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M&A

Boutique tax law firm ASC Legal merges with Phoenix Legal

March 09, 2017 | Maulik Vyas

Aseem Chawla, founder and managing partner of ASC Legal, has decided to merge his boutique tax law firm with mid-sized firm Phoenix Legal.

Dulux paint maker Akzo Nobel rejects $22 bn bid from US rival

March 09, 2017 | Reuters

Dutch paints and coatings maker Akzo Nobel NV rejected a 21 billion euro ($22 billion) bid from larger U.S. rival PPG Industries Inc on Thursday, saying instead it would "unlock value" by spinning off its chemicals business.

Amira Nature Foods acquires specialty rice brands in Germany

March 09, 2017 | Joseph Rai

Amira Nature Foods Ltd, a provider of Indian basmati rice, has acquired a portfolio of packaged specialty rice brands from a German firm Euro Basmati GmbH, it said in a statement.

Exclusive: Torrent Pharma buying select products of Novartis in India

March 09, 2017 | Joseph Rai

Ahmedabad-based drugmaker Torrent Pharmaceuticals Ltd has agreed to acquire some of the products of global healthcare company Novartis in India, VCCircle has learnt.

JPMorgan-backed Leap Green to buy Inox’s wind power plants

March 08, 2017 | TEAM VCC

Leap Green Energy Pvt. Ltd, a renewable energy firm majority owned by JPMorgan Asset Management, has agreed to acquire the entire operational wind power capacity of Inox Renewables Ltd.

Cold-pressed juice maker MyGreens acquires rival JusDivine

March 07, 2017 | Joseph Rai

Delhi-based cold-pressed juice maker MyGreens has acquired Food Ideas Pvt. Ltd-backed JusDivine in an all-equity deal. The deal value is about Rs 20 crore ($3 million), a person close to the development told VCCircle.

Star India makes strategic investment in media tech startup Zapr

March 07, 2017 | Disha Sharma

21st Century Fox-owned broadcaster Star India Pvt Ltd has picked up a minority stake in Bangalore-based media tech company Zapr Media Labs, a press statement issued by the firm stated.

Delhi HC restrains former Ranbaxy promoters to dilute or sell assets

March 07, 2017 | Maulik Vyas

The Delhi High Court, on Monday, directed former promoters of Ranbaxy Laboratories Ltd, Malvinder Mohan Singh and Shivinder Mohan Singh, to disclose their assets within a week, while restraining them from selling any asset without the court’s permission.

PE-backed MT Educare, Nspira Management in talks for potential M&A

March 06, 2017 | Joseph Rai

Mumbai-based education services firm MT Educare Ltd said on Monday it has agreed to evaluate a potential merger or acquisition with NSPIRA Management Services Pvt. Ltd.

Tatas in talks with foreign strategic investors to sell stake in mutual funds arm

March 06, 2017 | Bruhadeeswaran R

Tata Asset Management Ltd is looking to sell a stake in its mutual funds business to a foreign strategic partner to expand its presence in overseas markets, a media report said.

Exclusive: How much is Snapdeal likely to garner from FreeCharge sale?

March 06, 2017 | Dearton Thomas Hector, Bruhadeeswaran R & Arti Singh

When Jasper Infotech Pvt. Ltd-owned Snapdeal acquired mobile recharge firm FreeCharge in 2015, it was celebrated as the biggest acquisition in the internet business in India, with media reports pegging the deal at over Rs 2,800 crore ($400 million then).

Tech Mahindra to acquire CJS Solutions for $110 mn

March 06, 2017 | Ranjani Raghavan

Information technology company Tech Mahindra Ltd said on Monday it has agreed to acquire US-based healthcare software provider CJS Solutions Group LLC for an enterprise value of $110 million (Rs 734 crore).

IDFC to buy back Natixis’ stake in asset management biz

March 06, 2017 | Bruhadeeswaran R

IDFC Financial Holding Company Ltd (IDFC FHCL), a subsidiary of IDFC Ltd, is seeking to increase its stake in its mutual fund business by acquiring the stake held by Paris-based Natixis Global Asset Management for Rs 244.24 crore (around $37 million), the company said in a disclosure.

Cipla to sell South African animal health business for $29 mn

March 06, 2017 | Ranjani Raghavan

Mumbai-headquartered pharmaceutical major Cipla Ltd has agreed to sell its animal health business in South Africa to Ascendis Health Ltd for ZAR 375 million ($29 million), the company said in a statement.

Exclusive: Ford mulling buyout of Indian self-drive car rental firm

March 06, 2017 | Manu P Toms

Michigan-headquartered Ford Motor Company has seen its car sales in India stagnate over the years, but that doesn't seem to deter chairman Bill Ford from experimenting with mobility solutions and ramping up technology in the country. 

Khazanah-controlled IHH offloads over half of its stake in Apollo Hospitals

March 03, 2017 | Ranjani Raghavan

IHH Healthcare Berhad, majority owned by Malaysian sovereign wealth fund Khazanah Nasional Berhad, has sold over half of its holding in India’s largest hospital operator Apollo Hospitals Enterprise Ltd as it focuses on its independently owned businesses in the country.

Infibeam to acquire ERP solutions firm DRC Systems

March 03, 2017 | Disha Sharma

Infibeam Incorporation Ltd, the parent of online marketplace Infibeam and e-commerce enabler BuildaBazaar, is acquiring Ahmedabad-based DRC Systems Pvt. Ltd through its wholly-owned subsidiary NSI Infinium Global Pvt. Ltd.

Sequoia-backed KredX acquires New York-based Hummingbill

March 02, 2017 | Dearton Thomas Hector

Bangalore-based Minions Ventures Pvt. Ltd, which runs invoice discounting platform KredX, has acquired New York-headquartered accounts receivable software startup Hummingbill for an undisclosed sum, the company said in a press statement on Thursday.

Ankit Nagori and Mukesh Bansal’s CureFit acquires Kristys Kitchen

March 01, 2017 | Disha Sharma

Healthcare platform CureFit has acquired Bengaluru-based premium online food delivery startup  Kristys Kitchen in a cash and equity deal, the company said in a statement today. 

Exclusive: Sourav Ganguly eyeing stake in IPL team

February 28, 2017 | Debjyoti Roy

Former Indian cricket captain and Cricket Association of Bengal President Sourav Ganguly is planning to pick up a stake in an Indian Premier League (IPL) franchise, a person privy to the development told VCCircle.

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