Corporate M&A
Corporate M&A
“Oncology chain HealthCare Global Enterprises Ltd (HCG) said it will merge its clinical lab services unit, Triesta Sciences, with Strand Life Sciences Pvt Ltd in an all-stock deal,” reported VCCircle.
Corporate M&A
“Zee Learn Limited announced [in February] that it has signed definitive agreements to Invest Rs 200 crores in MT Educare Limited through a preferential allotment of equity shares (face value Rs 10 per share) for a stake of 44.53% in the expanded share capital of MT Educare Limited, the company said in a stock exchange filing,”, according to NDTV.
Corporate M&A
“Procter & Gamble has agreed to acquire Merck KGaA’s consumer health unit for 3.4 billion euros ($4.2 billion), giving it vitamin brands such as Seven Seas and greater exposure to Latin American and Asian markets,” reported CNBC. The transaction involved the acquisition of Merck Limited, a listed Indian company, through Procter & Gamble Overseas India B.V, including 3,300 Merck employees. A mandatory tender offer to minority shareholders will be made for the Indian entity.
Corporate M&A
“Greenko Group has agreed to buy Orange Renewable from Singapore’s AT Capital Group at an enterprise value of $1 billion, Greenko Group founder Mahesh Kolli said,” reported Mint in June.
Corporate M&A
“Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and part of the Adani Group, announced that it has executed a Share Purchase Agreement between Larsen and Toubro Ltd, Marine Infrastructure Developer Pvt. Ltd (MIDPL), L&T Shipbuilding Ltd and Adani Kattupalli Port Pvt. Ltd to acquire 97 per cent shares of MIDPL. MIDPL is the developer and operator of Kattupalli Port,” according to Steelguru.