Canada’s Brookfield Asset Management Inc is set to acquire two wind farms from Hyderabad-based Axis Energy Ventures for Rs 500 crore, two people aware of the development told ET. This would be Brookfield’s first direct acquisition in the renewable energy space in India. — The Economic Times AZB ...

Syncsort, the global leader in Big Iron to Big Data software, today announced it has signed a definitive agreement to acquire Pitney Bowes’ Software Solutions business. Together, Syncsort and the Pitney Bowes software & data business becomes one of the largest data management software companies...

Lyon, FRANCE & Mangalore, INDIA: Solvay, a world-leading producer of flavour and fragrance ingredients, and Anthea, a leading manufacturer of specialty chemicals in India, have recently concluded an agreement to establish a joint venture named CATàSYNTH Speciality Chemicals, dedicated to the pr...

The Board of UFO Moviez India at its meeting held on 20 December 2019 has approved an investment of Rs 20 crore by way of convertible instruments over a period of three years in Cinestaan Digital. Post conversion of instruments, the company will get up to 62.50% stake in Cinestaan Digital. — Busines...

Global private equity firm Blackstone Group Inc has formed a joint venture with Greenbase, a Hiranandani group firm, to develop warehousing and logistics parks across the country. This marks the entry of Blackstone, a US-based company, into the Indian warehousing and logistics sector. — Mint Khaitan...

Adani Logistics, a wholly-owned subsidiary of Adani Ports on Friday announced its plans to acquire cold-chain operator Snowman Logistics with the latter’s promoter Gateway Distriparks Ltd making a complete exit. The Adani Group company will buy the 40.25% stake of Gateway Distriparks for a considera...

Business Transfer, according to reports . SoftBank-backed FirstCry, which retails products and also operates a social network catering to young parents and babies, is entering the education space by acquiring Oi Playschool in what is the first of its kind deal in a fast consolidating segment. FirstC...

After picking up a significant stake in Zoom car, Mahindra & Mahindra has picked up a majority 55% stake in Meru cabs for a cash consideration of Rs 201 crore in a bid to participate in the growing shared mobility space. The first tranche of investment will be made in October of 2019, the compa...

Lupin has entered into a definitive agreement to sell its entire stake in Japanese subsidiary Kyowa Pharmaceutical Industry Co. to Plutus Ltd for an enterprise value of 57.36 billion yen, or ₹3,702 crore. The Mumbai-based drugmaker will get 32.6 billion yen, or ₹2,104 crore, in cash from the sale of...

New Delhi: SoftBank-backed Oyo Hotels & Homes has acquired Fortune Select Metropolitan Jaipur, currently managed by ITC Hotels, as part of its plans to enter the four-star segment currently dominated by marquee Indian and international hotel chains. Oyo has acquired the Jaipur fourstar property...

The Board of Directors of ELANTAS Beck India Limited in its Meeting held on 23 December 2019 considered and approved the proposal of acquisition of Intangible Assets pertaining to the wire enamel business from hubergroup India Private Limited at a consideration, not exceeding Rs. 45 Crore, plus GST ...

NEW DELHI: Rent It Bae has acquired peer fashion rental services startup Flyrobe to consolidate operations, ramp up its omnichannel footprint and tap the overseas market. AARK World Pvt Ltd., which owns and operates Rent It Bae, said both businesses are being merged and will operate under the brand ...

Gateway Distriparks has entered into a share purchase agreement to sell its second CFS - Chandra CFS & Terminal Operators Private Limited - to Team Global Logistics Private Limited (TeamGlobal), for ₹47 crore and an amount equal to earnings before depreciation and amortisation for a period of A...

French communications network Havas Group has picked up a majority stake in India’s first and leading experiential agency Shobiz Experiential Communications. Founded in 1982, the Mumbai-headquartered Shobiz has five offices and 300 professionals across India. — The Economic Times Pioneer Legal advis...

Private equity firm Advent International (Advent) has signed a definitive agreement to acquire a majority interest in Bharat Serums and Vaccines Limited for an undisclosed sum. Bharat Serums is a biopharmaceutical player in women’s healthcare, assisted reproductive treatment, critical care and emerg...

Mumbai-based financial services group Centrum has acquired the business operations of New Delhi-headquartered microlender Altura Financial Services Ltd through its unit Centrum MicroCredit Ltd. — VCCircle The deal was structured by way of a business transfer arrangement. Post the acquisition, CML wi...

New Zealand’s Fonterra … agreed to sell its 50% stake in DFE Pharma for NZ$633 million ($400.37 million) as the world’s biggest dairy exporter trims its overseas portfolio to focus on domestic business. — Reuters It is a leading global excipients manufacturer for the pharmaceutical industry. DFE Pha...

Thomas Cook India has acquired brand rights of the iconic UK travel firm from its erstwhile promoters for Rs 14 crore. After the acquisition, Thomas Cook will not undergo a name change in India and will now focus on business consolidation and new technologies, said company chair Madhavan Menon. — Bu...

Muthoot Finance, the country’s largest gold financing company… has entered into an agreement to acquire IDBI Bank’s mutual fund unit, marking its entry into mutual fund asset management space. Muthoot Finance … has agreed to acquire IDBI Asset Management Ltd and IDBI MF Trustee Company or a total co...

Mid-range hotel chain Lemon Tree Hotels is acquiring Keys Hotels for Rs 471 crore in a bid to expand its portfolio. In a stock exchange notification, the New Delhi-based company said it would buy out Berggruen Hotels, the parent of Keys Hotels, at an enterprise valuation of Rs 605 crore ($87.6 milli...