Corporate / M&A
Corporate M&A
Ananya Birla is in advanced negotiations to acquire Micro Housing Finance Corp, which provides home loans to urban households with lower income, for around Rs 300 crore, reported ET and according to AZB’s press release.
Corporate M&A
“Engineering company Greaves Cotton Ltd said on Wednesday it has signed definitive agreements to acquire a majority stake in electric two-wheeler maker Ampere Vehicles Pvt. Ltd. Mumbai-headquartered Greaves Cotton will initially acquire 67% of Coimbatore-based Ampere for Rs 77 crore. It may buy another 13% for Rs 75.5 crore after three years, it said in a stock-exchange filing.” reported VCCircle.
Corporate M&A
“Wipro has won its largest information technology (IT) outsourcing contract, valued at $1.6bn over 10 years from Alight Solutions, the former benefits administration and human-resources outsourcing business of Aon,” reported Mint.