Articles for tag: Acquisition, Approved, Combat, Defense, India, Major, Radars, Strengthens, Vehicles

Market News

India Strengthens Defense: Major Acquisition of Combat Vehicles and Radars Approved

India Strengthens Defense: Major Acquisition of Combat Vehicles and Radars Approved

The Indian Defence Ministry has approved significant acquisitions to modernize the Army’s capabilities, including the procurement of future-ready combat vehicles (FRCVs) and air defence fire control radars. In a meeting chaired by Defence Minister Rajnath Singh, the Defence Acquisition Council cleared ten proposals totaling Rs 1,44,716 crore, with 99 percent sourced from indigenous manufacturers. The ...

Market News

Mankind Pharma’s Bold Move: Financing Rs 13,630 Crore Acquisition Amidst Debt

Mankind Pharma’s Bold Move: Financing Rs 13,630 Crore Acquisition Amidst Debt

Mankind Pharma, India’s fourth-largest pharmaceutical company, plans to raise over Rs 9,000 crore through non-convertible debentures and short-term commercial paper to fund its Rs 13,630 crore acquisition of Bharat Serums and Vaccines Ltd. The company expects an average borrowing cost of about 8.5 percent. This acquisition will significantly enhance Mankind’s position in the gynaecology-fertility Market, ...

Market News

Blackstone in Pursuit: .5 Billion AirTrunk Acquisition on the Horizon

Blackstone in Pursuit: $13.5 Billion AirTrunk Acquisition on the Horizon

Blackstone Inc. is close to finalizing a significant deal to acquire Australian data center operator AirTrunk for over A$20 billion (approximately $13.5 billion), including debt. This transaction could be one of the largest in digital infrastructure this year. Blackstone has outbid other competitors, including a consortium with well-known investors, and is currently negotiating final terms ...

Market News

Adani Wilmar Eyes Expansion:  Billion Acquisition Drive in FMCG Sector

Adani Wilmar Eyes Expansion: $1 Billion Acquisition Drive in FMCG Sector

Adani Wilmar is set to enhance its presence in India’s packaged consumer goods Market with plans to acquire three food companies, backed by a $1 billion acquisition fund. This strategy focuses on brands that specialize in spices, ready-to-cook foods, and packaged edibles, aiming to increase revenue from consumer sectors to 25-30%. The company has already ...

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