Acquisition
Acquisition News
Aurobindo Pharma, Sandoz Inc mutually call off $900 mn deal of generic oral solids, dermatology businesses
Aurobindo Pharma on Thursday said the $900 million deal to acquire Sandoz Inc's US-based generic oral solids and dermatology businesses, has been mutually called off
Hindustan Petroleum buys 17.28% stake in Petronet MHB for Rs 185 cr; acquisition expected to be completed by 31 March
In a regulatory filing, HPCL said Petronet MHB Ltd had a networth of Rs 796.30 crore as of 31 March 2019.
Adani Gas shares zoom nearly 8% after CCI approves stake-buy by French energy firm Total Group
Shares of Adani Gas zoomed nearly 8 percent on Friday after the Competition Commission gave approval to the acquisition of 37.4 percent shareholding and joint control by Total Group in the company
French luxury group LVMH, US jewellers Tiffany announce $16.2 bn tie-up
LVMH and US jewellers Tiffany announced Monday a $16.2 billion tie-up that is the French luxury group's biggest-ever acquisition and will bolster its presence in the United States
Tech Mahindra Q2 profit up 5.6% to Rs 1,124 cr; company to acquire US-based Born Group
IT firm Tech Mahindra on Tuesday posted a 5.6 percent rise in consolidated net profit at Rs 1,124 crore for the September quarter, helped by deal wins of $1.49 billion in the quarter
Competition Commission gives nod to Amazon's 0.5% equity share acquisition of Quess Corp
Fair trade regulator Competition Commission of India (CCI) on Monday said it has cleared the acquisition of equity share capital of Quess Corp by Amazon.com NV Investment Holding LLC
Liberty Steel acquires ArcelorMittal assets in Europe for Rs 5,782 crore
Liberty Steel on Monday said it has acquired seven steel making units and five service centres from L N Mittal's ArcelorMittal in Europe for 740 million euros (around Rs 5,782 crore), according to a company statement
Hexaware Technologies buys US-based Mobiquity Inc for $182 mn to expand cloud, automation service offerings
Indian IT services company Hexaware Technologies Ltd said on Friday it bought privately owned Mobiquity Inc for $182 million, to expand its cloud and automation service offerings
Sanjeev Gupta's Liberty Steel acquires Johnstown Wire Technologies in US for undisclosed amount
Indian-origin metals tycoon Sanjeev Gupta-owned Liberty Steel on Tuesday said it has acquired Johnstown Wire Technologies (JWT), North America's largest producer of value-added carbon and alloy wire
Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater
IT services major Infosys Friday said it has completed the acquisition of 75 percent shareholding in ABN AMRO Bank's wholly-owned Stater NV
Thomas Cook India Group acquires 51% stake in Digiphoto Entertainment Imaging at enterprise value of Rs 289 cr
Travel services provider Thomas Cook India Group on Monday said it has acquired 51 percent stake in imaging solutions and services firm Digiphoto Entertainment Imaging (DEI), at an enterprise value of $40.6 million (around Rs 289 crore)
Hitachi to announce purchase of $7 bn ABB's power grid business today; pact to be Japanese conglomerate's largest-ever acquisition
Hitachi Ltd and ABB will announce on Monday a plan for the Japanese conglomerate to buy the Swiss engineering group’s power grid business, paying up to $7 billion for an initial 50 percent stake, the Nikkei business daily reported
Hitachi nears $7 billion deal to buy ABB's power grid business; pact to be Japanese conglomerate's largest-ever acquisition
Japan’s Hitachi Ltd is close to agreeing a deal to buy Switzerland based ABB Ltd’s (ABBN.S) power grid business for about 800 billion yen ($7.1 billion)
HCL Technologies' shares fall 8% after company announces acquisition of select IBM software products for $1.8 bn
HCL Technologies, in a regulatory filing, said, it will acquire select IBM software products for $1.8 billion (over Rs 12,700 crore) in an all-cash deal.
Sun Pharma to acquire Japan's Pola Pharma for $1 mn; to strengthen presence in dermatology segment
Pola Pharma's portfolio mainly comprises dermatology products. It has two manufacturing facilities in Saitama with capabilities to manufacture topical products and injectables.
Cipla's subsidiary InvaGen Pharmaceuticals Inc to acquire US-based Avenue Therapeutics for $215 mn
Avenue Therapeutics is focused on the development and commercialisation of intravenous (IV) Tramadol, a painkiller.
TCS announces acquisition of London-based digital design studio for undisclosed amount
W12 Studios will be part of TCS Interactive, strengthening the gamut of creative and experience services
Cadila Healthcare, Zydus Wellness to buy Heinz India for Rs 4,595 cr; Complan, Glucon D, Nycil brands part of deal
The transaction is proposed to be financed by a mix of equity and debt
Reliance Industries to buy majority stakes in Den Networks, Hathway Cable for Rs 5,230 cr
Reliance Industries (RIL) will make investments of Rs 2,290 crore in Den Networks and Rs 2,940 crore in Hathway Cable and Datacom