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Tag Archives: acquire

Dr. Lal PathLabs’ arm to acquire 70% stake in ‘New Company to be incorporated’

Dr. Lal PathLabs’ wholly owned subsidiary — Pathlabs Unifiers has received approval for signing a binding term sheet for acquisition of 70% equity stake of Central Lab, Indore and Vinita Kothari (Proprietorship Concern) through a ‘New Company to be incorporated’. The Company’s arm will acquire stake with an objective for strengthening its business presence in the state of Madhya Pradesh. ... Read More »

JSW Steel to acquire stake in Piombino Steel

JSW Steel has agreed to acquire, by itself and through its nominees, 10,000 shares of Rs 10 each, comprising the entire issued and paid-up share capital, of Piombino Steel from JSW Techno Projects Management. Further Piombino Steel shall, by itself and/or through nominees, acquire 8,000 shares of Rs 10 each, comprising the entire issued and paid-up share capital of Makler ... Read More »

West Coast Paper Mills to acquire stake in International Paper APPM

West Coast Paper Mills (WCPM) has entered into a share-purchase agreement to acquire about 51-60% stake in NYSE-listed International Paper’s (IP) Indian unit, International Paper APPM. The stake will be acquired from existing promoters -International Paper Investments (Luxembourg), SARL Luxembourg and IP International Holdings Inc, US. The deal is expected to be completed by the end of the year. West ... Read More »

Byke Hospitality to acquire 3 new properties on long term lease

Byke Hospitality has received approval for acquisition 3 new properties on long term lease. The company will acquire hotel ‘The Byke Spice Heritage’ (25 Rooms) at Cochin, hotel ‘The Byke Mausam’ (33 Hooms) at Bhavnagar and Service Apartments ‘The Byke Studio Apartments’ (84 Apartments) at Thane in Mumbai. The Board of Directors of the Company at its meeting held on ... Read More »

Saksoft to acquire 20% stake in Dreamorbit Softech

has received approval to acquire further 20% of the equity share capital in Dreamorbit Softech, a subsidiary of the Company. With this acquisition, the company’s equity share capital will increase from 80% to 100%. The Board of Directors of the Company at its meeting held on May 27, 2019 has approved the same. The cost of acquisition involved in acquiring ... Read More »

Salzer Electronics to acquire 72.32% stake in Kaycee Industries

Salzer Electronics has entered into a Share Purchase Agreement for acquisition of entire 45,899 equity shares of Kaycee Industries representing 72.32% of the Total paid-up shares at a Price of Rs 3,475 per share from its Principal Promoter – Universal Trust. Since both Salzer Electronics and Kaycee Industries are in the same line of business, Salzer, with this acquisition, would ... Read More »

Cipla to acquire 26% stake in AMPSolar Power Systems

Cipla has signed an agreement to acquire 26% stake on a fully diluted basis in AMPSolar Power Systems. In line with Cipla’s commitment to enhance the proportion of renewable (solar) based power consumption and to comply with regulatory requirement for captive power consumption under electricity laws, Cipla will acquire and maintain 26% stake on a fully diluted basis in AMPSolar ... Read More »

Jaypee Infratech’s lenders start negotiations on NBCC’s bid to acquire realty firm

NBCC is unlikely to dilute certain conditions, including exemption from tax liability, in its offer for debt-laden Jaypee Infratech but is ready to negotiate on the proposal related to unsold flats. Jaypee Infratech’s lenders have started negotiations with NBCC on the latter’s bid to acquire the realty firm. Recently, the National Company Law Appellate Tribunal (NCLAT) had annulled voting by ... Read More »

Bharat Forge inks agreement to acquire 26% stake in Aeron Systems

Bharat Forge has entered into a share subscription agreement with Aeron Systems and its founders on May 21, 2019, agreeing to subscribe to 97,500 equity shares of Rs 10 each for a stake of 26%. The Subscription is agreed to be subscribed in three tranches. Aeron is engaged in the business of manufacturing of technology products such as Inertial Navigation ... Read More »

AJG to acquire minority stake in Edelweiss Financial Services’ arm

Arthur J. Gallagher & Co (AJG) will acquire minority stake in Edelweiss Insurance Brokers (EIBL), a wholly owned subsidiary of Edelweiss Financial Services. The transaction is subject to requisite regulatory approvals. Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two segments – agency business and holding company activities. WhatsApp Facebook ... Read More »

APL Apollo Tubes to acquire tube manufacturing unit located at Hyderabad

APL Apollo Tubes has received an approval for the acquisition of a 200,000 MTPA tube manufacturing unit located at Hyderabad, one of the unit of Taurus Value Steel & Pipes, a subsidiary of Shankara Building Products. The plant complements the company’s existing operations in Bengaluru and Hosur and will boaster the company’s manufacturing capacity to 2.3 million MTPA, thereby strengthening ... Read More »

Spencers Retail to acquire stake in Natures Basket

Spencers Retail has received approval for acquisition of 100% stake in Natures Basket, a Wholly Owned Subsidiary of Godrej Industries (GIL), subject to approval of the Shareholders of both the Companies. The Board of Directors of the Company at its meeting held on May 17, 2019 has approved the same. With this acquisition of Natures Basket will make Spencer’s a ... Read More »

Reliance to acquire Hamleys for Rs 620 CR

Hamleys, a 259-year-old toymaker, has struggled to generate profits in recent times. It reported a profit after tax of £2.44 million in 2018 after suffering a loss of £11.24 million in 2017…It is currently owned by Chinese fashion conglomerate C Banner International.Hamleys, a 259-year-old toy-maker, has struggled to generate profits in recent times. It reported a profit after tax of ... Read More »

R Systems International to acquire IBIZ Consultancy Services

R Systems International has received approval for acquisition of 100% shares of IBIZ Consultancy Services India from IBIZ Consulting Pte., Singapore, step down wholly-owned subsidiary. Accordingly, IBIZ Consultancy Services India will become direct wholly-owned subsidiary of the company. The Board of Directors of the company at its meeting held on May 02, 2019 has approved the same. R Systems International ... Read More »

SIS moves up on getting nod to acquire stake in SPAMRS

Security and Intelligence Services India is currently trading at Rs. 836.35, up by 1.40 points or 0.17% from its previous closing of Rs. 834.95 on the BSE. The scrip opened at Rs. 847.75 and has touched a high and low of Rs. 847.75 and Rs. 824.00 respectively. The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 ... Read More »

Ipca Laboratories to acquire stake in Ramdev Chemical

Mumbai : Ipca Laboratories has entered into a Share Purchase Agreement (SPA) to acquire 100% paid-up share capital of Ramdev Chemical, engaged in the business of manufacturing and marketing of advanced drug intermediates, fine chemicals, custom synthesis molecules and active pharmaceutical ingredients for cash Rs 108.50 crore. The acquisition of Ramdev Chemical will help the Company to grow its API ... Read More »

SIS to acquire stake in SPAMRS

Security and Intelligence Services (SIS) has received approval for the acquisition of shares in SIS Prosegur Alarm Monitoring and Response Services (SPAMRS) from Singpai Alarms. The acquisition is expected to complete in April 2019. The Company is currently a 50% shareholder in SPAMRS and this acquisition would result in SPAMRS becoming 100% subsidiary of the Company. It is expected that ... Read More »

Tata Global Beverages to acquire branded tea business of Dhunseri Tea

Mumbai : Tata Global Beverages has entered into a non-binding term sheet to acquire the branded tea business of Dhunseri Tea & Industries, for an aggregate consideration of up to Rs 101 crore. The branded tea business of Dhunseri Tea and Industries is presently carried out under the brands ‘Lalghoda’ and ‘Kalaghoda’ which are among the leading local brands in ... Read More »

Dr. Reddy’s Lab to acquire portfolio of 42 ANDAs in US

Dr. Reddy’s Laboratories has entered into a definitive agreement to acquire a portfolio of 42 approved, non-marketed Abbreviated New Drug Applications (ANDAs) in the US. The portfolio includes more than 30 generic injectable products. These products will require to be technology transferred and could be launched within the next one to two years. The value of total addressable market for ... Read More »

NIIT Technologies to acquire 53% stake in WHISHWORKS

Mumbai : NIIT Technologies has signed a definitive agreement with WHISHWORKS IT Consulting, an IT services and consulting company specializing in MuleSoft and Big Data technologies, to acquire a 53% stake initially, with the remaining equity to be acquired over the next two years through pay-outs linked to financial performance. This transaction is expected to be margin and earnings accretive ... Read More »

Baring Private Equity Asia to acquire 30% stake in NIIT Technologies

Mumbai : Baring Private Equity Asia (BPEA) has signed definitive agreements with NIIT Technologies to purchase approximately 18.85 million NIIT Technologies shares (approximately 30% shareholding on a fully diluted basis in NIIT Technologies) from NIIT and other promoter entities at a price of Rs 1,394 per share. The aggregate consideration for purchase of shares from promoter entities is estimated to ... Read More »

Eris Lifesciences to acquire full ownership in KINEDEX

Mumbai : Eris Lifesciences has executed a share purchase agreement with Rajesh Dhuria (one of the founders & promoters of KINEDEX) with the intent to have full ownership and control of the said subsidiary (KINEDEX) and to make KINEDEX a wholly-owned subsidiary i.e. by way of purchase of 32,507 equity shares of face value of Rs 10 each (equivalent to ... Read More »

Stovec Industries to acquire service, spare parts business from SPGPrints BV

Mumbai : Stovec Industries has received approval for the acquisition of Service and Spare Parts Business relating to Rotary Printing Equipment, which includes Designs and Drawings, Customer and Supplier Database and other related assets, each of which forms an integral part of the Service and Spare Parts Business (Service and Spare Parts Business) from SPGPrints B.V., the Holding Company of ... Read More »

Dr. Lal Pathlabs’ arm to acquire proprietorship concern

Dr. Lal Pathlabs’ wholly owned subsidiary — Pathlabs Unifiers has received an approval for acquisition of a Proprietorship Concern i.e. Bawankar Pathology. The Board of Directors of Pathlabs Unifiers at their meeting held on April 01, 2019, approved the same. Dr. Lal Pathlabs is recognized as a centre of innovation and a premier clinical pathology laboratory. It is the largest ... Read More »

L&T to acquire 20.32% stake in Mindtree

Mumbai : Larsen & Toubro (L&T) has entered into a definitive Share Purchase Agreement (SPA) with V G Siddhartha and his related entities namely, Coffee Day Trading & Coffee Day Enterprises, to acquire 20.32% stake in Mindtree, a global technology services and digital transformation company. L&T will purchase this stake at a price of Rs 980 per share, aggregating to ... Read More »

RIL’s arm inks agreement to acquire stake in Grab for Rs 106 crore

Reliance Industries’ (RIL) wholly-owned subsidiary — Reliance Industrial Investments and Holdings (RIIHL) has entered into an agreement for acquisition of equity shares of Grab A Grub Services for a cash consideration not exceeding Rs 106 crore. RIIHL will further invest an amount of up to Rs 40 crore and is likely to be completed by March 2021. The total investment ... Read More »

RIL’s arm signs agreement to acquire stake in C-Square

Reliance Industries’ (RIL) wholly-owned subsidiary — Reliance Industrial Investments and Holdings (RIIHL) has entered into an agreement for acquisition of equity shares of C-Square Info Solutions for a cash consideration not exceeding Rs 22.04 crore. RIIHL will further invest an amount of up to Rs 60 crore and is likely to be completed by March 2021. The total investment will ... Read More »

WH Brady & Company to acquire 100% stakes of Brady Telesoft

WH Brady & Company has received the approval to acquire 47,520 equity shares i.e. 100% paid-up share capital of Brady Telesoft and making the said company as wholly owned subsidiary company. The Board of Directors of the company at their meeting held on February 8, 2019, approved the same. WH Brady & Company offers Aviation-Cargo Handling, Terminal Building, Airport Interiors, ... Read More »

TAKE Solutions to acquire KAI Research

TAKE Solutions has proposed acquisition of KAI Research, a US based niche Full service CRO and health research company. With this acquisition, TAKE acquires Phase II and III capabilities in North America adding to its current service offerings in Europe & Asia. The acquisition is expected to close by January 2019. The total consideration for this transaction shall be up ... Read More »

Globalspace Technologies gets nod to acquire stake in Makebot Robotic Solutions

GlobalSpace Technologies has received approval for the acquisition of equity shares of Makebot Robotic Solutions. The Board of Directors of the company at their meeting held on January 9, 2019, approved the same. Globalspace Technologies is a fast growing technology company, working in the domain of cutting edge technologies like cloud, big data, artificial intelligence, robotics and machine learning Read More »

RIL’s arm to acquire stake in Kanoda Energy Systems

Reliance Industries’ (RIL) wholly-owned subsidiary — Reliance Industrial Investments and Holdings (RIIHL) has entered into a binding agreement with Kanoda Energy Systems (KESL) for acquisition of equity shares for a cash consideration not exceeding Rs 75 crore. The said investment upon completion will translate into 88% equity stake in KESL on a fully diluted basis. The total investment is likely ... Read More »

Kansai Nerolac Paints to acquire 100% stake in Perma Construction Aids

Kansai Nerolac Paints has entered into Share Purchase Agreement (SPA) to acquire 100% equity stake in Perma Construction Aids for a total consideration of Rs 29.10 crore. The company is expanding its product portfolio in construction chemicals. The acquisition of Perma Construction Aids will increase its product offerings in construction chemicals business. Perma is a brand known for the quality ... Read More »