Mergers & Acquisitions

ThyssenKrupp Elevator AG has formed a JV with Mumbai based Eros Elevators & Escalators Private Limited by acquiring 25.1% of its shares through its subsidiary - ThyssenKrupp Elevator India Private Limited.

Miglani family, co-owners of Uttam Galva Steel is acquiring 24.5% stake in Lloyds Steel for R190Cr. The shares were bought through it's two group entities - Ultimate Logistics Solutions Pvt Ltd and Siddharth Holdings Pvt. Ltd.

Aanjaneya Lifecare has acquired Hyderabad based API manufacturer - Apex Drugs & Intermediates. The acquisition was valued at R250Cr, with debt of R185Cr and equity dilution of R65Cr.

Switzerland based Fairnair AG has acquired a substantial stake in IL&FS PE backed Quikjet Cargo Airlines Pvt. Ltd. Financial details of the transaction were not disclosed. Quikjet will start commercial operations on 10 February with a small ATR plane.

Oil Field Warehouse & Services has acquired Kakinada based logistics service provider - Raamns Shipping & Logistics Pvt Ltd to setup it's base on the east coast, particularly in Kakinada, Vizag and Chennai.

Persistent Systems Limited has acquired Location business of California based Openwave Systems Inc through its US subsidiary.

Binani Industries Ltd has acquired 3B - The Fibreglass Company from Platinum Equity. The deal size is estimated to be around $362Mn. Platinum acquired the manufacturing plants, intellectual property and other assets that became 3B - The Fibreglass Company from Owens Corning in April ...

The Walt Disney Co. is acquiring a majority stake in UTV through it's subsidiary. UTV CEO Ronnie Screwvala will head the Indian operations for Walt Disney.

Comp U Learn Tech India is acquiring Divya Knowledge Process Management Ltd, an educational services company having tie-up with Bharathidasan University, Tiruchirapalli, Tamilnadu, for approved IT & BPO courses.