M&A
Manipal Group’s Ranjan Pai saves Byju’s from certain collapse
01 Feb 2024
Beleaguered edtech pioneer Byju’s seems to have found a white knight in Manipal Education and Medical Group’s (MEMG) Ranjan Pai, who has acquired a 40 per cent stake in Byju-owned Aakash Institute.
CCI clears Burman Family group bid to acquire Religare Enterprises
27 Jan 2024
The Competition Commission of India (CCI) has approved the acquisition of shareholding in Religare Enterprises Limited by a consortium of non-banking financial companies
ABB to acquire DTN’s weather routing business to expand marine software portfolio
25 Jan 2024
Swedish-Swiss technology conglomerate ABB has agreed to acquire the shipping business of weather and meteorological forecasting specialist DTN
ACME signs term contract for supply of green ammonia to Japan’s IHI Group
24 Jan 2024
ACME Group, a leading renewable energy company in India, and Japanese heavy industry group IHI Corporation on Tuesday signed a long-term contract under which ACME will supply 4 lakh tonnes of green ammonia from its plant in Odisha to Japan annually.
Sony calls off $10 bn merger deal with Zee Entertainment
22 Jan 2024
Sony Pictures Networks has ended its long-pending agreement for merger of its television and streaming operations in India with Zee Entertainment Enterprises
Taro to merge with Sun Pharma in $350 million deal
21 Jan 2024
Sun Pharmaceutical Industries Limited and Israel-based Taro Pharmaceutical Industries Ltd have entered into a definitive merger agreement under which Sun Pharma
French shipping giant CMA CGM to acquire UK logistics firm Wincanton for $700 million
21 Jan 2024
French shipping company CMA CGM has agreed to buy British logistics firm Wincanton for about $700 million in cash that will add warehousing management and grocery to the Marseille-based group's business portfolio.
ABB boosts technology base with 3 new acquisitions in January
20 Jan 2024
Swedish-Swiss multinational ABB has made three major technology acquisitions in January that the company says will cement its capabilities in core business areas such as utility, manufacturing, transportation and infrastructure.
Hyundai India completes acquisition of GM’s Talegaon plant, to invest Rs6,000 cr
20 Jan 2024
Hyundai Motor India Ltd. (HMIL) has completed acquisition of General Motors India’s Talegaon Plant in Maharashtra, after meeting certain conditions and receipt of regulatory approvals from relevant government authorities and stakeholders.
LyondellBasell to acquire 35% of Saudi petrochemical company for $500 m
17 Jan 2024
LyondellBasell, a global leader in petrochemicals, today announced the signing of an agreement to acquire a 35 per cent interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET)
Vodafone inks a $1.5 billion deal with Microsoft for AI, cloud, and IoT
16 Jan 2024
Vodafone has announced a decade-long partnership with Microsoft, aiming to extend generative AI, digital, enterprise, and cloud services to over 300 million businesses and consumers across its European and African markets.
Vodafone inks a $1.5 billion deal with Microsoft for AI, cloud, and IoT
16 Jan 2024
Vodafone has announced a decade-long partnership with Microsoft, aiming to extend generative AI, digital, enterprise, and cloud services to over 300 million businesses and consumers across its European and African markets.
Tata Consumer Products to acquire Capital Foods and Organic India for Rs7,000 cr
15 Jan 2024
Tata Consumer Products, the consumer goods arm of the Tata Group has agreed to acquire 100 per cent shares in Capital Foods, and Organic India for a total consideration of Rs7,000 crore.
Infosys to acquire chip designer InSemi for Rs280 crore
13 Jan 2024
IT services major Infosys on Thursday announced a definitive agreement to acquire InSemi, a leading semiconductor design and embedded services provider for Rs280 crore.
Thomson Reuters proposes a $627 million acquisition of Sweden's Pagero
11 Jan 2024
Thomson Reuters has officially put forward a proposition to acquire Pagero, a Swedish company specializing in e-invoicing and tax solutions. The offered amount stands at a noteworthy 6.4 billion crowns (Krona), translating to approximately $627 million.
Accenture Song acquires Work & Co., expanding its digital design capabilities
10 Jan 2024
In a move to boost its digital design and technology portfolio, Accenture Song, the creative services arm of global consulting powerhouse Accenture, has sealed a deal to acquire Work & Co., a prominent digital design and technology agency based in Brooklyn, N.Y.
Accenture Song acquires Work & Co., expanding its digital design capabilities
10 Jan 2024
In a move to boost its digital design and technology portfolio, Accenture Song, the creative services arm of global consulting powerhouse Accenture, has sealed a deal to acquire Work & Co., a prominent digital design and technology agency based in Brooklyn, N.Y.
Hewlett-Packard Enterprise in advanced talks to acquire Juniper Networks in $13 billion deal
09 Jan 2024
Hewlett-Packard Enterprise (HPE) is currently engaged in discussions to acquire Juniper Networks in a deal estimated at approximately $13 billion, as disclosed by sources on Monday, 8 January 2024.
Hewlett-Packard Enterprise in advanced talks to acquire Juniper Networks in $13 billion deal
09 Jan 2024
Hewlett-Packard Enterprise (HPE) is currently engaged in discussions to acquire Juniper Networks in a deal estimated at approximately $13 billion, as disclosed by sources on Monday, 8 January 2024.
Gail and Vitol sign 10-year LNG supply contract
08 Jan 2024
Gail (India) Limited and Vitol Asia Pte Ltd on Friday announced the signing of a long term LNG supply contract, under which the Switzerland-based Dutch trading company will supply a million tonnes of LNG
American Tower sells its India business to Canada’s Brookfield in a $2.5 bn deal
05 Jan 2024
American Tower Corp (ATC) has agreed to sell its India operations to Canadian buyout firm Brookfield in a deal worth around Rs21,000 crore ($2.5 billion) in total.
India's fintech sector faced a 63% funding decline in 2023
04 Jan 2024
Amid the funding winter, India’s fintech sector experienced a significant setback, with a 63% decline in fund inflows throughout 2023, according to a report by Tracxn.
Reliance and Disney initiate antitrust diligence for merger in India
04 Jan 2024
Indian business tycoon Mukesh Ambani’s Reliance Industries and global entertainment giant Walt Disney have taken decisive steps towards their proposed merger with the Indian media and entertainment sector.
ONGC considers oil as an option to recover $600 million from the Venezuelan dividend
03 Jan 2024
ONGC Videsh, the overseas investment arm of India’s Oil and Natural Gas Corp., is actively considering alternatives, including the allocation of oil by Venezuela’s state oil company, PdVSA, to reclaim its outstanding $600 million dividend.
Vodafone Idea denies talks with Elon Musk's Starlink; shares dip 5%
02 Jan 2024
In a recent statement, Vodafone Idea, a major Indian telecom operator, clarified that it is not engaged in discussions with Elon Musk’s Starlink for a potential tie-up.