LBB
Advertisements Nykaa, India’s leading beauty, fashion, and lifestyle destination, today confirmed Board approval for the acquisition of LBB (Iluminar Media Pvt Ltd), a millennial-focussed lifestyle discovery platform. This aligns with Nykaa’s fundamental content-first approach to engaging with its loyal consumer… Read More ›
Amazon Acquires Home Robot Maker iRobot For USD 1.7 Bn
Advertisements Amazon on Friday announced to acquire Global consumer robot company iRobot for $1.7 billion in an all-cash deal. “Since we started iRobot, our team has been on a mission to create innovative, practical products that make customers’ lives easier,… Read More ›
India Plans To Arm CCI With Power To Scrutinise Global M&A Deals
Advertisements The Centre on Friday proposed significant amendments in the Competition Act, 2002, aiming to give the Competition Commission of India (CCI) powers to scrutinise all global mergers and acquisition deals exceeding $252 million with “substantial business operations in India”…. Read More ›
Adani Group To Acquire Macquarie Road Portfolio For INR 3,110 Cr
Advertisements Adani Group on Thursday said it will acquire Macquarie Asia Infrastructure Fund’s toll road portfolio in Andhra Pradesh and Gujarat for Rs 3,110 crore. The portfolio of 972 lane km has a long concession life with established traffic in… Read More ›
Uber Sells 7.8 Percent Stake In Zomato For USD 392 Million: Report
Advertisements Uber Technologies on Wednesday sold its 7.8% stake in food delivery firm Zomato Ltd for $392 million via a block deal on local exchanges, two sources familiar with the matter told Reuters. The Zomato block deal was executed at… Read More ›