M&A
Mumbai-based, publicly listed Rossari Biotech, a speciality chemicals company, is to acquire 100% of Sarigam, Gujarat-based Tristar Intermediates at an enterprise value of INR 120 crore. Rossari will initially acquire…
M&A
Trentar Pvt Ltd, a subsidiary of Mumbai-based Dorf Ketal Chemicals, has acquired a controlling stake in Noida-headquartered drone-based service provider and artificial intelligence (AI) powered platform GarudaUAV. This…
M&A
Reliance Industries Ltd (RIL) is in talks to buy Justdial from its founding promoters in a USD 800-900 million transaction. The transaction, if successful, will help Reliance Retail leverage the merchant database of…
M&A
NSEIT Ltd, a wholly-owned subsidiary of the National Stock Exchange of India Ltd, has acquired a majority stake in fellow Mumbai-listed cloud services startup Cloudxchange.io. Cloudxchange.io is a multi cloud managed…
M&A
Equitas Small Finance Bank (SFB) has received Reserve Bank of India's (RBI) nod to apply for the amalgamation of the promoter entity Equitas Holdings into itself. As per the SFB licensing guidelines of RBI, a promoter…
M&A
Rubicon Research Pvt Ltd, a specialty pharmaceutical company backed by General Electric, has acquired Cipla Ltd's wholly-owned subsidiary Meditab Specialities Ltd's oral liquid dosage and nasal product manufacturing…
M&A
Mumbai-based, publicly listed NBFC, Mahindra Financial Services, has acquired a 58.2% stake in Colombo-based Ideal Finance for LKR 2 billion (approx USD 10 million). Mahindra Finance entered into a contractual…
M&A
Mumbai-based edtech startup UpGrad has earmarked USD 250 million for mergers and acquisitions over the next 7-9 months on the back of its funding round earlier this year. The company, promoted by media entrepreneur…
M&A
Reliance Industries Ltd (RIL) is looking to buy Norwegian solar module maker REC Group as part of the oil refiner's INR 75,000 crore push into clean energy. REC Group has an annual solar panel production capacity of…
M&A
Tax filing and compliance company Clear (formerly Cleartax) has acquired fellow Bengaluru-based B2B payments startup yBANQ in a cash and equity deal. With this acquisition Clear, which is focused on software services…
