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Click here! This acquisition will also mark the return of Nimmagadda Prasad to the pharma industry after a 17-year hiatus. Prasad has been a serial entrepreneur having developed significant businesses (Matrix Laboratorties and CARE Hospitals) to scale and creating enhanced shareholder value.

Godrej Properties has acquired nearly 110 acres of land parcel in Nagpur where Godrej Group's property arm plans to develop plotted residential units, with a saleable area exceeding 2 million square feet. The land parcel is located near the recently operationalised Samruddhi Mahamarg, the expressway connecting Mumbai and Nagpur, and the MIHAN Special Economic Zone (SEZ). «The addition of this new project to our portfolio fits within our strategy of strengthening our presence across key micro-markets in India,» said Gaurav Pandey, MD & CEO of Godrej Properties.

₹174 crore with a clear path to further acquire another 41% stake in the next 15 months at pre-agreed multiples. The transaction is an all-cash deal. This acquisition will further strengthen Saregama’s strategic ambition to take the leadership position in new music across all Indian languages, the statement added.

TransIndia Real Estate Limited, an Allcargo Group company, has acquired two land parcels for warehousing with a combined value of Rs 231 crore in Gurgaon’s Farukh Nagar, two people aware of the deal said. Both land parcels are located in the Model Economic Township (MET) of Reliance Industries. The first property piece, measuring 56.52 acres, was purchased for Rs 134 crore by Allcargo Inland Park pvt Ltd, and the second, measuring 41.06 acres, was purchased by Jhajjar Warehousing pvt Ltd for Rs 97.5 crore, as per documents accessed by analytic firm CRE Matrix.

JSW Steel on Wednesday announced acquiring the remaining 50 per cent stake in NSL Green Steel Recycling Limited. Post completion of the acquisition, NSL has become a wholly-owned subsidiary of the company, JSW Steel said in a regulatory filing.

KeyRock, the Belgian crypto market marker, has successfully gotten clearance from the Swiss Financial Services Standards Association (VQF). 

Nasdaq-listed MicroStrategy (MSTR), the world’s leading corporate Bitcoin holder, has purchased an additional 5,445 BTC through August and September.

In a move set to bolster its foothold in the West, NFP announced the acquisition of Divergent Wealth Advisors, LLC, based in South Jordan, Utah. The strategic acquisition expands NFP’s offerings in wealth management and retirement planning.

Multibagger stock: Apollo Micro Systems Ltd shares are one of the small-cap stocks under ₹100 that have delivered whopping return to its positional investors. The small-cap company has informed Indian exchange that it has incorporated its subsidiary company Apollo Defence Industries Private Limtied.

New Delhi: Real estate developer Eldeco Group has acquired multiple land parcels in Greater Noida, Sonepat, and Ludhiana for about Rs 230 crore and plans to launch projects worth Rs 5,000 crore in the next year. The acquisitions are part of a Rs 475-crore platform Eldeco has set up with HDFC Capital Affordable Real Estate Fund 3 (H-CARE 3), a fund managed by HDFC Capital, to develop multiple residential projects. “The real estate sector has performed exceedingly well in the last year, and we have made acquisitions in line with the expansion plan. The focus will now be on the launches of these projects and taking forward the platform with HDFC,” said Pankaj Bajaj, chairman and managing director of Eldeco Housing and Industries Ltd (EHIL) and MD of Eldeco Infrastructure & Properties Ltd (EIPL). The company recently acquired 8.5 acres for Rs 165 crore in Gurgaon Sector 80 through an auction held by Haryana State Industrial & Infrastructure Development Corporation (HSIIDC). It has acquired a 36,000-square-metre plot in Greater Noida West, where it will develop 750,000 sq ft of residential space with an investment of Rs 250 crore. It has also acquired a 14.5-acre and an 18-acre land parcels in Sonepat, where it will go for plotted and villa development. Eldeco is also aggregating land in Ludhiana for a township, and for the first phase, it has already applied for a licence for 15 acres. “We will start paying HDFC starting next month,” Bajaj said.

Sterlite Power on Friday said it has acquired Beawar Transmission Ltd for developing an electricity transmission project in Rajasthan. Beawar Transmission is a Special Purpose Vehicle (SPV) of REC Power Development and Consultancy Ltd. The SPV was awarded to Sterlite Power through tariff-based competitive bidding in August, a company statement said. «Sterlite Power announces the acquisition of Beawar Transmission Ltd from REC Power Development and Consultancy Ltd, a wholly owned subsidiary of REC Ltd,» it said. The company did not share the financial details of the acquisition. Through the Beawar Transmission Ltd, the company will build the Green Energy Corridor project on Build, Own, Operate, Transfer (BOOT) basis, for a period of 35 years, as per the statement. This is Sterlite Power's 19th power transmission project in India acquired through tariff-based competitive bidding, the company said, adding that it now has Rs 12,000 crore worth of projects under management. «Sterlite Power is proud to be building the green energy corridor that will enable the flow of 20 GW of renewable energy,» Sterlite Power Managing Director Pratik Agarwal said in the statement. The Beawar Transmission will entail construction of three integral components. Initially, a 350 km 765kV transmission corridor connecting the renewable energy zone of Fatehgarh III to the substation at Beawar will be developed. Then, a 3,000 MVA 765/400kV Substation at Beawar will be constructed and finally, there will be construction of two LILO lines, covering approximately 120 km. In March, the Sterlite Power won Part G Phase III of the project, titled Fatehgarh III Beawar Transmission Ltd.

The firm behind stablecoin Tether (USDT) has invested an undisclosed amount into German-based crypto miner Northern Data Group in a move backing artificial intelligence (AI) initiatives.

Emami Group’s AMRI Hospitals for around ₹2,300 crore, a person in the know said. As part of the deal, Manipal will pick up an equity stake as well as assume a portion of AMRI’s debt. In FY23, AMRI reported revenue of about ₹1,000 crore, which will enhance Manipal’s revenues for the year, estimated at ₹4,500 crore, said the person seeking anonymity.

New Delhi: Bengaluru-based fintech firm Perfios has acquired Chennai-based open finance platform Fego.ai, two people aware of the development told Mint. The discussions started during Global Fintech Fest 2023 in Mumbai recently. The deal was closed this week.

Manipal Hospitals said on Wednesday it has acquired an 84% stake in AMRI Hospitals in its bid to expand its presence in eastern India. Kolkata-based AMRI Hospitals is owned by FMCG-to-realty conglomerate Emami Group and comprises of over 1,200 beds, over 800 doctors and 5,000-plus healthcare professionals. «In an endeavour to focus on our core businesses, we have divested our majority stake in AMRI Hospitals,» Aditya Agarwal and Manish Goenka, directors, Emami Group, said in a statement. Emami will continue to hold a 15% stake in AMRI with the government of West Bengal holding a 1% stake in the firm. Hospitals in India have been buying each other at near record rates, with M&As totalling $4 billion in 2022 and $2.2 billion in the first five months of this year, Reuters reported in June. The private healthcare sector in India has seen a post-pandemic boom with global consultancy firm PwC projecting a 12-14% annual growth for India's private healthcare market, currently worth around $48 billion.

BambuBlack founder Jane Andrews

Crypto winter keeps sparking consolidation among crypto firms. The latest deal in the industry is the acquisition of payments and accounting platform Gilded by one of its competitors, Bitwave. 

₹400 crore in May via multiple funds of Convergent Finance LLP, an investment management company led by Harsha Raghavan, besides ₹30 crore from individual investors, Agilitas said. Its founding team comprises Ganguly, who quit Puma India in August, Atul Bajaj, Puma India’s former executive director for sales and operations, and Amit Prabhu, former chief financial officer, Puma India.

Financial technology firm Ripple is expanding its portfolio of regulatory licenses in the United States with the acquisition of Fortress Trust, according to an announcement on Sep. 8. 

B2C2, a prominent crypto liquidity provider catering to institutional clients worldwide and a digital asset pioneer shaping the future ecosystem, has finalized its acquisition of Woorton, a leading European entity in market making and over-the-counter transactions for the digital asset sector.

ethos exemplified perfectly by Ed-a-Mamma and its founder Alia Bhatt. With sustainability as its core proposition the brand has garnered acclaim for its meticulous attention to detail, using ethically sourced materials and eco-conscious production processes.