M&A
Health insurance third party administrator (TPA) Medi Assist is set to acquire a 100% stake in Mumbai-based Medvantage Insurance TPA Pvt Ltd, one of the country's oldest TPAs that manages corporate clients including…
M&A
Reliance Retail is close to acquiring Kerala's leading electronics and grocery retail chain, Bismi which runs 30 large format stores in the state with a mix of electronic and hypermarket formats. Reliance is in…
M&A
The Piramal Group and Zurich Insurance have decided to jointly bid (through a 50-50 SPV) for Reliance General Insurance, a subsidiary of the bankrupt ADA Group firm Reliance Capital. The groups had earlier submitted…
M&A
Publicly-listed Tata Steel Ltd (TSL) is to amalgamate six majority owned subsidiaries with itself. The subsidiaries are Tata Steel Long Products Ltd (where TSL holds 74.91%), The Tinplate Company of India Ltd (74.96%)…
M&A
Ahmedabad-based IT services firm Aarav Solutions has acquired Froot Research, a Pune-based provider of Artificial Intelligence algorithms and products, for USD 4 million.
M&A
Pune-based, publicly-listed Kirloskar Oil Engines Ltd (KOEL) is to acquire the balance 24% stake in Ahmedabad-based La-Gajjar Machineries Pvt Ltd (LGM). In 2017, KOEL had acquired 76% stake in LGM. LGM is a submersible…
M&A
Welspun Corp has emerged as the winning bidder of the shipyard of distressed borrower ABG Shipyard at an auction for a consideration of INR 659 crore. Welspun Corp and its subsidiary Nauyaan Shipyard would acquire the…
M&A
Pastel, an affiliate of Singapore Telecommunications (Singtel), has sold around 1.6% stake (94 million shares) in Bharti Airtel to Bharti Telecom Ltd (BTL), a key promoter company, through a block deal on the NSE at…
M&A
Publicly listed KPIT Technologies has wholly acquired Technica Engineering, a Munich, Germany-based company specializing in production-ready system prototyping and automotive ethernet products, in an all-cash deal. The…
M&A
Asia Healthcare Holdings (AHH) owned maternity and paediatrics Motherhood Hospitals has acquired Bengaluru-based Femiint Hospitals. With this acquisition, Motherhood Hospitals will now have 7 hospitals and 2 outpatient…
