Business Standard

Page 7 - Acquisition

Mindtree completes acquisition of the NxT Digital Business from L&T

Mindtree on Friday said it has completed acquisition of the NxT Digital Business from Larsen and Toubro (L&T). In May this year, Mindtree had announced it will acquire the NxT Digital Business from Larsen and Toubro (L&T) for Rs 198 crore, a move that will enable the mid-sized IT firm to capture opportunities in the Internet of Things (IoT) and Industry 4.0 space. "The company has consummated the acquisition of L&T's digital transformation business undertaking (NxT Digital Business) on July 1, 2021, consequent to completion of customary conditions precedent agreed under the business transfer agreement dated May 20, 2021, between the company and L&T," Mindtree said in a regulatory filing. L&T is also the promoter/holding company of Mindtree with a 61.03 per cent stake in the Bengaluru-based company.

Mindtree completes acquisition of the NxT Digital Business from L&T
Updated On : 02 Jul 2021 | 1:17 PM IST

Shinsegae Group's E-Mart acquires 80.01% of shares in eBay Korea

Shinsegae Group's E-Mart officially acquired about 80 per cent of share in eBay Korea, which operates G market and Auction, on the 30th

Shinsegae Group's E-Mart acquires 80.01% of shares in eBay Korea
Updated On : 02 Jul 2021 | 8:47 AM IST

Zoom acquires German startup for ML-based translation capabilities

To bring real-time machine-learning-based translation to the platform, video conferencing app Zoom has signed a definitive agreement to acquire German startup Kites

Zoom acquires German startup for ML-based translation capabilities
Updated On : 30 Jun 2021 | 12:35 PM IST

HDFC Bank acquires 7.4% stake in product engineering firm Virtuoso Infotech

Virtuoso Infotech Pvt. Ltd., an enterprise software solutions company, founded by Preeti Nahar and Yogesh Satpute, based out of Pune, India announced today the news of its first investment fundraise.India's largest private sector bank HDFC and its subsidiary HDFC Securities Limited has acquired a 7.4 per cent stake in Virtuoso Infotech.Virtuoso Infotech specializes in product engineering and offers customized software solutions for enterprises across a wide range of sectors. The list includes software solutions for Hospitality, Finance, Media, Religious Institutions, Communities, Cloud Computing, Food & Travel industries, using Data Analytics and Machine Learning.This relationship will strengthen, company's vision to become a reliable software technology partner for Indian Enterprises and bank's objective to digitize under-served and under-penetrated segments using digital solutions."We thank HDFC Bank for their confidence and trust in Virtuoso's tech capabilities," says Preeti .

HDFC Bank acquires 7.4% stake in product engineering firm Virtuoso Infotech
Updated On : 28 Jun 2021 | 11:30 AM IST

Affle Global wins legal battles as PhonePe fails to acquire 92% of OSlabs

With respect to Affle Global minority shareholding in OSLabs, AGPL finds that 100+ media stories were reported mostly with PhonePe's bias on the OSLabs related matters

Affle Global wins legal battles as PhonePe fails to acquire 92% of OSlabs
Updated On : 28 Jun 2021 | 10:57 AM IST

Hyundai Motor buys US-based robotics firm Boston Dynamics for $880 mn

Hyundai Motor Group said on Monday its three affiliates and its chief have acquired a controlling stake in US-based robotics firm Boston Dynamics for $880 million

Hyundai Motor buys US-based robotics firm Boston Dynamics for $880 mn
Updated On : 21 Jun 2021 | 3:40 PM IST

We will continue to actively look for acquisitions: ITC CMD Sanjiv Puri

In a Q&A, he says that with vaccination picking up pace, consumers will gain confidence and the economy will recover progressively

We will continue to actively look for acquisitions: ITC CMD Sanjiv Puri
Updated On : 21 Jun 2021 | 12:35 AM IST

Ashok Leyland arm acquires EV manufacturer Switch Mobility Automotive

Commercial vehicles major Ashok Leyland on Tuesday said its subsidiary Switch Mobility has fully acquired electric vehicles maker Switch Mobility Automotive Ltd, India.

Ashok Leyland arm acquires EV manufacturer Switch Mobility Automotive
Updated On : 15 Jun 2021 | 12:44 PM IST

Facebook acquires VR game developer BigBox VR for undisclosed sum

Facebook gas acquired BigBox VR, makers of the popular battle royale virtual reality game titled Population: One for an undisclosed sum

Facebook acquires VR game developer BigBox VR for undisclosed sum
Updated On : 12 Jun 2021 | 10:50 AM IST

BharatPe announces acquisition of loyalty platform Payback India

Merchant payment and lending service provider BharatPe on Thursday said it has acquired Payback India from American Express and ICICI Investments Strategic Fund.

BharatPe announces acquisition of loyalty platform Payback India
Updated On : 10 Jun 2021 | 12:59 PM IST

Masai School sharpens focus on career-linked learning with Design Shift buy

Acquisition will help it strengthen its existing curriculum with comprehensive courseware on UI & UX Design, and Product Management

Masai School sharpens focus on career-linked learning with Design Shift buy
Updated On : 09 Jun 2021 | 3:59 PM IST

Anil Ambani to raise stake in Reliance Infra via creeping acquisition

Family is likely to make a tender offer in the firm and invest another Rs 500 crore

Anil Ambani to raise stake in Reliance Infra via creeping acquisition
Updated On : 08 Jun 2021 | 12:41 AM IST

Blackstone acquires media firm International Data Group for $1.3 billion

Leading investment firm Blackstone has acquired media and data company International Data Group (IDG) for $1.3 billion

Blackstone acquires media firm International Data Group for $1.3 billion
Updated On : 04 Jun 2021 | 11:07 AM IST

Manipal Group buys Vikram Hospital for Rs 350 cr in second deal this year

Billionaire Ranjan Pai-controlled hospital chain had earlier taken over Columbia Asia's India operations for Rs 2,100 cr

Manipal Group buys Vikram Hospital for Rs 350 cr in second deal this year
Updated On : 03 Jun 2021 | 2:50 PM IST

Chamath Palihapitiya files four more SPACs with partner Suvretta

Chamath Palihapitiya plans to raise four more special purpose acquisition companies which add to the six blank-check companies he has already raised.

Chamath Palihapitiya files four more SPACs with partner Suvretta
Updated On : 03 Jun 2021 | 2:02 PM IST

upGrad acquires video-enabled learning platform Impartus in Rs 150cr deal

Post the acquisition, Impartus has been integrated into the upGrad ecosystem and rebranded as 'upGrad Campus'

upGrad acquires video-enabled learning platform Impartus in Rs 150cr deal
Updated On : 24 May 2021 | 11:38 AM IST

Amazon's acquisition of MGM would add to frenzy for streaming assets

The acquisitions are setting 2021 up to be a record for media deals. More than $80 bn in takeovers have been announced so far this year

Amazon's acquisition of MGM would add to frenzy for streaming assets
Updated On : 18 May 2021 | 10:01 PM IST

Cisco to acquire threat assessment platform maker Kenna Security

Networking major Cisco has announced to acquire Kenna Security, makers of a risk-based vulnerability management platform, for an undisclosed sum.

Cisco to acquire threat assessment platform maker Kenna Security
Updated On : 15 May 2021 | 1:36 PM IST

CCI approves acquisition of 100% shareholding of Ingram Micro by Imola

The Competition Commission of India (CCI) has approved proposed acquisition of 100 per cent shareholding and sole control of Ingram Micro Inc by Imola Acquisition Corporation

CCI approves acquisition of 100% shareholding of Ingram Micro by Imola
Updated On : 10 May 2021 | 1:44 PM IST

ADV Partners, Premji invest to acquire majority stake in Micro Plastics

Investment builds on MPPL's robust revenue growth of over 20% CAGR over past five years

ADV Partners, Premji invest to acquire majority stake in Micro Plastics
Updated On : 27 Apr 2021 | 3:33 PM IST