M&A
State-owned Power Grid Corporation of India Ltd (PGCIL) has acquired Mohanlalganj Transmission Ltd (MTL) in Uttar Pradesh for INR 9.11 crore, including 10,000 equity shares. Incorporated in June 2021, MTL is an SPV…
M&A
Info Edge, through its subsidiary Allcheckdeals India, has acquired a 57.16% stake in 4B Networks, a Mumbai-based proptech startup led by Housing.com's founder Rahul Yadav. for INR 137 crore. Info Edge is likely to…
M&A
Food and grocery delivery unicorn Swiggy has emerged as one of the possible contenders for the India operations of German wholesale retailer Metro AG. Swiggy has evinced interest in the acquisition, and a potential…
M&A
Ronnie Screwvala-promoted online learning and certification platform upGrad is in talks to acquire a Noida-based test-prep company Exampur for INR 100-250 crore. Exampur offers about 200 preparation courses for…
M&A
Publicly listed Sun Pharmaceutical Industries Ltd has acquired the "Uractiv" brand portfolio from Romania-based Fiterman Pharma. The portfolio - which comprises food supplements including minerals, vitamins, adjuvants…
M&A
SatSure, a deep tech startup working at the intersection of space tech, artificial intelligence (AI), and software-as-a-service (SaaS), has acquired Philadelphia-based Old City Innovations (OCI - formerly Geospoc LLC…
M&A
Adani Defence Systems and Technologies Ltd - a wholly-owned subsidiary of publicly listed Adani Enterprises Ltd - is to acquire a 50% stake in General Aeronautics Pvt Ltd, a Bengaluru-based provider of robotic drones…
M&A
Pune-based manufacturer Darshana Industries Pvt Ltd has been acquired by US-based Southco for USD 50 million. Darshana, founded in 1982, makes access hardware and mechanical components like handles, locks, hinges and…
M&A
Reliance Industries, an HPCL-Lakshmi Mittal joint venture and two Jindal group companies are among seven entities that have shown interest in buying bankrupt JBF Petrochemicals, a purified terephthalic acid (PTA)…
M&A
Shell is in talks with a consortium of Indian energy companies to sell its stake in a major liquefied natural gas plant in Russia which the British MNC abandoned following Moscow's invasion of Ukraine. India is willing…
