[ad_1] BENGALURU: Manipal Hospitals, the second-largest healthcare provider in India, has entered into an agreement to acquire an 87% stake in Medica Synergie, a hospital chain based in Kolkata. While the financial details of the transaction were not disclosed, sources informed TOI that the deal is estimated to be worth Rs 1,400 crore.Following the acquisition…
[ad_1] NEW DELHI: Enterprise messaging firm Route Mobile’s public shareholders have tendered shares worth about Rs 2,500 crore at current price for the company’s ongoing open offer, according to a regulatory filing. The open offer has been triggered with Belgium-based Proximus Group, through its subsidiary, initially acquiring a 57.56 per cent stake in enterprise messaging…
[ad_1] COPENHAGEN: Denmark’s Novo Nordisk on Monday said it has agreed to buy Cardior Pharmaceuticals for up to 1.03 billion euros ($1.11 billion) to strengthen its cardiovascular pipeline. The acquisition is in line with the Danish drugmaker’s aim to expand its focus on diabetes and weight-loss therapies to include cardiovascular disease treatments. “By welcoming Cardior…
[ad_1] NEW DELHI: Proptech firm REA India, which owns Housing.com and PropTiger, is not actively looking for acquisition for further growth but the company is open to evaluate “interesting” opportunities that complement the business or help in securing new technologies, its CEO Dhruv Agarwala said. REA India, which is part of Australia-based REA Group, will…
[ad_1] NEW YORK: US banking giant Capital One announced Monday it will acquire financial services company Discover in a $35.3 billion all-stock deal combining two of America’s major credit card firms.Under the deal, Discover shareholders will receive 1.0192 Capital One shares for each Discover share, a premium of 26.6 percent over Discover’s closing price on…
[ad_1] MUMBAI: Reliance Consumer Products, the FMCG arm and a subsidiary of Reliance Retail Ventures, has acquired the trademarks, recipes and intellectual property rights of Ravalgaon Sugar Farm’s confectionery business in a Rs 27-crore deal. The details were disclosed by Ravalgaon in an exchange filing on Friday. RCPL has been expanding its footprint in the…
[ad_1] NEW DELHI: Max Healthcare announced the acquisition of a 100% stake in Alexis Multi-Speciality Hospital (Alexis) for an enterprise value of Rs 412 crore. The 200-bedded hospital owned and operated by Alexis is a JCI-accredited facility located near Nagpur, offering multidisciplinary care in gastroenterology, neurosurgery, cardiology, transplants, according to a company statement. Abhay Soi,…
[ad_1] NEW DELHI: NTPC is to acquire the beleaguered KSK Mahanadi power station in Chattisgarh, one of India’s largest single-site greenfield projects with proposed 3,600 MW capacity, making it the state-run utility’s second acquisition of a stressed asset.People in the know said the investment in the project has been valued at Rs 5,000 crore but…
[ad_1] Haldiram’s, the Indian snacks maker, is in discussions to acquire a majority stake in Prataap Snacks, a listed rival which is valued at $350 million. The aim of this acquisition is to expand Haldiram’s presence in the potato chip market.According to a Reuters report, the talks are in the early stages and the valuation…
[ad_1] BENGALURU: NYSE-listed SentinelOne is acquiring Bengaluru-based cloud security platform PingSafe for $100 million is dubbed as the largest acquisition in the Indian cybersecurity startup space. Barclays, in its report, said the acquisition is a combination of stock and cash. After the acquisition, PingSafe is set to mint a new crop of dollar millionaires.The deal…
