Subash Chandra’s Zee Group is buying the general entertainment channels and FM radio business of the Anil Ambani group. Because of lock-in provisions, the acquisition of 59 FM radio licenses will be done in two stages. The FM channels are being broadcast under the brand “92.7 BIG FM”, reaching to 45 cities, 1200 towns and […]
Zee Entertainment Enterprises said it is acquiring the General Entertainment Broadcasting Business of Reliance Big Broadcasting Private Limited, Big Magic Limited & Azalia Broadcast Private Limited, all part of Anil Ambani led Reliance Group. The TV Broadcasting business of Reliance Group Entities currently comprises two operational general entertainment channels — BIG Magic and BIG Ganga […]
Bharti Airtel Limited announced the completion of the merger of its subsidiary Airtel Bangladesh with Robi Axiata Limited (Robi Axiata), a unit of Axiata Group Berhad. The merger was completed following the fulfilment of the condition precedents to the Agreement and filing of the merger order with the Registrar of Joint Stock Companies and Firms […]
Heritage Foods Ltd said it agreed to sell its food retail business to Future Retail Ltd in return for shares in the Kishore Biyani firm. The businesses covered by the deal are grocery and food retail, agricultural sourcing, processing and marketing, and bakery. As part of the deal, Future Retail will issue about 1.80 cr […]
Anil Ambani-promoted Reliance Communications has agreed to sell its tower assets to Brookfield Asset Management. RCOM will receive an upfront cash payment of Rs. 11,000 crore from the proposed transaction. It has signed a non-binding Term Sheet with Brookfield Infrastructure Group in relation to RCOM’s nationwide tower assets and related infrastructure. Under the Term Sheet, […]
Reliance Communications said its merger with Sistema Shyam Teleservices has been approved by the Bombay High Court. The Anil Ambani company is merging with SSTL, which operates telecom services under the MTS brand in India. After the merger, RCom shareholders will hold 90% of the resulting entity, with the remaining held by MTS. After this […]
Cognizant said that it has entered into a partnership with Future Group, an Indian multi-brand retailer, to transform its consumer goods business, Future Consumer Limited (FCL), into a connected enterprise. “In an era where data, insights and supply chain intelligence are crucial ingredients for turning success into market leadership, Cognizant’s technology, business process, platform and […]
Reliance Infrastructure Limited today said it agreed to sell all itstransmission assets to Adani Transmission Limited, the largest private power transmission company operating in India. This acquisition is expected to be completed in current financial year. The entire sale proceeds shall be utilized for debt reduction, said the company. The transaction is in line with the strategic […]
Government of India said it has given its approval to an acquisition by ONGC Videsh Limited for 11% stake in JSC Vankorneft from Rosneft Oil Company, the National Oil Company of Russian Federation. Rosneft operates Vankor fields with Vankorneft being its wholly owned subsidiary. OVL will be paying an amount of US $ 930 million […]
Reliance Anil Ambani group said itś unit Reliance Aerospace entered into a joint venture with Dassault Aviation, a French aircraft manufacture. The partnership between Reliance and Dassault will also focus on promoting Research and development projects under the IDDM program (Indigenously Designed, Developed and Manufactured), a new initiative of India’s Defence Minister Manohar Parrikar. The […]
Kotak Mahidra Bank said it has agreed to acquire BSS Microfinance Pvt Ltd for Rs 139.2 crore in cash. BSS Microfinance Pvt Ltd is an non-banking micro finance institution. It exends microfinance to poor rural and semi urban women, primarily for income generating activities, and also for life quality improvement activities. As at June 30, […]
Cash-strapped Cyber Media India Ltd. said its sale of US unit TDA group will generate funds of $4.58 mln (30.43 crores). The deal for the sale of its wholly owned subsidiary TDA Group was announced yesterday. The company added that the subsidiary accounted nearly half of its revenue last year. Cyber Media has seen its […]
Indian government approved the acquisition of stakes in two Russian oil fields for US $3.2 billion. A consortium of Oil India Limited, Indian Oil Corporation Limited and Bharat Petro Resources Limited (BPRL) will acquire 23.9 percent stake in JSC Vankorneft and 29.9 percent stake in LLC Taas-Yuryakh from Rosneft Oil Company, the National Oil Company […]
NIIT, an Indian multinational company in skills and talent development, said it has acquired the business of Bangalore-based start-up Perceptron Learning Solutions Pvt Ltd. Established in 2014, Perceptron focuses on developing learning platforms that combine deep analytics and semantic computing to ensure better learning outcomes. “Taking forward NIIT’s thrust on digital transformation in the EdTech […]
Cyber Media, a technology industry portal, said it sold its wholly owned subsidiary TDA Group to The Marketing Group. The deal is valued at $4.58 mln, subject to due diligence and regulatory approvals. TDA Group is engaged in marketing content and communications based in Silicon Valley, and was acquired by Cyber Media in 2008. The […]
Wipro Consumer Care and Lighting, part of the Wipro group, is buying 100% of Zhongshan Ma Er Daily Products Limited, a Chinese Fast Moving Consumer Goods (FMCG) company, in an all cash deal. “This acquisition will help the company leapfrog into the leading position in South China’s personal care market besides adding critical brands to […]
Syngene International Ltd., Asia’s largest contract research organization, said it has purchased assets of Strand Life Sciences related to systems biology, Heptox and Pharma Bioinformatics services. Financial details of the deal were not disclosed. The acquisition includes target dossier business and rights to NGS data analytics and Sarchitect platforms, supported by a strong scientific team. […]
Adani Ports and Special Economic Zone said it will acquire the company operating the Abbot Point Coal Terminal in Queensland for 19.25 mln Australian dollar (Rs 97 cr). Abbot Point has currently one operating terminal named Adani Abbot Point Terminal having firm take or pay contract for 50 mmtpa cargo. The terminal was acquired by […]
Aurionpro Solutions, a technology solutions provider, said it completed the acquisition and merger of Spikes Security Inc., a software and hardware solutions company based in California, with its enterprise security division. The silicon Valley based subsidiary for enterprise security will operate under the new brand name of ‘Cyberinc – An Aurion Pro Company’ and will […]
Quikr, a online classifieds business, said it has acquired Stepni, a Bangalore-based platform that connects vehicle owners with service providers like mechanics, garages and car accessory outlets near them. The move strengthens the company’s service offerings under QuikrCars, its vertical that focuses on all types of automobiles including cars, bikes and commercial vehicles, said the company. […]
