News of Mergers & Acquisitions in Gujarat

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

Vijaya Bank and Dena Bank amalgamate with Bank of Baroda

VADODARA (BARODA) | MUMBAI | RAJKOT – In a regulatory filing submitted by Dena Bank, Vijaya Bank and Bank of Baroda, to the Stock Exchanges in India on Tuesday, all three banks have said of having amalgamated vide the directive from Ministry of Finance, Government of India. The Bank has received a communication from Ministry

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

CCI approves Linde-Parxair deal

VADODARA (BARODA) | MUMBAI | RAJKOT – Competition Commission of India (CCI) has approved the merger between Linde AG and Parxair, Inc, Linde India Ltd today said in a regulatory filing submitted to the Linde AG and Praxair, Inc. had jointly made an application to the CCI on 11 January 2018 pursuant to the provisions

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.

Meghmani Organic proposes to merge Finechem and Agrochem subsidiaries

AHMEDABAD | MUMBAI | RAJKOT – Meghmani Organics Ltd has informed the stock exchanges in India on Friday, August 17, 2018 regarding proposed amalgamation of Meghamani Finechem Ltd – a subsidiary company and Meghmani Agrochemicals Pvt Ltd, a wholly owned subsidiary company. The proposed amalgamation is subject to the approval of National Company Law Tribunal,

Zydus Cadila to pay 1.56 billion rupees to acquires 51% stake in Windlass Healthcare

AHMEDABAD | MUMBAI | RAJKOT – Zydus Cadila Group will pay 1.55 billion (~155.55 crore) rupees to acquire 51% stake in Dehradun (Uttarakhand) headquartered Windlas Healthcare Pvt Ltd, the company press release submitted to the Exchanges in India on Monday read. The acquisition detailing regulatory document submitted to the exchange termed the objective of the

In a 450-million-rupee deal, Cipla acquires African Pharma Co Mirren

MUMBAI | RAJKOT – Cipla Medpro South Africa (Pty) Ltd, wholly owned subsidiary of Cipla Ltd, India and South Africa’s fourth largest  pharmaceutical company in the private sector, today announced its plans to acquire a 100% stake in Mirren (Pty) Ltd for cash consideration of 450 million rupees (~45 crore), the company said in filing submitted to the

Apollo Hospitals enters Lucknow, pays 910 million rupees, to acquires 50% stake in 330 bed super-speciality hospital project

LUCKNOW | CHENNAI | MUMBAI | RAJKOT – Apollo Hospital Enterprise Ltd India’s first multi-speciality chain of hospitals today announced that the company has acquired a 50% stake paying 910 million (~91 crore) rupees, in Medics International Lifesciences Ltd., a 330 bedded super-speciality hospital in Lucknow. The Apollo Medics Super Speciality Hospital would strengthen Apollo

Mastek (UK) merges its stepdown subsidiary Indigo Blue Consulting Ltd

LONDON | AHMEDABAD | MUMBAI | RAJKOT – Ahmedabad headquartered Mastek Ltd today informed the stock exchanges in India of its wholly owned subsidiary company Mastek (UK) Ltd having proposed to merge its step-down subsidiary company Indigo Blue Consulting Ltd. The proposed merger is aimed to enable greater synergies between the two companies, and also