Last Updated : Friday, July 10, 2020 20:43:52

News of Acquisition of Shareholding in Gujarat

BASF INDIA Board nods acquisition of BASF PERFORMANCE POLYAMIDES INDIA

MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Specialty Chemicals’ manufacturing multinational’s Indian arm BASF India Ltd said of the company board having given the nod for acquisition of 100% stake in BASF Performance Polyamides India Pvt Ltd (formerly known as Rhodia Polymers & Specialties India Pvt Ltd).

FLIPKART buys minority stake in ARVIND FASHIONS for 2.6 bln rupees

BENGALURU / MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Sanjay Lalbhai led Ahmedabad headquartered Arvind Group’s Bengaluru headquartered Other Apparels & Accessories manufacturing arm Arvind Fashions Ltd said of online retail Indian major Flipkart having strengthened its partnership with the company acquiring significant minority stake by investing

KALPATARU POWER’s Alipurdaur asset sold to ADANI TRANSMISSION

MUMBAI / AHMEDABAD / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Ahmedabad headquartered Gautam Adani led Diversified Indian Conglomerate Adani Group’s power transmission arm Adani Transmission and Mumbai headquartered energy Heavy Electrical Equipment manufacturing company Kalpataru Power Transmission Ltd said of both companies having entered into agreement where Kalpataru

RIL’s JIO Platforms sells 0.39% stake to INTEL CAPITAL for 19 bln INR

MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Mukesh Ambani led Diversified Indian Conglomerate Reliance Group’s flagship company Reliance Industries Ltd said of Intel Capital, investment arm of Intel Corporation having invested 19 billion (~1,894.50 crore) rupees in Jio Platforms inturn acquiring 0.39% equity stake in the Jio

AFFLE inks pact to acquire 8% stake in Indus OS, for undisclosed amount

MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Mumbai headquartered Advertising & Media sector company Affle (India) Ltd said of having acquired strategic stake in Indus OS, one of the India’s largest independent indigenous apps store. In a press-release titled, “Affle to acquire strategic stake in Indus OS,

MPS completes acquisition of HighWire Press to accelerate platform biz

LOS GATOS (CALIFORNIA, US) / MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Chennai headquartered commercial printing and stationary sector company MPS Ltd said of having completed acquisition of HighWire Press to accelerate platform business. In a press-release titled, “MPS completes acquisition of HighWire Press to accelerate Platform

BHARTI AIRTEL acquires stake in Lattu Kids, for undisclosed amount

NEW DELHI / MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, New Delhi headquartered Telecom services providing Indian major company Bharti Airtel Ltd said of having added Education Technology (EdTech) to its digital portfolio having acquired stake in kids learning startup – Lattu Kids, for an undisclosed amount.

Dr. REDDY’s LAB seals the acquisition of select biz divisions of WOCKHARDT

HYDERABAD / MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Healthcare and Pharmaceutical products manufacturing Indian company Dr. Reddy’s Laboratories Ltd said of having completed the acquisition of select business divisions of Wockhardt. In a press-release titled, “Dr. Reddy’s Laboratories completes the acquisition of select business divisions of

AGC NETWORKs acquires IT Cos in Australia, New Zealand cos paying $2.75 mln

MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Mumbai headquartered Ruia family led Diversified Indian Conglomerate Essar Group’s Information Technology (IT) Consulting & Software services providing arm AGC Networks Ltd said that its Australian and New Zealand subsidiary companies Black Box Networks Services Australia Pty Ltd and Black

CIPLA acquires 21.85% stake in Pharma Digital App GoApptiv

MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Mumbai headquartered Pharmaceutical products manufacturing Indian company Cipla Ltd said of having acquired 21.85% stake in GoApptiv Private Ltd paying 9 crore (~90 million) rupees in two phases, further acquiring pharma digital app GoApptiv, which offers digital solutions for integrated

AFFLE to acquire APPNEXT to strengthen the mobile app platform globally

MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered advertising & media sector company Affle (India) Ltd said of having inked definitive binding agreement to acquire full control of Appnext with an intent to strengthen the mobile app recommendation platform globally. In a press-release titled, “Affle to

SILVER LAKE & Co-Investors buy addl 2.08% stake in (RIL’s) JIO Platforms

MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Mumbai headquartered Mukesh Ambani led Diversified Indian Conglomerate Reliance Group’s flagship company Reliance Industries Ltd said of Silver Lake and co-investors to buy additional 2.08% stake in JIO Platforms Ltd, paying 46 billion (~4,546.80 crore) rupees. In a press-release titled,

GENERAL ATLANTIC acquires 1.34% stake in (RIL) JIO PLATFORMS @ 66 bln INR

MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered Diversified Indian Conglomerate Mukesh Ambani led Reliance Group’s flagship company Reliance Industries Ltd said of General Atlantic, a leading global equity firm having invested 66 billion (~6,598.38 crore) rupees in Jio Platforms Ltd. In a press-release titled, “GENERAL

POLYCAB acquires Ryker JV buying TRAFIGURA’s 50% stake @ 300 mln INR

NEW DELHI / MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, New Delhi headquartered other electrical equipment and products manufacturing Indian company Polycab India Ltd said of having inked an agreement with Trafigura Pte Ltd, Singapore to buyout 50% stake in Ryker Base Pvt Ltd paying 300 million

AIRTEL to power Youth-First digital platform for fitness content

NEW DELHI / MUMBAI / RAJKOT – In a regulatory update, as submitted to the Indian Stock Exchanges, New Delhi headquartered Indian Telecom Major – Airtel Ltd said of prioritizing fitness content by powering the youth-first digital platform for fitness content, as the concept of being fit and fitness becomes mainstream in India, the company

VIMTA LABS completes acquisition of EMTAC LABS

HYDERABAD / MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Hyderabad headquartered healthcare services provider company Vimta Labs Ltd said of having completed acquisition of Emtac Laboratories with four months of the announcement which company had made on November 9, 2019 after acquiring 3.4 million (~34,16,500) shares of

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