ACQUISITIONS & MERGERS
Monthly Current Affairs March 2016 “ACQUISITIONS & MERGERS” key points to Remember.
Hinduja group acquired the famous 1,100 room Old War Office Building of Britain in central London
Cabinet Committee on security gave nod to acquire two advanced Israeli Phalcon AWACS(Airborne Warning and Control System) from Israel – Rs. 7500crore
Pincon Spirit acquired Singapore based Company, Orbitol Solutions
InnerChef, a food tech startuphas acquired two startups – Bengaluru-based EatonGo and Gurgaon-based Flavour Labs.
South Asian bank DBS acquired the on shore operations of RBS in India for a deal of 1000 crores
Bharti Airtel acquired Videocon Telecom’s spectrum in six circles for Rs 4,428 crore
Magic Bricks acquired property analysis startup ”Properji.com” of Invact Technologies for an undisclosed sum
Ola acquired payment technology solutions Qarth technologies to strengthen its money base
Inox Wind Infrastructure Services Limited acquired Sarayu Wind Power
Yokohama Rubber Co. Ltd has agreed to buy Alliance Tire Group for $1.2 billion
ITC acquired Technico Agri Sciences Ltd (TASL) for Rs 121 crore
Japan based NTT has acquired the IT arm of PC manufacturer Dellat $ 3 billion
Russia approved a deal of ONGC Videsh Ltd (OVL) to acquire 15% stake in Vankor oilfield from Rosneft – 1.3 billion US dollars
Sun Pharma buys Novartis’ 14 brands for $ 293 mn in Japan