Acquisitions | Page 6

Amazon already holds an 8% stake in Axio, acquired during its INR 144 crore extended Series C round in 2018.

Satcom Infotech will leverage RP Tech's extensive financial resources and robust nationwide distribution network to enhance service delivery and scale operations. Meanwhile, RP Tech will integrate Satcom's expertise in cybersecurity into its offerings, aiming to introduce new brands and forge impactful industry partnerships.

This move underscores PAG's continued focus on India's burgeoning packaging industry, following its recent investment in Manjushree Technopack.

The investment involves subscribing to optionally convertible debentures, with plans to raise its stake above 50% upon conversion. Prime Securities' total investment is valued at INR 7 crore.

The collaboration is set to redefine the premium beer segment in the UK and European markets, blending the strengths of all three entities.

As part of the deal, Landmark Hospitality Services Limited will also acquire a stake in Curefoods India, reflecting a strategic partnership between the two companies.

Both transactions are subject to customary closing conditions and statutory approvals.

This marks Deel's fourth major acquisition of 2024, following integrations with Global Payroll (Payspace), Deel Engage (Zavvy), and Deel IT (Hofy).

The move aims to bolster Wipro's application services capabilities, paving the way for new growth opportunities.

This acquisition is part of Prime Securities' broader strategy to diversify and strengthen its portfolio. Recently, the company expanded into the wealth management sector through its wholly owned subsidiary, Prime Trigen Wealth Ltd. (PTWL).

While the financial details were not officially disclosed, media reports peg the deal's valuation at around INR 10,000 crore.

MPL integrates CloudFeather's advanced gaming infrastructure and liquidity solutions to enhance platform stability and elevate the gaming experience for its 120 million users across India, the US, and Nigeria.

The deal will be financed through a combination of cash and equity, with 55% of the transaction in cash and the remaining 45% through an equity swap.

This innovation addresses enterprise challenges such as data access, accuracy, and sovereignty, the company announced in a statement.

Last year, the company secured a four-acre land parcel in Mumbai's Powai suburb from Larsen & Toubro (L&T) through an 18-year lease, committing to INR 562 crore in rental payments.

The acquisition involves a 100% purchase of Trinity's share capital, combining a cash payment of INR 4.8 crore and a stock swap worth INR 19.2 crore. Founders Abhishek Aggarwal and Shivam Rao will retain leadership roles while becoming shareholders in NODWIN Gaming.

Sharekhan, a key player in stockbroking, commodities, and currency derivatives, will leverage Mirae's global expertise and reach to expand its business.

Specialising in Google Cloud Platform (GCP) services, Niveus Solutions will enhance NTT DATA's cloud capabilities, bringing 1,000 skilled GCP engineering professionals with expertise in native modernisation, data engineering, and AI.

The acquisition aims to enhance sustainable packaging, strengthen industrial procurement leadership, expand Next Day Delivery to 40 cities, and foster community growth through improved infrastructure and streamlined operations.

OneSource is one of the few Indian CDMOs capable of developing and manufacturing advanced products such as GLP-1 drugs, similar to the compounds found in the popular diabetes and obesity drug, Ozempic.

In October 2021, The Good Glamm Group had acquired a majority stake in The Moms Co. through a cash and stock deal, which resulted in partial exits for the brand's founders and full exits for investors like DSG Capital and Saama Capital.