The world of mergers, acquisitions, and takeovers fascinates many of us.
Here is a brief of these procedures that took place recently in India.
1. BharatPe acquires a majority stake in Trillion Loans
Fintech giant BharatPe acquires a stake of 51% in a non-banking financial company Trillion Loans. The deal amount hasn’t been disclosed yet.
According to founder and COO Shashvat Nakrani, the deal will provide capital access to a large pool of underserved and unbanked businesses and customers.
2. Saint-Gobain acquires Twiga Fiberglass
This week saw the completion of the acquisition procedure of Twiga fiberglass by Saint-Gobain.
The French glassmaker subsidiary acquired the Uttar Pradesh-based Twiga Fiberglass Ltd at INR $00 crore replete with its two manufacturing facilities at Mumbai and New Delhi.
Saint-Gobain acquired Rockwool India last year for INR 150 crore.
3. Sathavahana Ispat merges with Jindal SAW
Leading manufacturer and supplier of Steel Pipe products and fittings, Jindal SAW Ltd submitted a resolution plan for debt-laden Sathavahana Ispat Ltd to be merged, the plan for which has been approved by NCLT, Hyderabad Bench-1.
The merger was conducted through an insolvency process.
4. Bright CHAMPS acquires Metamorphosis Edu
Edtech startup BrightCHAMPS acquired Hyderabad-based startup in a cash and stock deal, for an undisclosed amount.
BrightCHAMPS is well on the road to becoming a well-known name in education, with two acquisitions made in 2022- Singapore-based Schola for $15 million and Education 10x for an
undisclosed amount.
