Nitish Mittersain, Joint MD & CEO, Nazara Technologies, says the company is always trying to get the right balance between profitability and growth. In the current quarters, certain businesses that allowed us to spend more in terms of user acquisition so that we can drive faster growth and this is profitable spending. This is not … Read more
NEW DELHI: Bharti Global, the international investment arm of Bharti Enterprises, on Monday announced the acquisition of a 24.5% stake in iconic BT Group plc from Altice UK, which will make it the largest shareholder in the company that once owned 21% in Bharti Airtel.Bharti has already acquired 9.9% in the UK’s top fixed and … Read more
Mumbai: Gentari Sdn Bhd, the renewable energy arm of Malaysian energy giant Petronas, is the frontrunner for a part of the India renewable portfolio of Brookfield Asset Management, said two people aware of the development. Gentari, which has conducted due diligence of the assets, has signed an exclusivity agreement for further negotiations with Brookfield, they … Read more
Tata Passenger Electric Mobility (TPEM) has marked a significant milestone in Tata Motors‘ expansion with the acquisition of a new plant in Sanand, Gujarat. This facility was acquired from Ford India on January 10, 2023, and currently is dedicated to manufacturing the ICE and EV versions of the Nexon.The plant spans 460 acres and is … Read more
Mumbai: Mankind Pharma, Dr Reddy’s Laboratories and Torrent Pharma are among those that have evinced interest in acquiring JB Chemicals & Pharmaceuticals from KKR, said multiple people aware of the development. A few large private equity funds that considered the deal have been discouraged by the high valuation, they said, adding that the first round … Read more
Sebi’s new guidelines for managing stock price impact arising from market rumours will ensure that the share price used in the merger and acquisition (M&A), buyback, and other transactions are not artificially influenced by speculative market activities, experts said on Wednesday. Market rumours pertaining to a company’s business can create significant volatility in stock prices, … Read more
After a delay of nearly seven years, lenders of Amtek Auto’s listed subsidiary Metalysts Forgings are likely to recover part of their dues, as the bankruptcy court has approved the company’s acquisition. The Mumbai bench of the National Company Law Tribunal (NCLT) has given its nod to Metalyst Forgings’ acquisition by Deccan Value Investors LP-led … Read more
The web-based design platform Canva has acquired Affinity, a creative software suite that includes Affinity Photo, an app similar to Photoshop that is made for professional photographers. Canva now owns Affinity Photo, Designer, and Publisher — a creative suite that is a rival to Adobe’s Creative Cloud. The exact figure Canva has paid has not … Read more
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 focus … Read more
Yesterday, Lensrentals announced that it had acquired “select assets” of BorrowLenses from Shutterfly, including the branding and assets. The company confirmed to PetaPixel today that it doesn’t include employees or the physical San Carlos, California location. BorrowLenses shared the announcement on its blog and the language indicated that the company was no longer going to … Read more