News of Acquisition in Gujarat

Subros executes definitive share purchase agreement to acquire Zamil Air Conditioners

NEW DELHI | MUMBAI | AHMEDABAD | GANDHINAGAR | RAJKOT – In a press-release communication addressed to the Indian Stock Exchanges on Monday, New Delhi headquartered Subros Ltd said of having executed definitive agreement of acquiring white-goods manufacturer Zamil Air Conditioners Pvt Ltd for a transaction value of 111.50 million (~11.5 crore) rupees. The company’s

Shemaroo buys 50% stake in Dominiche Prod for 90 million INR

MUMBAI | AHMEDABAD | GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, entertainment sector pioneer venture Shemaroo Entertainment Ltd said of the Board of Directors of the Company at the Board meeting held on April 15, 2019, has inter-alia approved the investment by acquiring 50% stake of Dominiche Productions

M&M Finance acquires addl 9.68% stake in Rural Housing Arm from NHB for 2.87 billion rupees

MUMBAI | RAJKOT – In a regulatory filing submitted to the Stock Exchanges on Wednesday, Mahindra & Mahindra Financial Services Ltd said of the Board of Directors at its Meeting held on Wednesday, i.e. on 27th March, 2019, has pursuant to the Offer made by National Housing Bank (NHB) vide their  Letter dated 11th March,

Jaipur based Mayur Uniquoters acquires 68.18% stake in US based co

JAIPUR | MUMBAI | RAJKOT – Jaipur headquartered Mayur Uniquoters Ltd, in a press release submitted to the Indian Stock Exchanges said, Mayur Uniquoters Corp, USA, Wholly Owned Subsidiary of the Company has invested in the Futura Textiles Inc, by way purchase of 4,50,000 shares equivalent to 68.18% paid up capital of the Futura Textile

Mannapuram Finance acquires 100% stake in MACOM

THRISSUR | MUMBAI | RAJKOT –  Thrissur (Kerala) headquartered Mannapuram Finance Ltd’s Board of Directors at their meeting dated 20.03.2019 accorded their approval for acquiring 100% equity shares of Manappuram Comptech & Consultants Ltd and to make it a wholly owned subsidiary company of the Company. The company said in a regulatory filing submitted to

SUVEN LIFE to acquire US based RISING PHARMA

HYDERABAD | MUMBAI | RAJKOT – In a press release submitted to the Indian Bourses on Friday, Hyderabad headquartered Suven Life Sciences Ltd announces the asset purchase agreement for acquiring Aceto Corporation’s New Jersey (US) headquartered Rising Pharmaceuticals through its joint venture partner, Shore Suven Pharma Inc. The acquisition will be subject to Court-approved bidding

RIL acquires stake in DEN Networks, Hathway Cable for JioGigaFibre rollout

MUMBAI | RAJKOT – In a press release submitted to the Exchanges in India on Wednesday, after having released the outcome of board meetings and quarterly earnings data for quarter ended on September 30, Reliance Industries Ltd said of having acquired stake in Den Networks Ltd and Hathway Cable and Datacom Ltd. Reliance Industries Ltd

RIL subsidiary acquires 37% stake in US based analytics biz tech start-up Netradyne

MUMBAI | RAJKOT – In an update submitted to the Indian Bourses today, Reliance Industries Ltd said of its subsidiary company having acquired 37% stake in a US (Delaware) based analytics business tech start-up Netradyne paying US$ 8 million (~581 million rupees) subscribing 4 million shares. Reliance Industrial Investments and Holdings Limited (“RIIHL”), the wholly

Suzlon Energy & CLP India, partner for two solar projects, in Maharashtra

PUNE | MUMBAI | RAJKOT – After wind the Tulsi Tanti led Suzlon Energy goes aggressive on investments in Solar Renewable Energy, in a regulatory filing along with press communications submitted to the Exchanges in India on Tuesday, Suzlon Energy Ltd said of having entered into partnership with CLP India for two solar projects in

Sun Pharma acquires stake in Israeli Pharma Co paying US$3 million

VADODARA (BARODA) | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses on Monday, Sun Pharmaceuticals Ltd., said of having acquired 18.75% stake in Israeli Pharma company Tarsius Pharma Ltd. One of the wholly owned subsidiaries of the Company has agreed to acquire shares of Tarsius Pharma Ltd, (“Tarsius”), Israel, by

RIL subsidiary shells 92 crore rupees to buy stake in fashion & lifestyle brands

MUMBAI | RAJKOT – Reliance Industries Ltd’s subsidiary companies Reliance Brands Ltd and Reliance Retail Ventures Ltd  have now acquired a combined stake of 65.77% in Genesis Colors Ltd, the company (RIL) said in regulatory filing submitted to the Exchanges in India, on Monday. Reliance Retail Venture Ltd, subsidiary arm of Reliance Industries Ltd paid

To foray in infra space, Ajmera Realty acquires Anirdesh Developers

MUMBAI | RAJKOT – With an intent to foray in infrastructure space and acquire infra projects through a subsidiary, Ajmera Realty & Infra India Ltd acquired Anirdesh Developers LLP, the company today said in mandatory regulatory filing submitted to the Stock Exchanges in India. Ajmera Realty has acquired 85% stake of Anirdesh Developers LLP through

Reliance Infra’s Credit Profile improves, CRISIL withdraws ‘D’ ratings for 710 cr NCDs

MUMBAI | RAJKOT – Anil Dhirubhai Ambani Group led Reliance Infrastructure Ltd’s credit profile is reported to have improving, as the rating agency CRISIL has withdrawn ‘D’ ratings assigned to the company’s 7.1 billion rupee Non-Convertible Debentures, the company press release submitted to the exchanges in India said. Crisil has withdrawn its ‘D’ ratings for

Adani Green acquires stake in Singapore, US, Vietnamese renewable energy arms

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges in India on Tuesday – August 21, 2018 Adani Green Energy Ltd said of having acquired 100% equity of Adani Green Energy Pte Ltd., from Adani Global Pte Ltd, for cash consideration of each share priced at USD $1 per share.

Singapore Court directs Kiri Ind to file affidavit in response to Senda’s petition

SINGAPORE | AHMEDABAD | MUMBAI | RAJKOT – In the minority stakeholder oppression case Ahmedabad headquartered Kiri Industries Ltd will have to file affidavit on August 23, 2018 – Thursday, as directed by the Singapore Court, the company said in regulatory update submitted to the stock exchanges in India on August 16, 2018 – Thursday.

RIL’s stake in Genesis Colors now at 46.39%

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges late night on Tuesday, Reliance Industries Ltd said of having acquired additional 12.56% equity in Genesis Colors Ltd via its brands subsidiary Reliance Brands Ltd paying 527.7 million (~52.77 crore) rupees, further stake in Genesis at 46.39% from 33.83% as announced just 3