State-owned lender Bank of Baroda (BoB), on Friday said that it has signed a binding agreement with BNP Paribas Asset Management Asia Ltd for a potential merger of their mutual fund business, in an all-stock deal, the bank said in a stock exchange filing. — Mint AZB & Partners advised BNP Parib...

NEW DELHI : Hakuhodo Inc, Japan’s second largest advertising company has acquired AdGlobal360 for an undisclosed sum. Adglobal360 was ranked as the fastest growing MarTech Company in 2019 by Deloitte. — Mint Pioneer Legal advised AdGlobal360 India Private Limited led by a team of partner Pritha Jha ...

Indian movie producer Eros International Plc is merging with privately-held U.S. filmmaker STX Entertainment in an all-stock deal that brings together Bollywood and Hollywood. The combined company, to be known as Eros STX Global Corp., will be publicly traded and have a valuation of more than $1 bil...

NEW DELHI : India’s largest power generation utility—NTPC Ltd—-on Thursday announced the Rs 11,500 crore acquisition of hydropower firms THDC India Ltd and North Eastern Electric Power Corporation Ltd. (Neepco), as part of one of the government’s largest asset-sale exercises. — Mint Trilegal advised...

BigBasket … announced 100% acquisition of online milk delivery app DailyNinja. The deal will help the Bengaluru-based online grocer to consolidate its position in the subscription delivery space in the city, the firm said. — The Financial Express Algo Legal advised DailyNinja Delivery Services Priva...

Sagent Lending Technologies has entered an agreement to acquire Australian mortgage technology provider ISGN Corporation.The mortgage servicing technology provider said that the acquisition would expand Sagent’s loan servicing products. Sagent also said that it aims to enhance its “comprehensive cap...

Paras Healthcare Private Limited (client) acquired Fortis JK Hospital through the purchase of medical assets of Plus Medicare Hospitals Private Limited under an Asset Transfer and Framework Agreement. Paras will manage and run the operations of the hospital of Plus Medicare Hospitals Private Limited...

Sumitomo Chemical India Limited (‘SCIL’ or ‘the Company’), a subsidiary of one of the leading global chemical companies Sumitomo Chemical Co., Ltd., Japan (‘SCC Japan’) and a leading player in Indian agrochemical, household insecticides and animal nutrition sectors, announced the completion of the m...

Colliers International, a Nasdaq-listed commercial real estate services and investment management firm, has acquired a controlling interest in Synergy Property Development Services, a Bengaluru-based project management firm. — Hindu Business Line AZB & Partners advised Colliers International In...

Genpact said it would buy digital consultancy Rightpoint, for an undisclosed amount, as the business process management company looks at boosting its ability to win digital transformation projects. Chicago-based Rightpoint was founded in 2007 and focuses on customer experience. — The Economic Times ...

Singapore-based AnyMind Group has fully acquired app-developer-focussed mobile video advertising and monetisation platform Pokkt. — VCCircle DMD Advocates advised AnyMind Group Limited. led by a team of partner Sumit Sinha and senior associate Srikant C V . Also involved on due diligence of the Indi...

IT peripherals and services firm Ricoh India has renamed itself as Minosha Digital Solutions, a top company official said on Monday. A consortium, led by investor Kalpraj Dharamshi and Rekha Jhunjhunwala, has taken over the company following the National Company Law Tribunal’‘s (NCLT) approval. — Ou...

US retail giant Walmart and Flipkart on Wednesday said they will jointly invest in Bengaluru-based business-to-business (B2B) supply chain company, Ninjacart. The three partners aim to help ensure better access to high-quality fresh produce for retailers and consumers across India while also creatin...

Excel Industries Ltd, India’s first domestic chemical manufacture industry will acquire the chemical manufacturing unit of NetMatrix Crop Care Limited according to a meeting between the Board of Directors of Excel Industries […]. The meeting approved the acquisition of a chemical manufacturing unit ...

Mortgage lender HDFC on Thursday said it has completed the acquisition of majority stake in Apollo Munich Health Insurance for ₹1,495.81 crore. — Mint AZB & Partners advised HDFC Limited led by a team of partners Ashwath Rau , Rajendra Barot , Kashish Bhatia and Arvind Ramesh , senior associate...

The government completed strategic sale of Kamarajar Port Ltd to Chennai Port Trust, it said in a statement Friday, where it sold 74.49% stake for Rs 2,383 crore. The announcement followed strategic sale of state owned power companies THDC and NEEPCO Friday, which netted the government Rs 11,500 cro...

Private equity firm True North has agreed to acquire Glenmark Pharmaceuticals Ltd’s gynaecology business in India and Nepal for Rs 115 crore (about $16.2 million) in cash. — VCCircle Cyril Amarchand Mangaldas advised Glenmark Pharmaceuticals Limited led by a team of partner Manisha Kumar , and senio...

Alkem Laboratories Limited informed the markets … that the company has acquired an undertaking, as a whole and on a going and running concern basis from Cachet Pharmaceuticals Private Limited, a subsidiary of the company. The cost of acquisition is Rs. 51,85,00,000. — DSIJ Alkem Laboratories Limited...

ArcelorMittal India Private Limited acquired Odisha Slurry Pipeline Infrastructure Limited through the corporate insolvency resolution process conducted under the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal (NCLT) has approved a Rs 2,359-crore bid of ArcelorMittal India f...

M3 Global Research […] announced the acquisition of Manthan’s healthcare market research business. This bold move facilitates further growth for M3 and consolidates its position as the leading healthcare market research provider. Headquartered in Bangalore, India, with offices in USA, Singapore, and...