Mergers and Acquisitions | Page 2

Both the companies will operate separately providing comprehensive digital healthcare solutions.

According to a report by The Financial Times, the Menlo Park, California-based tech giant is close to signing a preliminary deal for a 10 per cent share in the telecom company.

With the merger, Nuvoco said it would become one of the biggest players in the cement industry in India, especially in the east. The deal will expand its total cement capacity in eastern, northern and western India to 23.5 million tonnes.

The last few years have seen several start-ups in the Indian ecosystem grow at breakneck pace, scaling operations both in domestic as well as international markets. To scale quickly, some of these start-ups have taken the acquisition route