M&A
BPCL divestment called off
The government has called off the present expression of interest (EoI) process for strategic disinvestment of state-run refiner BPCL. Department of Investment and Public Asset Management (DIPAM) had issued a global…
M&A
M&A
Torrent Pharma acquires 4 brands from Dr.Reddy's
Ahmedabad-based Torrent Pharmaceuticals has entered into an agreement with fellow publicly listed Dr. Reddy's to acquire four of the latter's brands: Styptovit-E, Finast, Finance, and Dynapress. Torrent Pharma will…
M&A
RattanIndia acquires 60% stake in military drones maker Throttle Aerospace
RattanIndia Enterprises Ltd has acquired a 60% stake in Bengaluru-based drone manufacturing startup Throttle Aerospace Systems. The acquisition was made through NeoSky India Ltd, a wholly-owned subsidiary of…
M&A
Aurum PropTech buys Nestaway unit, realty data analytics co. CareerSocially for Rs.61-Cr
Aurum PropTech Ltd (formerly Majesco Ltd) has acquired Goldman Sachs-backed Nestaway's co-living subsidiary HelloWorld Technologies India and real estate data analytics company CareerSocially for over INR 61 crore. The…
M&A
Blox acquires realty sales & marketing co Plinthstone REMA for $1.5 M
Real estate buying platform Blox has acquired fellow Mumbai-based property sales and marketing company Plinthstone REMA for USD 1.5 million (INR 11.6 crore). Plinthstone was founded in January 2021 as a…
M&A
Swan Energy acquires majority stake in Veritas (India) for Rs.260-Cr
Swan Energy Ltd (SEL) has acquired fellow Mumbai-headquartered Veritas (India) Ltd, a publicly listed chemical, petrochemicals and petroleum products manufacturing company with a global presence in an all-cash deal…
M&A
Germany's Metro AG plans to cash out of India biz for $1.75 B
Amazon, Thailand's largest conglomerate Charoen Pokphand (CP) Group, Reliance Retail, Avenue Supermarts which runs the DMart chain, Tata Group, Lulu Group, and PE fund Samara Capital are among those that have…
M&A
B2B marketplace OfBusiness' parent gets CCI nod to acquire steel maker SMW Ispat
The Competition Commission of India (CCI) has approved the proposal of OFB Tech, the parent company of B2B marketplace OfBusiness, to acquire a 100% stake in steel manufacturer SMW Ispat. SMW Ispat has a manufacturing…
M&A
Customer engagement platform CleverTap acquires San Francisco-based Leanplum
Mumbai-based customer retention platform CleverTap is to acquire San Francisco-based Leanplum in a stock-and-cash deal. The transaction is expected to close in the second quarter of 2022. Founded in 2012, Leanplum is a…
M&A
PhonePe acquires WealthDesk, OpenQ for $75-M
Walmart controled payments firm PhonePe will buy two wealth management firms: WealthDesk for about $50 million and OpenQ for nearly $25 million. The acquisitions will help PhonePe widen its offerings in a lucrative…