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Mergers & Acquisitions | 29 February 2012

Komli Media Acquires SoftBank Backed AdMax Network

by Irfan Khan
Komli Media Acquires SoftBank Backed AdMax Network
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@Norwest_Venture backed Komli Media has acquired online advertising network AdMax Network, according to pluggd.in.

This is Komli Media's fifth acquisition. Last year, it acquired 100% stake in Los Angeles-based mobile ad network platform, ZestAdz. Last year, it also acquired Singapore-based online advertising firm, Aktiv Digital, while in 2010, it acquired Australia-based site representation company, PostClick and UK-based online advertising firm, Indoor Media.

Admax Network Pte Ltd. was founded in 2006 and is based in Singapore. The company has additional offices in Thailand, Malaysia, Singapore, Indonesia, the Philippines, Australia, and Vietnam. Admax Network Pte Ltd. operates as a subsidiary of Digital Marketing Solutions Company Limited.

Rapid Nutrition To Acquire 74% Stake In Cheminnova Remedies

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Hyderabad based Chemminnova Remedies has entered into JV agreement with Australia based Rapid Nutrition Ltd.

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Navayuga Plan To Sell Stake In Its Power Assets

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Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.

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