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Fortis Healthcare Limited was aquired by Malaysian-Singaporean healthcare group IHH Healthcare Berhad (through its wholly owned subsidiary, Northern TK Venture Pte Ltd), through a preferential issue of equity shares of Fortis for a consideration of Rs 4,000 crores at a price of Rs 170 per Equity Share amounting to 31.1% of Fortis’ share capital, as reported by Mint and others.

“Online travel agency Cleartrip has acquired Saudi Arabian travel start-up Flyin with the deal size pegged at $60-70m by sources close to the development,” reported Mint.

“Symphony Ltd, one of the country’s leading air-cooler manufacturers, on Friday announced that it aims to acquire Australia’s Climate Technologies Pty Limited. The Ahmedabad-based company has signed an agreement to buy 95% equity stake in Climate Technologies, Australia’s leading manufacturer of cooling and heating appliances, it said,” reported Mint.

Japan’s Mitsubishi Chemical Corporation will buy the PVC compound business of Mumbai’s Welset Plast Extrusions, which is engaged in master batch (including PVC master batch) and PVC compound businesses. The transaction will complete in autumn of this year, according to Mitsubishi’s press release.

Global leader in mobility safety, US-based Key Safety Systems has completed the global acquisition of the bankrupt Japanese car safety systems maker Takata Corp. for $1.58 billion through a combination of equity and debt, to merge and form a combined entity re-branded as Joyson Safety Systems and is headquartered in Michigan, US, reported Economic Times. The deal earlier announced on June 25, 2017, was funded by a consortium led by Joyson Electronics and Asia-based PE firm PAG Asia capital and did not involve liabilities related to the recall of Takata’s ammonium nitrate airbag inflators.

Four Indian law firms are advising in world-record breaking sale of Indian unicorn Flipkart, the biggest domestic Amazon competitor, to Walmart.

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