News of Mergers & Acquisitions in Gujarat

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

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

GOCL closes the combination of Houghton Intl with Quaker Chemical Corp

HYDERABAD | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Hyderabad headquartered GOCL Corporation Ltd (formerly Gulf Oil Corporation Ltd) said of closing the combination of Houghton International with Quaker Chemical Corporation effective of August 01, 2019. In the company statement titled, “Closing of the Combination of

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

Prism Johnson acquires 30% stake in Sunspring Solar

HYDERABAD | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Market, building materials producer Prism Johnson Ltd said of having acquired 30% equity stake in Solar products company Sunspring Solar Pvt Ltd. The statement submitted to the Indian Bourses by the company read that, Company has agreed to acquire