News of Merger & Acquisition in Gujarat

COCHIN SHIPYARD acquires unlisted subsidiary HOOGHLY COCHIN SHIPYARD

COCHIN | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Cochin headquartered ship-building company Cochin Shipyard Ltd said of having acquired its unlisted subsidiary company Hooghly Cochin Shipyard Ltd from Hooghly Dock & Port Engineers Ltd for consideration of 50 million (~5.06 crore) rupees. The filing submitted

BERGER PAINTS acquired 96% stake in STP Ltd for 1.68 billion rupees

KOLKATA | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release submitted to the Indian Stock Exchanges, Kolkata headquartered Berger Paints (I) Ltd said of having acquired 95.53% stake in STP Ltd for an enterprise valuation of 1.68 billion (~167.5 crore) rupees, of which the Company has till now acquired 91.94% of the paid-up equity

Indian Government mulls revival plans for Telecom PSUs – BSNL and MTNL

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, central government public sector undertaking (PSU) telecom arm Mahanagar Telephone Nigam Ltd (MTNL) said of having received communications from Government of India detailing the office memorandum highlighting the revival of Bharat Sanchar Nigam Ltd (BSNL) and MTNL by reducing

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

NCLT nods merger of MAHINDRA DEFENCE NAVAL with MAHINDRA DEFENCE

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Mumbai headquartered automobiles major Mahindra & Mahindra Ltd said of having got nod from National Company Law Tribunal (NCLT) to merge subsidiary company Mahindra Defence Naval Systems Ltd with Mahindra Defence Systems Ltd. The company update as filed on

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

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