Page 77 - Acquisition News Today

IT sector consultants said that the conversation for FY25 is still heavily focused on more dilution of the bench, increasing automation, improving efficiency and targeted hiring mostly in niche areas such as AI and GenAI amid continued macroeconomic uncertainty and hardly any signals of demand recovery yet.

The firms acquired 1,180-unit community in Alexandria, Va. from CIM Group.

The acquisition will enable BAL to leverage SFCLs proficiency in developing cost-effective and distinctive manufacturing routes for off-patent molecules, it said. "This acquisition involves obtaining a 100 per cent stake through cash consideration, with an estimated enterprise value of Rs 139 crores based on the valuation," the Delhi-based BAL said in a statement.

The Embracer Group continue to drop developers it previously acquired, this time selling Gearbox to Take-Two Interactive.

Kotak Mahindra Bank announced the acquisition of NBFC Sonata Finance Pvt Ltd for Rs 537 crore. Sonata operates across 10 states through 549 branches, holding an Asset Under Management (AUM) of around Rs 2,620 crore as of December 31, 2023. The acquisition makes Sonata a wholly-owned subsidiary of Kotak Bank.

Industrial print manufacturer Roland DG has issued a statement in relation to the two offers to acquire the company. In February, its board approved an offer to take the company private in a management buyout backed by investment firm Taiyo Pacific Partners. However, a few weeks later Brother made an improved bid for Roland DG

Adani Ports will purchase a 56% stake in Gopalpur Port from real-estate conglomerate Shapoorji Pallonji Group and a 39% stake from Orissa Stevedores. The enterprise value of the deal is ₹30.80 billion.

The Anup Engineering Limited has executed an agreement to acquire 100% equity shares of Mabel Engineers Private Limited for a total consideration of ₹33 crore.

Adani Power proposes to acquire 100 per cent share capital and control of the Lanco Amarkantak Power, pursuant to the corporate insolvency resolution process (CIRP) initiated under the Insolvency and Bankruptcy Code, 2016 (IBC), according to a release.

TECH NEWS News: Zomato founder Deepinder Goyal warns startup founders about the necessity of constant innovation in the face of evolving technology for long-term busi