Mergers & Acquisitions

The Adani Group has emerged as the sole bidder to submit an unconditional offer of Rs 126 billion for the acquisition of Jaiprakash Associates, which is currently undergoing insolvency proceedings. While the company received five […]

JSW Paints has signed a definitive agreement to acquire a 74.76 per cent stake in Akzo Nobel India Limited (ANIL) for Rs 89.86 billion. The deal value is subject to some closing adjustments. The transaction […]

Hindalco Industries Limited has acquired a 100 per cent stake in AluChem Companies, a US-based manufacturer of specialty alumina, for an enterprise value of Rs 10.73 billion ($125 million). The acquisition will be undertaken by […]

The Competition Commission of India (CCI) has approved Delhivery’s plan to acquire a 99.44 per cent stake in Ecom Express for around Rs 14 billion. Ecom Express provides logistics solutions to the Indian e-commerce industry. […]

JK Cement has formalised a joint venture (JV) with Saifco Cement, acquiring a 60 per cent stake in the company. With this move, JK Cement will become the first major cement manufacturer to establish production […]

Waaree Energies Limited has acquired a 100 per cent equity stake in Kamath Transformers Private Limited at an approximate cost of Rs 2.93 billion. The move is part of Waaree’s strategic expansion into the transformer […]

Asian Energy Services has acquired a 100 per cent stake in Kuiper Group from Gulf Capital for $9.25 million. Kuiper Group is a manpower outsourcing company in the energy sector. The company will acquire Kuiper […]

The Competition Commission of India (CCI) has reportedly approved the acquisition of shareholding in SNV Aviation Private Limited or Akasa Air. Approval for the acquisition of stakes were received for the PI Opportunities Fund-I Scheme-II […]

Delhivery Limited has signed a share purchase agreement (SPA) to acquire a 99.4 per cent stake in Ecom Express for Rs 14.07 billion. The transaction will be executed on a cash basis. With this move, […]

Sirius Digitech Limited, a joint venture of Adani Global Limited, Mauritius, has acquired the remaining 22.5 per cent stake in Parserlabs India Private Limited (PIPL). The 22,500 equity shares (Rs 1 face value each) were […]

Sirius Digitech Limited, a joint venture of Adani Global Limited, Mauritius, has acquired the remaining 22.5 per cent stake in Parserlabs India Private Limited (PIPL). The 22,500 equity shares (Rs 1 face value each) were […]

ONGC Green, a wholly owned subsidiary of Oil and Natural Gas Corporation (ONGC), has acquired a 100 per cent stake in PTC Energy for Rs 9.25 billion. ONGC Green acquired 654.1 million equity shares of […]

ONGC NTPC Green Limited (ONGPL), a joint venture (JV) between ONGC Green and NTPC Green Energy Limited, has signed a share purchase agreement to acquire a 100 per cent equity stake in Ayana Renewable Power […]

Shadowfax has acquired CriticaLog, a technology-driven logistics firm offering logistics services in high-value sectors such as healthcare, automotive, engineering, luxury high-value shipments, and IT supply chains. The deal value is not disclosed in the public […]

JK Cement has acquired a 60 per cent stake in Saifco Cement for Rs 1.74 billion. The move comes amid the company’s expectation of increased construction activity in Jammu and Kashmir where the company is […]

JSW Energy has acquired KSK Mahanadi Power Company for Rs 159.85 billion. KSK Mahanadi entered into a corporate insolvency resolution process in 2020 after defaulting on around Rs 293.3 billion in debt repayments. Other bidders […]

Waaree Energies Limited has signed a share purchase agreement to acquire a 100 per cent stake in Enel Green Power India Pvt Ltd (EGP India) from Enel Green Power Development S.R.L for Rs 7.92 billion. […]

Bharti Airtel and Vodafone Idea Limited (Vi) have exited their Wi-Fi joint venture, Firefly Networks, by selling their respective stakes to iBUS Network and Infrastructure Private Limited for Rs 90 million. iBUS Network is backed […]