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06 July 2017
Corporate M&A

"Online tutoring firm BYJU’s has announced the acquisition of TutorVista and Edurite from Pearson. It said these acquisitions will help it expand in newer markets as well as create a diverse product portfolio," reported Your Story.

28 June 2017
Corporate M&A

Kirloskar Oil Engines Limited, manufacturers of diesel engines, gensets and agricultural pumpsets, have entered into an agreement to acquire a majority stake of 76% in La-Gajjar Machineries Pvt. Ltd., the maker of Varuna and Raindrop brands of electric pumps, as reported by Livemint.

16 June 2017
Corporate M&A

Intertape, the Canadian packaging company with executive headquarters in Sarasota County, announced Thursday it is making a “greenfield” investment in Capstone Polyweave Private Limited, which plans to build a $30 million manufacturing facility in Karoli, India. Capstone’s shareholders also own and operate Delhi-based Airtrax Polymers Private Limited, which manufactures and sells woven products that are used in the building and construction industry. Airtrax posted $11 million in revenues for the year ended March 31.

15 June 2017
Corporate M&A

Ostro Energy is in the process of acquiring a 49% stake in a 60 MW NTPC Project in the state of Rajasthan. Suzlon will be responsible for the project commissioning, expectedly by September 2017.

12 June 2017
Corporate M&A

“Paint manufacturer Berger Paints India Ltd has completed the acquisition of specialty coatings maker Saboo Coatings Pvt. Ltd, it said in a stock-exchange filing on Tuesday. It acquired Saboo Coatings’ shares for Rs 81.77 crore”, reported VCCircle.

09 June 2017
Corporate M&A

“Drug firm Strides Shasun today said it has inked a pact with Vivimed Labs to set up two joint venture firms,” reported PTI.

02 June 2017
Corporate M&A

Otsuka Pharmaceutical Factory, Inc, a leading Japanese pharmaceuticals manufacturing company, has announced a proposal to acquire an additional 20% stake from its joint venture partner, Claris Lifesciences Limited for a consideration of about Rs 128.9 crores (US$20 million) in its existing Indian joint venture, Otsuka Pharmaceutical India Private Limited, as reported by Business Standard.

30 May 2017
Corporate M&A

VPC GmbH has acquired 50% controlling stake in Encotec Energy (India) Pvt. Ltd for an approximate value of Rs. 14.43 crores (€2 million). Encotec offers operation management for power plants, supply of photovoltaic systems and trading of Chinese power plant spare parts.

25 May 2017
Corporate M&A

Mswipe Technologies Private Limited, a mobile point of sale (POS) service provider, is to acquire the offline merchant-acquisition point-of-sale (POS) vertical business of PayU Payments Private Limited, as reported by Medianama and others.

15 May 2017
Corporate M&A

“Media baron Subash Chandra-led Zee Entertainment Enterprises Ltd has decided to acquire an 80% stake in tech startup Margo Networks Pvt. Ltd for Rs 75 crore ($11.5 million),” reported VC Circle.

09 May 2017
Corporate M&A

dated: now“Kia Motors, a minority-owned subsidiary of Korean auto major Hyundai Motor Company, is likely to set up a manufacturing facilty in Andhra Pradesh with an investment worth Rs 10,300 crore. The car manufacturing facility, a first for Andhra Pradesh, will involve two phases with a cumulative investment of $1.6 billion, or Rs 10,300 crore, with first phase of investment amounting to about Rs 6,000 crore,” reported the Hindustan Times.

03 May 2017
Corporate M&A

“Canadian Private equity firm Clairvest Group and a consortium of investors have officially announced that they have acquired a majority stake in Head Infotech, the company that operates leading rummy website Ace2three for around $73.7 million (approximately Rs. 474 crores),” reported Glaws.

24 April 2017
Corporate M&A

“Everest Kanto Cylinder has entered into an asset purchase agreement with SNF Flopam India to sell its Land, Building and Electric Installations in Gandhidham, Gujarat for consideration of $29 million. The expected date of completion of sale would be April 30, 2017,” reported Mint.

05 April 2017
Corporate M&A

“Terex Corporation is selling its India-based compact construction business to Manitou BF (Manitou). Manitou is a leader in all terrain material handling products. Terex Equipment Private Limited (TEPL) manufactures and sells backhoe loaders, engages in the sale of wheel loaders and contract manufactures and sells skid steer loaders,” reported Business Wire.

04 April 2017
Corporate M&A

Platinum Partners Mumbai partner Gautam Bhat with associate Abhik Ghosh and associate Ushma Marwah, and Sidley Austin led by partner Manoj Bhargava, of counsel Vivek Baid, and associate Rishabh Gupta, advised Essar on the sale of its BPO subsidiary Aegis to Capital Square partners.

31 March 2017
Corporate M&A

Nishith Desai Associates Huzefa Tavawalla along with Kartik Maheshwari and Poonam Sharma acted as Indian and transaction counsel for CLIENT:: Zensar ;;.