India monthly roundup of M&As and tie-ups in April

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India monthly roundup of M&As and tie-ups in April.

Here is a roundup of India monthly roundup of M&As and tie-ups in April.

  • Mukesh Ambani and Sunil Mittal are reportedly considering competing for a stake in Zee Entertainment. Bharti Airtel has started the due diligence process.
  • Oyo has entered into a JV with SoftBank to launch its hotel business in Japan. Oyo will have a 50% stake while SoftBank Corp and its Vision Fund will hold 25% each.

India monthly roundup of M&As and tie-ups in April

  • Reliance Jio has acquired 87% stake in Haptik Infotech, an AI chatbot company, for Rs.700 crores.
  • Wipro’s industrial automation business arm, WIN Automation, has acquired Incite Cam Centre’s automation business for around Rs.20 Crores. It will help WIN to address turnkey physical automation projects and digital factory initiates
  • After its alliance with Mahindra & Mahindra, Ford may end running its India operations as solo.
  • Citroen, the French automaker, has tied up with CarDekho to enter Indian pre-owned car market.
  • L’Oréal is looking for acquisitions in the skin and make-up market to fill up gaps in its existing portfolio. As per Euromonitor, India’s beauty and personal care market as of 2018 stood at ₹97,100 crores.
  • Canadian pension funds CPPIB and CDPQ, and the Piramal Group have entered the final round of bidding to acquire Highway Concessions One, the roads portfolio of Global Infrastructure Partners.

Also read: India startup world news April 2019

More in India monthly roundup of M&As and tie-ups in April

  • Thales, a defense major and Kalyani Group have finalized a JV to manufacture next-gen weapon systems in India.
  • Baring Private Equity Asia has agreed to buy a 30% stake in NIIT Technologies for around Rs.2, 627 crores.
  • Everstone Group has entered into an agreement with Sahyadri Hospitals to acquire a controlling stake. Sahyadri is the largest hospital chain in Maharashtra.
  • The Daftary family, promoters of Bharat Serums and Vaccines are reportedly in initial talks with Carlyle Group and Advent International and some other PE firms to sell a controlling stake in the firm for around $500 million.
  • Stellar Value Chain, backed by Warburg Pincus, has acquired Patel Roadways, a company operating in the express logistics segment. The acquisition of Patel Roadways will strengthen Stellar’s operational capabilities and increase its road network reach to over 350 branches.
  • Reliance Retail is reportedly in talks to acquire a controlling stake in toymaker Hamleys. A 295-year-old toymaker, Hamleys, has recently been finding it difficult to generate profits and reported losses of £12 million in 2017.

Must read: April update on Ongoing business world cases in India

More in India monthly roundup of M&As and tie-ups in April

  • Quess Corp is acquiring a majority stake in Allsec Technologies for around Rs.270 crores. Allsec offers voice and non-voice processes for HR services and Customer Lifecycle Management.
  • Kurl-on has acquired Spring Air, a US-based brand specializing in orthopedic beds, for an undisclosed amount.
  • OYO has partnered with Hotelbeds, a Spanish firm, which will provide OYO access to more than 60,000 travel buying intermediaries around the world.
  • IIFL Asset Management has picked up a significant minority stake in Neewee Analytics through IIFL India Private Equity Fund.
  • Massachusetts-based TA Associates has picked up a significant minority stake in infertility treatment provider Indira IVF. The firm runs 59 centers in 16 states and has completed nearly 27,000 IVF cycles in the past year. The deal amount has not been disclosed.
  • Quikr has acquired Zefo, a pre-owned goods seller startup, for Rs.200 Crores.
  • Pine Labs has acquired Qwikcilver for $110 million. A definite agreement was entered into for the acquisition last month.

Do read: India monthly roundup of Start-up world, funds, funding and investments in April

Also read: Upcoming events in India in May 2019

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