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Top M&A deals in India

December 28, 2016 | Bruhadeeswaran R

Merger and acquisition activity in India perked up this year thanks to a few multi-billion-dollar deals that companies struck either to slash debt or consolidate their market share.

Spain’s Abertis buys two road assets from SBI-Macquarie infrastructure funds

December 27, 2016 | Keshav Sunkara

Spain’s toll roads operator Abertis entered into the Indian market with the acquisition of two road assets from two infrastructure funds jointly managed by India’s largest lender State Bank of India and Australia’s private equity firm Macquarie for a consideration of €128 million (about Rs 905 cr

ONGC to acquire GSPC’s KG basin assets for $1.2 bn

December 24, 2016 | TEAM VCC

Oil and Natural Gas Corp (ONGC), India’s biggest explorer, has agreed to acquire Gujarat State Petroleum Corporation’s (GSPC) 80% stake in a gas field off India’s east coast for $995.26 million (Rs 6,750 crore).

Reliance Infrastructure exits Indian Energy Exchange

December 23, 2016 | Ranjani Raghavan

Billionaire Anil Ambani-led Reliance Infrastructure Ltd has sold its stake in Indian Energy Exchange Ltd (IEX), earning multi-fold returns on its nine-year-old bet. 

Tata Steel to buy iron ore assets of erstwhile Stemcor

December 23, 2016 | TEAM VCC

Tata Steel Ltd said on Friday it has signed a definitive pact to acquire Brahmani River Pellets Ltd, a supplier of iron ore pellets, for Rs 900 crore ($132 mn) including debt.

Sun Pharma acquires 14.58% stake in scPharmaceuticals for $13 mn

December 23, 2016 | Ranjani Raghavan

Drugmaker Sun Pharmaceutical Industries Ltd has acquired a stake in US-based pharmaceuticals company scPharmaceuticals Inc for $13 million, the firm told stock exchanges on Friday.

Centrum promoter buys back small stake from Everstone

December 22, 2016 | Bruhadeeswaran R

Promoters of Mumbai-based financial services firm Centrum Capital Ltd have picked a small stake in the company from private equity firm Everstone Capital.

Sun Pharma to acquire cancer drug from Novartis for $175 mn

December 22, 2016 | TEAM VCC

Sun Pharmaceutical Industries Ltd, India’s biggest drugmaker, plans to acquire skin cancer drug Odomzo from Swiss firm Novartis AG for an upfront payment of $175 million (Rs 1,190 crore).

Australia set for strong M&A year but curbs on foreign investors may weigh

December 21, 2016 | Reuters

Australia's privatisation drive is set to draw billions of dollars of acquisition funds in 2017 adding to what corporate advisers expect to be a strong year for dealmaking, albeit one tempered by potential restrictions on foreign suitors.

MSDF-backed OnlineTyari acqui-hires photo app Plix

December 21, 2016 | Dearton Thomas Hector

Next Door Learning Solutions Pvt. Ltd, which runs multi-lingual test preparation startup OnlineTyari, has acqui-hired photo-sharing app maker Plix in a cash-and-equity deal. 

Godrej Consumer raises stake in Kenya’s Charm Industries to 100%

December 21, 2016 | Debjyoti Roy

Godrej Consumer Products Ltd (GCPL) has acquired the 49% stake it didn’t already own in Kenya-based Charm Industries.

Bharti Airtel to buy subsea cable network from Orascom

December 20, 2016 | TEAM VCC

Bharti Airtel Ltd said on Tuesday it has agreed to acquire a subsea cable network of Egyptian firm Orascom Telecom Media and Technology Holding SAE that connects India and Europe via the Middle East.

Exclusive: Online wedding service Shaadi.com buys dating app Frivil

December 20, 2016 | Priya Prasad

Shaadi.com, operated by People Interactive India Pvt Ltd, has acquired Frivil, a mobile-based dating app owned by Delhi-based Thrill Pte Ltd for an undisclosed amount.

ScoopWhoop buys Blume Ventures-backed Touchfone

December 19, 2016 | Priya Singh

Media startup ScoopWhoop has acquired video delivery and ad targeting startup Touchfone Technologies for an undisclosed amount in a cash-and-stock deal.

Ambit ties up with Japanese investment bank Daiwa

December 16, 2016 | Ankit Doshi

Financial services firm Ambit Pvt. Ltd has forged a strategic alliance with Daiwa Securities Group Inc., a Japanese investment bank, to jointly pursue merger and acquisition (M&A) intermediation opportunities in India and Japan.

Zee Learn scraps merger with Tree House Education

December 16, 2016 | Debjyoti Roy

Zee Learn Ltd, the education arm of media baron Subhash Chandra’s Essel Group, said on Friday it has decided to scrap a planned merger with pre-school chain Tree House Education & Accessories Ltd.

HUL sells leather shoes export biz to Hindustan Foods

December 16, 2016 | Debjyoti Roy

FMCG major Hindustan Unilever Ltd (HUL) has sold off its subsidiary Pond’s Exports Ltd, a leather shoes exporter, to Goa-based Hindustan Foods Ltd (HFL) for an undisclosed amount, it said in a stock market disclosure.

Sweden’s Starbreeze acquires Dhruva Interactive for $8.5 mn

December 16, 2016 | Arti Singh

Swedish game developer Starbreeze AB has acquired 90.5% stake in Indian art production and game development company Dhruva Interactive for $8.5 million (nearly Rs 57.6 crore).

Rakesh Jhunjhunwala picks 12.7% stake in 'Being Human' brand licensee

December 16, 2016 | Ankit Doshi

Ace investor Rakesh Jhunjhunwala acquired a 12.74% stake in Mumbai-based apparel manufacturing firm Mandhana Retail Ventures Ltd (MVRL) on Wednesday, the day its shares listed on stock exchanges following its demerger from Mandhana Industries Ltd (MIL).

Practo acquires analytics startup Enlightiks for $13.9 mn

December 16, 2016 | Shruti Jain

Practo Technologies Pvt. Ltd, a web-based clinic management software developer, has acquired US-based data analytics firm Enlightiks Inc. and its Indian operations in a cash-and-stock deal.



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