Business
M & A Critique
Adani gets creditors nod to buy bankrupt Jaiprakash Associates
Gautam Adani-led Adani Group has received approval from the Committee of Creditors of Jaiprakash Associates after lenders voted in favour of its resolution offer for the bankrupt infrastructure and industrial group.
1 min |
December 2025
M & A Critique
US trading platform Bakkt to acquire stake in Indian brokerage Transchem, offer access to global securities
Digital asset trading platform Bakkt, backed by the likes of Citadel and Vanguard, is acquiring a stake in Transchem, a listed Indian brokerage, as part of its wider strategy to build a presence in the Indian market.
2 min |
December 2025
M & A Critique
Hong Kong firm to acquire 25% stake in Pro Fin Capital Services
Hong Kong-based Excellence Creative plans to acquire a 25 per cent equity share capital in Pro Fin Capital Services at a price of Rs 22 per share.
1 min |
December 2025
M & A Critique
IT services firm Xoriant acquires TestDevLab to deepen European footprint
Mid-sized IT services company Xoriant announced the acquisition of TestDevLab, a Latvia-headquartered software quality engineering company, to strengthen its presence in the European region.
1 min |
December 2025
M & A Critique
Whirlpool offloads 11.2% stake in Indian unit through bulk deals
American appliance manufacturer Whirlpool Corp sold an 11.2% stake in its Indian listed unit, Whirlpool of India, through bulk deals as part of a plan to reduce its shareholding to around 20% from 51%, according to stock exchange data.
2 min |
December 2025
M & A Critique
Vertoz to acquire marketing automation firm Webimax
MadTech and cloudtech company Vertoz said it has signed a definitive agreement to acquire 100 per cent stake of marketing automation company Webimax Llc at an enterprise value of USD 6.6 million (around Rs 59 crore).
1 min |
December 2025
M & A Critique
Baby Memorial Hospital front-runner for Star Hospitals, Fortis also in fray
Baby Memorial Hospital, backed by KKR, has emerged the front-runner to acquire Hyderabad-based Star Hospitals in a closely fought contest, said people familiar with the development.
1 min |
December 2025
M & A Critique
Havells India to acquire stake in solar SPV for captive consumption
Havells India has approved acquiring a stake of 26% in Kundan Solar (Pali), a Special Purpose Vehicle (SPV), established for the business of developing, installing, operating, managing and maintaining solar power plant.
1 min |
December 2025
M & A Critique
Italy conditionally approves Chinese JD.com's takeover of Ceconomy
Italy's government has given its conditional approval to Chinese e-commerce giant JD.com's takeover of German electronics retailer Ceconomy, a parliamentary document showed.
1 min |
December 2025
M & A Critique
CCI clears ICICI Prudential AMC's proposal to acquire certain biz units of ICICI Venture Fund
Fair trade regulator CCI cleared the proposal of ICICI Prudential Asset Management Company to acquire certain businesses from ICICI Venture Funds Management Company.
1 min |
December 2025
M & A Critique
Naver's payment arm to acquire South Korean crypto exchange operator in $10 bln deal
Naver Financial, a unit of South Korean internet giant Naver, has agreed to acquire Dunamu, an operator of the country's largest cryptocurrency exchange Upbit, in an all-stock deal valued at 15.13 trillion won ($10.27 billion).
1 min |
December 2025
M & A Critique
Dollar Industries Merger, Governance and Business Consolidation
Dollar Industries Limited (“DIL”) is a leading player in the Indian hosiery and knitwear sector.
4 min |
December 2025
M & A Critique
Jubilant Agri Business Demerger and Restructuring Analysis – Something Unique
The Board of Directors of Jubilant Agri and Consumer Products Limited (JACPL) has approved the demerger of its Agri Business into Jubilant Agri Solutions Limited (JASL).
5 min |
December 2025
M & A Critique
Sinclair offers to buy E.W. Scripps in bid to expand broadcast TV reach
U.S. broadcaster Sinclair has offered to buy E.W. Scripps in a cash-and-stock deal that values its smaller rival at $538 million, as cord-cutting and competition from streaming services lead to consolidation in the media industry.
1 min |
December 2025
M & A Critique
US judge approves bid from Elliott affiliate for Citgo Petroleum parent
A U.S. judge approved a $5.9 billion bid from an affiliate of Elliott Investment Management in the court-organized auction of Citgo Petroleum's parent, clearing the way to order the sale of Venezuela-owned PDV Holding.
3 min |
December 2025
M & A Critique
TalentPro India Acquires PSN Supply Chain Solutions, Strengthening Its Nationwide Staffing Capabilities
TalentPro India, a leading provider of staffing, payroll, and compliance management solutions, today announced the acquisition of PSN Supply Chain Solutions Pvt. Ltd. a Mumbai-based specialist in supply chain, logistics, and e-commerce staffing.
3 min |
December 2025
M & A Critique
China's Anta Sports and Li Ning exploring bid for Puma, source says
Chinese sportswear firms Anta Sports Products and Li Ning are among those exploring a potential takeover of struggling German sportswear brand Puma, a source with knowledge of the matter said.
2 min |
December 2025
M & A Critique
White Oak, Siguler Guff, Creador buy into La Renon Pharma
An investor consortium comprising White Oak Capital Management, US private equity firm Siguler Guff, and Kuala Lumpur-based Creador has acquired about 10% of the pharmaceutical company La Renon Healthcare, said people aware of the development.
2 min |
December 2025
M & A Critique
Adani Enterprises JV acquires Trade Castle Tech Park for Rs 231 cr
Adani Enterprises announced that its joint venture AdaniConneX has acquired Trade Castle Tech Park for a consideration of Rs 231.34 crore, in order to set up infrastructure facilities.
1 min |
December 2025
M & A Critique
GE Power India's Durgapur Unit Demerger to JSW Energy
In a strategic move aimed at portfolio realignment, GE Power India Limited has announced the proposed hive-off of its Durgapur boiler manufacturing facility to JSW Energy Limited through a scheme of arrangement, marking a strategic realignment for both companies. The transaction reflects GE Power India's intent to sharpen its focus on its services-led business, while enabling JSW Energy to achieve backward integration by securing in-house manufacturing capabilities for critical thermal power equipment
6 min |
December 2025
M & A Critique
Bajaj Auto completes majority acquisition of KTM after regulatory nod
Bajaj Auto Ltd has completed its acquisition of a majority stake in Austrian motorcycle maker KTM AG, after receiving the final approval from European regulators for its €800-million deal.
1 min |
December 2025
M & A Critique
Brookfield, GIC offer record $2.6 billion for Australia's National Storage
Australia's National Storage REIT said it had received a A$4.02 billion ($2.61 billion) buyout offer from a consortium of Brookfield and Singapore's GIC in what would be the country's biggest real estate privatisation deal.
1 min |
December 2025
M & A Critique
Canada's CPPIB, Indospace acquire six logistics parks worth $336 million
Indian warehouse developer IndoSpace and Canada Pension Plan Investment Board (CPPIB) said they acquired six industrial and logistics parks worth 30 billion rupees ($336.26 million) through their joint venture.
1 min |
December 2025
M & A Critique
NDL Ventures board approves merger of Hinduja Leyland Finance into NDL Ventures
NDL Ventures Limited (formerly NXTDIGITAL Limited) said its Board of Directors has unanimously approved the Scheme of Merger by Absorption of Hinduja Leyland Finance Limited (HLFL) into the company.
1 min |
December 2025
M & A Critique
Small and mid-sized law firms rush to merge for scale
A wave of mergers is sweeping small and mid-sized law firms across India as they seek to gain scale with clients increasingly expecting multidisciplinary capability, cross-border advisory support and deep expertise under one roof.
2 min |
December 2025
M & A Critique
Leela Palaces acquires 25% stake in Dubai's Sofitel The Palm FZE
Brookfield-backed Leela Palaces, Hotels and Resorts announced that its wholly owned overseas subsidiary, Aries Holdings, through its subsidiary Boron Holdings, has acquired 25 per cent of Sofitel The Palm FZE, a major luxury beachfront property on Palm Jumeirah, Dubai.
1 min |
December 2025
M & A Critique
Warburg Pincus to acquire Raptor Technologies for around $1.8 billion, Sources say
Warburg Pincus has agreed to acquire a majority stake in Raptor Technologies from fellow investment firm Thoma Bravo, in a deal that values the school safety software provider at around $1.8 billion, according to people familiar with the matter.
1 min |
December 2025
M & A Critique
TotalEnergies to offload 5% stake in Adani Green Energy
TotalEnergies is preparing to sell up to 5% stake in Adani Green Energy (AGEL), according to people familiar with the development.
1 min |
December 2025
M & A Critique
Lord's Mark Industries acquires 85% stake in Renalyx to scale indigenous dialysis technology
Lord's Mark Industries Ltd., a diversified healthcare and technology-led group, announced the acquisition of an 85% stake in Renalyx Health Systems Private Limited, the Bengaluru-based med-tech innovator behind India's indigenous, Al- and cloud-enabled smart hemodialysis machine.
1 min |
December 2025
M & A Critique
South Korea's HD Hyundai, Lotte Chemical submit plan to restructure petrochemical businesses
South Korea's HD Hyundai and Lotte Chemical have submitted a plan to the industry ministry on restructuring their petrochemical businesses, the companies said in separate regulatory filings.
3 min |