GlobalLogic’s Sumit Sood speaks on the growth achieved following the acquisition by Hitachi

When Hitachi, the Japanese industrial, electronic and construction conglomerate, acquired GlobalLogic, a Silicon Valley-based digital engineering services company for $9.6 billion last year, Hitachi’s CEO Toshiaki Higashihara said the deal will strengthen the Tokyo-based behemoth’s digital operations in a wide range of businesses and “…elevate QoL, or quality of life, for people through contributions to … Read more

Torrent Pharma’s acquisition of Curatio: Is it positive for shareholders?

Torrent Pharma has entered into an agreement to acquire 100 per cent of Curatio Health Care (backed by Sequoia and Chryscapital) for ₹2,000 crore (USD 245 million). The deal is expected to be completed within a month. Curatio is a cosmetic dermatology-focused company with 50 brands marketed to paediatricians and dermatologists in India and abroad. … Read more

NDTV buy: ‘No bar on RRPR for warrant conversion’

The Income Tax department has clarified that there is no restriction on the conversion of warrants into NDTV shares by RRPR Holdings in favor of Adani-owned Vishvapradhan Commercial Private Limited (VCPL). In an exchange filing, NDTV noted that the company, along with Prannoy and Radhika Roy’s holding company RRPR, received a notification from VCPL, regarding … Read more

Online Grocer Misfits Market Announces Plans To Acquire Competitor Imperfect Foods

Misfits Market delivers to its subscribers’ doorsteps. Misfits Market Online food retailer Misfits Market announced on Wednesday that it plans to acquire competitor Imperfect Foods through an all-stock transaction to expand its delivery service. Under the deal, Misfits Market–which achieved unicorn status last year and is currently valued at around $2 billion–will buy Imperfect Foods … Read more

William Penn acquires American pen brand Sheaffer

William Penn, a multi-brand distributor and retailer of writing instruments, announced the acquisition of Sheaffer, a 110-year-old American writing instruments manufacturing company. The company will take over Sheaffer’s manufacturing, marketing, and retailing across 75 countries, including the US, UK, Mexico, Malaysia, Thailand, South Africa, Japan, and India, among others. It plans to gradually shift the … Read more

Govt moves to arm competition panel with powers to scrutinize M&A deals of over ₹2,000 cr

The government on Friday introduced in the Lok Sabha the Competition (Amendment) Bill that effectively widens the ambit of the Competition Commission of India (CCI) in scrutinizing mega deals – with a deal value threshold of ₹2,000 crore — as part of several amendments in the proposed law. The ₹2,000 crore transaction value threshold spelled … Read more

The Antitrust Showdown to Determine Simon & Schuster’s Fate Is About to Begin

On Monday, as lawyers for Penguin Random House and the Department of Justice were sharpening their sabers ahead of the antitrust duel of the summer, CEO Jonathan Karp fired off an email to his approximately 1,500 employees at Simon & Schuster, the nearly century-old publishing house that Karp has lorded over for the past two … Read more

Elon Musk Versus Twitter: Everyone Loses

Most major news outlets engage in a grim tradition called “banking obituaries” —that is, prewriting death notices long before important people die. The “obits” for presidents Biden, Trump, Clinton, and Bush, to name just a few, are all sitting on computers waiting to be published seconds after they take their final breaths. It’s not something … Read more

Swan Energy acquires majority stake in Veritas (India) for ₹ 260 crore

Swan Energy Limited (SEL) has acquired Veritas (India) Limited, a chemical, petrochemicals and petroleum products manufacturing company with a global presence. As a part of the all-cash deal, SEL has acquired 55 per cent of the fully diluted equity share capital from the existing promoters and promoter group of Veritas (India) by purchasing 1,47,45,720 equity … Read more