Super Religare Labs (SRL) Tuesday announced it had successfully completed talks for the acquisition of Piramal Diagnostics. The deal will see Super Religare takeover Piramal Diagnostics’ 107 labs, with the company’s current annual revenues generation pegged at more than Rs 200 crore. The new acquisition investment comes in the wake of Piramal Healthcare’s sell of

The London stock listed company, Essar Energy PLC, Tuesday announced that its Indian subsidiary, Essar Power Limited made an investment acquisition for a 100% stake in Navabharat Power Pvt Ltd. The investment will see Essar Power Ltd takeover the 2250MW producing company in Orissa.
However, the deal will be undertaken in stages, with Essar announcing that

Three Indian banks, HDFC Bank Ltd, Kotak Mahindra Bank Ltd and IndusInd Bank Ltd, reported Thursday that they are keen on making further acquisition investments. HDFC recently announced that it is keen on entering a merger with a bank from the Southern part of India, though it did not disclose any names.
 
Regardless, Kotak Mahindra, on

Bharti Airtel, India’s largest telecoms operator, Thursday reported it intends to invest US$600 million in expansion of its mobile network in rural areas. The plans for expansion will be undertaken in Nigeria, through Bharti Airtel’s newly acquired subsidiary, according to the Economic Times reports.
In June, Bharti Airtel made an acquisition investment for the assets of

The Hongkong and Shanghai Banking Corporation (HSBC) reported it had agreed on a deal that will see it takeover the Royal Bank of Scotland (RBS) Group Plc’s retail and commercial businesses in India. The UK based banking corp. reported that it would pay a premium of $95 million for RBS’ retail and commercial businesses in

In an effort to hike its contribution to Nestle’s global revenue, Nestle SA’s Indian unit Chairman, Antomio Helio Waszyk, said the company is keen on introducing new product categories in the Indian market. The Chairman further said Nestle India Ltd is also keen on investments in acquisitions in India as part of plans to boost

GTL Infrastructure Ltd said it is willing to make further acquisition investments after purchasing Anil Ambani’s mobile phone towers. According to the company, the continuing vigorous competition in the Indian telecoms sector is pushing the country’s telecommunications industry towards consolidation.

Chairman GTL Infrastructure, Manoj Tirodkar, said that if any existing tower company seeks consolidation, and its

VA Tech Wabag, a water and waste management company, said Monday that it is keen on investment in acquisitions to fuel its growth and expansion. In the announcement, the company said it was currently seeking both local and offshore markets investments and as such, it will commence its initial public offering (IPO) of about Rs

Outbound Mergers and acquisition investments in India quadrupled in the first half of 2010, due to increased investment takeovers by Abbot Laboratories and Bharti Airtel.  This was a sharp increase, when contrasted to 2009 figures, strengthening the belief that corporates are becoming optimistic about revenue prospects. On the overall, about a sixth of the total