Mergers & Acquisitions
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Opportunity India Desk Apr 10, 2018 - 1 min readInterGlobe Enterprises Pvt. Ltd, the parent of airline IndiGo, is in the process of acquiring commercial real estate project WaveRock which is expected to be valued at Rs 1,800 crore ($277 million). WaveRock is a joint venture between Singapore sovereign wealth fund GIC and US-based developer Tishman Speyer. The ...
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Opportunity India Desk Apr 07, 2018 - 1 min readThe third largest software services of the country, Wipro India's has confirmed to sell 63% of its stake in Wipro Airport IT to Antariksh Softtech in a Rs 3.15 crore deal. Wipro Airport IT Services Ltd is a joint venture (JV) between Wipro (74%) and Delhi International Airport Ltd or DIAL ...
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Opportunity India Desk Apr 06, 2018 - 2 min readTop Indian carrier Interglobe Aviation Ltd, which operates under the IndiGo brand has opted out of a race to acquire state-run Air India due to unfitting norms set by the government. The Indian government, last week released bid documents seeking to sell a 76 percent stake in the money-losing flag in ...
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Opportunity India Desk Apr 06, 2018 - 1 min readLife sciences and consumer services provider C3i Solutions which is the subsidiary of US-based drug maker Merck & Co. has received acquisition confirmation from IT firm HCL Technologies for $60 million (Rs 390 crore) in cash, the company said in a stock-exchange disclosure. HCL Technologies will acquire 100% stake in C3i ...
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Opportunity India Desk Apr 05, 2018 - 2 min readFinnish industrial machinery company Metso has confirmed to acquire the valve automation division of Indian valve technology company Rotex Manufacturers & Engineers Pvt. Ltd for an undisclosed amount. Rotex plans to use the proceeds from the sale for restructuring group companies and developing new products, managing director Amit Shah said.
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Opportunity India Desk Apr 03, 2018 - 2 min readIn a bid to gain a bigger share of the Indian market, homegrown cab-hailing major Ola has acquired Ridlr, a public-transport ticketing app, for an undisclosed sum. Ridlr offers information on bus and train routes in Delhi and Mumbai, and lets users book tickets for public transport besides giving them traffic ...
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Opportunity India Desk Apr 02, 2018 - 1 min readChinese e-commerce giant Alibaba Group Holding Ltd is progressing in the development to buy the remaining shares of Ele.me, a major platform in China's food delivery market, as it competes with Tencent Holdings Ltd services for offline consumers. In a statement Alibaba said, Alibaba and affiliate Ant Small & Micro Financial ...
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Opportunity India Desk Mar 31, 2018 - 2 min readHinduja Global Solutions (HGS) has announced the acquisition of 57 percent stake in digital consulting services firm Element Solutions for $5 million by its subsidiary firm. The deal is expected to help grow the digital marketing and digital experience service business of the company. HGS Chief Executive Officer Partha DeSarkar ...
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Opportunity India Desk Mar 30, 2018 - 1 min readIndia’s largest and first homegrown activewear brand, HRX, has announced an equity partnership with CureFit, a healthcare startup to introduce HRX workouts and HRX athlete meal packs. Founded by Bollywood star Hrithik Roshan, HRX has strived hard to curate his signature workout for bringing like-minded people to becoming the best version ...
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Opportunity India Desk Mar 30, 2018 - 1 min readAs part of plans to monetise its non-core assets to improve the balance sheet, Tata Power Co. Ltd has planned to sell its defence business to Tata Advanced Systems Ltd for 22.30 billion rupees ($342.21 million). Tata Power’s defence unit, Strategic Engineering Division, manufactures and assembles missile launchers, and electronic warfare ...