News of Acquisition in Gujarat

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

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

Orient Refractories board gives nod for asset purchase in Odisha

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Mumbai headquartered Orient Refractories Limited said of the company board approving asset purchase in Odisha for diversification purpose of existing product line. The statement submitted by the company to the Indian Bourses, read that, the Board of Directors in

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

Exaxe Holdings becomes a wholly-owned direct subsidiary of Majesco (USA)

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Mumbai headquartered Information Technology major – Majesco Ltd said of Exaxe Holdings, Ireland becoming a wholly-owned direct subsidiary company of Majesco, USA. The statement submitted by the company to the Indian Bourses, read that, In continuation to our earlier letter

MDA led Reliance Group completes acquisition of Hamleys (Toys brand) for £67.96 million

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Bourses, Indian conglomerate Mukesh Dhirubhai Ambani owned Reliance group said of having completed acquisition of Hamleys Global Holdings Ltd for cash-consideration of Great Britain (Sterling) Pound £67.96 million. The filing submitted to the exchange read that, Further to our previous communication

L&T Infotech acquires Lymbyc Solutions for 380 mn rupees

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing along with press release submitted to the Indian Stock Exchanges, Mumbai headquartered Larsen & Toubro Infotech Ltd said of having acquired 100% equity in Chennai & Bengaluru headquartered Artificial Intelligene & Machine Learning advanced analytics company – Lymbyc Solutions Pvt Ltd, for enterprise value of

Hindustan Oil Exploration inks pact to acquire Hardy E&P (India)

VADODARA (BARODA) | MUMBAI | AHMEDABAD – GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Bouraws on Tuesday, Vadodara (Baroda) headquartered Hindustan Oil Exploration Company Ltd said of having inked conditional agreement to acquire the entire share capital of Hardy Exploration & Production (India) Inc. The regulatory filing submitted to the exchanges

Welspun India acquires 51% stake in Pure Sense Organics Myanmar Ltd

ANJAAR (KUTCH) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Bourses late in evening on Wednesday, Welspun India Ltd said of having acquired 51% stake in Pure Sense Organics Myanmar Ltd. Regulatory update filed by the company read that, The Company has entered into joint venture with Sense Organics