Last Updated : Friday, July 3, 2020 17:06:02

News of Mergers & Acquisitions in Gujarat

RIL’s JIO Platforms sells 0.39% stake to INTEL CAPITAL for 19 bln INR

MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Mukesh Ambani led Diversified Indian Conglomerate Reliance Group’s flagship company Reliance Industries Ltd said of Intel Capital, investment arm of Intel Corporation having invested 19 billion (~1,894.50 crore) rupees in Jio Platforms inturn acquiring 0.39% equity stake in the Jio

AFFLE inks pact to acquire 8% stake in Indus OS, for undisclosed amount

MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Mumbai headquartered Advertising & Media sector company Affle (India) Ltd said of having acquired strategic stake in Indus OS, one of the India’s largest independent indigenous apps store. In a press-release titled, “Affle to acquire strategic stake in Indus OS,

MPS completes acquisition of HighWire Press to accelerate platform biz

LOS GATOS (CALIFORNIA, US) / MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Chennai headquartered commercial printing and stationary sector company MPS Ltd said of having completed acquisition of HighWire Press to accelerate platform business. In a press-release titled, “MPS completes acquisition of HighWire Press to accelerate Platform

Dr. REDDY’s LAB seals the acquisition of select biz divisions of WOCKHARDT

HYDERABAD / MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Healthcare and Pharmaceutical products manufacturing Indian company Dr. Reddy’s Laboratories Ltd said of having completed the acquisition of select business divisions of Wockhardt. In a press-release titled, “Dr. Reddy’s Laboratories completes the acquisition of select business divisions of

AGC NETWORKs acquires IT Cos in Australia, New Zealand cos paying $2.75 mln

MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Mumbai headquartered Ruia family led Diversified Indian Conglomerate Essar Group’s Information Technology (IT) Consulting & Software services providing arm AGC Networks Ltd said that its Australian and New Zealand subsidiary companies Black Box Networks Services Australia Pty Ltd and Black

CIPLA acquires 21.85% stake in Pharma Digital App GoApptiv

MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Mumbai headquartered Pharmaceutical products manufacturing Indian company Cipla Ltd said of having acquired 21.85% stake in GoApptiv Private Ltd paying 9 crore (~90 million) rupees in two phases, further acquiring pharma digital app GoApptiv, which offers digital solutions for integrated

AFFLE to acquire APPNEXT to strengthen the mobile app platform globally

MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered advertising & media sector company Affle (India) Ltd said of having inked definitive binding agreement to acquire full control of Appnext with an intent to strengthen the mobile app recommendation platform globally. In a press-release titled, “Affle to

SILVER LAKE & Co-Investors buy addl 2.08% stake in (RIL’s) JIO Platforms

MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Mumbai headquartered Mukesh Ambani led Diversified Indian Conglomerate Reliance Group’s flagship company Reliance Industries Ltd said of Silver Lake and co-investors to buy additional 2.08% stake in JIO Platforms Ltd, paying 46 billion (~4,546.80 crore) rupees. In a press-release titled,

GENERAL ATLANTIC acquires 1.34% stake in (RIL) JIO PLATFORMS @ 66 bln INR

MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered Diversified Indian Conglomerate Mukesh Ambani led Reliance Group’s flagship company Reliance Industries Ltd said of General Atlantic, a leading global equity firm having invested 66 billion (~6,598.38 crore) rupees in Jio Platforms Ltd. In a press-release titled, “GENERAL

POLYCAB acquires Ryker JV buying TRAFIGURA’s 50% stake @ 300 mln INR

NEW DELHI / MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, New Delhi headquartered other electrical equipment and products manufacturing Indian company Polycab India Ltd said of having inked an agreement with Trafigura Pte Ltd, Singapore to buyout 50% stake in Ryker Base Pvt Ltd paying 300 million

Facebook invests 436 bln INR in (RIL) JIO PLATFORMS, acquiring 9.99% stake

MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered Mukesh Ambani led Indian Diversified Conglomerate – Reliance Group’s integrated oil & gas arm and parent company Reliance Industries Ltd said of Facebook Inc., having invested 436 billion (~43,574 crore) rupees in Jio Platform Ltd, acquiring 9.99% stake,

Hollywood’s STX Entertainment merges with EROS INTERNATIONAL

MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered leading Indian company engaged in Movies & Entertainment sector Eros International Media Ltd said of its parent company Eros International Plc having inked stock-for-stock merger agreement with its parent company STX Filmworks, Inc., pursuant to which STX Entertainment

AIRTEL to power Youth-First digital platform for fitness content

NEW DELHI / MUMBAI / RAJKOT – In a regulatory update, as submitted to the Indian Stock Exchanges, New Delhi headquartered Indian Telecom Major – Airtel Ltd said of prioritizing fitness content by powering the youth-first digital platform for fitness content, as the concept of being fit and fitness becomes mainstream in India, the company

VIMTA LABS completes acquisition of EMTAC LABS

HYDERABAD / MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Hyderabad headquartered healthcare services provider company Vimta Labs Ltd said of having completed acquisition of Emtac Laboratories with four months of the announcement which company had made on November 9, 2019 after acquiring 3.4 million (~34,16,500) shares of

KEC INTERNATIONAL acquires power transmission tower mfg facility in Dubai

MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered Heavy Electrical Equipment manufacturing company KEC International Ltd said of having acquired power transmission tower manufacturing asset in Dubai for an undisclosed amount, the acquired facility has installed manufacturing capacity of 50,000 tons per annum and was acquired

EMAMI sells its Cement biz to NIRMA Group Co for 55 bln rupees

KOLKATA | AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Kolkata headquartered personal care products manufacturing Indian company Emami Ltd said of having entered into binding agreement with Nuvoco Vistas Corporation Ltd (part of Ahmedabad headquartered Dr. Karsanbhai Patel led Nirma Group) for sale of its

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