News of Merger & Acquisition in Gujarat

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

Sun Pharma tie-ups with Chinese Pharma Co, to develop & commercialize Psoriasis treatment drug

VADODARA (BARODA) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release submitted to the stock exchanges in India, pharma major Sun Pharma said of entering into licensing agreement with a Chinese company for development and commercialization of treatment for psoriasis and psoriatic arthritis. The press release submitted to the Indian Bourses by the company

ADAG led R-Infra to close 100% stake sale deal of Delhi-Agra Toll by Aug 2019

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Bourses on Thursday, Anil Dhirubhai Ambani led Indian Infra major Reliance Infra said of closing the 100% stake sale deal of Delhi-Agra toll by August 2019, of which the enterprise value is pegged at 36 billion (~3,600 crore) rupees. The press

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

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

Suzlon Energy hives-off “LOSS-MAKING” solar assets(!) plugs it to Canadian Solar for 550 million (55 cr)

PUNE | MUMBAI | RAJKOT – Amidst the much ambitious Solar programme of India Government to give boost to renewable energy generation, a regulatory filing submitted to the Exchanges in India on Tuesday by Suzlon Energy Ltd surprised investors and equity fraternity.  The filing said of the company have hived-off its Solar assets, declaring sale

RIL picks 13% stake in US (Delaware) based tech firm SkyTran

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges in India on Wednesday, Reliance Industries Ltd said of its subsidiary company having picked 13% stake in US (Delaware) based personal transportation technology firm SkyTran Inc., paying USD($) 25 million. RIL’s investments aims to foster an exclusive partnership with SkyTran in India. Reliance

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