1. Ultratech Acquries Kesoram Industries

Board of Directors of Kesoram Industries Limited (“Kesoram”) and Ultratech Industries Limited (“Ultratech”) have approved a proposal to demerge their ‘Cement Business’ of Kesoram into UltraTech vide a Scheme of Arrangement

The Cement Business of Kesoram consists of 2 integrated cement units at Sedam (Karnataka) and Basantnagar (Telangana) with a total capacity of 10.75 mtpa. Out of this total capacity, 8.50 mtpa is clinker backed and 2.25 mtpa is surplus grinding capacity. The cement business also has a 0.66 mtpa packing plant in Solapur, Maharashtra.

Under the demerger scheme, UltraTech will issue 1 equity share of the face value of Rs.10/- each for every 52 equity shares of Kesoram of face value Rs. 10/- each as recommended by the valuers.

The scheme is subject to regulatory and shareholders approvals.

2. Angel one acquires Dstreet finance

Mumbai-based stock broking firm Angel One has acquired fintech startup Dstreet Finance. The deal is the first ever tech deal for Angel One. It proposes to introduce insurance and lending, on its platform amid competition from rival broking firms like Zerodha and Groww.

As a part of the deal, the founders of Bengaluru-based Dstreet Finance - Suresh Bavisetti and Paarth Dhar-will join Angel One to spearhead its content, user engagement and learning-related initiatives.

3. Car Dekho acquires Revv - Date : 01-12-2023

CarDekho Group has announced the acquisition of a majority stake in Gurugram-based shared mobility platform Revv. Revv brings a diverse fleet of vehicles and focusses on flexibility, affordability, and a wide network spanning across the country. This move aligns with acquirer’s strategy of placing technology at the heart of its operations, aiming to create a complete automobile ecosystem for a seamless customer experience.

CarDekho will now also offer Revv’s shared mobility services as part of its house of brands.

4. M2P Fintech acquires Goals101

M2P Fintech, a digital banking infrastructure company, has acquired Goals101, a firm specializing in transaction behavioural intelligence, for approximately ₹250 crore.

Goals 101, a seven-year old company, has developed a platform that runs on advanced algorithms and analytics tools which provide insights into consumer transaction patterns and orchestrates actionables.

Goals101 has established its presence in various regions, including India, the Middle East and North Africa (MENA), and South East Asia. The company collaborates with banks and payment networks across these geographies.

5. Livguard acquires Emuron Technologies

Livguard, a Energy Storage and Solutions company under the SAR Group has announced a strategic acquisition of Emuron Technologies, an battery swapping and battery intelligence solutions provider for electric two- and three-wheelers.

Emuron Techonologies has a proprietary portfolio of battery swapping and IoT solutions tailored for two- and three-wheelers. Livguard on the other hand, is an established player working in the field of inverters, automotive batteries, solar solutions, and lithium batteries, and this acquisition will further strengthen its position in the energy transition two- and three-wheelers.