Acquisition

Hindustan Petroleum buys 17.28% stake in Petronet MHB for Rs 185 cr; acquisition expected to be completed by 31 March

In a regulatory filing, HPCL said Petronet MHB Ltd had a networth of Rs 796.30 crore as of 31 March 2019.

Adani Gas shares zoom nearly 8% after CCI approves stake-buy by French energy firm Total Group

Shares of Adani Gas zoomed nearly 8 percent on Friday after the Competition Commission gave approval to the acquisition of 37.4 percent shareholding and joint control by Total Group in the company

French luxury group LVMH, US jewellers Tiffany announce $16.2 bn tie-up

LVMH and US jewellers Tiffany announced Monday a $16.2 billion tie-up that is the French luxury group's biggest-ever acquisition and will bolster its presence in the United States

Tech Mahindra Q2 profit up 5.6% to Rs 1,124 cr; company to acquire US-based Born Group

IT firm Tech Mahindra on Tuesday posted a 5.6 percent rise in consolidated net profit at Rs 1,124 crore for the September quarter, helped by deal wins of $1.49 billion in the quarter

Competition Commission gives nod to Amazon's 0.5% equity share acquisition of Quess Corp

Fair trade regulator Competition Commission of India (CCI) on Monday said it has cleared the acquisition of equity share capital of Quess Corp by Amazon.com NV Investment Holding LLC

Liberty Steel acquires ArcelorMittal assets in Europe for Rs 5,782 crore

Liberty Steel on Monday said it has acquired seven steel making units and five service centres from L N Mittal's ArcelorMittal in Europe for 740 million euros (around Rs 5,782 crore), according to a company statement

Hexaware Technologies buys US-based Mobiquity Inc for $182 mn to expand cloud, automation service offerings

Indian IT services company Hexaware Technologies Ltd said on Friday it bought privately owned Mobiquity Inc for $182 million, to expand its cloud and automation service offerings

Sanjeev Gupta's Liberty Steel acquires Johnstown Wire Technologies in US for undisclosed amount

Indian-origin metals tycoon Sanjeev Gupta-owned Liberty Steel on Tuesday said it has acquired Johnstown Wire Technologies (JWT), North America's largest producer of value-added carbon and alloy wire

Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater

IT services major Infosys Friday said it has completed the acquisition of 75 percent shareholding in ABN AMRO Bank's wholly-owned Stater NV

Thomas Cook India Group acquires 51% stake in Digiphoto Entertainment Imaging at enterprise value of Rs 289 cr

Travel services provider Thomas Cook India Group on Monday said it has acquired 51 percent stake in imaging solutions and services firm Digiphoto Entertainment Imaging (DEI), at an enterprise value of $40.6 million (around Rs 289 crore)