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Merger & Acquisitions

Tata Tech Completes Acquisition of ES-Tec GmbH for €75 M, Contingent on Performance Conditions

Deal Type : Acquisition

Estimated Value : €75 million (≈ ₹777 crore) 

Deal Status : Completed (subject to performance-based earn-outs) 

Nuvoco Vistas Acquires Algebra Endeavour Pvt Ltd to Strengthen Captive Power Capabilities

Deal Type : 100% Acquisition

Estimated Value : Up to ₹200 crore (cash consideration)

Deal Status : Announced / Pending Completion

Johnson & Johnson Acquires Halda Therapeutics to Strengthen Precision Oncology Portfolio

Deal Type : Strategic Acquisition

Estimated Value : $3.05 billion (all cash)

Deal Status : Definitive Agreement Signed; Closing Expected in Coming Months

IHCL Acquisition of Atmantan Signals Entry into Indias Luxury Wellness Industry

Deal Type : Strategic Acquisition

Estimated Value : ₹240 crore

Deal Status : Completed (Agreement Signed)

Dreamfolks Acquires Majority Stake in Ten11 Hospitality to Expand Railway Lounge Network

Deal Type : Acquisition

Estimated Value : ₹11.46 crore

Deal Status : Announced / Subsidiary Formation

Cipla Acquires Inzpera Healthsciences to Strengthen Presence in Paediatric and Wellness Markets

Deal Type : Acquisition

Estimated Value : ₹120 crore (Enterprise Value)

Deal Status : Announced – Completion Expected Within a Month

Bikaji Foods Expands Global Footprint with 150000 Dollar Investment in US Subsidiary

Deal Type : Subsidiary Equity Subscription

Estimated Value : $150,000

Deal Status : Completed

Megasoft Subsidiary Completes Rs 213 Crore Acquisition of Nasmyth Group UK

Deal Type : Acquisition

Estimated Value : ₹213 Crore

Deal Status : Completed

SAR Televenture Acquires Blue Lotus and Whitefield Communications in 800 Crore Deal

Deal Type : 100% Acquisition

Estimated Value : ₹800 Crore

Deal Status : Announced

Cloudnine Nears Apollo Cradle Acquisition for 1500 Crore Deal

Deal Type : Acquisition

Estimated Value : ₹1,500 crore

Deal Status : Advanced Talks

Waaree Energies Acquires 64 Percent Stake in Kotsons Pvt Ltd to Expand Power Equipment Portfolio

Deal Type : Strategic Acquisition

Estimated Value : ₹192 crore

Deal Status : Completed

Quality Power Electrical Equipments Acquires 50 Percent Stake in Sukrut Electric Company

Deal Type : Strategic Acquisition

Estimated Value : €5,00,000 (Approx. ₹5.22 crore)

Deal Status : Share Purchase Agreement Executed – Completion Expected in 3 Months

Emcure Pharmaceuticals Acquires Full Ownership of Zuventus Healthcare

Deal Type : Acquisition (Stake Buyout)

Estimated Value : ₹7,249 million

Deal Status : Completed (October 3, 2025)

Apollo Hospitals Acquires AGPCL to Boost Advanced Diagnostic Capabilities

Deal Type : Acquisition

Estimated Value : Not Disclosed

Deal Status : Completed (October 3, 2025)

BLS International Services Acquisition Update and Business Outlook

Deal Type : 100% Acquisition

Estimated Value : GBP 6.55 million (~₹78.29 crore)

Deal Status : Completed

RateGain to Acquire US based Sojern for 250 Million Expanding Travel and Hospitality Footprint

Deal Type : Cross-Border Acquisition

Estimated Value : $250 Million

Deal Status : Announced – Subject to Approvals

Ashoka Buildcon Sells 5 HAM Road SPVs to Epic Concesiones and Infrastructure Yield Trust

Deal Type : SPV Sale / Partial Exit (HAM Road Assets)

Deal Size : ₹1,146 crore (including holdbacks)

Deal Status : Completed (5 of 11 SPVs); remaining 6 SPVs pending transfer

TVS Motor Acquires Italy Engines Engineering to Boost Global R and D and Design Capabilities

Deal Type : Full Acquisition

Estimated Value : Not Disclosed

Deal Status : Completed

JSW Neo Energy Acquires O2 Power 47 GW Renewable Energy Platform for 12468 Crore

Deal Type : Platform Acquisition (Renewable Energy)

Estimated Value : ~₹12,468 Crore (Enterprise Value)

Deal Status : Completed

Adani Power Partners with Druk Green Power for 570 MW Hydroelectric Project in Bhutan

Deal Type : Joint Venture (Hydropower Project)

Estimated Value : ₹6,000 Crore

Deal Status : Signed on September 05, 2025

Poly Medicure Acquires 90 Percent Stake in PendraCare for Rs 1885 Crore to Expand Cardiology Business

Deal Type : Strategic Acquisition (Majority Stake)

Deal Size : ₹188.5 crore (€18.3 million)

Deal Status : Pending regulatory approvals (expected to close in 4–8 weeks)

CCI Approves SMBC 16 Billion Dollar Investment for 20 Percent Stake in Yes Bank

Deal Type : Strategic Investment (Equity Stake Acquisition)

Estimated Value : $1.6 billion

Deal Status : Approved by CCI

TBO Tek Subsidiary to Acquire Classic Vacations for Up to 125 Million USD

Deal Type : Acquisition

Estimated Value : Up to $125 million

Deal Status : Announced

Mukka Proteins Acquires FABBCO to Strengthen Sustainable Protein Portfolio

Deal Type : Acquisition

Estimated Value : ₹8.76 crore

Estimated Value : ₹8.76 crore

CEAT Completes $171 Million Acquisition of Michelin’s Camso Construction Compact Line Business

Deal Type : Acquisition

Estimated Value : $171 million

Deal Status : Completed

UPL Global Acquires 49% Stake in Thailands Grow Chemical to Expand Agri Solutions

Deal Type : Strategic Minority Acquisition

Estimated Value : $0.76 million

Deal Status : Expected to close on or before December 31, 2025

Samvardhana Motherson to Acquire 81 Percent Stake in Japans Yutaka Giken for 184 Million Dollars

Deal Type : Cross-Border Acquisition

Estimated Value : $184 million (approx. ₹1,535 crore)

Deal Status : Announced – Subject to Regulatory and Shareholder Approvals

360 ONE Asset to Acquire 50 Percent Stake from Brookfield in Pune Mixed Use Project for Rs 2400 Crore

Deal Type : Acquisition of Stake

Estimated Value : ₹2,400 crore

Deal Status : Announced – Subject to Regulatory and Transactional Approvals

Wipro to Acquire Harman International’s ER&D and IT Services Business for $375 Million

Deal Type : Acquisition

Estimated Value : Up to $375 million

Deal Status : Announced

Expected to Close by End-2025

JK Lakshmi Cement Merges Udaipur Cement Works to Strengthen Market Presence and Streamline Operations

Deal Type : Merger (Internal Consolidation)

Estimated Value : Not Disclosed

Deal Status : Announced – Pending Approvals

Adani Defence to Acquire 100% Stake in Indamer Technics via JV Investment

Deal Type : Full Acquisition (Through Joint Venture)

Estimated Value : Not Disclosed

Deal Status : Announced – Pending Approvals

IHCL Acquires 51 percent Stake in Clarks Hotels-Operated Firms for ₹214 Crore

Deal Type : Majority Stake Acquisition

Estimated Value : ₹214 Crore

Deal Status : Announced – Pending Closure

Weaver Services to Acquire Centrum Housing Finance for ₹600 Crore in Major PE-Backed Deal

Deal Type : Full Acquisition (Private Equity-Backed)

Estimated Value : ₹600 Crore

Deal Status : Announced – Pending Regulatory Approvals

Allcargo Logistics Achieves Full Ownership of Ecu-Line Saudi Arabia via Subsidiary Stake Buyout

Deal Type : Minority Stake Acquisition (Full Ownership)

Estimated Value : SAR 10 Million (~₹22 Crore)

Deal Type : Minority Stake Acquisition (Full Ownership)

Tata Motors to Acquire Iveco in $4.5 Billion Deal to Strengthen Global CV Footprint

Deal Type : Full Acquisition (Cross-Border M&A)

Estimated Value : $4.5 Billion

Deal Status : Announced – Subject to Regulatory and Shareholder Approvals

JK Paper Acquires 72% Stake in Borkar Packaging to Expand Packaging Footprint

Estimated Value : Approx. ₹235 croretion (Cash)

Estimated Value : Approx. ₹235 crore

Deal Status : Announced – Expected to Close Within 12 Weeks

Equilibrated Venture Cflow Acquires 74.7 Lakh Shares in Paisalo Digital, Raises Stake to 16.5 Percent

Date : 25 July 2025

Deal Type : Strategic Equity Stake Increase

Estimated Value : Not Disclosed

Deal Status : Completed

CG Power Completes Axiro Acquisition to Bolster Automation & Engineering Capabilities

Date : 25 July 2025

Deal Type : Acquisition

Estimated Value : Not Disclosed

Deal Status : Completed (Integration Underway)

Natco Pharma Eyes Majority Stake in South Africa’s Adcock Ingram Holdings to Expand Global Footprint

Date : 23 July 2025

Deal Type : Cross‑Border Strategic Acquisition

Estimated Value : ₹2,000 crore / US $230 million 

Deal Status : Advanced negotiations; regulatory approvals pending

Titan to Acquire 67 Percent of Damas Jewellery in ₹2,438 Crore All-Cash Deal

Date : 22 July 2025
Deal Type : Strategic Acquisition
Estimated Value : AED 1,038 million (~₹2,438 crore)
Deal Status : Definitive Agreement Signed

Brookfield, EQT Eye Gland Pharma in $3 Billion Buyout Bid

Date : 21 July 2025

Deal Type : Strategic Acquisition (Potential)

Estimated Value : $3 Billion

Deal Status : In Advanced Negotiation Stage

 

Firstsource Deepens UK Foothold with £22 Million Acquisition of Pastdue Credit Solutions

Date : 19 July 2025

Deal Type : 100% Acquisition

Estimated Value : £22 million

Deal Status : Announced – Execution in Progress

Adani Wilmar Sells 20 Percent Stake in Agri Business to Wilmar’s Lence Pte for ₹7,149 Crore

Deal Type : Strategic Stake Sale (Intra-JV Transaction)

Estimated Value : ₹7,149 crore

Deal Status : Announced and Board Approved

Stake Involved : 20% in Adani Wilmar’s Agri Business Segment

Buyer : Lence Pte Ltd (Singapore-based arm of Wilmar International)

Valuation : ₹275 per share

Bharat Forge Expands Global Defense Play with Acquisition of Spain’s Aegis Advanced Systems SL

Date : 16 July 2025

Deal Type : Full Acquisition

Estimated Value : Undisclosed

Deal Status : Announced – Execution Underway

Dixon Technologies to Acquire 51 Percent in Q Tech India Unit to Boost Camera and Fingerprint Module Manufacturing

Date : 17 July 2025

Deal Type : Strategic Stake Acquisition

Estimated Value : Not Disclosed

Deal Status : Approved – Awaiting Execution and Approvals

Schneider Electric Eyes $1 Billion Buyout of Temasek’s 35 Percent Stake in Indian Joint Venture

Date : 16 July 2025

Deal Type : Strategic Minority Stake Buyout

Estimated Value : $1 billion for 35% stake (Implied JV valuation: $5 billion)

Deal Status : In Talks – Yet to be Finalised

Dodla Dairy to Acquire HR Food Processing for ₹271 Crore, Eyes Expansion in Eastern India

Deal Type : Acquisition of 100% Stake

Estimated Value : ₹271 crore

Deal Status : Approved by Board – Awaiting Closure Formalities

Sapphire Foods and Devyani in Merger Talks, While Mittal & Warburg Move in on Haier India with $720 Million Bid

Deal Type : Internal Merger (Sapphire–Devyani) and Strategic Stake Buy (Haier India)

Estimated Value : Not disclosed for Sapphire–Devyani; $720 million for Haier India

Deal Status : Sapphire–Devyani under negotiation; Haier India bid submitted

Adani Group Emerges Front-Runner with ₹12,600 Crore Clean Bid for JP Associates

Deal Type : Acquisition Bid under Insolvency

Estimated Value : ₹12,600 crore

Deal Status : Submitted – Awaiting CoC Evaluation

Bharat Forge Completes Acquisition of AAM India Manufacturing for ₹746.46 Crore

Deal Type : Acquisition of 100% stake

Estimated Value : ₹746.46 crore (including ₹189.48 crore cash)

Deal Status : Closed (CCI approval secured)

Apollo Hospitals Unveils Major Restructuring: Demerges Pharmacy & Digital Businesses into New Listed Co

Deal Type : Demerger + Merger with Subsidiaries (Apollo HealthCo & Keimed)

Estimated Value : Not disclosed; combined entity targeting ₹25,000 crore revenue by FY27

Deal Status : Announced, Board Approved – Awaiting Regulatory & Shareholder Approvals

Announcement date : 30 June 2025

Asian Paints Fully Acquires White Teak for ₹188 Crore: Strengthens Home Décor Ambitions

Deal Type : Acquisition (Buyout of remaining minority stake)

Estimated Value : ₹188 crore

Deal Status : Closed

Torrent Pharma Ushers in New Era: Acquires 46.39% Controlling Stake in JB Chemicals from KKR at ₹25,689 Crore

Deal Type : Acquisition

Estimated Value : ₹25,689 crore (~$3.01 billion)

Deal Status : Signed, Awaiting Approvals

JSW Paints Acquires Akzo Nobel India in ₹9,000 Crore Deal: A Bold Bet to Disrupt India’s Paint Market Hierarchy

Deal Type : Acquisition

Estimated Value: ₹8,986 crore (~$1.08 billion)

Deal Status : Closed

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