Acquisitions Current Affairs - 2020

Birla Corp to acquire Lafarge’s two Indian units for Rs. 5000 crore

Birla Corporation has signed an agreement with French-based Lafarge Group to acquire its Jojobera unit in Jharhkand and Sonadih in Chattisgarh for sum of Rs. 5000 crore. The Lafarge disinvested these two units in order fulfil the directions given by Competition Commission of India (CCI) as a part to conclude its mega global merger with Swiss-based Read More…

Greenko to sell India’s assets to GIC of Singapore for Rs. 1,600 crore

Hyderabad based renewable energy company Greenko has agreed to sell its India assets to Singapore based sovereign wealth fund company GIC for about 1,600 crore Rupees. Greenko has signed a non-binding deal with GIC for the sale of the company’s trading activities, assets and all its shares in Greenko Mauritius which also comprise ownership and operation Read More…

Warren Buffett led Berkshire Hathaway to buy Precision Castparts for $37.2 billion

The billionaire Warren E Buffett led Berkshire Hathaway has agreed to acquire the metal parts manufacturer Precision Castparts Corporation (PCC) for 37.2 billion US dollars. This will be the one of the largest takeovers ever undertaken by the billionaire’s company, Berkshire Hathaway will pay over 235 US dollar per share for the PCC that represents Read More…

Pramerica Mutual Fund has acquired Deutsche MF business in India

Mutual Fund sector witnessed fifth exit of foreign fund house in two years from India on 7 August, as Pramerica Mutual Fund (MF) a company affiliated to US based Prudential Financial Inc. buys out German Deutsche Bank Group’s MF business in India for 400 crore rupees. Deutsche MF with 20,720 crore rupees assets under management Read More…

Thomas Cook (India) Ltd acquires Kuoni’s travel business in India and Hong Kong

Thomas Cook (India) Ltd has acquired Zurich based Kuoni Group’s travel businesses in India and Hong Kong for 535 crore rupees. Kuoni entered India in 1996 by acquiring travel brand SOTC and destination management brand SITA. The acquisition includes these two units of Kuoni. The deal does not include Kuoni’s outsourcing and technology services subsidiary Read More…