Page 4 - Acquisition

HSBC's AMC acquires L&T Mutual Fund business for $425 million

If the conversion rate of Rs 75 is taken, the deal will be worth approximately Rs 3,188 crore

Amazon to acquire Prione Business, company's JV with Narayana Murthy firm

Catamaran belongs to Infosys co-founder N R Narayana Murthy; the two partners announced in August they would discontinue the venture when its term ends in May 2022.

NRI industrialist Lord Swraj Paul eyes UK, India acquisitions

The focus will be on the company's strengths in the manufacturing sector, with businesses in the field of steel products under consideration

Vedanta acquires Goa-based Nicomet; becomes only nickel producer in India

Nicomet has a capacity to produce 7.5 tonne per annum of nickel and cobalt.

SME neo-banking platform Open buys Finin for $10 mn in cash-and-stock deal

Deal will strengthen Open's cloud native enterprise offering BankingStack through which it has deployed SME digital banking solutions for 17 banks

Good Glamm buys MissMalini Entertainment to expand footprint in celeb media

The strategic acquisition will help Good Glamm Group enhance content-to commerce strategy via MissMalini's reach and incorporate celebrity and influencer talent management in its offerings

Mensa Brands acquires online kidswear firm LilPicks for unknown sum

Founded in 2017, LilPicks has grown rapidly over the past four years and offers trendy, quality, designer, and affordable clothing, and accessories for children

Pfizer to acquire Arena Pharmaceuticals at 100% premium in $6.7-bn deal

The U.S. drugmaker will pay $100 a share in an all-cash transaction for San Diego-based Arena, bringing assets in gastroenterology, dermatology and cardiology

Managed services firm Prodapt buys UK-based SLR Dynamics for unknown sum

SLR Dynamics counts leading European and African telcos as customers. This is Prodapt's second acquisition this year following its purchase of Silicon Valley-based Innovative Logic in August

MyGate acquires group buying platform MyCommunity Genie for cash and stocks

The acquisition would allow MyGate to scale its community commerce segment

Delhivery buys US-based UAS platform Transition Robotics for unknown sum

All intellectual property registered in the US will be assigned to Delhivery with this deal, boosting its capabilities aerial photography, remote sensing, inspection, and surveys

Brightcom acquires MediaMint for Rs 566 crore in cash-and-stock deal

MediaMint has over 1,300 employees and boasts of international clients such as Pinterest, New York Times, Netflix, Cox Automotive and Expedia, among others

upGrad to acquire higher education firm Talentedge for Rs 400-500 cr

This would be one of the largest consolidations in the Indian Higher education space, in which the No. 1 player in the space is acquiring the No. 4 player

Indo Count buys GHCL's home textiles business, IP, inventory for Rs 576 cr

The deal does not include GHCL's spinning unit in Tamil Nadu's Madurai

Ananth Narayanan-led Mensa Brands acquires home decor label Folkulture

Deal value undisclosed; Folkulture retails largely on Amazon in North America and UK; is recognised for unique and elegant crafts, designed to embellish modern homes with a hint of bohemian culture

Tech Mahindra pays $62 mn cash to buy WFH solutions firm Activus Connect

The acquisition will bolster Tech Mahindra's capabilities in emerging workplace solutions and strengthen the end-to-end CX portfolio, Tech Mahindra said in a statement

Near-term growth trajectory to remain strong as Wipro banks on large deals

Despite cost pressures, margins expected to sustain on operating leverage

Manipal Hospitals in advanced talks to acquire AMRI for Rs 1,100 crore

Source says clarity on deal finalisation by mid-December; AMRI has four hospitals in Kolkata, one in Bhubaneswar

Ipca Labs' board approves acquisition of over 26% stake in Lyka Labs

Lyka Labs is engaged in the manufacturing and marketing of injectables, lyophilized injectables and topical formulations

Chennai-based UDS buys majority stake in global sales enablement co Denave

Deal value not disclosed; PwC was financial advisor for the transaction