Tag: acquisition
Defence Acquisition Council headed by Raksha Mantri Shri Rajnath Singh approves proposal of value Rs. 2,236 Cr.
Key highlights: · Indian Air Force to procure GSAT-7C Satellite and Ground Hubs for real-time connectivity of Software Defined Radios · Complete design, development and launching of satellite to be in India · It will enhance the ability of our Armed Forces to communicate beyond the Line of Sight The Defence Acquisition Council (DAC) in its meeting of 23 November 2021 held under the Chairmanship of Raksha Mantri Shri Rajnath Singh accorded Acceptance of Necessity (AoN) for one Capital Acquisition proposal of Indian Air Force for its modernization and operational needs amounting to Rs. 2,236 Cr. under the category of ‘Make in India’. ... Read more
CCI approves acquisition of 71.25% shareholding of ASK Investment Managers Limited by BCP TopCo XII Pte Ltd.
The Competition Commission of India (CCI) approves acquisition of 71.25% shareholding of ASK Investment Managers Limited by BCP TopCo XII Pte Ltd. BCP TopCo XII Pte Ltd. (Acquirer) is an affiliate of funds advised or managed by the affiliates of the Blackstone Group Inc. The principal activity of the Acquirer is that of investment holding and related activities. However, at present, it does not have any business operations, in India or worldwide. ASK Investment Managers Limited (Target) is an asset and wealth management company with an established client base in India. The Target, directly and through the associate and subsidiary ... Read more
DSM completes the acquisition of First Choice Ingredients
Royal DSM, a global purpose-led science-based company, announces the completion of its acquisition of First Choice Ingredients for an enterprise value of US$453 million. The acquisition of First Choice Ingredients, a leading supplier of dairy-based savory flavorings, was first announced on 3 September 2021. First Choice Ingredients has built a leading position in the US taste market as an innovation partner with food producers, flavor houses and food service suppliers. The company ferments and blends a variety of natural dairy products to develop clean label, dairy and dairy-based savory flavorings for taste and functional solutions across a wide range of applications. ... Read more