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Acquisition News

19 Aug 2023

Tata's Titan Acquires 27.18% Stake In Its Subsidiary CaratLane For Rs 4,621 Cr

Over the cost of the acquisition, Titan said it will pay "Rs 4,621 crore towards the purchase of 27.18 per cent equity shares of CaratLane on a fully diluted basis". CaratLane Trading is an unlisted entity and its turnover in FY23 stood at Rs 2,177 crore. It also operates in the manufacture and sale of jewellery.

06 Aug 2022

New Amazon acquire Roomba will make house cleaning easy: check out how

iRobot`s stock rose 19% in Friday trading to $59.66 after the Amazon deal. Besides sweeping up dirt, Roomba vacuums, costing as much as $1,000, collect spatial data on households. Amazon currently has cash and cash-equivalents of more than $37 billion and announced a deal last month to buy primary care provider One Medical.

16 Dec 2021

EaseMyTrip acquires YoloBus for undisclosed amount to expand non-air business

The acquisition includes the brand name of YoloBus, its technology, team, running business and data expertise. EaseMyTrip will leverage YoloBus' full-stack technology-enabled platform. YoloBus had raised Series-A funding, at a valuation of Rs 84 crore.

04 Feb 2019

Deshhit: Watch detailed analysis of all the major news of the day, 4th February 2019

This segment of Zee News brings detailed news stories of the day. Watch this video to know top stories of November 29, 2018.

04 Feb 2019

Deshhit: Plea filed in SC challenging acquisition of land adjoining the disputed site

A petition has been filed in Supreme Court challenging the acquisition of the adjoining land to the disputed site on the grounds that the Parliament has no legislative competence to take over/acquire the property belonging to the State" and is violative of Article 25

24 Nov 2016

BNP Paribas completes acquisition of Sharekhan

Global banking major BNP Paribas has completed the acquisition of domestic retail brokerage firm Sharekhan, a move that will help it to expand presence in broking space in the country.

Fortis Healthcare

17 Oct 2016

Fortis Healthcare shares climb nearly 5%

Shares of Fortis Healthcare rose nearly 5 percent Monday as the company completed the acquisition of 51 percent stake in Fortis Hospital and also acquired compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre.

Verizon Communications

25 Jul 2016

Verizon buys Yahoo for $4.8 billion: 10 things to know

Internet giant Yahoo on Monday announced that it has agreed a USD 4.83 billion deal to sell its core business to US tech giant Verizon Communications.

16 Jun 2016

Nokia moves to finalise acquisition of Alcatel-Lucent

The world's former top mobile phone maker had gained control of 80 percent of Alcatel-Lucent's shares by January but has struggled to mop up the remaining shareholders to gain full control of the company.

01 Mar 2016

Wipro completes HealthPlan buyout earlier-than-expected

Country's third largest IT services firm Wipro Tuesday said it has completed its USD 460 million-acquisition of HealthPlan Services earlier than expected.

11 Feb 2016

Wipro to acquire US-based HealthPlan Services for Rs 3,150 crore

HealthPlan Services employs over 2,000 associates. It offers technology platforms to health insurance companies (payers) in the individual, group and ancillary markets.

16 Nov 2015

Apollo Tyres buys out Germany's Reifencom for euro 45.6 mn

Apollo Tyres has acquired Reifencom GmbH, one of the largest tyre distributors in Germany, for euro 45.6 million (around Rs 301 crore).

American Tower Company

25 Oct 2015

Open for more acquisitions across Asia: ATC Asia Head

Boston-based American Tower Company, which recently signed a Rs 7,635 crore deal to acquire majority stake in Indian firm Viom Networks, is open to acquiring more telecom infrastructure companies in Asia.

20 Oct 2015

Indian IT firms to step up acquisitions to boost growth: S&P

Indian IT companies are likely to step up acquisitions to strengthen their competitive position and boost slowing growth, a report by Standard & Poor's Ratings Services said Tuesday.

18 Oct 2015

India among top 10 acquirers in US market this year

Majority of these deals were in the pharma sector, with six transactions totalling USD 1.5 billion, as Indian companies seek to increase their scale in the US generics market, said a report by Baker & McKenzie.

European Commission

02 Sep 2015

European Commission approves Shell's purchase of BG Group

The European Commission gave its approval Wednesday of Royal Dutch Shell's planned acquisition of Britain's BG Group in a deal that must also be cleared by Australian and Chinese regulators.

31 Aug 2015

Fairfax proposal to buy 26% in IIFL gets CCI nod

Fair trade regulator CCI has cleared Canadian investment holding company Fairfax's proposed acquisition of 26 percent stake in IIFL Holdings.

Reserve Bank of India

09 Jul 2015

RBI makes changes in NBFCs management control more stringent

The Reserve Bank Thursday tightened the norms for acquisition/transfer of control of non-banking financial companies (NBFCs) by making it mandatory to seek prior approval from it.

29 May 2015

Intel close to deal to buy Altera for $16 billion: Sources

Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $16 billion acquisition agreement, people familiar with the matter said on Friday.

19 May 2015

CCI approves acquisition of Alstom's India assets by GE

Fair trade regulator Competition Commission of India (CCI) has approved the acquisition of Alstom's India assets by General Electric as part of global deal.

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