Tag
M&A Activity
7 articles
M&A activity in India is demonstrating both progress and setbacks, reflecting the complexities of dealmaking. Hindalco terminated its AluChem acquisition due to prolonged closure delays, highlighting regulatory and logistical challenges, while EFC India successfully completed a share swap acquisition of Ultrafresh Modular, expanding its furniture business. Several open offers are underway, including GRT Jewellers' significant move to acquire a stake in TBZ and Apollo Micro Systems' substantial offer for Premier Explosives, signaling shifts in ownership and potential promoter changes. These developments suggest continued consolidation within specific sectors, though investors should monitor regulatory approvals and potential integration risks as these transactions proceed.
Juniper Hotels Signs Binding MoU for Novotel Imagicaa Acquisition
Juniper Hotels entered binding MoU to acquire Novotel Imagicaa hotel for ₹248 crore.
The property spans 11 acres with 287 rooms and 280,000 sq ft built-up area.
Acquisition subject to definitive docum
Premier Explosives IDC Recommends Apollo Open Offer
Premier Explosives' Independent Directors Committee recommends Apollo Micro Systems' open offer for 26% stake at ₹705.65 per share as fair and reasonable.
The offer price of ₹698 per share plus ₹7.65
Hindalco Terminates AluChem Acquisition Agreement
Hindalco and AluChem mutually terminate acquisition due to extended closure delays beyond either party's control.
The termination follows multiple previous updates since June 2025 regarding the propos
EFC India Completes Ultrafresh Modular 100% Acquisition
EFC (I) Limited completed 100% acquisition of Ultrafresh Modular Solutions via share swap for ₹53.99 crore.
Ultrafresh operates in modular furniture with ₹36.32 crore FY26 turnover and manufacturing p
Neelkanth Rock-Minerals 26% Open Offer Completion
Mark Corporate Advisors submitted a post-offer advertisement for an open offer to acquire 26% of Neelkanth Rock-Minerals at ₹19.40 per share.
The open offer period ran from August 18, 2026, to Septemb
GRT Jewellers Open Offer for 25.88% of TBZ
GRT Jewellers announces mandatory open offer for 25.88% of TBZ shares at ₹249.61 per share, totaling ₹431.10 crore.
Offer triggered by acquisition agreement to buy 74.12% stake from TBZ promoters for
Apollo Micro Systems Premier Explosives 26% Open Offer
Apollo Micro Systems launches mandatory open offer for 26% of Premier Explosives at ₹698/share, triggered by acquisition of 41.33% stake from AKS Family Trust.
The open offer size is for 1,39,77,911 s