InCorp’s Chief Executive Officer and Founder, Atin Bhutani, along with the existing management team will continue to lead the business and be shareholders alongside TA. Financial terms of the transaction were not disclosed. — Ta Pioneer Legal advised TA Associates (Hong Kong) led by a team of for th...

Apax Partners has agreed to buy the software business of listed IT services company for ₹1,000 crore, in what would be the first PE buyout of an Indian software company. The software business that generates $60 million in revenues will be carved out of the main company through a business transfer ag...

Vegro Solutions GmBh Switzerland bought 100% shares of Fuerst Day Lawson (India) Private Limited, a portfolio company of Highlander Partners LP. Fuerst Day Lawson (India) Private Limited (“FDL India”) was the Indian arm of Fuerst Day Lawson Limited headquartered in London, UK. FDL India is a formula...

Switzerland-based mechanical engineering company Ammann Group Holding AG has fully acquired the stake of its partner in a joint venture . Gujarat Apollo Industries Ltd, which operates Ammann India Pvt. Ltd, is selling its 30% stake in the JV for Rs 202.43 crore (approximately $26.57 million at curre...

Murugappa Group firm Tube Investments of India Ltd (TIIL) has agreed to invest Rs 700 crore in CG Power and Industrial Solutions Ltd for a 51 per cent stake, the scam-hit company said on Friday. — Outlookindia The acquisition of the controlling interest in CG Power by the Murugappa Group is to be ex...

Syrma Technology and SGS Tekniks … announced a merger agreement to further strengthen their design and manufacturing capabilities for global and domestic OEMs. The cash cum stock merger will see the creation of Syrma SGS Technologies with a combined turnover of over Rs.1000 crores, with 55% revenues...

In an attempt to step up its game in the Kirana-tech space, American ecommerce giant Amazon has acquired Bengaluru-based retail tech startup Perpule for INR 107.6 Cr (about $14.5 Mn). The overall deal value is pegged at INR 150 Cr ($20 Mn) as Amazon is expected to pay additional remuneration to Perp...

Piramal Pharma Solutions (PPS) made this third acquisition of FY21 as it entered into an agreement to purchase a 100% stake in Hemmo Pharmaceuticals Pvt. Ltd for ₹775 crore, the companies said in a joint statement on Wednesday. PPS is the contract development and manufacturing organization (CDMO) of...

Hospital-focused supply chain platform Aknamed… said it has acquired Vardhman Health Specialties for USD 35 million (over Rs 250 crore). The transaction enables Aknamed to further promote excellence in the delivery of healthcare essentials, with an enhanced pan-India footprint with leadership in the...

DigiHealth Technologies LLP, a wholly-owned entity of ABCD Technologies LLP and now to be renamed as IndoHealth Services LLP has acquired 66.02% stake in AIOCD Pharmasofttech Awacs, though a combination of direct purchase of 50% ownership interest in AWACS and an indirect purchase of 16.02% ownershi...

Aditya Birla group owned Grasim is forming a joint venture in India with Germany-based Maschinenfabrik Reinhausen for manufacturing and selling composite hollow core insulators (CHCI) that caters to industries like the power transmission and distribution industry globally, Grasim announced on Tuesda...

Ceridian, a global leader in human capital management (HCM) technology, … announced it has entered into a definitive share purchase agreement to acquire Excelity Global Solutions Pte Ltd. (Excelity), an Asia-based HCM service provider from the Everstone Group. The transaction is expected to close du...

Coimbatore-based Ampere Vehicles, a wholly-owned electric mobility subsidiary of Greaves Cotton, on Monday announced the acquisition of 74% stake in Noida-based Bestway Agencies Pvt Ltd (BAPL) which sells e-rickshaws under the popular ELE brand. — The Financial Express Cyril Amarchand Mangaldas advi...

On Monday, the Competition Commission of India (CCI) tweeted that it had “received the first green channel combination pertaining to the acquisition of the Essel Mutual Fund by an entity forming a part of the Sachin Bansal Group.” The green channel is a speedier approval route for mergers and acquis...

ZF Friedrichshafen AG has successfully completed acquisition of commercial vehicle technology supplier WABCO Holdings on May 29, 2020, according to the press release by ZF Friedrichshafen AG and reports . The transaction involved ZF acquiring all the outstanding shares of WABCO at $136.50 per share ...

Intra-city bus shuttle operator Cityflo has raised funding from People Group founder Anupam Mittal and venture capital firm India Quotient… Mumbai-based Komorebi Tech Solutions Pvt. Ltd, which operates Cityflo, received the investment over the course of the past two months, one of the people cited a...

metadesc: Khaitan & Co advised Aditya Birla Fashion and Retail Limited led by its core team comprising partners Arindam Sarkar , Suhana Islam Murshedd , Shourya Sengupta and Sneh Lata with assistance from their due diligence team, senior associate Riya Dutta and associate Anwesha Sinha . Intell...

Fairtrade regulator on Tuesday said it has approved a combination proposal filed jointly by Keihin Corporation, Nissin Kogyo Co. Ltd., Showa Corporation and Hitachi Automotive Systems Ltd to form a joint venture between Honda Motor Co Ltd (HAMCL) and Hitachi Ltd. — Business Standard The transaction ...

SRF … informed the exchanges of the transfer of its plastics business to DSM India Private Limited. In accordance with a business transfer agreement entered into between the company and DSM India on May 11, the engineering plastics business has been divested to DSM India from August 1, it added. — H...

Freightos India and Freightos HK acquired Air Freight Bazaar Private Limited’s database, trade secrets and other related assets and set up operations in India. Our team provided complete legal assistance and support right from the revision of the documents, negotiations, execution and closing and po...