News of Acquisition of Shareholding in Gujarat

STERLITE TECHNOLOGIES acquires UK based Co for GBP £12 million

PUNE | AURANGABAD | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Exchanges, Pune | Aurangabad headquartered technology arm of Vedanta group – Sterlite Technologies Ltd said of having acquired 100% stake in Impact Data Solutions for enterprise value of GBP £12 million, the acquired entity is engaged

ALKEM LABS acquires subsidiary co CACHET PHARMA paying 52 Cr INR

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Mumbai headquartered Alkem Laboratories Ltd said of having acquired its own subsidiary company for cash consideration of 520 million (~52 Crore) rupees with an intent to consolidate quality control and timely supplies for the products manufactured at subsidiary facility.

NIPPON EXPRESS acquires 22% stake in FUTURE SUPPLY CHAIN for Rs.252 Cr

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Mumbai headquartered (Kishor Biyani owned) Future Group’s supply chain arm – Future Supply Chain Solutions Ltd said of Japan’s leading logistics player – Nippon Express to acquire 22% in the company. In a press-release as submitted by the company

HIMATSINGKA SEIDE to invest 173.4 mln rupees in Wind-Energy Sector

BENGALURU | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Bangalore headquartered Textiles major Himatsingka Seide Ltd said of the company board having approved investment of 173.4 million (~17.34 crore) rupees in companies engaged in wind-energy sector. The company update as submitted to the Indian Bourses read that,

LAURUS LABS acquires 100% stake in SOUTH AFRICAN pharma company

VISAKHAPATNAM | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Visakhapatnam (Andhra Pradesh) headquartered pharma company Laurus Labs Ltd said of having acquired 100% stake in a subsidiary company of South Africa based Aspean Pharmacare. The company update as submitted to the Indian Bourses read that, Laurus Labs

STRIDES PHARMA acquires majority stake in A SWISS PHARMA COMPANY

BENGALURU | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Bengaluru headquartered Indian Pharma Major Strides Pharma Sciences Ltd said of one of its stepdown subsidiary acquired major stake in tune of 70% in European Pharma Company based out of Switzerland, investing CHF (Swiss Franc) 2.2 million

TTK PRESTIGE buys 51% stake in AUSTRALIAN company ECOSOULLIFE®

HOSUR | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Hosur (Tamilnadu) headquartered cooking appliances & houseware company TTK Prestige Ltd said of having inked definitive agreement for acquisition of 51% stake in business of Ecolife International Pty Ltd, an Australian outfit trading under the brand EcoSoullife®,

IIFL WEALTH GROUP to acquire L&T FINANCE HOLDINGS’ wealth mgmt biz

MUMBAI | AHMEDABAD – GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Mumbai headquartered Indian infrastructure & financial services major L&T Finance Holdings Ltd said of its wealth management business being acquired by IIFL Wealth Group solely or jointly with a wholly owned subsidiary of IIFL Wealth Management Limited, for

STRIDES PHARMA acquires USFDA approved manufacturing facility in the US

BENGALURU | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Bengaluru & Mumbai headquartered Indian Pharma Major, Strides Pharma Science Ltd said of having acquired US FDA (Food & Drugs Admininstration) approved manufacturing facility at Riviera Beach (Florida) in The United State of America. The press-release as

DABUR INDIA acquires subsidiaries in UAE (SHARJAH), PAKISTAN

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory updates submitted to the Indian Stock Exchanges, New Delhi headquartered leading Indian Fast Moving Consumer Goods (FMCG) brand – Dabur India Ltd said of having acquired subsidiary companies in Dubai and Pakistan. The filing submitted by the company to the Indian Bourses, read

Malika Chirayu Amin acquires 1.9 mln shares of Alembic Ltd

VADODARA (BARODA) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory updates submitted to the Indian Exchanges, Alembic Ltd said of 1.9 million shares (~19,27,015 shares to be precise) comprising 0.75% stake owned by Udit Chirayu Amin has been acquired by Malika Chirayu Amin. With the above said transaction, Malika Chirayu Amin’s stake in

M&M Financial Services acquired 58.20% stake in Sri Lankan Finance Company

COLOMBO (SRI LANKA) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Mumbai headquartered Indian Auto Major Mahindra & Mahindra Financial Services Ltd said of having acquired 58.20% stake of a finance company in Sri Lanka. The filing submitted by the company to the Indian Bourses and

JK Tyre raises 5% stake in Cavendish Industries paying Rs.400 mln

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, JK Tyre & Industries Ltd said of having raised its stake in Cavendish Industries Ltd from 80% to 85% paying 40 crore (~400 million) rupees The statement submitted to the Indian Bourses read that, Directors of

Varroc Engg to acquire 74% stake in CarIQ, a leading Telematics solution provider

WALUJ (AURANGABAD) | PUNE | MUMBAI | AHMEDABAD-GANDHINAGAR-RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Aurangabad headquartered auto component manufacturer – Varroc Engineering Ltd said of being in process to acquire 74% stake in Pune headquartered CarIQ, technology solutions provider for connected mobility. The press-release titled, “Varroc to acquire 74% stake

GTPL Hathway acquires SOCD18 Networking (TV Cable Network in Maharashtra)

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Gujarat headquartered television cable company GTPL Hathway Ltd said of having acquired 100% stake of  SCOD18 Networking Pvt Ltd on August 5, 2019 paying 11.20 crore (~112 million) rupees. The statement submitted by the company read that, GTPL Hathway

Reliance invests 2.95 bln INR, to buy 87.6% stake in an E-Comm Software Firm

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Indian Conglomerate – Mukesh Ambani led Reliance Group (Reliance Industries Ltd) said of one of its subsidiary companies having brought 87.6% stake in a software technology company for e-commerce, investing 295.25 crore rupees. The statement submitted by the company

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