Current Affairs Sectionwise PDF

2019 Acquisitions & Mergers (Jan-Mar)

Contents
2019 Acquisitions & Mergers – JANUARY ..................................................................................................... 2
2019 Acquisitions & Mergers – FEBRUARY .................................................................................................. 2
2019 Acquisitions & Mergers – MARCH ......................................................................................................... 2

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2019 Acquisitions & Mergers – JANUARY

Acquisitioner
SoftBank & BrainBees Solutions retailer FirstCry
Amazon and Witzig Advisory services deal to
acquire Aditya Birla
Reliance acquired DEN and Hathway
‘Dealtracker’ and India
GlaxoSmithKline Consumer Healthcare (GSKCH
India) and Hindustan Unilever Limited (HUL)
Keynotes
$400 million for over 40 per cent stake
Amazon acquired 49% of the shares and Witzig
got 51% of shares in Aditya Birla
Reliance acquired 66% in DEN and 51.3% in
Hathway for total cost of Rs 5,230 crore
Both has entered the $ 100 billion club in the
merger and acquisition (M&A) space in 2018.
Total business has been valued at Rs 31,700
crore

2019 Acquisitions & Mergers – FEBRUARY

Acquisitioner/Merger
Noida based digital payments
company Paytm acquired the Noida-
based last-minute hotel booking
app, NightStay
Asian Development Bank acquires
Annapurna Finance
Facebook acquired US-based virtual
search start-up, GrokStyle
Netvalue(amount)
USD 20 million (INR 142 crore)
14% stake in Annapurna Finance
Undisclosed Amount
Points to be Noted
NightStay founder Nasr Khan will
lead the hotel-booking services at
Paytm.
Motive of attracting long -term
funds from global lenders and
investors

Thomas Cook India Group acquired $40.6 million (Rs 289 crore)
Digiphoto Entertainment Imaging
(DEI)

2019 Acquisitions & Mergers – MARCH

Acquisitioner/Merger Netvalue(amount) Points to be Noted

DBS Bank Ltd with its wholly owned
local subsidiary
ICICI Bank acquired 9.9% stake in
Kisan Finance for cash consideration
Lanco Teesta Hydro Power Ltd
(LTHPL) to be acquired by National
Hydroelectric Power Corporation
(NHPC)
DBS Bank’s unit will merge with DBS
Bank India with effect from 1st
March 2019.
Rs 17.82 crore The deal will involve the acquisition
of roughly 1.49 crore equity shares
with a face value of Rs 10 per share
at a premium of Rs 2 per share.
Rs 907 Crore

ArcelorMittal acquired of Essar Steel Rs 42,000 Crore It was approved by the Ahmedabad
India Ltd (ESIL) bench of the National Company Law
Tribunal (NCLT)
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Bandhan Bank acquired of Gruh Gruh Finance Limited is a

Finance
National Stock Exchange of India,
NSEIT decided to acquire a global
cyber security company Aujas
Networks
Power Finance Corporation (PFC)
acquired REC Ltd
Ahmedabad headquartered
Subsidiary of HDFC Limited, is a
Housing Finance Company (HFC)
recognized by the National Housing
Bank (NHB) and it was taken over in
January by Kolkata-based Bandhan
Bank in a share-swap deal.
Undisclosed sum It will help Aujas to improve its
services and capabilities with a
strong focus on helping customers
with security challenges.
Rs 14,500 crore Has become the India’s second
largest Govt-owned Financial Firm
after State Bank of India (SBI), based
on market capitalization.

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