Invest in India News

  • DMC Education Ltd acquires Kolkata-based education consulting firm Plansteps

    DMC Education Ltd has acquired Kolkata-based education consulting firm Plansteps. The investment was for a consideration of $10 million, approximately Rs.4.5 Crore.

    DMC Education Ltd aims to take career counseling across India with the acquisition of Plansteps, which brings an established network in the North-East India along with Nepal and Bhutan.  DMC is planning to open more than 100 centres in next 3-5 years which would offer career guidance to the applicants.

  • DMC Education Ltd acquires Kolkata-based education consulting firm Plansteps

    DMC Education Ltd has acquired Kolkata-based education consulting firm Plansteps. The investment was for a consideration of $10 million, approximately Rs.4.5 Crore.

    DMC Education Ltd aims to take career counseling across India with the acquisition of Plansteps, which brings an established network in the North-East India along with Nepal and Bhutan.  DMC is planning to open more than 100 centres in next 3-5 years which would offer career guidance to the applicants.

  • Par Pharmaceutical Companies to acquire India’s privately-held Edict Pharmaceuticals

    Par Pharmaceutical Companies, Inc. (PRX) announced Tuesday that it entered into a definitive agreement to acquire privately-held Edict Pharmaceuticals, an India-based developer and manufacturer of generic pharmaceuticals, for up to $37.6 million in cash and Par's repayment of certain additional pre-close indebtedness. The transaction is expected to be accretive in 2013.

  • Rexel buys a second Indian company, Ad Electronics

    Rexel, a global leader in the distribution of electrical supplies, announced Monday the acquisition of India’s AD Electronics.  Rexel entered the Indian market through the acquisition of Yantra Automation in January. The investment further strengthens Rexel’s footprint in the country with this new acquisition.

  • Schneider Electric acquires 75 per cent stake in APW President Systems

    Schneider Electric Friday said it successfully acquired 75 per cent stake in APW President Systems through its subsidiary Schneider Electric South East Asia.
     
    According to the Press Trust of India (PTI), shares representing 20 per cent of the share capital of the company were acquired in a mandatory open offer for the company. In addition, shares representing 55 per cent of the share capital of the company were acquired from the erstwhile promoters of the company, Schneider Electric said in the statement.

  • Three-wheeler maker Atul Auto keen to acquire Scooters India Ltd

    According to a PTI report, Rajkot-based three-wheeler maker Atul Auto is keen on acquiring Scooters India Ltd, with the Cabinet approving the sale of the government's stake in the loss-making Scooters India Ltd.

    The BSE-listed Atul Auto’s intention to acquire the state-owned company has assumed more significance with the Cabinet approval to sell the Government's entire 95.38 per cent stake in the loss-making unit.  

  • Experian looking for Indian acquisition opportunities

    In an exclusive interview with the Business Standard, Experian Services India Managing Director and Country Manager Vikram Narayan said the company is currently looking for India acquisitions opportunities.

    Experian is a global information, analytical tools and marketing services company. Experian already controls 49 per cent stake in India's second-largest credit information bureau, Experian Credit Information Company of India Pvt Limited.

  • Doshion Veolia acquires Gondwana Engineers Ltd from Kirloskar Brothers Ltd

    In an announcement to the Bombay Stock Exchange, Doshion Veolia Water Solutions Pvt Ltd said it has acquired 100 per cent stake in Gondwana Engineers Ltd from Kirloskar Brothers Ltd. The investment was for a consideration of Rs.47.44 Crore, reported Deal Curry.

    Gondwana undertakes EPC contracts in the field of water-sewage and effluent-treatment plants. Doshion Veolia provides water and waste water management services. It also manufactures pharmaceutical polymers, and resins and chemicals used for water treatment.   

  • Yash Birla Group picks up remaining stake in Birla Kerala Vaidyashala

    According to the Economic Times, the Yash Birla Group has successfully acquired the remaining 48 per cent stake in Birla Kerala Vaidyashala (BKV). Yash Birla Group owns a 51 per cent stake in its joint venture with BKV. The remaining 1 per cent of BKV will be owned by its promoters - Kurup family.

    Yash Birla Group ‘Wellness’ CEO N. Venkat said the acquisition marks yet another milestone in the group’s foray into the ayurvedic healthcare and wellness industry.
     

  • e-Zest Solutions Ltd buys Pune-based Maestro Mobile Services

    e-Zest Solutions Ltd acquired India’s Pune-based Maestro Mobile Services. This acquisition strengthens e-Zest’s mobile development services portfolio including consulting and testing services for iPhone, RIM Blackberry and Android platforms.

    A global software services company, e-Zest is focused on product development services on emerging technology platforms and enterprise cloud computing application services.

  • Ricoh India Limited acquires Momentum Infocare Private

    Ricoh India Limited Friday announced the acquisition of Momentum Infocare Private Limited. Ricoh India is a subsidiary of Ricoh Company Limited Japan, a US$ 23.4 billion global giant and a leader in the field of Imaging Solutions.

    The investment is Ricoh India’s first business acquisition in the Information Technology sector. The business investment will see Ricoh India acquire the competency, knowledge and skills of Momentum Infocare, the Noida-based IT Company with about 100 employees.

  • Delta Corp Ltd picks up majority stake in Daman Hospitality Pvt Ltd

    Delta Corp Ltd has acquired a 51 per cent stake in Daman Hospitality Pvt Ltd. The investment is for a consideration of Rs.50 Crore. The acquisition helps Delta to enhance its presence in the gaming and hospitality space, reported Deal Curry.

    Daman Hospitality runs 'Thunderbird Resorts', a five star deluxe resort situated in Daman, comprising of 176 rooms, having 30,000 sq ft for indoor events and 70,000 sq ft of leisure area including outdoor pools and other entertainment areas. The hotel has three bars and four restaurants.

  • TA Associates acquires minority stake in Kolkata based Tega Industries

    According to the Economic Times (ET) of India, private equity firm TA Associates has purchased approximately 15% stake in Tega Industries. The investment is for a reported $40 million, and will help finance expansion including acquisitions by the Kolkata-based company.

    ET said privately held Tega had done two acquisitions one each in Australia and Chile early this year to increase its global presence and is scouting for more deals to close the gap with its Finnish competitor Metso.
     

  • Concast Group acquires SPS Steel And Power Limited for Rs.800 crore

    According to the Business Standard, Kolkata-based Concast Group has acquired SPS Group's Jharsuguda-based steel plant - SPS Steel And Power Limited for Rs.800 crore.

    Concast reportedly paid Rs.125 Crore upfront in cash and the balance will be paid in the form of interests and repayment of loan incurred by SPS. Post acquisition, the company will be renamed as Concast Steel and Power Ltd. In 2009, Concast acquired 50% stake in SPS Steel and Power for Rs.200 Cr.

  • PBA Infrastructure Limited to sell its 49% stake in Aurangabad Jalna Toll Way Ltd

    In an announcement on the Bombay Stock Exchange, PBA Infrastructure Limited announced its planning to sell its 49% stake in Aurangabad Jalna Toll Way Ltd (AJTL) to Sadbhav Infrastructure Project Ltd. PBA Infrastructure holds 9, 65,816 equity shares of AJTL.

    According to Deal Curry, AJTL, an SPV promoted by Sadbhav Engineering and PBA Infrastructure was incorporated in January 2007 for the purpose of development, implementation and operation & maintenance of the Aurangabad Jalna Road.