M&A
Rupee Bank's administrator seeks its merger with another lender
Rupee Co-operative Bank has requested the RBI authorities to merge the bank with another, stronger lender.
M&A
M&A
Person care co mCaffeine in talks acquire firms in beauty care, male grooming segments
Personal care start-up mCaffeine – backed by Amicus Capital and RPSG Capital – is eyeing entry into new verticals across segments such as beauty care, cosmetics and male grooming. The company has already initiated…
M&A
Adani Group takes control of Guwahati, Jaipur airports
The Lokpriya Gopinath Bordoloi International Airport in Guwahati has been handed over to the Adani Group for operations, management and development responsibilities. The Adani Group has also taken over the operations…
M&A
Motherson Sumi acquires 55% in CIM Tools to enter aerospace
Noida-headquartered Motherson Sumi Systems Ltd has acquired 55% stake in CIM Tools Pvt Ltd at an enterprise value of INR 400.5 crore. The proposed transaction will enable diversification into a non-automotive industry…
M&A
Samvardhana Motherson buys majority stake in Chinese firm
Noida-headquartered Motherson Sumi Systems Ltd has acquired a 60% stake in Chiva-based Nanchang JMCG Mekra Lang Vehicle Mirror Co Ltd for CNY 33.6 million. JMCG (Jiangling Motors Corporation Group) will continue to…
M&A
Mumbai's Aditya Jyot Eye Hospital to merge with Agarwals eye care chain
Mumbai-based Aditya Jyot Eye Hospital is merging with Agarwals Eye Hospitals, which plans to invest INR 300 crore in Maharashtra over the next two years to set up 20 eye care hospitals. Aditya Jyot's merger will take…
M&A
Tata Sons acquires Air India for Rs.18,000-Cr; to bring 3 airlines under one wing
The Tata group has emerged as the successful bidder of the divestment process of the national carrier Air India. The Tata group's holding company, Tata Sons, through its wholly-owned subsidiary Talace Pvt Ltd…
M&A
Bounce close to acquiring EV maker 22 Motors
Bangalore-based scooter rental startup Bounce, which has been in stealth mode for over a year, is in the last leg to acquire Haryanad-headquartered 22 Motors in a cash and stock deal. The deal is likely to be finalized…
M&A
Japanese firm Oji acquires 80% stake in container manufacturer Empire Packages
Japan's Oji Holdings Corporation has acquired 80% of the issued shares of Empire Packages Pvt Ltd, which is a corrugated container manufacturer in Northern India. Empire provides services to fortune 500 companies and…
M&A
Mensa acquires 10 D2C brands
Thrasio-style venture Mensa Brands has acquired 10 new-age brands across categories such as fashion, beauty and personal care, and home. Karagiri, Priyaasi, Dennis Lingo, Ishin, Hubberholme, Anubhutee, Helea, Villain…