Firstpost did a quick analysis to bring to you some of the deals announced for the week ended 23rd December 2011.
•Zydus Cadila has acquired a 100 percent stake in Mumbai based Biochem for an undisclosed amount. However, an article in the Economic Times on 21st December pegs the deal to be valued around Rs350-Rs400 crore. It further states that the Ahmedabad based Zydus Cadila has been on the hunt to acquire companies with smaller sizes and specific product pipelines. This would be the company’s third acquisition this year. It had earlier acquired a 100 percent stake in Germany based animal drug company Bremer Pharma and US based Nesher Pharmaceuticals earlier.
•Infosys BPO plans to acquire the Australian based sourcing and category management services firm Portland Group. The deal which is pegged at A$37 (about Rs194 crore) is expected to be completed by early January 2012. The Portland group had reported a revenue of A$ 31.3 million for the fiscal year ending June 30, 2011. The last acquisition the company made was also in the BPO business when it acquired the US based McCamish Systems in 2009.
•Reliance Industries has acquired a minority stake in nuclear design and engineering firm, Terra Power LLC, a firm funded by Bill Gates, Vinod Khosla and Charles River Ventures. Mukesh Ambani is expected to join Bill Gates and Vinod Khosla on the board of Terra Power. The company Terra Power plans to develop an ultra modern reactor using traveling wave technology which uses depleted uranium and doesn’t need to be refueled fot at least 40-60 years.
•Bunge India has bought out the edible oil business of Amrit Banaspati for Rs221 crore. Apart from the above mentioned cost, it will also pay an additional Rs104 crore for buying the trademark ‘Gagan’ which is owned by the Amrit Corporation and will also be shelling out Rs47 crore as non-compete fees to the key promoters.
•Oswal group has bought a 14.2 percent stake in NDTV for Rs24.4 crore in a series of bulk deals at Rs26.6 per share. The Delhi based group which has interest in petrochemicals, fertilizer and entertainments acquired the stake from Merril Lynch Capital Markets and Nomura Capital.